I am waiting for developments.
Europe is constantly less stable.
Exponential growth is not sustainable.
Borrowing to support debt such that the debt is growing is not sustainable.
The condition will soon destroy any monetary system.
The Euro will break.
I do not know when.
The U.S. must collect taxes sufficient to shrink the debt.
It need not do so now. It may not even be soon.
The burden must rest on those best able to bear it.
That or we murder the weak and the unlucky.
We cannot tax external producers.
A balance of trade is required. We must sell as much as we buy.
These conditions are not self regulating.
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