Financial outlook for 2011...

Some people will end up making money in 2011 while many more will continue to lose.  And many others will continue to listen to the financial talking heads on TV in the vain hope of being told that "all is well!"

All is not well and there are some people out there who will tell you the truth.  Don't expect to find them on TV.  They are there to lie to you and tell you what you want to hear, not what you need to know.

In this video Karl Denninger spells it out.  It is the first part of 3.