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Showing posts from May 6, 2010

Economic woes will return.

There are just a handful of people who will tell it is like it is.  Most of these folks can be found on the Internet because they are not obligated by contracts or have to pretend to adhere to some corporate standard, these people simply speak from the heart without attempting to gain anything in return.  One such person, Karl Denninger is worthy of this mention.  While I do not always agree with his views regarding how to solve our problems, we seem to be completely in tune with recognizing some of the core failures.  As Europe slowly enters self-destruct mode and the ECB has finally humiliated itself by generously accepting downgraded Greek debt, it is important consider one very crucial aspect.  America is standing on the precipice of the exact same problem.  Failure to understand this will come as a rude awakening as within a relatively short time our financial, economic and civil health suffer another tremendous blow.  For those still long in their 401Ks, those investing into th