Here is an excellent overview of the genesis and state of our greed>debt addiction, which isn't the same thing as capitalism. Well worth reading and thinking about.
http://www.zerohedge.com/article/guest-post-two-decades-greed-unraveling
The $.64 question is, will we have continuing deflation (possibly severe) or will the central banks' tireless print-more-money efforts take us straight to high inflation? Being wrong on this bet could cost savers/investors a tremendous amount of their net worth and purchasing power.
No comments:
Post a Comment