Monday, December 3, 2012

There is no "Fiscal Cliff"

There is no Fiscal Cliff.    I call it the Farcical Cliff. 

The world will not end on Jan 1, or Dec 21 for that matter.  

Governments will not stop spending or printing.    Budget cuts will be a joke, based mostly on far in the future projections, not next year.   That is how the Economic Hit Man operates. 

Taxes will go up, count on it. 

The whole Fiscal Cliff is simple imagery meant to get the masses ready to accept pain.   No one wants to accept pain early, delay as much as possible.

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Insightful and Useful Comment!