Skip to comments.Finger Prints of Recession 2013, Recipe for Economic Disaster and Investor Opportunity
Posted on 12/06/2012 7:37:34 PM PST by blam
Finger Prints of Recession 2013, Recipe for Economic Disaster and Investor Opportunity
Economics / Recession 2013
Dec 06, 2012 - 03:04 AM
By: Ty Andros
The verdict is in and the man-made disaster that is creeping socialism just got a green light in the worlds largest economy! The SOMETHING for Nothing society known formally as the United States of America and controlled by what Vladimir Lenin called USEFUL IDIOTS (products of centrally controlled public schools taught the VIRTUES of socialism as beneficial) have now elevated their chosen REPRESENTATIVES as slave masters (at the point of a government GUN) to the last vestiges of the private sector that still produce more than they consume.
The TAKERS (people who consume more than they produce) of our society now own the MAKERS (people who produce more than they consume) lock, stock and barrel. This is a recipe for ECONOMIC and SOCIETAL failure which will ACCELERATE from this point on.
Many progressives and government agencies have told us Clinton-era taxes dont matter while ignoring all the other issues that have changed since his presidency. Like a 50% PLUS increase in the federal regulatory state and the approximate growth of government by OVER 100% since he left office!
"A great civilization is not conquered from without, until it has destroyed itself from within. The essential causes of Rome's decline lay in her people, her morals, her class struggle, her failing trade, her bureaucratic despotism, her stifling taxes, her consuming wars."
Will Durant, The Story Of Civilization III, Epilogue, 1944
Read that quote very carefully as it is the description of the developed world today. In just the last 90 days 6100 regulations where inserted into the federal register and since the election more than 1,900,000 million acres of oil and gas shale on federal lands have been removed from energy development. They just happen to be the most abundant areas for energy development.
Bureaucratic despotism is looming large with over 80,000 PLUS pages a year in NEW REGULATION in the first four years and unbridled creation for four more. Prosperity, capitalism, competition and innovation PROHIBITED by LAW! Take a look at what small business identifies as their most pressing problems (courtesy of www.pdgraaf.com - this is a fabulous newsletter and I subscribe to it):
Wow a bull market in PROGRESSIVE government sponsored pain to entrepreneurs, small businessmen and JOB creators since the chosen one was elected. Obam@care, Dodd Frank and the stimulus bill (expansion of government by 25% since 2008 when the chosen one was elected) are now IRREVOCABLY enshrined in STONE. This bull market is set to EXPLODE higher!
As their tentacles reach deeper and deeper into the economic fabric of Amerika they will SQUEEZE the life out of their respective purviews and enshrine political controls over practical policies. Also known as Bureaucratic DESPOTISM. They are Chicago- and Illinois-style political corruption brought to the national stage. The results will be the same! Collapsing economies and exploding insolvencies, just like ILLINOIS
Now those (BAD) things are in the process of changing human behavior. As the takers FEEL the pain as it will ALWAYS ratchet higher until they change their thinking, actions and their support for socialist welfare government. For the makers it will be reflected in a capital strike until central government bureaucrats reverse course and confiscatory taxes and DESPOTIC regulations are ROLLED BACK!
As an Austrian economist I actually BELIEVE the fiscal cliff must be implemented and ADD more SPENDING CUTS to restore the potential for MORE sound money (rather than less sound)and the growth potential of the USA. If not cut government and deficit spending now, the question becomes when? The Answer is NEVER as long as leviathan governments and progressives control both sides of the debate (republicans and democrats, Tories versus liberals, etc.).
The left and the right are the Gottis and Gambinos fighting turf wars known as elections to see whose special interest supporters get the front row FLEECING the PUBLIC and private sector. Crony capitalists play BOTH sides of the isle.
Just today a parade of trade unions and hard core socialists (UAW, AFSCME, AFL-CIO, SEIU, moveon.org and several more) are visiting the WHITE HOUSE to decide how they will carve up the public purse and political opponents. A wall street journal report today reports the outcome was DONT BLINK, take the money from the private sector and give it to US. WE put you back into the drivers seat and now its time to pay your supporters with plunder taken from the VANQUISHED.
The next parade of crony capitalists at the WHITEHOUSE then emerged led by Warren Buffet and the CEOs of the largest companies in the USA. Most of whom dodge the taxman almost entirely through earlier regulatory and tax favors bestowed to them from previous episodes of lobbying and campaign support (disguised bribery). Supporting the president in socking it to the small businessmen who really drive the economy and cannot weasel their way out of paying taxes as individuals.
The chosen ones most senior advisor is a woman named Valerie Jarrett. An old style Chicago gangsta politico. Here are her own words on what lies ahead:
"After this election, it's our turn. Payback time. Everyone not with us is against us, and they better be ready because we don't forget....the ones who opposed us will get what they deserve...there will be hell to pay. Congress won't be a problem for us this time...No election to worry about after this is over, and we have two judges ready to go"
Valerie Jarrett, Obama's closest and most senior advisor, during a recent meeting with the administration's senior staffers.
The election was the conviction of the capitalists and entrepreneurs; we are now in the sentencing phase.
The old saying that “the enemy of my enemy is my friend” may apply here. See Drudge: “Stoned in Seattle” The State legalized POT, the Feds didn’t. This could lead to a showdown in a number of States, between States rights and the overbearing Feds. Well, we conservatives believe that the fed has become overbearing and now the POT heads will agree. Instead of condemning them for their Drug use I suggest we embrace them for their rebellion against the tyranny of the federal government. We might even accomplish something... I hope!
you should be called a stoner in 3...2...1...
there are a host of people on this site that will readily disagree with you... I am not one of them..
people fail to see that the war on drugs is taking casualties on our personal liberties and security...
it ain’t about drugs, it is about violations of civil rights by an overreaching federal government.
drugs just happen to be the front line issue.