“With the hoax of the Mayan ‘End of the World’ fantasy and the week of extreme materialistic consumerism behind us, we can now return our focus to the events of the day and what might come to pass as we enter 2013. Certainly, there are several issues at the forefront right now, but many of the biggest issues are being buried. As we transition from 2012 to 2013, let’s take a look at what are likely to be the main themes of 2013.
1) The Fiscal Cliff Follies Show
Let’s get something straight right from the beginning; the whole idea of a fiscal cliff is a joke. It is a two-bit made-for-TV movie straight out of Hollywood. This country went over the real fiscal cliff decades ago when we blew our strategic advantages after World War II on ‘great society’ largesse. We capitulated totally in favor of greed and put into motion a sequence of events that sealed our doom before this writer was even born. For all intents and purposes the real cliff was breached when the US was taken off the gold standard because of excessive and continuous imbalances with regards to trade and the current account. The debt cycle began….”Comments »