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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.33+0.7%Nov 18 4:00 PM EST
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To: THE ANT who wrote (80142)9/23/2011 1:21:05 PM
From: John Vosilla  Read Replies (1) of 217860
 
'Why should nurses aides making $10 an hour be driving an SUVs or Lexus to work.So what if Joe six pack cant retire at 62 and live selfishly on the streets of Fort Lauderdale?Since when should a Federal Government worker make 30% more than the private sector?Why should a Art or History major not be driving a cab?.You see there is no solution other than the return to lower wealth.I recently read that if the top 10% of the US population paid 100% tax rate it would not cover 30% of this years deficit.Again it is game over.The wealthy in the US can do little to offset their coming pain much less that of others just as the Germans will not be able to bail out the PIGs and even then will have to accept their own lumps.Is this not obvious to all?Can 100% over valuation of assets in the developing world as of 2007 be resolved in a painless manner.Again Brazil did nothing great.It was not invited to the credit party just like a person who misses a plane that later crashes.Inflation can only shift wealth from one group to another and not increase the pie.Easy money from the Fed can only distort and lower GDP while holding off the pain.Is this not obvious?'

Many excellent points. Obviously no one at the debate last night outside of Ron Paul saw any of this coming so how can they have a solution?

But neither did this old 'friend' of ours in 2006. 'Dont you remember the call of no housing bubble'?

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