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Monday
May092011
Wake-Up Call - 05/09/11
May 9, 2011
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Why Are All Governments Lying To Their People?
The European Question, courtesy of the leader of Finland’s new ruling party. Lying is manifestly the standard form of communication between the central EU administration and its people. Want a passport? Better hurry up. They’re going to make it ever more difficult for you to get one. Consumers stuck with a legacy of excessive debt, inadequate saving, high unemployment, weak incomes and underwater assets. Grotesquely understated unemployment stats. Pros and cons of strategic defaults. The Federal Reserve’s abuse of power. Differences between the German and the American way of doing things.
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