“Just like with communism before, it doesn’t matter how many millions of people that suffer, all that matters is ‘the dream of a united Europe’”

~Nigel Farage

Click for Audio Interview with Nigel Farage

Me: I’m still amazed after countless examples of the failure of government, people still want more of it. Europe is an example of government that tries to “take care of” everybody. What is the result? As Margaret Thatcher said of socialism, “the problem…is that eventually you run out of other people’s money.”

The answer from our economists, college professors and other ‘educated folk?’

Continue to Borrow and Print. . Let’s spend, borrow more, and print. Simply genius.

Eventually, discipline will come to the USA from the bond and currency markets. The problem with borrowing and printing is that it “works” until it doesn’t. At that point the problem is irreversibly and infinitely larger than it would have been if we just took our proper medicine in 2008.

There is a storm coming but preparing for it is a challenge of timing as much as it is of vision.

Storm Coming; Source: NASA

Some point soon, the market is going to have to fully reflect some of the obvious realities that are these:

• Europe putting off deciding to become a full-blown money printer like the USA
• Japanese money printing hitting warp speed
• Corporate earnings tiring and flattening out
• Demographic challenges in Western nations
• Slowing emerging markets (but still growing)

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