Mr. David Stockman is being heard. This eloquent, accomplished and well informed man has not only outlined the grave intractable monetary and fiscal predicament staring down at us like a cocked and loaded double barreled shotgun, but also has identified the obstinate culprits who refuse to face that very real reality. No matter how delusionally determined a nation is, it simply can not spend and print its way to prosperity, same as it ever was. Lamentably, for them and for us, the ill-considered course our financial authorities and policy makers have set sail for will inevitably bring us all face to face with a disastrous economic maelstrom of monumental magnitude. The die is cast, or as my cousins would say; Les jeux sont fait. zerohedge/news/2014-11-09/myopic-domestic-delusion-or-planned-monetary-demolition
Posted on: Sun, 09 Nov 2014 17:22:50 +0000
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