Posted on 06/08/2011 8:24:18 PM PDT by blam
The Obama’s are not close to even considering ending robbing the American citizenry.
White man’s greed runs a world in need, according to Obama.
The three costs which people ordinarily see, that is, food, fuel, and medical costs, are being manipulated. Everything else is going down; accurate reconstructions of the M3 money supply show it shrinking.
Oil’s still high, and the dollar is low. So freight fuel and foreign products will keep going higher. Despite the spate of propaganda, the globalists lose another one. Our America will producing again, one way or another.
At least its not stagflation.
There will be more monetization foolishness (QE), because government won’t willingly shrink herself. The Madam will somehow pay her escorts. When she loses some of them (lays government workers off), she loses some of her power over the peasantry of non-government concerns.
Government does not have an answer, does not understand the problem and does not understand free enterprise.
If they did, they would not have made the U.S. so hostile to small business, and most importantly, would never have created any social welfare programs.
The solution will come from the private sector, who will have to force the government to dismantle much of itself and repeal much of it’s legislation.
Survival will depend less on gold and more on pre-packaged brass, lead, copper.
“If government hadnt created food stamps, Medicaid, extended unemployment benefits and other benefits” we wouldn’t be in this mess. Throughout the 1800s and up until 1929, “panics” were very short-lived. The economy naturally corrected itself without the destructive interference of government “fixes.”
I'd be really interested in finding out just how private enterprise can accomplish such a task. Private enterprise doesn't "force" the govt to do anything. It is the other way around (fascism), much like a retro-virus dictates to a host cell what it can and cant do (eventually destroying it).
Now, private CITIZENS, on the other hand...will have to kill the virus to save the host.
Yup.
War Zones: As The Economy Dies, Murders, Shootings, Robberies And Looting Erupt All Over America
I’d believe in all this garbage on a “double dip recession” if only we had come out of the first, initial recession....=.=
While I agree there are only two potential outcomes to our current state (hyper inflation or severe debt deflation), I believe the dominant forces are on the side of debt deflation.
Without regard to which way it ends up, the author's logic is convoluted...at BEST.
Did this guy go to school?
“QE3 has to become reality, or the economy will fall into deflationary depression and there will be a massive liquidation of bad debt and bankruptcies as far as the eye can see.”
Kill QE3 and let the colapse begin so that recovery can start!
Until those living on credit are wiped out there will be no recovery.
>> The Obamas are not close to even considering ending robbing the American citizenry.
He said he ain’t worried about it.
Obama’s disconnected from our World. He doesn’t give a damn.
Actually, in a deflationary depression the only place to be is CASH. Just CASH.
Now, that said one has to wonder if that should be US dollars...as a severe deflation will drive the USA to sovereign default. That could negate the value of the US dollar entirely.
And, one could argue that a sovereign default by the USA would destroy the value of all fiat currency...therefore making gold and silver the only money left.
Unfortunately liberals and finance men equate inflation i.e. increase of money in circulation with expansion of the economy and deflation with contraction. They believe in static economy- no net wealth creation. To expand the economy of a country they believe it is necessary to bleed the economies of other nations or to increase the money supply. That is why liberals have a pathological fear of deflation. To them that is synonymous with economic contraction and IS the destruction of wealth because there are fewer units of currency, fewer dollars.
I advised my son (Monday night) to put some Canadian currency 'in his mattress.' He has four houses in Los Angeles County that I worry about...all have mortgages. He has a good job (PhD) with a defense contractor but the old-timers are saying that they've never seen such cutting before. So...
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