Saturday, May 19, 2012

People will die

As predicted the DOW went negative for the year. With governments using their enormous, over-bearing power to throw their weight around to protect their debt it's just impossible for a normal guy to make any money. Most of us are lucky to earn 1.5% on stocks and 3% on salary income while inflation runs on the high side of 3%. We're all going in the hole year-over-year.

Greece is finished no matter what happens. Spain is right behind it and the aggregate will drag the world economy into some collapse at some point. No one knows what anything's value really is at this stage of the game. The central banks have propped up the old system for far too long. Sooner or later the entire rotten lies will emerge. Stocks, pensions, social security and welfare will collapse. People will die.

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