“Heard on the Street” is a monthly posting — a very long one, with each item linked at the top — from Frank Bisbee of Wireville.com. He’s my friend. You can see the Feb. edition here.
Included is this from Joe Salimando, proprietor of The EleBlog:
. . . the monetary debasement is going on all over the world. The bet, by central bankers, politicians, economists, and media types, is that they can control everything – what’s happening now, and the negatives likely to flow (sooner or later) from what they’re now doing. No worries!
Turns out, whether you like it (or know it) or not, you have placed a very large wager – the future prosperity or lack of same for you, your family, and your company – on these people.
In the end, we’re all making a bet that these people are going to be right. Should all these brilliant folks turn out to be dead wrong, it is you and I who are going to pay.
Source: http://electricalcontractor.com/?p=8448
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