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mwozniak
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Austerity Offers Europe their Only Hope

- Michael Pento - Delta Global Advisors

Let the Keynesians have their day in the sun while we stand in our hole in the ground full of money. They'll find out in due course the heat they feel on their faces is from the nuclear detonation of their
financial systems at which time we can emerge to recapture productive ventures and restore sanity.

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Beginning of the headline : The prevailing view amongst Keynesians is that the austerity measures being taken in Europe to prevent a complete currency and bond market collapse is the cause of their current recession.But blaming a recession on the idea that an insolvent government was finally forced into reducing its debt is like blaming a morning hangover on the fact that you eventually had to stop drinking the night before... Read More

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