Wednesday, September 26, 2012

Hate to say we told ya so...

But all the posturing and pretending hasn't fixed anything. Don Dickinson and I have been harping on that simple truth since we started the Don and Doug show in late 2010. 

Europe's a bigger mess than ever right now.

And Bernanke's plan to rescue America's economy with QE3 came on the heels of the much heralded plan earlier this month by the European Central Bank to flood their economies with easy money.

Nothing's been fixed since the economic meltdown in 2008. Just more money has been flooded into the system to prop up appearances of normalcy.

I quoted from Daniel Greenfield a few of posts back:
We are buying our own debt and selling it back to ourselves and lending ourselves the money to buy our own debt in a spiral that seems beautiful and sensible to an addict, but is a complete disaster to anyone still functioning in the real world. 
There's just no way this is going to end well... or at least without lots of pain... Either in Europe. Or here at home. 

What are you doing to get ready?

Don and I will be back with another show on Friday (September 28) to hash over the latest, offer a few warnings, and give some timely suggestions for those wanting to be proactive in lessening the impact of what's coming.

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