May 16th, 2012
in Gary's blogging
All the European's and American's have to do is stop spending, pay down the debt and put everyone back to work. See how simple that is; problems solved in one day no less! Now, that you have stopped laughing, maybe one can see and begin to appreciate the difficulties that lie ahead in implementing the obvious. So no matter what is said about we are making progress, albeit slowly, everything is going to be O.K., just close your eyes and don't watch the scary parts.
How we got here in this stinking, slimy and sinking financial shipwreck is a problem just explaining it in itself. And those who caused it should be quartered and hung out to dry, but that is a problem also as it would easily quadruple the prison population. Oh, so many problems and no solutions in sight, what is one to do is the big question? Follow up:
First we make incorrect assumptions that the politicians (you elected) in charge can somehow pull off a miraculous financial reversal and we can live happily ever after. First of all, these are the same group of idiots (you elected) that got us here in the first place. These are the morons (you elected) that lied to everyone saying the ice cream wasn't melting because of the obvious hot weather, it was making a corrective action because of all the excitement of things getting better.
These are the Keynesian (you elected) whose motif of “look after the short term, and the long term will take care of itself” reigns supreme in these elected half-dimwits (you elected) The FED (Fumbling Egocentric Dullards) Chief was appointed and approved by this same group of buffoons (you elected) and somehow now you expect something different to happen this time around.
The IMF (The “I” stands for Idiot) is not exactly a direct association to US voters, but is generally run by a bunch of Keynesian moneymen. The ECB is comprised of 6 members heading the Executive Board and are appointed by the Council of Europe for 7-year terms. Again, a sad mixture of European liberals that seem to dominate the EZ landscape and dooming a real recovery anytime soon.
So when I continually read the optimistic tales of the European's or American's finding their way out of this distressing financial maze we are in by 2014 I have to shake my head in amazement. These authors are lacking any semblance of one that has any thorough financial knowledge of what is going on, who is making the decisions at best not well read.
So to make a long story short, how is this going to end? Actually, easy, but painfully; mostly in the pocket books of the lower and middle class. The international markets, banks and sovereign nations will crash, fail, and or default, hopefully not all at the same time. At this juncture, the politicians, banker CEO's and heads of states will be able to point fingers and blame everyone else except themselves resolving a face saving solution.
Now that the 'obvious' problems are solved, the markets reset lower and the banks and several nations go about business as usual having done away with several convenient scape goats. All to once again endure more pain as greedy politicians, DaBoyz and other ponzi schemers enter the scene to set up shop as history goes about repeating itself.
Oh yes, how is this mess really going to be solved? Sorry, I don't have a clue as it is way above my pay scale, but my scenario above is as good as any I have heard. I just wish this was just a fairy tale so when we finally grow up we may remember some of the story as something funny that happened a really long time ago in a galaxy far, far away.
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Written by Gary