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(The Year 2012 In Review)
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|User Info||What, You Mean It Works?; entered at 2012-06-07 07:57:32|
Registered: 2010-06-25 Maryland
Ride the rally to June 19th and then sell. I would look for some corporate bond purchases this time around in the QE mix. |
I'm getting the feeling, the EU is going to punish the periphery until they cede independence. Krugman is just the academic sucker at the poker table talking about GDP. This isn't about economics, its about manipulating the situation to gain political control in Europe. The Germans, EU and the IMF are going to take each of these countries to the edge of the cliff and then take control. Who cares about the debt if you get control of the assets.
BTW- the United States was founded the same way, many states had huge debts and major bills to pay after the revolutionary war. The debt was transferred to the federal gov't and the states ceded independence to the republic, once you check in you can never leave. They don't teach that in history class. Huge Debt = loss of independence. Look at the results of our big spending the last decade and the results. The federal reserve holds almost every mortgage in the country, homeland security can listen to all your phone calls and monitor your web surfing, Obamacare is going to ration your healthcare eventually decide your diet for you and you can be designated a terrorist and be detained indefinitely. 41% of the US population is receiving a gov't check or benefit, not long now.