Once you get into debt you become slave of (owned by) the lender. The lender owns you and keeps you alive so you can pay him.
The same story is repeating at the national level. The strong countries of Europe will save Greece, Portugal, ..... But these countries will be owned by the liberators.
They will not be free. The liberators will dictate what they can and cannot do. Slowly power will be transferred to Brussels. This is Europe's destiny. A centralized European government will be achieved not by choice. But by gradual financial strangulation.
This is how the game is played.
People ask. Governments give. There are always rescuers. But they will ask to be paid. And the reward is wealth and power. And we (you and I) will pay the price through loss of purchasing power. We always forget that when we ask we will eventually have to pay the piper.
Does it sound crazy? Just look around you.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.
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