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If you are at all interested in the state of the economy
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Uncle Fester
Posted 8/29/2010 17:36 (#1337633 - in reply to #1337542)
Subject: RE: PIIGS in a poke.................


remsen, iowa nw iowa
mark, i think you can compare the usa and greece. and fergusun is not the only one making the comparison. we are in much worse shape than greece. if the feds used gaap accounting prinicples like they force corporations to use, our debt goes to over 100 trillion. the largest corporation in the world is using cash accounting, and we as farmers know the games that can be played under such a basis. so ignore his conclusions if you must. but be watchful of how this plays out. these are indeed uncharted waters. i distrust the ivy league connection as well. they all use the same books. i graduated from a small liberal arts school on the mississippi . and i didnt read that he was in favor of central planning. my reading of it was because nobody had the balls to say no while trading votes. and i am not attacking you. dap7
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