Governments are just
going broke, by Martin Armstrong, 10/1/18.
The events in the
Senate concerning the nomination of Brett Kavanaugh’s illustrates that career
politicians are destroying our way of life because they are so intent on just
beating the opposite party that nobody is paying attention to the real problems
we are staring at straight in its eyes. We face a very dark future because
there is nobody home in government. They are indeed like the old Pink Floyd
song – Comfortably Numb! Is there anyone in there? Is anyone home?
In Canada, a report
has come out and made it clear that the “wolf is truly at provinces’ doors”,
which is warning that the Canadian provinces’ fiscal position, collectively, is
not sustainable over the long-term. They will raise taxes further and
desperately punish all of us for their mismanagement and failures. They have
destroyed our future and they will NEVER prevent a crisis because they ignore
everything that is common sense.
I have tried very hard
over the years to address the issue and show them this is a disaster that a
4-year-old with a pocket calculator can forecast. There is NO WILL to change
and the parties are at each other’s throats so there can never be any
bipartisan cooperation to save our future. We just have to Crash & Burn.
The political system is simply incapable of actually managing the economy with
career politicians for they are more interested in defeating the opposition to
retain their jobs. We come last on the list of considerations.
As interest rates
continue to rise, we are facing the crisis of all time. The central banks must
“normalize” interest rates for the entire pension system is going belly-up.
This is pitting fiscal policy against central bank policy. Government around
the global have enjoyed the lowest interest rates in 5,000 years. They never
reformed but spent even more. These two policies are now going to confront each
other going into 2021.
Norb Leahy, Dunwoody GA
Tea Party Leader
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