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The Roof Is On Fire – The Market Ticker ®

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The Roof Is On Fire – The Market Ticker ®: “The Roof Is On FireThe Market Ticker ®
Thursday, May 20. 2010
Posted by Karl Denninger in Editorial at 09:04
The Roof Is On Fire

The Euro Zone is in serious trouble, and Britain and we are next.

The game’s up folks.

Many people talk about us ‘printing’ money.  Indeed, there’s a large brokerage that runs advertisements on CNBS with that exact claim, over and over and over.  Ron Paul and Peter Schiff have run this mantra for years.

This chart says something else entirely:

THERE HAS BEEN NO PRINTING GOING ON!

No, what’s been happening is worse. 

Worldwide governments have borrowed and spent huge percentages of their GDP in a puerile attempt to protect a criminal class that has looted the public and bribed the legislature – THE BANKS.

There was always a point where this would fail, but it is flatly impossible for anyone to know exactly where it was beforehand.

But mathematically, there was a point where it would fail.

The gamble that Bernanke, Trichet, Obama, Bush, Paulson, “

(Via .)

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Written by gloege

May 23, 2010 at 20:09

Posted in Uncategorized

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