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Prepare for Fiscal Doom

Original Saepe__Expertus Wrote: Nov 15, 2012 7:29 PM
"Name one constructive thing that Europe has done in the last hundred years. " I'll take a stab at that. The NAZI regime caused huge numbers of European physicists to come to work in the US...on the Manhattan Project. Fermi, Oppenheimer, Einstein, numerous others....
Dreadnaught011 Wrote: Nov 15, 2012 8:47 PM

However, Clyde;

The same Nazis killed off the flower of their German youth in the millions. The gallant sons who died for Hitler's Third Reich may well have included a boy who later on could have discovered the cure for cancer and any number of diseases. He never had a chance.

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...