The Tequila Crisis: The Prelude to Europe’s Economic Storm | Raging Bull-shit

The Tequila Crisis: The Prelude to Europe’s Economic Storm | Raging Bull-shit

The Tequila Crisis was an attack on consumers. Now consumers are being attacked in Europe. They are being attacked in the US with low paying jobs versus a cash bubble in real estate. What affect will this have on rents and will this cause mass homelessness or multigenerational living? People are postponing families and the birth rate is declining, all so the banks can make some money.

This is getting to be a very dangerous state of affairs that is an unsustainable business model. And Bernanke must know this. 

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