Warning: America’s new Age of Austerity starts now - Denials, delays will deepen the impact

MarketWatch ^ | May 29, 2012 | Paul B. Farrell

[2ndDivisionVet]

Warning, tighten your belts, America’s new Age of Austerity is already here, today. There I said it. I admit it. And you better too. Prepare now. Could be like the 1930s depression austerity.

You’ve seen the warnings all across the major newspapers about a global slowdown. But why no warnings of austerity dead ahead? Why? America’s still deep in denial. We prefer happy talk to the truth. No, nobody will get honest about austerity till after the elections. Then it’ll hit hard.

Wake up. You were warned: America’s new Age of Austerity is already here.

Till the elections, nobody else will tell you the truth about what comes with this slowdown: Plan on classic economic austerity. Maybe not austerity as deep as the euro zone’s Spain and Greece. Yet maybe deeper than the 1930s as Nobel economist Paul Krugman writes in his new book, “End This Depression Now.”

Yes, America’s already in a depression. Wake up America, to a long bear market, a recession cycle, to austerity where everything slows down, income, jobs, retail, global trade, and market returns. Listen to the latest warnings just last week:(continued)

[Mr. Jeeves]

Basically, the Left's proposition to America's remaining taxpayers is: "If you don't pay off our people (banksters who own the Left's puppet politicians, welfare recipients, public employee unions, and other leeches), they have every right to murder you and take what you have. And we'll use government guns to help them. So shut up about all this 'austerity' and 'living within your means' or you are going to get it, good and hard."

Eventually, this proposition is going to be tested.

[Kartographer]

For you since you have no preps of plan for gas, then for you don’t bother with oil and filters.

[green iguana]

It wasn’t a rhetorical question. Gas goes bad, quickly. Yes, I know the time frame can be extended by adding a little diesel to help prevent oxidation of the gasoline, but it still isn’t indefinite.

Gas is definitely the weak link in most people’s prep plans - it’s difficult to store a sufficient quantity for any extended amount of time. Or do you have some knowledge that might come in handy?

[GOPJ]

Watch Greece - that’s us in a few years...

[EBH]

If they start cutting programs...they've got to cut taxes too and regulations created just to generate revenue by bureaucratic “rules.”

It's the only way to not have things crater.

[EBH]

That’s what all those FEMA trailers and camps are for...

[blam]

"That’s what all those FEMA trailers and camps are for... "

That's where they'll put all the rioting and looting people.

They'll be death camps.

[Mama Shawna]

I love your profile page! LOL! You’re two years older than my Mom, and she would probably post the same thing!

[Mears]

“You’re two years older than my Mom, and she would probably post the same thing!”

—
Yes she probably would.

We were what is called “The Silent Generation”.

Too young to be “The Greatest Generation” and too old to be Boomers. Our war in Korea has been referred to as The Forgotten War.

But we sure as heck know what self sacrifice is all about.

And lordy did I love the fifties.

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