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Re: Pitt77 post# 24828

Saturday, 06/25/2011 9:55:15 AM

Saturday, June 25, 2011 9:55:15 AM

Post# of 24889
The market may yet fix things

for you guys to go class action. Looks to be setting up for a significant change in the direction of 2003. ie fundamentals are about to change.

Thanks for the news clippings.

Note: Canada is in worse shape than the US right now. It is 2 times BK compared to one times in the US. Canadians can not afford to pay out 60 cents out of every dollar paid in tax revenues to fund gov't officials pensions.

Pension reform has to come (imo). Otherwse many jurisdictions, states, provinces and countries will be foreced to go BK in order to avoid their obligations.

imo, the only reason that the internet flurished was because of the weaker US dollar It was a game and now hedges are going to be unwound.
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