Friday, November 6, 2009

Another sign of idiocy

At the same time as the Swedish government felt it necessary to have a deficit of SEK 19.6 billion last month, citizens continues to borrow more money during these economic times.

Are people that stupid? Well, that’s a rhetorical question.

The leftie government should of course be cutting expenses, but it’s much better helping destroying our future instead. This alone is a very good sign of how stupid sheople really are, however, to borrow lots of money in the midst of a financial crisis and with the Greatest Depression around the corner goes beyond total insanity. And seemingly they are buying lots of housing and real-estate for that money, this is fixed assets, already overvalued, will be fun seeing all that wealth evaporate in the near future. Also, say thanks to the central bank, seldom has cornflake economists ruined so much for so many in such short time.

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