Friday, May 14, 2010

Greece is the Word

As the President and Congress pledge to protect taxpayers from bailing out Wall Street firms, U.S. taxpayer monies are being used to bailout the terrible fiscal decisions of Greece.

That's very nice of us to help prop up an irresponsible socialist state, but I thought we were broke. I thought I heard that our deficits are at an all time high, and that we are borrowing money to pay for our own irresponsible socialist spending.

Margaret Thatcher once said, "The problem with socialism is that eventually you run out of other people's money to spend."

Capitalism and free markets made us such a wealthy nation. Socialism has made us debtors. Politicians and unions have made promises we can't afford to keep. The United States is Greece-Light at the moment, but I believe that soon our borrowing will end, and inflationary money-printing will begin.

My financial advice is this: If there is something you know you will need in the next 20 years, cash out your stocks, mutual funds, and savings, and buy it now while your money is still worth something. Buy gold, unless of course G. Gordon Liddy has already bought it all up.

Then, hunker down and pray for another Reagan-esque savior.

I hope this helped.


1 comment:

Grammy said...

I'm afraid Greece is just the tip of the iceberg. Portugal is a mess. But Hey! They've got public healthcare! This is a nice opportunity to see how helping to fund Greece's healthcare goes before we have to pop for our own. It's easy to think capitalism is a failure because of the problems of our economy, but we're not in as much troubles as our more socialized European pals are.