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    #16
    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.

    Comment


      #17
      The main reason why someone like Ron Paul could not win an election today is that most Americans, like Canadians and Europeans and citizens of many countries around the world, value their government entitlements more than their freedom or their ability to progress economically. Despite the catastrophe enveloping Europe, no political leader there wants to challenge the welfare state mentality in a significant way. They would rather watch their economies run into the ground than admit that government entitlements have become outrageously expensive and unsustainable. Political circles on this side of the Atlantic are dominated by much the same thinking. All that's different is the timeline by which this disastrous situation unfolds.

      Comment


        #18
        A really solid-thinking post, liberty, and well-
        expressed. Pars.

        Comment


          #19
          A really solid-thinking post, liberty, and well-
          expressed. Pars.

          Comment


            #20
            Expect a global coordinated qe announcment.

            Comment


              #21
              They have a debt to income ratio of 7:1. Current
              debt to taxable income, with no plan or solution to
              fix. Only solution at this time is QE3, print more
              money

              Comment


                #22
                They have a debt to income ratio of 7:1. Current
                debt to taxable income, with no plan or solution to
                fix. Only solution at this time is QE3, print more
                money

                Comment


                  #23
                  the time for ron paul was the 1980 election. this has gotten way beyond his ideas now. after things crash then there'll be room for his solutions.

                  Comment


                    #24
                    I gave up on Amerika when they reelected
                    BUSH fer a second term while fightn terror
                    in Iraq. Amerika's repubs are soooooo
                    scared of the bogey man, they may go
                    ballistic given another chance!!!!!

                    Comment

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