Wednesday, October 19, 2011

Some Pictures For Your Consideration.....

Sometimes pictures do a better job of explaining what we have been writing about ad nauseum since this site was created.  Some may describe our objective view on world events as negative but savvy readers understand what we are saying.
That is correct folks......183% yield on 1yr Greek paper.    
And again, just a friendly reminder that we urge you to seek tangible assets that are not someone else's liability, especially a bankrupt government.
As the US continues to spend more than $1,200,000,000,000 more than it collects annually in taxes, remember that the difference between Greece and the US is that the latter has lost the ability to manage its money supply.  But, having the ability to print money to paper over problems is not akin to avoiding those problems.  In fact, it is only prolonging the inevitable and making the eventual atonement more intense. 

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