posted on 01/22/2013 9:17:24 AM PST
A perfect storm is approaching.
posted on 01/22/2013 9:24:09 AM PST
Coming soon to a country near you...
It seems to me that in the past week or two, a awful lot of the financial pundits have been filled with happy talk. Everything is good. Everything is looking up. We've solved all the problems.
I am unconvinced.
posted on 01/22/2013 9:30:18 AM PST
(Nothing will change until after the war.)
Good thing I don’t live in Spain. Thank heavens Obama has saved us for a similar fate. /sarc
This _resident has created and shot passed my breaking point in so many ways. I’m just waiting for a movement. A state secedes etc.
posted on 01/22/2013 9:36:39 AM PST
(Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
"I keep wondering when the breaking point will hit Spain."
In 1936, my family, headed at that time by a Spanish supreme court justice, awoke one morning in their grand house with cooks and servants. By nightfall they were fleeing for their lives with nothing but the clothes on their backs. It can happen just that quick, but Spain has a long ways to go yet, before another military uprising or civil insurrection. At this juncture, we're just beginning to see the ears of the wolf in the distance. Or, as my mother would say, "Podemos ver las orejas del lobo." "We're in great danger."
posted on 01/22/2013 10:18:11 AM PST
(WILL WORK FOR AMMO)
People should keep a close eye on Japan, too.
Government debt is more than two times GDP.
Their GDP in 2012 is actually LESS than it was in 1992.
Almost one half of their $1.1 trillion budget next year is borrowed money.
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