"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Wednesday, December 1, 2010

The Era of Debt Denial is Over

And these clowns are going to usher us into a new era...

Social Security, Income Tax Cuts Part of Debt Plan  --Bloomberg

Honestly, this reads like a jumbled, confusing look into a group of lifer politician know-nothings flapping their gums about how to fix the unfixable. 

Some cartoon named Alan Simpson:  

“We sign our names to this plan because we love our children, our grandchildren, and our country too much not to act while we still have the chance.” 

Yes Alan, you love your children and I love mine.  But it is you guys that borrowed inflated dollars to the high heavens in a myopic and systematic way, bringing us to this point.  All I ever did was run a productive business, pay my taxes and learn how to manage the financial markets as a way to defend myself from you, and from the rapidly diminishing prospect of ever having a lifetime of Social Security taxes paid ever come back to me in the form of benefit.