Austerity is coming one way or another. The trick
is to think about what governments policies will
be.
If they back off and allow a more normal market
function we are going into a deflationary death
spiral.
Or they can carry on with what their doing which
is stepping in manipulating and controlling and
taxing and regulating and bailing out and
purchasing ever increasing amounts of bonds to
keep the wheels on until their term in office is up
which takes us straight into an inflationary death
spiral.
The fact that even Alberta......Alberta can't
balance and refuses to balance shows the very
clearly in my mind which path we are on and have
always been on.
is to think about what governments policies will
be.
If they back off and allow a more normal market
function we are going into a deflationary death
spiral.
Or they can carry on with what their doing which
is stepping in manipulating and controlling and
taxing and regulating and bailing out and
purchasing ever increasing amounts of bonds to
keep the wheels on until their term in office is up
which takes us straight into an inflationary death
spiral.
The fact that even Alberta......Alberta can't
balance and refuses to balance shows the very
clearly in my mind which path we are on and have
always been on.
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