Skip to comments.Two Facts That Are Bigger Than The Debate
Posted on 10/17/2012 2:40:26 PM PDT by SatinDoll
While the media world is abuzz with last nights Presidential debate, Id like to cut through the noise and present you with two truly staggering facts that need to be kept in mind as the backdrop for the US Presidential Election
Fact #1: EU leaders have stated point blank that they were asked to keep things quiet until after the election.
Regardless of your party affiliation, social views or the like, we have to ask ourselves what was promised in return?
...The powers that be are keeping things calm until after the election at which time there will be absolute hell to pay.
And we Americans are going to be on the hook...
Fact #2: China is facing a severe downturn if not outright collapse.
As Ive stated many times before, the China economic miracle is in fact one colossal Government funded fraud...
All industries are going down, but why arent the official statistics going down? asked Bob Wang, the sales manager of Kralle Tools, a manufacturer in Wenzhou, an eastern city, that makes circular saw blades for lumber mills.
He said he believed that government officials had been underestimating the extent of Chinas slowdown to avoid losing face.
So expect the news out of China to get worse and worse once the election is over...
Europe and China combined account for 34% of the worlds GDP. Throw in the US which has re-entered a recession and 55% of the globes GDP is in contraction.
And everyone is waiting on November 6 to see how this will pan out...
(Excerpt) Read more at zerohedge.com ...
For more market commentary and investment insights, swing by
I don't know about anyone else, but the above just hardens my resolve to find a way around what will be difficult times ahead.
Maybe we will have to start producing in America and buying American. What a concept!
Just proof of what we all suspected. Should WMR win the presidency, the stats will suddenly get real (plummet) and zero and hitlery will blame it on WMR before he even gets into office. It’s going to get bad.
I already buy a lot of used or second-hands goods. Many tools made thirty or forty years ago are of better quality than today’s tools from Asia.
What should we do? Particularly, to protect our children and grandchildren.
Politicians, Gallows, then BLOAT.
We already know what it is.
Billions, or, perhaps, trillions [who knows?] of more Fed-printed counterfeit dollars. Americans will eventually pay for that help through reduced purchasing power of their diluted currency.
If the government were to increase taxes by, say, 5% to help our European friends, outrage would ensue. But they know very well that no one will make a peep if they tax us through the back door by inflating the currency some more.
Buy only what you really need (not want).
Wait it out
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