Monumentally stupid – from the Financial Times:
The eurozone debt crisis is about to enter a critical phase as governments prepare to step up borrowing in the capital markets to fund their faltering economies.
Some strategists are warning that some of the weaker economies could fail to raise the amount of money they need as eurozone governments attempt to issue double the amount of debt this month compared with August…
The debt is the problem, and here come the governments of Europe with their “solution”: More Debt! It really can’t get any more through-the-looking-glass than this. These are people – the European elites – who are just blindly stumbling around, clueless as to their peril.
Our problem – a lot of our ruling elites are just as stupid. We simply must make major changes in November.
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