| Plenty of not-so-important stories to deflect your attention to huge problems we are facing. There are the alleged forced haircuts given by Mitt Romney in his youth, and gay marriage is, also, in the news delivered by the mainstream media. There are much bigger stories folks should be paying attention to. Let's start with the Fukushima Diiachi nuclear power plant in Japan that is still not under control. It is far from over, and at least one US Senator from Oregon is sounding the alarm. Ron Wyden is not only asking the Obama administration to get involved but the entire global community. If this blows up again, there would be 85 times more radiation than Chernobyl. This could cause extreme sickness and millions of deaths worldwide. The USA is directly downwind from Japan. Europe is the other big story you are not hearing much about. Economist Nouriel Roubini says the EU and the euro is finished when the crisis hits Spain and Italy. He is giving a 2 to 3 year time horizon. If the Eurozone breaks up, as he predicts, there is no way the US is not sucked under. And let's not forget the elections in France and Greece that are not favoring the austerity and the banker bailouts. This is really a bank solvency problem, not just a sovereign debt crisis. David Stockman, director of the Office Management and Budget under the Reagan Administration, says we are in "The last innings of a very bad ball game." That sounds like a lot less than 2 to 3 years before all heck breaks loose to ... |
