Wednesday, December 8, 2010
The Capital Markets are Tanking. Biggest Sell-Off of US Treasury Bonds in 2 Years
Is it any wonder that the capital markets are tanking? Printing Press Benny has flooded the world with US Dollars and now the US Taxpayer is going to have to pay for it. The insatiable spending habits of the US Federal Government is collapsing the economy, and I'm not just saying that for effect. Look around, it's happening before our eyes and thanks to the government school system, most Americans are too stupid to see it. OK, maybe that was a little harsh, but there has been a deliberate dumbing down of American "public school" students for the last 40 years. The founding documents are only barely discussed in schools these days. and with something that important ignored, how much economic do you think are taught? It's no wonder that the vast majority of high school and even a lot of college graduates can't even balance a check book. With an education like that how is that generation of Americans supposed to produce policy makers with the ability to operate and entire economy? Not possible.The upside to all of this will be the return to an absolutely free market economy. It will evolve out of the black markets and barter system that will spring up after the collapse.