[Skybird]

Karma. The inescapable causal link between cause and effect. You cannot bypass, declare void, ignore the market'S natural laws - you just cannot. The market always catches up with your fizzy intellectual acrobatics. It always has the final word on the bills's totals to be paid. It always makes you pay what you owe. Ideology never can break or distort it. You can delay - but you cannot hide.

People just do not want to believe that. They comfortably prefer to believe in angels and fairy tales relieving them of what is their karma. And that you can take more out of the pot without ever putting back similiar ammounts. But if you always take more than you put back, you end up in problems.

Its so simple but for many: so unwelcomed a truth.

Europe over the going of this century will go the same way like Venezuela - and maybe much earlier than many today think possible. The Euro, the EU - it all maybe could be over faster than most could imagine. Like 1989 - that also caught almost everybody by surprise - first, because it happened, and second: because of the breathtaking pace of events.

Regarding Venezuela, the market does what it is. The people will suffer what they must. The more things were off balance, the more painful any necessary (and in the end: unavoidable) correction will be.

"Credit is preceded consumption that thus will not be available in the future to come." - Ludwig von Mises. What is so difficult in this to understand...? (Kredit ist vorgezogener Konsum, der in der Zukunft ausfällt.)