If one is retired in these days the pension plan somehow has to be protected from the stock market, has to be earning more than interest to live off of and can not be the income from of the value of real estate. A simple life style has already being adopted by most Americans but new ways will continue to be found as it the economy worsens.
The little book I received four years ago about a WWII English Vegetable Garden I then viewed a charming thing. Now I look at it was a bible for today's life that should be in print for all Americans, maybe for all Europeans also.
The debt bubble has enveloped Greece, Ireland and Portugal and most likely will suck in Belgium, Spain and Italy in the process. There is absolutely no way a financial crisis can be avoided and it’s already been in this stage of failure for two years. No country can bailout these six without destroying themselves. Can 21 nations find $4 to $6 trillion to bail out the six? We do not think so, and we have said this from the beginning. Fragile isn’t the word for it, neither is contagion. The operative phrase is object failure.
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