Sunday, October 16, 2011

Guest Post: How Government Spending Impoverished Us All

Guest Post: How Government Spending Impoverished Us All ZeroHedge
At the World Complex, I view metal consumption as being a better indicator of economic activity than the officially reported GDP.
Perhaps I should say I trust the metal consumption numbers more, as I suspect they are harder to fake.
In any case, metal consumption usually involves making something, which is frequently accretive to wealth (except in the case of bombs, et al.).
The decline in metal consumption is a direct measure of the decline of real wealth.

Very interesting article.

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