Raoul Pal: "It is the big RESET. From a timing perspective, I think 2012 and 2013 will usher in the end."
"The End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation Ever?
Posted by Tyler Durden
Extreme? Well, Warren Mosler said something similar on December 2nd, 2011, in DC takeaway. (h/t Roger Erickson via email)
So from what I can see, there’s no chance that the ECB would fund and at the same time mandate the higher deficts needed for a recovery,In which case the only thing that will end the austerity is blood on the streets in sufficent quantity to trigger chaos and a change in governance.