The Black Hole Approaches
First read this Bloomberg article and this very brief piece from Seeking Alpha.
Then read the latest from Evans-Pritchard in the Telegraph.
You do understand that you, your children, and your grandchildren are being beggared not only to pay for utterly unsustainable domestic entitlement programs, but also to keep European banks afloat, don't you?
You also get that the 30 trillion Euro (~$39.1 trillion USD) liability figure cited above by AE-P will be backstopped, going forward, in large part by the remaining productive American taxpaying suckers such as you and me, right?
And finally, you do know that we moronic American serfs will receive exactly cock-a-doodle-doo in exchange for this transatlantic thievery, ja?
So what are you going to do about it?
Write a letter?
Make a phone call?
Wave a protest sign?
Cast a vote?
How's that working out for you?
Even more importantly, how's your tactics thus far working out for your children and grandchildren?
Do you understand yet?