We all know our government is grossly mismanaged, that this administration has no clue until it is published in the news, so it makes it kind of easy to figure out what Obama will do next - follow what the Euro Zone or the IMF or the UN are doing. When something happens like Benghazi or the flooding of the Mexican Border he can't follow anybody so he does nothing, pretends he didn't know, makes something up to cover up his lack of action. Well this week there is something happening at the IMF ( International Monetary Fund ) and you can bet the lost puppy will follow the head of the IMF home. Christine LaGarde, the head of the IMF, has released working papers that say when countries have deficit problems to avoid default they should nationalize pension plans as a way to gain capital and call it an investment in government. They should levy a one time wealth tax of 10% and call it the price you pay for being wealthy and to extend the maturity date of government bonds so they don't have to pay the principal. All it takes is one more drop of rain to break the dam - could this be it ?
Sunday, June 29, 2014
What's next ?
I do these little editorials on this blog ahead of videos or audios about the progress on different projects Barb and I have going on to make our retirement more enjoyable and prosperous. The reason for the editorials is that it is the only warning you are going to get for when things change - not for the better. You will wake up one morning and enough will have changed that it will affect every aspect of your life. No one can tell you what will trigger the events that will unfold but everyone is in agreement that it won't be good. Barb calls it anticipatory dread, I think it is good common sense to be prepared for mid range eventuality, some place between hyper inflation and complete Armageddon. I track a lot of stuff every day, mostly economic data, before I go to work and then again at the end of the day to see what the politicians have messed up during the day. I've done this all my life because it is paying attention that has been the difference between going broke or remaining in business.
We all know our government is grossly mismanaged, that this administration has no clue until it is published in the news, so it makes it kind of easy to figure out what Obama will do next - follow what the Euro Zone or the IMF or the UN are doing. When something happens like Benghazi or the flooding of the Mexican Border he can't follow anybody so he does nothing, pretends he didn't know, makes something up to cover up his lack of action. Well this week there is something happening at the IMF ( International Monetary Fund ) and you can bet the lost puppy will follow the head of the IMF home. Christine LaGarde, the head of the IMF, has released working papers that say when countries have deficit problems to avoid default they should nationalize pension plans as a way to gain capital and call it an investment in government. They should levy a one time wealth tax of 10% and call it the price you pay for being wealthy and to extend the maturity date of government bonds so they don't have to pay the principal. All it takes is one more drop of rain to break the dam - could this be it ?
We all know our government is grossly mismanaged, that this administration has no clue until it is published in the news, so it makes it kind of easy to figure out what Obama will do next - follow what the Euro Zone or the IMF or the UN are doing. When something happens like Benghazi or the flooding of the Mexican Border he can't follow anybody so he does nothing, pretends he didn't know, makes something up to cover up his lack of action. Well this week there is something happening at the IMF ( International Monetary Fund ) and you can bet the lost puppy will follow the head of the IMF home. Christine LaGarde, the head of the IMF, has released working papers that say when countries have deficit problems to avoid default they should nationalize pension plans as a way to gain capital and call it an investment in government. They should levy a one time wealth tax of 10% and call it the price you pay for being wealthy and to extend the maturity date of government bonds so they don't have to pay the principal. All it takes is one more drop of rain to break the dam - could this be it ?
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