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2010 Will Be Worse (The Obama Depression)
American Thinker ^ | Monty Pelerin

Posted on 01/03/2010 8:09:36 AM PST by big black dog

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1 posted on 01/03/2010 8:09:37 AM PST by big black dog
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To: big black dog; FromLori; rabscuttle385; TigerLikesRooster
"There is no means of avoiding the final collapse of a boom brought about by credit [debt] expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit [debt] expansion, or later as a final and total catastrophe of the currency system involved."

--Von Mises

2 posted on 01/03/2010 8:13:02 AM PST by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: big black dog

3 posted on 01/03/2010 8:13:39 AM PST by Bon mots
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To: Travis McGee

I see a chance of improvement in November.


4 posted on 01/03/2010 8:14:00 AM PST by proxy_user
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To: big black dog; 2ndDivisionVet
Posted here too:

2010 Will Be Worse

5 posted on 01/03/2010 8:15:24 AM PST by blam
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To: proxy_user
"Business will turn for the better this month or next, recovering vigorously in the third quarter and end the year substantially above normal."

~~Harvard Economic Society, May 17, 1930

6 posted on 01/03/2010 8:15:27 AM PST by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: 2ndDivisionVet
What Good Can a Handgun Do Against an Army.....?
7 posted on 01/03/2010 8:17:22 AM PST by blam
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To: big black dog
Obligatory link to the Ludwig Von Mises Institute.

You can find much good material there including Murray Rothbard's great book: America's Great Depression.

8 posted on 01/03/2010 8:18:01 AM PST by Bon mots
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To: Travis McGee

Gerald Celente: greatest depression is here

http://thecomingdepression.net/media/video/gerald-celente-greatest-depression-is-here/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed:+Thecomingdepressiondotnet+(TheComingDepression.net)


9 posted on 01/03/2010 8:25:08 AM PST by FromLori (FromLori)
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To: big black dog

The New Depression will lead to The Second American Revolution in my never humble opinion.

Recall that the tipping point of the First American Revolution was the closure of the Port of Boston and other oppressive acts (The Intolerable Acts 1774) by the British government wrecked the colonial economy.

Thus the colonial middle and upper classes were ruined and easily radicalized by the Sons of Liberty. Then the first were fired on Lexington Green April 19, 1775.

I think that 2009 was 1774 redux that saw the enactment of a series of Intolerable Acts by the oppresive Obama Administration that will very likely lead to revolution in 2010.

Perhaps the first shots will be fired on next April 19th?

Stay tuned.


10 posted on 01/03/2010 8:28:10 AM PST by Ronbo1948
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To: Bon mots

Thanks for posting the link. I used it, reread “Gold and Guns,” and remembered something I’ve never posted. Her it is, only a little off topic:

Direct democracy works well for very small organizations, but *representative* governance works infinitely better for larger groups. What we have is worse than direct democracy, a government working with disdain for the wishes of the majority: with our government *against* us, we have no options but surrender to fascism, or revolution. I’ve made my choice.


11 posted on 01/03/2010 8:44:03 AM PST by JohnQ1 ("(BHO) can compress the most words into the smallest idea of any man I know." - A Lincoln)
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To: big black dog

Let’s not forget that the U.S. didn’t get here overnight, specifically from 20 January 2009 to the current date.

We had eight years of irresponsible Republican spending by an alleged conservative President who had complete control of Congress up until 2006, who in fact never even found his veto pen until that year.

The expansion of the federal government in terms of size, cost and power over the lives of Americans didn’t start with the arrival of Comrade 0bama.


12 posted on 01/03/2010 8:44:09 AM PST by mkjessup (0bama squats to pee.)
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To: big black dog
But... but... It's the year we make CONTACT!! ........ with TRUE socialism: record unemployment! record inflation! reparations! record taxes!
13 posted on 01/03/2010 8:45:13 AM PST by joethedrummer
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To: big black dog

bump to the top


14 posted on 01/03/2010 8:46:05 AM PST by timestax (CNNLIES..BIG TIME)
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To: mkjessup
I agree. Looking at the graph, Republicans were nearly as responsible as the Democrats. They could not control their appetite for spending!

We need strong fiscal conservatives, if we are going to avoid national slavery, civil war and ultimately a world war.

Grief, I didn't think this would happen until after my children were grown.

15 posted on 01/03/2010 8:54:54 AM PST by FreeAtlanta (There is no "O" in Transparency.)
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To: Ronbo1948
The Future Of The United States, Systemic Fraud, Corruption And Financial Instability
16 posted on 01/03/2010 8:58:02 AM PST by blam
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To: big black dog

“The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit [debt] expansion, ***or later as a final and total catastrophe of the currency system involved***.”

Which happens to be goal of Obama, to end the USA as an independent entity. Crashing the currency serves his goal perfectly. It also justifies his agressively taking of sweeping powers to deal with the “crisis”.


17 posted on 01/03/2010 9:00:53 AM PST by DesertRhino (Dogs earn thi title of "man's best friend", Muslims hate dogs,,add that up.)
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To: big black dog

“The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit [debt] expansion, ***or later as a final and total catastrophe of the currency system involved***.”

Which happens to be goal of Obama, to end the USA as an independent entity. Crashing the currency serves his goal perfectly. It also justifies his agressively taking of sweeping powers to deal with the “crisis”.


18 posted on 01/03/2010 9:01:07 AM PST by DesertRhino (Dogs earn thi title of "man's best friend", Muslims hate dogs,,add that up.)
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To: FromLori

!Gracias para el linko!


19 posted on 01/03/2010 9:06:20 AM PST by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: FreeAtlanta

“Republicans were nearly as responsible as the Democrats”

And i hate how it sounds like tin-foil hat stuff, but after Reagan, the Repubs have been every bit as willing to submit the USA to international “Authority”. A government we as citizens have no say in. A revolution must happen at the ballot in 2010, or a real one will be the only recourse. And as a man approaching retirement age, with college age kid, it sickens me to think of what that means. But the alternative sickens me more.

That said, Obama is far worse. However, a proper look at Obama shows that he is only the “closer” for the deal that reps and dems have both been building for us for 20 years.


20 posted on 01/03/2010 9:09:19 AM PST by DesertRhino (Dogs earn thi title of "man's best friend", Muslims hate dogs,,add that up.)
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