I see few who claim to be on the right side of the bell curve who are actually on the right side. IMO the only significant difference been ‘right’ and ‘left’ these days is the volume and the velocity of the hand basket to hell. The entire western world is so deep in debt and committed to so many trillions of unfunded, future liabilities that nothing short of extreme austerity can avoid the chaos and unknowable consequences of a abysmal depression. The global banking system is over leveraged beyond recovery. Entire nations have become too big to save. I have little confidence that either the politicians or a majority of the people are willing to take the 40% cut necessary to begin a real recovery. Simple elementary school mathematics will rule eventually and the cut will occur whether or not anyone approves.
