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Prepare for Fiscal Doom

Dreadnaught011 Wrote: Nov 15, 2012 5:25 PM
Can't say much about Islam. But about Mexico; Mexican peons all came here to earn dollars instead of pesos, as they earned at home. Now; according to John Ransom, our dollar's in freefall and a peso is worth more than the dollar. So cheer up, OBAMA DRAMA. Soon they'll travel south where they can make better wages. YOU can become an illegal immigrant in Baja California soon!

OK, perhaps doom is too strong a word, but then again, perhaps it is not. 

In either event, 2013 is not shaping up to be a banner year for the economy. And it’s not just or even mostly because of the fiscal cliff.

Our financial system is not stronger now than it was in 2008 when it finally collapsed under the weight of crashing real estate prices that fell all the harder because they were ballasted by plenty of government guaranteed debt.

In fact, prepare right now for the Next Great Bailout. Because this time around, the federal...