Numeracy.. and the lack of

Numeracy is defined as the ability to reason and apply simple numerical concepts.. says Wikipedia. A numerically literate person can manage and respond to the mathematical demands of life....and....that the lack of numeracy or innumeracy can have a negative impact if the skills are absent.

The nations debt has jumped $1Trillion  for the 5th straight year in a row...now running $3,699,744,466 billion per day......

The simple fact for those not willing or able to understand what is happening....this government debt being issued will never a) be repaid in current valued currency b) or in Euro lands case be repaid.

A record 41% of (legal) Americans pay no federal income tax.....more people each month now sign up for social security disability checks than are newly employed. And a record  46 million people or 14.8% of the American population is now on food stamps...growing by over 400,000 more per month....yes, the press reported this week the nations leadership is "seeing change."

On top of the water shortages....the Washington Post reported that the world must produce the same amount of food in the next 40 years as it has in the past 8000.

To date, there is not one single city in China that provides safe tap water to all its residents.

The new French soccer player's contract will pay him 14 million euros per year......then the new French income tax rate now 75% kicks in and any time he buys anything or spends what is left....he is paying an additional value added tax (VAT) of 17%.....So he will will get to spend only 8% of what he makes. And now the politicians state that he is over paid and want to change the rules and laws again!

Additionally, the elites in Europe are talking about...new out right asset taxes....before you even earn it or spend it!

What we are witnessing and nobody is talking about is the final throws of socialism....it is not working in Europe...it will not work in America...and those supporting this nonsense will only hope to be able to access food stamps in the years ahead because of their innumeracy.

Cash and bonds and most currencies go down in value going forward ....and very select equity benefits from the new cycle we are entering long term.

Danny Boy seen here spotting in the morning sun for the water skiers.