Quick Update

A couple of weeks ago the Austrian government declared that 60% of their sovereign debt was illegal laying the ground work for default. Today was the day they started to default. This is the exact same country that started the debt default crisis back in the late 20s and early 30s. Is this the signal for things to come ? It's something to think about. By the way, on the article about tappering by the Fed, I forgot to mention that the Fed isn't really tappering anyway - in the past few months they have bought almost a quarter trillion in U.S. Treasury bonds through I think Belgium, off the books of course, no reporting. The Tapper looks good to the U.S. population but it is clearly more manipulation.