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Monday
Jan232012
Wake-Up Call - 01/23/12
January 23, 2012 Europe: The Abyss
A statement of the problems. Greece leads the way down a grim path ultimately to be trodden by others, including the United States. European banks, already in the hole (insolvent) must deal with this as well. Portugal is next. The choices Europe faces. The consequences of default. Debt: the legacy to future generations. There is no “solution”. No effort is being made to reduce spending. The system must fail. The Fed is at the heart of the problem. The horror of endless unemployment. The new European treaty proposals are falling apart. Comparing America’s healthcare with that of France. America’s lack of social mobility has never been so great.
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