Donate

Deflation Kicks In As Americans Become Actively Scared Of Economy

News

The Federal Reserve this afternoon is expected to cut the fed funds rate from 1% to .5%, a modern record. The government is printing more money than you can shake a stick at, all night, every night, to give to financial companies. This should be an incredibly sexy time to make LOANS. Overnight loans, car loans, Truck Nutz loans, who cares, loans loans loans, free money! The only problem is that we've developed a terrorist's mindset in which the American economy, as a whole, has become the enemy.


It is a poison. The economy will kill you if you step near it. We do not wish to bring our money to this... this "thing." It is made of several trillion different flavors of death. Last week, for example, the yield on three-month Treasuries fell below zero for the first time ever, meaning people were effectively paying the government to hold onto their cash. In America, this was happening. People will have nothing to do with this fucking economy in any way. It is made of garbage and dead rats and synthetic collateralized debt obligations and poop.

And this is why we had record deflation last month. (Well, mostly because of cheap gas, which is fantastic, but shhh.) PAY OFF YR STUDENT LOANS WHILE YOU CAN!

Inflation Drops, Housing Starts Fall [ABC News]

$
Donate with CC
It started with them damn hats. (Image: Wikimedia Commons)

A guest post by "Knitsy McPurlson," which we suspect is not a real name.

Yr Wonkette is not the only website run by brilliant peoples unafraid to poke people with sharp, pointy sticks. Ravelry.com – a website for knitters, crocheters, and other folks interested in textiles and fiber arts – is poking people with knitting needles, which are very sharp indeed.

This past weekend, Ravelry.com's founders showed the world how easy it is to de-platform white nationalists and racists when they banned all "support of Donald Trump and his administration" from their website, concluding they "cannot provide a space that is inclusive of all and also allow support for open white supremacy." Seems like people smart enough to decode a knitting pattern are also smart enough to decode Trump's not-so-hidden message of racism and white nationalism.

Keep reading... Show less
$
Donate with CC

One day, God willing, my grandchildren will click open their history textbooks and read about the Central American migrant internment camps. They'll learn about sick kids, locked in cages, kept hungry and dirty and cold for weeks on end, and they'll be horrified.

"Bubbie," they'll say, "how could this happen in America? How could there be toddlers sleeping on the ground without blankets, without soap or toothbrushes to clean themselves?"

"I don't know. I wish I had done more. I'm ashamed," I'll say. We will all have to answer for this atrocity. But some of us will have to answer more than others. Not just the archvillains like Stephen Miller and John Kelly, but the people who kept right on doing their jobs, even as those jobs morphed into defending concentration camps.

Keep reading... Show less
$
Donate with CC
Donate

How often would you like to donate?

Select an amount (USD)

Newsletter

©2018 by Commie Girl Industries, Inc