Wake Up Call – 05/14/12

Worldwide Descent Into Depression

Let’s see: I talk about Greece, Spain, Europe in general, California, China, The Mythical Land Of Us, the BRIC countries… all slowing down economically, all suffering from a surfeit of debt. Unfortunately, there are no solutions. It is a worldwide meltdown. California’s budget problems markedly worse than projected by the Governor in January. More cuts, more layoffs, higher taxes, a stampede out of California… very grim.  China’s economy is now slumping. A telecommunications provider which shields its customers from surveillance. Joaquin “El Chapo” Guzman, head of the Sinaloa drug cartel in Mexico, thanks the U.S. for making sure that drugs remain illegal. How the banks are gaming the system to stabilize housing prices (keeping them off the market). Ridiculous insurance/hospital billing scenarios.

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