Monday, October 10, 2011

Lying and Kicking the Can Down the Road...The Choice of Politicians Everywhere

Ya wanna read something funny? Market up 300 as European leaders "SOLVE" the debt crisis. They haven't solved shit. You solve debt by paying it off. It is that simple.

This is why you cannot predict the timing of the economic apocalypse. The willingness of governments to stay in power, the willingness of banks to lie about their solvency. They will do this for as long as they can. But it will end. Badly.

Remember this simple axiom. You cannot spend your way out of debt. Ever. Under any circumstances. But I'll be damned if they don't keep trying, blowing ever increasing amounts of smoke up our collective asses.

1 comment:

Anonymous said...

My sentiments exactly. This good news because I don't want the real crisis to come until after the elections. This just might do it.