Western Governments Cannot Escape Fiscal Disaster

The Wall Street Examiner's Lee Adler, Russ Winter of Winter Watch, and Aaron Krowne of the Mortgage Lender Implode-o-meter focus their discussion this week on the fiscal disaster that is facing western governments not in the future, but now. There's no way out.

Here's what we covered in Part 1, free to all visitors:

• Western governments hit irreparable fiscal situation due to exploding demographic time bomb
• Why a Fed rate increase won't matter, and why it will
• The twin towering deficit inferno
• The special interest political attack on the Fed and inflation

Topics covered in Part 2 for Radio Free Wall Street subscribers only (click through headline above to subscribe):

• Tax data suggests disappearing corporate profits
• What the single mortgage fraud prosecution reveals about whether the system can survive
• The implications of the European debt crisis continuing to worsen because of government bailouts
• The markets are heading for a crash--why and when?