I am not a fatalist; I also happen to have strong convictions when it comes to standing for what is right and telling truth in times where it is considered treason (or at least 'tin foil hat wacko).
Look at Europe and youth unempl. rates and the implications not just economically, but also in terms of morals and values that become relativized and decayed when there is socialism. And they haven't even gone through any real austerity in terms of actually spending less than they are producing. Then again, at least there is an acknowledgement of a problem there, whereas in America people are still partying as though $17 trillion in debt and unfunded liabilities that dwarf that let alone city pension ponzis about to explode at some point. European nations need to regain sovereignty and defect and go on the gold standard. The solution is not to just print more, say, drachma. Default has to happen; reality is spent too much, and lenders to them have to pay the price for doing that. Things are not 'fixed' just because Draghi will do 'whatever it takes'.
I have my own life to live but I am not oblivious to the bread and circuses.
Look at Europe and youth unempl. rates and the implications not just economically, but also in terms of morals and values that become relativized and decayed when there is socialism. And they haven't even gone through any real austerity in terms of actually spending less than they are producing. Then again, at least there is an acknowledgement of a problem there, whereas in America people are still partying as though $17 trillion in debt and unfunded liabilities that dwarf that let alone city pension ponzis about to explode at some point. European nations need to regain sovereignty and defect and go on the gold standard. The solution is not to just print more, say, drachma. Default has to happen; reality is spent too much, and lenders to them have to pay the price for doing that. Things are not 'fixed' just because Draghi will do 'whatever it takes'.
I have my own life to live but I am not oblivious to the bread and circuses.
