S WAVE CHARTS

[porter]

<None of the stuff being passed now (if the vote approves) has much to do with debt growth.>

That's correct.

<The only way to fix that is to make significant changes to entitlements.>

Sorry. Changes are not forthcoming. What's coming at us in the second half of this year into 2014 is a Recession. To get there we will be giving government workers 2% to 3% increases in their salaries. This will lead to the Inflation that is necessary to pay down (in theory) the "national" debt. Those earning between $100,000 and $300,000 will be preyed upon by taxes.
Permits and licenses will slowly drown people. One can see it already in car registrations and environmental permits. A new inflicted "economy of scale" will lead to business extinction for many. It's an ignorant public, not a stupid one. Read the posts on ZeroHedge. It's guns, gold and barricades for these people. A fascinating tribe of 75.000.

Folks need to spend more time watching one of the world's most important sovereign nation states........Exxon.

A Healthy New Year to One 'n All