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Forum Post: The Slow Creep of Collapsing Economies in Europe gets Closer to the USA

Posted 2 years ago on May 31, 2012, 7:09 a.m. EST by hchc (3297) from Tampa, FL
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Here's another article on Spain, a HUGE economy to be going underwater: http://www.zerohedge.com/news/spain-bankia-down-who-next

Too many tax breaks at teh top, along with too much spending on the rest, (and here combined with a brutal war machine) will lead to the west finally falling from a top the perch.

All good things need to come to an end. Hopefully this happens easily. Im not so sure of that, though. We need to start thinking long term, and what is really important to us as individuals.

What do you value the most in your life?

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[-] 1 points by Mac10Carthy (2) 2 years ago

The terminal illness afflicting Europe, and soon America, has little to do with tax breaks etc. It has to do with the fact that the money system is fatally flawed. Just watched a really good discussion between Max Kaiser and Hugo Salinas Price that cut right to the chase. Without anything to back it up fiat money is just worthless paper. Interestingly the arguments laid out by Price echo, exactly, the thoughts captured in a book I wrote last year which, out of respect for the spamming rules, I will not name.