WC Varones

Don't lend your hand to raise no flag atop no ship of fools

"Economic suicides" sweep Europe

Here in the U.S. we have Greenspan's Body Count, those whose lives were devastated by Fed-pushed excessive debt and economic hardship in the aftermath of the bursting of Greenspan's bubbles.

Greenspan's Body Count is largely the result of excessive private debt. In Europe, a new epidemic is the result of excessive public debt. Washington Post:
The double suicide, in a working-class neighborhood in the Greek capital in late May, is just one incident among thousands of suicides this year that have shaken European societies as mounting job losses, cutbacks in public services and shrinking government pensions due to the continent’s financial upheaval take a toll on mental health.
Heckuva job, central planners!

P.S. Don't look now, but the U.S. just passed 100% debt/GDP and we're still running 8% GDP deficits. Anybody speak Greek?

2 comments:

Anonymous said...

Anybody speak Greek?

I'd like to see some banksters forced to speak Greek behind bars.

Left Coast Rebel said...

I'm learning Spanish - with a heavy Tican dialect.

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