"Inevitable"

Standard and Poor's warning came just days after MS asserted that the U.S., along with a number of other developed nations, is likely to default on some debt. Such defaults are "inevitable", they said. Wrote IBD recently.

We keep reading about deflation...we can't find one expense we have as a family that is going down...food, insurance (all kinds), travel, education, taxes, clubs, sporting events...so what is deflation??? A media stunt?

What is gold? It is a global currency with no liabilities attached to it.

CS recently wrote: "One of the metrics that people use when they are considering retirement is to calculate what amount of savings they need to be able to buy a reasonably safe portfolio of fixed income investments that will generate enough income for them to live in the manner that they desire. Assuming that you want to live on say $100,000 per annum in your retirement you now need to buy $26.7 million of US Treasuries (2 year notes) to get your goal."

This math is also destroying the nations endowments and pension funds......

50% of US debt now rolls every year...

We read the other day a fascinating article written by a foreign news correspondent....suggesting the only way this countries leadership could be acting the way they are is if they had no intention of being reelected for another term....we agree...this could now be the only explanation possible...and certainly makes sense.

Remember..lawyers are not trained to lead or run anything.....that is not part of law school.

We have yet experienced in life a lawyer running any business or enterprise.

Almost all of wdc,llc are career lawyers.

Danny Boy seen here sitting this one out.