Even a few months ago what Dennenger is proposing for our own national economic disaster would have been considering
bazaar.
Well maybe someway adaptable to the land of Euro PIIGS. But not here where not paying debt in any form and even those bordering
or actually criminal was considered right up their with mom and her apple pie.
But today the situation has more than fast forwarded to the status of a board game and not even Park Place is safe
from the auctioneers block.
That's the practical of how are we going to wiggle out of the national bus ride to hell.
And don't think the bus will be leaving tomorrow and from any designated suburbs.
And so much for disclaimers, And since the game was fixed from the beginning and with the suckers defined even before
the dice where shook. What Dennenger is proposing is being seriously considered by those floundering but still have their heads above
water.
And for those who where already jettisoned from the entrails of the so called 'middle class' they sanely have given up hope of ever being more than
marginal renters.
Dennenger makes the significant point that this is really a mute issue for the banks as banks are boxes which sell debt and of course pass it along
and in this case to the retiree's who are numbers in employee pension funds. And if it isn't extracted in that way it will appear as further cuts in
government subsidies entitlements.
So getting clear of the twin towers seemed safe at the time but then the residual problems became apparent. And this is what is now happening right here
on main street.
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