The failure of our leaders to think through the effects of increasing debt and unfunded liabilities, the consequences on social stability of open ended refugee immigration, or what the implications that raising certain taxes will have on other revenue existing streams is threatening the entire global financial system.

..also Michael’s Mid-Week Comment: The Fed Hikes Rates & What’s Coming Next

Despite the promises of politicians to create jobs, boost the economy, solve the pension crisis plus a myriad of other ills simply by raising taxes, history, most recently in Europe, loudly declares this approach will fail.

….also from Michael: Symbolism vs Practical Reality, Specific Policies & Measured Results

Consensus and innovation are two buzzwords we hear a lot these days. We hear that 97% of scientists believe there’s global warming, which in effect means no questions allowed. Not allowing debate is the antithesis of innovation, and change. Change being something bureaucrats in Governments who tout innovation resist strenuously.

…related from Michael: The Rube Goldberg Model of Government Spending