Denial is Everywhere

Not only is denial everywhere, the denials are about increasingly important things. I offer three recent examples:

  1. A former Japanese central bank official says “The Positive Impact of the Declining Yen Has Yet to be Seen
  2. Regarding Cyprus, all the eurozone nannycrats say “Not Me!” as Capital Controls Placed with Banks Closed Until Tuesday. Click on the link to see the Best that can happen now. 
  3. The French newspaper Le Monde has a “Idea Headline” that states “No, France is Not Bankrupt”.

In regards to France not being bankrupt, I beg to differ. In actuality, the entire global financial system is bankrupt.

Mike “Mish” Shedlock