"In some places, U.S. housing has suffered more damage than from a fire or a tornado. In Lehigh Acres, near Fort Myers, Florida, the New York Times says houses are selling 80% off their peaks. “Fast food restaurants are laying people off or closing. Crime is up, school enrollment is down and one in four residents received food stamps in December, nearly a fourfold increase since 2006.â€" Exactly why a fiat currency is terrible for the environment.
The Real Cost of the Bailout
Posted by StingingNettle 364 days ago (http://www.dailyreckoning.com)
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