The Economy is on The Ropes and Going Down

The Fundamental Issue is this: you can’t solve a problem rooted in too much debt with more debt. It just doesn’t pencil out. Yet we now see that both Europe and the US are busily conceding to banker demands and coming up with all manner of fancy schemes to hide the fact that what is happening is simply that old debt is being replaced with new debt. http://www.zerohedge.com/news/guest-post-economy-ropes-and-going-down