YOU WERE WONDERING WHY RETAIL SALES ARE RISING

This is just awesome news. You the taxpayer have bailed out the Wall Street banks to such an extreme and Ben is handing them hundreds of billions at 0% interest so they can turn around and lend it back to you at 10% to 25% interest. And guess what. The delusional numbskulls that make up the majority of America have bought into the master plan. Remember all those lines on Black Friday for TVs, waffle irons, computers, iPhones, and 10,000 other useless gadgets? Well all that stuff was purchased with billions of debt. It seems American idiots are now so confident in a bright future, they added $20.4 BILLION of debt in November. Here is a link to the data:

http://www.federalreserve.gov/releases/g19/current/

Here’s the deal. The Wall Street banks are throwing caution to the wind and letting subprime borrowers buy on credit again. They do not care about future losses as the country goes into recession. The Federal Reserve has their back and will shift the losses to you and I.

Secondly, the automakers don’t really have strong sales. They are again providing cars to anyone that can scratch an X on a loan document to move inventory. The terms are 0% interest for 60 months. Sounds really profitable for the lender.

Remember the “age of austerity”? Consumer credit outstanding in almost back to the 2008 peak.

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