by John Galt » Sun Jun 14, 2015 10:54 am
expansions of economies generally do not last more than 10 years. but we're just getting started. 2017 at the earliest for recession i think
a grexit wouldn't be bad for the euro area now. i think everyone's accepted it. greece will go bankrupt and default on everything, create a new drachma and be able to boost exports and their tourism industry as a result. i think it's good for greece... the entire idea of the euro is fantasy. on their bills they have utopian pictures of things that don't exist in real life. utopia means 'nowhere' in greek. it will eventually crumble, because unlike america where labor can move much more freely these separate countries have language and other barriers
hyperinflation? no.
jade helm 15? where else should american troops run drills? i don't understand why anyone thinks its "martial law" to have soldiers running drills in american territory
Americans learn only from catastrophe and not from experience. -- Theodore Roosevelt
My life has become a single, ongoing revelation that I haven’t been cynical enough.
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