Ireland, North Korea and Bears Oh My!

It’s scary how little the general public knows about the dangers that are piling up around us.  Even as the Dow is down 140 points as I write this, I wonder how the market is not down 500 points. The stock market is not the biggest danger to the loss of wealth for Americans. It’s the bond market. When the bond bubble bursts, the amount of wealth lost will be staggering. This will cause even more selling in the stock market to protect whatever wealth is left.  Unfortunately for Ireland, they can’t print their way out of the debt. How is that Euro thing going now? One by one, Countries will leave the Euro and go back to their own currency and regain their freedom. Imagine outside countries forcing a country to raise taxes, cut benefits on it’s people? Scary.