The Land of Make Believe

In the land of Make Believe, let's make believe that Greece will adopt a new Austerity Program.  Let's pretend they will voluntarily accept years of depression level living so that everyone else in Europe can live a little better.

It the land of Make Believe, let's make believe the Italy will adopt a new Austerity Program.  Let's pretend that they will voluntarily accept years of depression level living even though they don't even believe that they have any sort of debt crisis that necessitates such austerity.

In the land of Make Believe, let's pretend that the Germans will selflessly compromise the German balance sheet, and take 30 percent of their own tax Euros to help bail out the rest of Europe.

In the land of Make Believe, let's pretend the US democrats and republicans will put aside their petty political manoeuvrings in order to come up with solutions that benefit the people.

In the land of Make Believe, let's pretend that in the United States our economy is moving out of a Soft Patch, and will soon be "Firing on All Cylinders" as soon as those Darn URAH-PEANS adopt all those gosh darned Austerity Programs, that THEY need to adopt.

In the Land of Make Believe, let's Make Believe that if everyone just stopped all the griping and put their noses to the grindstone and rolled up their sleeves and got to work - the Genius of the Free Market will magically work everything out and  by golly we'd soon be out of this mess.

Make Believe is FUN.

Meanwhile in the Real World, let's open our eyes and see that the only solution that the Greeks, the Italians, the Spanish, the Germans, the French and the Americans understand and have ever understood in the Modern Era, is printing money in order to Inflate their way out of Debt.

Everything else lies in the world of Make Believe:  Austerity Programs, Super Committees, Supply Side Solutions, Growing your way out: All wonderful Make Believe Stories to help us sleep and have Happy Dreams.

In the Real World you have: Money Printing, which is exactly what they're planning to do right now in Europe, and it is exactly what we've been doing like crazy for the last 3years.

This is why the price of GOLD is a joke.  But count on this in the real world: the price of Gold will soon reflect all the money printing.  Because the Real World has a nasty way of impinging on the world of Make Believe.