western economies in a pickle…

massive budget cuts vs massive spending. austerity, so far, is not working in england.  massive spending is not working here in the states. western economies have been “backed into a corner”

it is time to kill the big banks. it is the only way for the economies to heal.

A surprise contraction in the British economy challenges the viability of the government’s severe austerity plan and leaves ministers at the mercy of a central bank under mounting pressure to act against inflation.”

read more here:

http://www.reuters.com/article/idUSTRE70O2PI20110125

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