Hi, this is The Candid Conservative with today’s minute on Our European Exposure…

The biggest danger to America is domestic – a paralyzed government dedicated to special interests and self-preservation as job one. If that’s not bad enough, our economy is in double jeopardy per our exposure to debt here and abroad. According to the Wall Street Journal, our money market industry has a trillion dollars – almost half its assets – invested in European banks. U.S. banks have even more invested in their European counterparts. If things go bad in Europe, and events in the big countries of Spain, Italy, and now France, indicate so, then it will spill on America. That echo will come in debt default, decreased exports, and a strong potential for a global economic tsunami. Conservative thinkers would do well to recognize Washington maneuvers and the Fed’s money machine are duck tape on a broken water pipe. Temporary repairs are just that. It’s a good time to prepare for carrying our own water. Uncle Sam’s buckets are leaky.

I’m Dr. Carl Mumpower and you just spent a minute with a candid conservative…

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