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Wake Up Call Next Bubble To Burst: Government Spending
Progressive Radio News ^ | 24 December 2012 | Richard Martin

Posted on 12/30/2012 3:47:39 PM PST by Lorianne

Podcast/audo 52:57

Will “the cliff” do the trick? Or must we wait for the wave of municipal bankruptcies to kick in first? Why has government spending accelerated if we are truly in a “recovery”? Why is the Fed massively padding its balance sheet? How much of the economy is sapped by unproductive activities? With government responsible for almost half of GDP, how much longer will it be before private business just gives up altogether and America wakes up to a Communist society? It is moving inexorably in that direction. Some statistics proving the presence of deflation.


TOPICS: Business/Economy; Government; Politics/Elections
KEYWORDS: financialmeltdown
Surprising comments given the source
1 posted on 12/30/2012 3:47:51 PM PST by Lorianne
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To: Lorianne

that would be good for America, but it ain’t going to happen until the real collapse


2 posted on 12/30/2012 3:50:03 PM PST by GeronL (http://asspos.blogspot.com)
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To: Lorianne

Many of us who made it beyond the ninfe grade have been asking this and trying to calculate the crash point for a few years. Hard to figure it.


3 posted on 12/30/2012 3:50:42 PM PST by exnavy (Fish or cut bait ...Got ammo, Godspeed!)
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To: P.O.E.

Here is where it gets reset.


4 posted on 12/30/2012 3:56:07 PM PST by exnavy (Fish or cut bait ...Got ammo, Godspeed!)
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To: Lorianne

We’re waitin’ for State Bankruptcies.


5 posted on 12/30/2012 3:58:36 PM PST by Paladin2
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To: exnavy
"Many of us who made it beyond the ninfe grade have been asking this and trying to calculate the crash point for a few years. Hard to figure it."

Axe the Hairy Reed.

6 posted on 12/30/2012 4:00:07 PM PST by Paladin2
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To: GeronL

politicians can not act, they can only react


7 posted on 12/30/2012 4:01:13 PM PST by bert ((K.E. N.P. N.C. +12 .....The fairest Deduction to be reduced is the Standard Deduction)
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To: Lorianne

Source no doubt thinks waking up to a Communist society would be a good thing...


8 posted on 12/30/2012 4:02:48 PM PST by Kozak (The Republic is dead. I do not owe what we have any loyalty, wealth or sympathy.)
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To: Paladin2

Yup!


9 posted on 12/30/2012 4:03:59 PM PST by exnavy (Fish or cut bait ...Got ammo, Godspeed!)
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To: Lorianne
Ubama was always planning on the feral government being in charge after he succeeded in "overwhelming the system."

I think it is going to turn out entirely differently than he had planned.

Remember what happened to Mussolini?

10 posted on 12/30/2012 4:19:27 PM PST by E. Pluribus Unum ("Democracy is indispensable to socialism. The goal of socialism is communism." --Vladimir Lenin)
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To: Lorianne

Negative output due to government regulations....

They are only figuring this out now?


11 posted on 12/30/2012 4:20:58 PM PST by EBH (0bama is guilty of willful neglect of duty.)
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To: Paladin2

I’m in Georgia...It’s not great here but we will survive...

But screw California and New England if they think we are going to bail them out....


12 posted on 12/30/2012 4:23:57 PM PST by nevergore ("It could be that the purpose of my life is simply to serve as a warning to others.")
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To: Lorianne

Half of the government’s problem is that lower level managers budgeting for their Operations and Maintenance costs realized this fall was coming, so over the past 7 years have inflated their operating costs and staffs, so that when the crunch arrived, they could simply get rid of their excess and never feel the crunch.

This will only exacerbate problems because now the system operates so inefficiently, it is likely to can the most efficient workers, as the least efficient, so not to make any difficult decisions, ....or will lapse into a good ol’ boy mechanism where more even handed employees are swept out with the tide.


13 posted on 12/30/2012 4:51:47 PM PST by Cvengr (Adversity in life and death is inevitable. Thru faith in Christ, stress is optional.)
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To: Kozak

Doesn’t sound that way from this podcast


14 posted on 12/30/2012 4:55:43 PM PST by Lorianne (fedgov, taxporkmoney)
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To: Kozak

Doesn’t sound that way from this podcast


15 posted on 12/30/2012 4:55:50 PM PST by Lorianne (fedgov, taxporkmoney)
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To: Lorianne
he's sooo progressive he spells lead stories, LEID stories...
16 posted on 12/30/2012 5:03:57 PM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: Lorianne

This was the main issue in this past National Election. Unfortunately it was never discussed as a topic - - - - .

Anyhow, thanks for bringing it up.

The article writer must have become a tad detached in the last 4 years as he wrote this “ - - - and America wakes up to a Communist society?-—”

To late Richard Martin, to late - - - .


17 posted on 12/30/2012 8:02:32 PM PST by Graewoulf ((Traitor John Roberts' Communal Obama"care" violates Anti-Trust Laws, AND the U.S. Constitution.))
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To: exnavy

Paraphrasing:

“this cliff is as predictable today as it was 10 years ago, as Americans keep spending more than they are taking in”

My only problem is he blames “Americans” which is a pretty broad brush. It’s the big-government politicians and their cultivated cabbage-head supporters.


18 posted on 12/31/2012 3:30:47 AM PST by P.O.E. (Pray for America)
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To: Lorianne

http://www.blacklistednews.com/Baltic_Dry_Index_Report_Shows_The_Global_Economy_Is_In_Serious_Trouble/23075/0/38/38/Y/M.html

Piqued my interest, so I started looking up the Baltic Dry Index, and found the above site, credited to a different author.

It’s an almost word-for-word copy of the podcast (but two weeks prior)

Out of further curiosity, I googled some more of Martin’s podcast, and found this:

http://ewallstreeter.com/deflationary-trends-in-consumer-credit-3664/#

Again, word-for-word, but three weeks prior to the podcast.

Question: who plagiarized whom?


19 posted on 12/31/2012 4:10:53 AM PST by P.O.E. (Pray for America)
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To: Lorianne

Found this, too:

http://earstory.blogspot.com/2008/09/richard-martins-wake-up-call.html

“All Richard Martin does is plagiarize articles verbatim from blogs like theeconomiccollapseblog.com, edit a few words here and there to make it sound like he wrote it, or he cuts out things he doesn’t like, and then he delivers a well practiced monologue that makes him sound like he’s a genius speaking off the cuff. He never gives the real authors credit. “


20 posted on 12/31/2012 4:16:41 AM PST by P.O.E. (Pray for America)
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To: P.O.E.
I concur, liberals love to paint with broad brushes.

The problem in America can be traced to the civil war. Progressives started in at that time growing gubmint and laying the foundations for our switch to a communist form of gubmint.

Ultimate power corrupts, the ruling elites in the U.S. have been corrupted and lead by the prince of the air for more than 100 years now.

God is in control, He will not be turned aside. The United States will come to it's knees before Him, one way or another.

21 posted on 12/31/2012 6:25:12 AM PST by exnavy (Fish or cut bait ...Got ammo, Godspeed!)
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