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Wake-Up Call - 01/20/12
January 21, 2012 Debt, Debt… And More Debt
Another priceless gem from Nigel Farage. There is no solution to the problem of debt. We are past the point-of-no-return. The debts which have hitherto been ignored are now having a noticeable effect on economic “growth”. Debt is like a cancer which has finally hit life-support systems. Again, ignore the media spin. Americans, of course, are meekly obeying the media and ramping up their (debt-based) spending like never before. Interfering with the free play of markets can be counterproductive. Complacency can lead to crisis. (Turkeys being fattened for Thanksgiving are… complacent!) More on the mendacity of the media. The stunning decline of the auto industry. Government’s sweeping new powers are destroying America.
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