Stop the looting now (Karl Denninger)

And this, ladies and gentlemen, is the how and why we are hurtling towards a world war. The kitty is empty and no Western politician worth his salt will ever admit it or do what is required. And now that high unemployment is guaranteed and that large swathes of society will become destitute and could, very likely, revolt, we’ll just conjure up some nasty character somewhere and we’ll tell the great unwashed that something evil is being plotted against Western society and “freedom”.

http://market-ticker.org/archives/1317-DAMNIT,-STOP-THE-LOOTING-NOW!.html

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