Posted on 01/10/2010 3:36:26 PM PST by blam
On The Precipice Of A Global Economic Avalanche That No Bailout Can Stop
Economics / Great Depression II
Jan 10, 2010 - 05:13 PM
By: Mac Slavo
Bob Chapman says we’re Still In A Credit Crisis, New Liquidity Threatens Inflation. On top of that, we could very well be on the precipace of a paradigm shift in America:
"If Congress passes any kind of health care, the public will go ballistic and be prime for revolution. Our position is that bank lending will not improve nor will unemployment. If this is accompanied by official devaluation and default everything could break loose. The elitists realizing this will arrange another 9/11-type event with the usual cast of characters and we expect conflict will spread into Pakistan and that Israel will attack Iran enveloping the Middle East in flames. That would send oil prices considerably higher and cause a collapse of world stock markets, with the exception of gold and silver shares. The excuse to impose Martial law would be apparent."
"The country could go into lockdown. Transportation could be limited, food and gas rationed, banks closed and many other major inconveniences. The current mainline media, Wall Street and governmental propaganda about economic recovery would end, they never having to prove that a recovery ever existed. During the first six months of 2010, Americans and others will continue to live in their world of inreality. These hopeless fools are again being taken down the garden path. The world as we know it is about to change dramatically, so prepare for it."
According to the Bureau of Economic Analysis the recession is over, but only technically, as we have officially seen two continuous quarters GDP growth. However, based on recent revisions, we have to assume the “official” numbers are cooked — the government originally said the third quarter of 2009 saw GDP growth of 3.6%, then revised down to 2.8%, and now says is was actually 2.2%. If we look at growth as caclulated by John Williams over at Shadowstats.com, then we can see GDP growth for the 3rd quarter was almost non existent.
Therefore, we maintain, along with Bob Chapman and others, that while we may technically be out of recession, we remain in a broader depression trend.
[snip]
I’m ready! Got two years worth of food for six and hoping for the best!
NOT
bump
Let the good times roll mama.
You can bet the Liberal Free Trader Globalists in both parties will be working with Obama and Co. to make sure that the US gets screwed every which way...while all the Globalist Elites will redistribute all the wealth to themselves.
Only a fool thinks that the economy is recovering
Don’t ferget!
Couple gallons of unscented bleach. A few drops of bleach can turn rainwater into something you can drink!!
They can’t lock down 300 million people that don’t want to be locked down. If it gets this bad, just have the states withdraw from the union, and start over. States can form another union or not as they see fit. No need for riots, facism, thunderdomes, or zombies.
Cripes, they’ve all but admitted there ain’t a dam thing they can do about 13 - 17 - however many million illegal aliens.
Who is this Bob Chapman guy and does he by chance like having overweight, leather-clad Moroccan belly dancers whip him with chains and al forno pasta while he’s coming up with these predictions?
Bleach has a relative short shelf-life. I've heard very good things about using "pool shock" that is based on calcium (*not* sodium) hypochloride.
FWIW, here's a reference link:
Not much, really. I was just talking water in general.
One gallon of bleach will sterilize over 3000 gallons of water.
If it runs off a bird turded roof....
I hate to rain on anyone’s Doom and Gloom Parade, but here is a link to a more optimistic view:
Yeah, I guess you would normally have to use the stuff that comes off your roof as opposed to a clean bottle with a big funnel on top... unless it was routinely raining cats and dogs which probably wouldn’t be very sanitary either.
But iodine tastes better.
Click here to see a video by WSJ Economics Editor David Wessel. He says Bernake should listen more to the cassandras...they've been and are more correct currently on our economic situation.
"Wall Street Journal economics editor David Wessel details how Federal Reserve Chairman Ben Bernanke came to the rescue of the U.S. economy to prevent a second Great Depression. Mr. Wessel claims that Chairman Bernanke's response effectively made the Federal Reserve the 4th branch of government. Mr. Bernanke was named Time magazine's 2009 "
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