Experts: Expect the Worst for the Economy

News Max ^ | August 5, 2009 | Arnaud de Borchgrave

[RobinMasters]

Is the U.S. economy now in the eye of a hurricane about to be hit again with still fiercer winds? Another humongous credit crunch and major social dislocations are predicted as millions of jobs fail to come back.

Two major entrepreneurial tycoons, in the multibillion-dollar league, with worldwide interests, speaking anonymously, agree that the worst is yet to come.

America has to reinvent itself for the 21st century, but this won't happen before another big credit-rattling shock. Millions of jobs are not coming back, they said.

They were speaking about the current global financial and economic crisis. Another humongous credit crunch is on the way, they believe, and the current optimism is simply a pause before another major downward slide.

Unemployment, they forecast, will climb from the low to the high teens. A pledge to limit tax increases to those making more than $250,000 a year is a pipedream. Someone has to pay the health piper.

[whitedog57]

Always cheerful news.

Why not just kill ourselves.

[bicyclerepair]

Gun show in WPB this w/e. Bro-in-law wants a .380 Kel Tec pocket pistol. Around $300.

[Dallas59]

Who would want to hire or start a business with Obuma in the Whitey House?

[brushcop]

No more blaming Bush, that is long past, this clown must take the hits for what he has done, he can’t pass the buck, well to some maybe, but the rest of us are not stupid—just outnumbered on occasion.

And here I am “retired” (but still working), grandchildren out there, this is not what I wanted to see happen at all but oh well, let’s gather ourselves up and get back into the fight. Our reward is NOT in this life...

[Lazamataz]

F**K.

I'm out.

[stephenjohnbanker]

Nobody

[Tarpon]

Never ever trust the Joker.

[dr_lew]

Our reward is NOT in this life...

I thought you said you had grandchildren :-)

[MrPiper]

as millions of jobs fail to come back.

Sorry, this is wrong, the great one said the stimulus is working!!!!/s

We at FR knew it would not. I'm sorry for your children. I'll say a prayer for them.

[brushcop]

LOL! Very good, I stand corrected of course, good FReepers do that, correct other FReepers who forget their blessings...

[Trust but Verify]

Yeah, I agree. I can’t read stuff like this. Why make yourself miserable even before something that might happen happens?

[thinking]

Add to the economic disaster, the Swine flu pandemic this October, and you will have the “prefect storm”

[blam]

"Gun show in WPB this w/e. Bro-in-law wants a .380 Kel Tec pocket pistol. Around $300."

My gun knowledgeable friend has been recommending that for me.

I have been leaning toward getting this.

[Nervous Tick]

>> I’m out.

Could you angle that gun down just a little? We taxpayers don’t want to take care of your ass if you merely incapacitate yourself.

:->

[1066AD]

Two major entrepreneurial tycoons, in the multibillion-dollar league, with worldwide interests, speaking anonymously,

And who are these two ? If they won't go on the record this piece is no more than idle chat.

Still, I'm beginning to think the GIs should come home from EU/NATO, time for them to take care of themselves.

[1066AD]

Try Bersa Thunder 380, much cheaper and arguably better too.
It’s an Argentinian clone of the Walther PPK.

[combat_boots]

Money money money money, MONEY
Government’s sold out our country
Just to line their pockets. Money.
Money money money money, MONEY
Money money money money, MONEY

Politicians got to spend it
Hey, Hey, Hey – in hopes foreign banks will lend it

Hey, listen to them, do thangs, crap thangs, vile thangs, base thangs - corruption with it
Well, they wanna do thangs, do thangs, do thangs – their thangs with it - yeah

Un Huh, talkin’ bout cash money, money

Talkin’ bout cash money - dollar bills y’all - come on, now

Yeah, yeah
Yeah, yeah

For the love of money
Congressmen’ll steal the future

For the love of money
Trillions borrowed just to be sure

For the love of money
New World Order hides on back streets
Because they know the US is who they’re gonna beat

For that mean, oh mean, mean green

The falling Dollar!

Cash Money

For the love of money
The White House will lie, rob, they will cheat

For the love of money
Congress don’t care who they hurt or beat

For the love of money
Our Congressmen’ve sold our national body

For absolute power money carries a lot of weight
Oh, that mean, mean, mean, mean, mean green

The falling Dollar!

Talkin’ bout, talkin’ bout - cash

I know the love of money’s roots of allevil
Make Dorian Grays out of people

Give me a trillion, brother can you spare your time
To make sure America’s bankrupt. It’s signed.

For the love of money
No good, no good, no good

For the love of money
The Fed’s sold its soul for the money - no, no

For the love of money
Lay down, lay down – peoples’ will

We know the love of money’s roots of all evil
Make Dorian Grays out of people

Give me a trillion, brother can you spare your time
To make sure America’s bankrupt. It’s signed.

For the love of money
Got to have it - they say they need it

For the love of money
Give it up, give it up, give it up - yeah

For the love of money
Got to have it - they say they need it

For the love of money
Gimme, gimme, gimme - cash money

For the love of money
“I want - I need”

For the love of money
“Keep me, sell me, lend me” – kept. See,

For the love of money
For the love of money
Many months they’ve been pushin’ a new currency

For the love of money
They let it, do let it - do let money rule them

For the love of money
Many try for one world gov’rnment

For the love of money
Don’t let news, don’t let them - don’t let words, don’t let money fool you, no

For the love of money
Yeah, yeah, yeah, yeah

For the love of money
Got to have it – They say you don’t need it

Don’t do it - don’t do it

People - save ya soul - save ya soul - don’t sell it
For that mean, mean, mean, mean green

People have let money, let money just derange them

The falling Dollar!

I keep ah tellin’ you
People have let money, let money just derange them

Almighty Dollar!

Um, ‘cause it’ll keep on changing - yeah- changing up their kind

It’ll keep on - it’ll keep on - changing - yeah - changing up their kind

I’m tellin’ y’all
People have let money, let money just derange them

The falling Dollar!

I keep ah tellin’ y’all
People have let money, let money just derange them

The falling Dollar!

Yeah - ‘cause it’ll keep on changing - yeah - changing up their kind

It’ll keep on - it’ll keep on - changing - yeah - changing up their kind

I’m tellin’ y’all
People have let money, let money just derange them

The falling Dollar!

[AmericanVictory]

We’re sure George will make money on it.

[parsifal]

Plus a new study coming out that Viagra and other ED pills cause temporary insanity. If the insanity lasts more than four hours you’re supposed to seek medical help.

parsy.