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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (96370)	11/7/2012 12:36:17 AM
From: carranza2	1 Recommendation Read Replies (2) \| Respond to of 219465

Indeed. ZH with a lot of input from Da Squid: zerohedge.com What does it mean? My take: No matter how sliced diced, a very, very good chance of at least 1% hit to GDP, enough perhaps to send us into recession. Yes, that's what happens when you finally are kicked screaming and bitching into paying debt. But wait, what will Bernanke and Krugman and other assorted moronissimos do and advocate? You already know the answer. And you already know the solution. With grateful hat tip to Mulholland Drive: "A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years." ~ Alexis deTocqueville