I'm not sure who said it, but I remember hearing some where "Newt Gingrich is what a dumb person thinks smart people sound like" or something to that affect. We're so far gone, it doesn't matter. Once the rest of the world quits allowing us to borrow; us, and anyone we owe money to is going to be in for a rude awakening. I don't think anyone can fix that, the only thing they can really do is quit making it worse by putting it off and pretending it isn't going to happen. First the sub-prime, now euro zone. They're all results of reckless lending and investment that is being subsidized through the printing presses. In time I think we'll see that the MF global fiasco is going to negatively impact the the commodities market on a huge scale (more so than already). Shit is in shambles, but all people care about is who cheating on their wife or who should have to pay more taxes. Shit is ridiculous and its all coming to an end here in the not to distant future imo.
TL;DR - Doesn't matter, we're fucked regardless.
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12-03-2011, 09:05 AM
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