Letter Re: Europe’s Anti-Austerity Protests
JWR: Here are two links to recent news articles: Anti-austerity protests sweep across Europe, and Demonstrators protest spending cuts across Europe. How long until something similar begins to impact the U.S. may be as simple as this. The “hidden from public” depression, camouflaged by government “Robin Hood” programs like Food stamps, EBT cards, extended unemployment, various grants and subsidies, will become increasingly evident when, not if, the Fed slows down and/or stops payments that keep the masses satiated. It certainly can happen if austerity budgets rear their ugly heads and the wheels begin to come off our society. Or hyperinflation …