Friday, December 2, 2011

Europe, Debt, and the Keynesian Jag-Offs

Merkel says fixing Europe's debt crisis will take "years".

Madame Prime Minister: It will take years??!! That's if you are lucky. If you are not, it might fix itself over a long weekend.

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If you are an equity investor you really gotta ask yourself: What is it that the Bond market sees that you don't?  I spent an entire morning earlier this week looking around for short term U.S. Treasury paper without a negative yield... why do you suppose that is?

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The U.S. economy and the American worker simply cannot afford the level of "payroll tax". The "payroll tax" is insufficient to support and maintain the solvency of the U.S. Social Programs. If you have read my older stuff, well, this is EXACTLY what I have been saying since the day I started this blog. It does not matter what you think, or feel, or wish... the numbers matter... and the facts on the ground say that these programs will be cut so deeply that they will resemble "defaults" on promises far more than cuts in benefits.

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And finally... anybody besides me realize that any "bailout" of Europe by the Fed will be at the expense of American Taxpayers?

7 comments:

Anonymous said...

Welcome back.. Its good to see you blogging here again..

Greg T. Jeffers said...

Thanks. I missed my daily release of curmudgeon-ing...

kathy said...

I left a post but I don't see it here. I wanted to welcome you back as well. I was afraid you were ill.

Greg T. Jeffers said...

I'm am well Kathy. I had some very pressing obligations that have resolved... "sometimes it just be's that way"...

I am glad to hear from you and have much to share with you re: homesteading. We have quite gotten the hang of it!

kathy said...

It is a pure pleasure to realize that I pretty much eat a 5 mile diet. It's actally be closer to 2 miles most of the time. One thing our sustainability group is working on a is mobile butchering truck. Right now, the closest USDA certified butcher is an hour and a half away. That's not so bad as we only have to get there a time or two a year but it won't work in the long run. My place is too small to raise all my protein. We do pigs and chickens but we get our beef from a kid I use to babysit for. He can't sell it to me unles he goes the USDA route. We'll be growing grain for the first time in the spring. That was a big hole for us. What is working best is to do this as a community. We provide all the honey for our group. My neighbor keeps us all inexcellent cow's milk and another neighbor has the grant done for a cheese facility for our goat milk. We have a group cider press at my house. Bruce just completed the cider house and we pressed 300 gallons this year. We have an excellent seed bank estabished. I'm in charge of Oregon Sweet Meat Squash seeds. Are you doing much seed saving? It is both art and science but I'm learning. Screw you, Monsanto.

Greg T. Jeffers said...

We save our own seeds, and it has been working. Wish we had more like minded neighbors in the community.

A funny thing happened on the way to the USDA... At our local farmer's market the vendors have been selling fresh milk, cured bacons and hams, and other meats... I asked them if they were USDA inspected and got a "f*** the USDA" response... -:)

Stephen B. said...

If this were Facebook, I'd have "like"'d that last "F*** the USDA" comment for sure!