Quo Vadis? We are standing on the edge of a cliff in the middle of nowhere. We must ask our politicians a very important question - Quo Vadis? (Where are you going?) To date, the answers have been more of a riddle, or in Latin â lucus a non lucendo. In other words, we get a paradoxical explanation that is of something that is the opposite of what it suggests. What we must fear the most, is also what the Romans called â lex talionis - the law of retribution. We must now also ask, quis eustodiet ipos custdes? (who shall guard the guardians?) Martin Armstrong 3/2009 http://www.contrahour.com/contrahour/2009/03/martin-armstrong-is-it-time-to-turn-out-the-lights.html
Polls around the world have consistently shown that voters want lower taxes, better government services, and a nice state-funded pension - all at the same time. Voters will get a real-world lesson in basic arithmetic in the coming years.
Absolutely, because they're going to get much higher taxes, less and worse government services, and no state-funded pensions anymore. In addition, the new 'normal' (i.e. 'full' in economic-speak) employment rate will be a weak European nation-state like 12%, or so.
Are you the same Martin who writes about goldman conspiracy theories? Awesome! I love your newsletter!