by Louis James, Casey Research:
L: So Doug, you’re off to FreedomFest 2012 shortly, where people will be able to hear your latest thoughts on many subjects. Maybe you can give us a sneak preview on whatever is uppermost on your mind today.
Doug: FreedomFest should be especially outrageous, since I’ll be tag-teaming with my friend Jeff Berwick of the Dollar Vigilante for a featured lunch. I’m not sure exactly what topics we’re going to discuss, but I hope we aren’t prosecuted for breaking too many federal, state, and local statutes at one sitting.
Anyway, lately I’ve been thinking about the EU’s rising tide of troubles. We talked about this last January, when I said it was coming, but it seems to me that at this point it’s rapidly coming to a head. A major financial and economic catastrophe in Europe is unavoidable. From there, it’s likely to spread out to the whole world.
L: I fear you’re right, but the latest headlines have it that the EU bigwigs are taking measures to make it easier for Greece’s new pro-bailout government to honor its austerity obligations. Doesn’t that mean the EU has dodged the bullet for now?
Doug: As far as I can tell, they’re doing absolutely nothing except print up more currency, in hope that will move the problem further into the future, when a deus ex machina device will magically appear.
No comments:
Post a Comment