The Single Largest Driver of the US Economy is About to Collapse

Zerohedge ^ | 6/26/13 | Phoenix Capital Research

[Kartographer]

The markets continue their dead cat bounce while the economic data worsens.

[Kartographer]

"Dat OK 'Bama' gib me bling, so why's I b' work'n for it?"

[Kartographer]

Ping!

[Starboard]

Zero Hedge: a lone voice of economic sanity.

[RoosterRedux]

I think the economy has been on the bottom for quite a while now. By that I mean that risk taking is at a minimum and people are doing what they can do to simply put food on the table. There is certainly an exception in high tech for which markets are always open.

Bottom line, we are already collapsed for the most part.

Once the U.S. can see the departure of the illegal Obama (illegal in everyway...even his stolen election)...the economy will explode with real hope and energy.

[CodeToad]

Anyone NOT prepping isn’t paying attention. I would be scared to death to be living paycheck to paycheck.

[reformedliberal]

Not if Hillary and a continuation of donk oppression follows him.

[greene66]

With amnesty, fag-marriage, and impending Obamacare...

Let it collapse! Can’t say I give a damn.

[Kartographer]

And yet there are many and some even among FReepers who should know better.

[tumblindice]

Celebrate gotterdammerung. Bring it on.

[Billthedrill]

The answer is clear: we'll have to raise taxes.

[proxy_user]

That’s legal after-tax income, boys and girls.

That pile of fifties on the back shelf doesn’t count.

[wku man]

"Let it collapse! Can’t say I give a damn."

Not befo' I gets me my Obamacar! I bes' be gittin' me Obamacar, o' I gombe findin' me some whitey an' takin' it out on he a**! /ebonics

Seriously though, I'm with you. Bring it down, let it crash and burn. I just wish this had happened 10 years ago (when I was younger and in better shape), so we could've sorted out the mess and gotten started over by now.

Scouts Out! Cavalry Ho!

[drypowder]

picture the US economic situation as a hole in the ground and the larger the debt, the deeper the hole. In comparison, this government has dug a hole completely through from one side to the other side of the earth. So, now what??

[imemyself]

I believe that’s what they want - collapse. They’re certainly prepared for it. Fema camps.

[NonValueAdded]

There has been a substantial increase in the price of basic food items recently. For example, cans of soup are up 25% and this at WalMart.

[RoosterRedux]

I think Obama is president because he stole the election from Mitt...and Mitt wasn't exactly a strong candidate until the very end.

Hillary is a dud if we run the right candidate...and we have some good choices.

Actually, the fact that Hillary missed her own 3:00 AM call on Benghazi is her death knell.

On top of that, progressivism is collapsing under its own weight. It has been tried (forever) and found wanting.

I even think Bill might advise Hillary to run as a conservative if she wants to win.

[Xenophon450]

Austria was successful in pushing through policies that are popular all over the world. Austria has the most impressive records in five lines: she increased public expenditures, she increased wages, she increased social benefits, she increased bank credits, she increased consumption. After all these achievements she was on the verge of ruin.

~Fritz Machlup

[AZLiberty]

You made me think of a new title for an old song: “Gimme dat bling”

[autumnraine]

I am terrified.

I was prepper and we ate and used up all we had before we had to move out of state. Now we are back to square one.

And again, I am terrified, but I have faith in my Lord and He will see us through. Or at least help us deal with what is coming.