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Economic Expert Hunter Lewis: We Are in a Depression!
Breitbart ^ | 13 Jan 2014 | Robert Wilde

Posted on 01/14/2014 10:15:13 AM PST by xzins

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To: xzins

He is right about one thing, we are in a depression.

But he is wrong about why. We are in this mess for the same reason that cause the great depression. Government handouts and socialism.

Get government out of the way and this economy will spring back to life. Stop the handouts to the dead beats and they will get up and get a job or create one.


21 posted on 01/14/2014 11:10:40 AM PST by TexasFreeper2009 (Obama lied .. the economy died.)
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To: ex-snook

You can thank the unions for that, not the “crony capitalists”

Unions and government destroyed our manufacturing.


22 posted on 01/14/2014 11:12:41 AM PST by TexasFreeper2009 (Obama lied .. the economy died.)
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To: xzins

An honest, Christian Chief Executive would acknowledge this and try to do something about.

Well, we all know that what we gots ain’t that, fo’ damn sure!

Stinkin’ traitor Muslim.


23 posted on 01/14/2014 11:12:53 AM PST by Gaffer
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To: Buckeye McFrog
"Hence our headlong plunge into Socialism IMO."

Socialism thrives when capitalism fails to produce jobs.

24 posted on 01/14/2014 11:13:12 AM PST by ex-snook (God is Love)
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To: xzins

When the Federal Reserve is disbanded the full scale of America’s economic destruction will be evident. We are in a hidden depression for years and the Americans that are sucking on the welfare had no idea the destruction they are causing. It is mounting and when the Feds are kicked out of our economy the crash will happen in days, maybe almost immediately. America is finished and may never recover but might become a dictatorship


25 posted on 01/14/2014 11:13:20 AM PST by Logical me
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To: TexasFreeper2009

With all the other manipulation of data,
there’s no doubt in my mind that the growth rate
is being monkeyed with - yes I said it - and we have
been in the negatives since 2008.


26 posted on 01/14/2014 11:15:04 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: xzins
If we included those, the unemployment number would be at 20%.”

That's been my experience in job hunting on and off the past five years. The job market is brutally tough.

27 posted on 01/14/2014 11:17:33 AM PST by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: DaxtonBrown

Excellent resource. Thanks!


28 posted on 01/14/2014 11:19:36 AM PST by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: cuban leaf

“I wonder what would happen if EBT cards suddenly stopped working for, say, a week.”

I believe we saw what happens when the cards stopped working for a few hours. Extrapolate from there.


29 posted on 01/14/2014 11:29:22 AM PST by MNGal
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To: cuban leaf
I wonder what would happen if EBT cards suddenly stopped working for, say, a week.

We saw what happens when the EBT cards stopped working for just an afternoon. Looking further, when Sandy came through, it only took 72 hours and people were dumpster diving for food.

A monetary collapse will be a truly ugly thing and I don't think it will creep up on us. Knowing this government, we might just wake up one day to closed banks and a crashed stock market.

30 posted on 01/14/2014 11:39:19 AM PST by Ghost of SVR4 (So many are so hopelessly dependent on the government that they will fight to protect it.)
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To: cuban leaf

“What I find interesting is that back in 2007 I said this could get “as bad or worse than the great depression”. At the time it sounded like crazy talk, EVEN TO ME.”

In 2007 I said, “We are in a depression.”


31 posted on 01/14/2014 11:47:17 AM PST by dsc (Any attempt to move a government to the left is a crime against humanity.)
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To: ex-snook

“Socialism thrives when capitalism fails to produce jobs.”

Lemme harken back to Hayek: what is meant by “capitalism” is simply the way people act when nobody is pointing a gun at their heads. They exchange money, goods, and services among each other as seems best to them.

Taxes, regulations, prohibitions, et cetera, distort “capitalism,” which eventually morphs into mercantilism, and this is what we in the US have had for decades, now. Perhaps a century.

People, left alone, will create jobs. The so-called problems with “capitalism” are actually problems with the distortions imposed upon “capitalism” by government.

Also good to remember that the word “capitalism” is a pejorative invented by leftards to slur the far better system of leaving people alone.


32 posted on 01/14/2014 11:59:21 AM PST by dsc (Any attempt to move a government to the left is a crime against humanity.)
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To: TexasFreeper2009

What about robotic automation? I think that has eaten into a lot of the unskilled work force. I don’t think Unions or the government are at fault for that.

Having said that, I think the USA is still the number 1 manufacturer on the planet if you look up the statistics.

I think many industries such as automobiles has some manufacturers that are unionized while others are not.

I think some manufacturing is coming back to the USA as has been reported.

I am not so convinced as you.


33 posted on 01/14/2014 12:22:08 PM PST by hawkaw
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To: MrB
With all the other manipulation of data, there’s no doubt in my mind that the growth rate is being monkeyed with - yes I said it - and we have been in the negatives since 2008.

Actually longer than that.

The blue lines = stats stripped of changess designed to hide what is really going on:






34 posted on 01/14/2014 12:43:43 PM PST by khelus
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To: OneWingedShark
You left out one. The amount of physical gold reported by the Secretary of the Treasury shall be audited by an independent auditing firm, who shall have physical access to the gold to conduct its audit.

Otherwise, the report of how much gold we have is going to be just like the unemployment numbers.

35 posted on 01/14/2014 12:44:25 PM PST by Hardastarboard (The question of our age is whether a majority of Americans can and will vote us all into slavery.)
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To: Hardastarboard
You left out one. The amount of physical gold reported by the Secretary of the Treasury shall be audited by an independent auditing firm, who shall have physical access to the gold to conduct its audit.

Otherwise, the report of how much gold we have is going to be just like the unemployment numbers.

Yeah, I was toying around with the idea that misfeasance w/ reporting numbers would be a capital offense.

36 posted on 01/14/2014 12:52:42 PM PST by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: dsc
what is meant by “capitalism” is simply the way people act when nobody is pointing a gun at their heads.

That's way more pithy than the way I put it - that "capitalism" is the default human condition, like gravity.

37 posted on 01/14/2014 12:54:09 PM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: OneWingedShark

Ah... and the left would LOVE to have capital offenses that they could manipulate to have their political enemies put to death at the hands of the State.

That’s the innermost desire of all lefties.


38 posted on 01/14/2014 12:55:38 PM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: hawkaw

eliminate the corporate income tax, outlaw unions, place limits on litigation and liability, and repeal the last 100 years of government laws and regulations (at the local, state and federal level) that negatively affect business and you would see an explosion of manufacturing in the US unlike the world has seen since the industrial revolution.


39 posted on 01/14/2014 1:21:26 PM PST by TexasFreeper2009 (Obama lied .. the economy died.)
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To: dsc

I don’t know if you would like this any better.

Socialism thrives in a democracy when business doesn’t create enough jobs.

When voters have jobs [business gets the credit], they vote Republican, Reagan 2x, Bush, Bush 2x. When voters don’t have jobs, they vote Democrat {depends on government}, Clinton 2x, Obama 2x. People vote their pocketbook, majority wins. Losing elections is the price the GOP pays for job exporting free trade agreements.


40 posted on 01/14/2014 1:23:15 PM PST by ex-snook (God is Love)
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