As has been stated more than a few times here, the 1% (and, for sure, the .1%) intended (and still intend) to crash the global economy even further than they have so far. What's a more risk free return on capital (cash) than deflation? And what was reported yesterday? You guessed it, the Eurozone contracted. Significantly. This is The Guardian's take on the situation.
So, Mr. Red Neck-Voter out in God's Country, you can continue to vote to feather the ever expanding nests of those who have declared war on you and yours, or you can wake up and smell the napalm. Buffett told what is going on. He's smart. Listen to him.
15 August 2012
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