Weekly Roundup: Pardon My French Edition

by Darwin on October 23, 2010

Pardon my French, but gimme a friggin’ break France.  People are rioting in the streets, burning down their own neighborhoods, bringing their entire economy to its knees (heck, Lady Gaga had to cancel a concert series in Paris – the horror!) over pension retirement ages?  Here’s the funny part, teenagers are rioting.  You tell me a 15 year old anywhere in the world cares about pensions or even understands how they work?  Well, maybe when you’ve been trained to live off the public teet, it’s bred in at an early age.  Nah, it’s an excuse to skip school and riot.  See, there’s something these people don’t get – Americans either.  We in the West have lived for decades now in a fantasy world where we could do the equivalent of run up credit card debt without ever paying the bill – by way of lavish spending consumption, services and promised obligations (like SS and Obamacare) that have not been funded – and cannot be funded, under the current tax burden.  Well, the bill’s coming due.

When Debt/GDP ratios approach the levels they’re at now, questions start to arise over the ability to fulfill future debt obligations, interest rates increase, it becomes prohibitive to roll over the debt and countries default.  While the EU and UK appear to be attempting to rein in the current debt and exercise some austerity, the US is about to embark on yet another round of quantitative easing – which means about another Trillion dollars in excess liquidity.  When we eventually need to make some tough decisions here and people are rioting here…it will be much worse – Americans are heavily armed.  Hence, politicians won’t even utter the word. For now, it’s “let the kids pay in down the road”.  On that pleasant note, here are some outlets that published my content this week and some reads from around the web:

Darwin Around the Web

American Express Currency Blog: What the Latest Foreclosure Scandal Means to You

Darwin’s Money:

ETF Base:

Darwin’s Finance:

Yakezie / Other:

KNS Financial – 5 Words that Mean Scam!

PF Music Videos – Check out Thousandaire. Seriously.  You’ll enjoy.

MTJM Child With Special Needs?  Make these Financial Preparations

Financial SamuraiHow to become a CFP

FlexoIs Debt Slavery?


Carnival of Wealth

Yakezie Carnival

Financial Planning

Wealth Builder

Festival of Stocks

Carnival of Wealth

Carnival of Personal Finance

{ 1 comment… read it below or add one }

Khaleef @ KNS Financial October 24, 2010 at 9:02 pm

Hey Darwin, thanks for including my article about spotting scams!


Leave a Comment

{ 1 trackback }

Previous post:

Next post: