More Proof: The Dynamic IS As I Have Put Forward

So this morning we wake up and the French stock market is in freefall, the DAX looks like someone beat it with a baseball bat, and our DOW futures are down nearly 200 points -- all before 6:00 AM.

I'd simply hoist up the old sign (the "Told Ya So" one) and walk off, but there's a point in here that is extremely important to understand for our government -- from Congresspeople to the President.

Many have said that we must "spend now but be more austere later" to both stimulate the economy and yet in the future get the debt under control. This rolls off the tongue of politicians with a smile and a wink, whether it be Republicans or Democrats. At the same time they promise that no person over 50 will see any change to Social Security or Medicare.

It's a lie folks. It's not a mistake, it's a knowing and intentional lie told by politicians worldwide.

Greece tells us exactly what is going to happen. What mathematically must happen. And what nobody is willing to (yet) admit to and accept.

When, not if, fiscal consolidation (the end of deficit spending to the tune of $1.5 trillion a year) occurs....

Read the full analysis here.