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The US is the new Switzerland
CNBC ^ | 07/30/2014 | Ron Insana

Posted on 07/30/2014 2:06:26 PM PDT by SeekAndFind

Edited on 07/30/2014 2:10:39 PM PDT by Admin Moderator. [history]

U.S. markets have been remarkably calm in the wake of escalating violence around the world, whether between Israel and Hamas, or Russian proxies and Ukraine, to name but two of the planet's hottest spots.

And with every ill wind that blows, money appears to be blowing westward with ever greater frequency.


(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: switzerland; usa

1 posted on 07/30/2014 2:06:26 PM PDT by SeekAndFind
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To: Gamecock; Larry Lucido; KC_Lion

~~~the new Switzerland~~~

It’s a bit ‘hilly’, don’tcha think?

No, no references to ‘Hard Choices’ fake writer.


2 posted on 07/30/2014 2:09:39 PM PDT by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: SeekAndFind
But the U.S. remains a bastion of stability

Our deficits are still through the rough. Our entitlement spending is out of control and unsustainable. No one has demonstrated any political will to get our fiscal situation under control. Inflation is rising and our currency is headed for a drop in purchasing power parity. And we are teh bastion of stability???? That's a sad statement about the rest of the world.

3 posted on 07/30/2014 2:11:38 PM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: SeekAndFind

The new Switzerland? So when do I get my government issued assault rifle and 50 rounds of ammo to take home?


4 posted on 07/30/2014 2:16:12 PM PDT by Blood of Tyrants (The cure has become worse than the disease. Support an end to the WOD now.)
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To: SeekAndFind

Just like Switzerland, except that…

1. No banking secrecy

2. Gun ownership is under attack like never before

3. We stick our nose into the business of everyone

4. We’re nuts about multinational organizations

5. Our system of federalism is under attack —state sovereignty under attack

6. Our immigration system is a joke, i.e., can the invader walk in

7. TONS of stupid, expensive social programs that don’t work


5 posted on 07/30/2014 2:16:23 PM PDT by gaijin
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To: Opinionated Blowhard

When the whole world is going to sh*t, you look for the least full porta-potty.


6 posted on 07/30/2014 2:17:53 PM PDT by Blood of Tyrants (The cure has become worse than the disease. Support an end to the WOD now.)
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To: SeekAndFind

The new Switzerland? Not with respect to financial privacy. It gets more invasive here with every passing day.


7 posted on 07/30/2014 2:20:48 PM PDT by Pearls Before Swine
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To: Pearls Before Swine

RE: The new Switzerland? Not with respect to financial privacy

With due respect to the author, it was the USA that BULLIED Switzerland into DESTROYING their banking privacy.


8 posted on 07/30/2014 2:27:18 PM PDT by SeekAndFind (If at first you don't succeed, put it out for beta test.)
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To: Blood of Tyrants

RE: When the whole world is going to sh*t, you look for the least full porta-potty.

So, the USA is not Full of s**t, just half-full?


9 posted on 07/30/2014 2:28:18 PM PDT by SeekAndFind (If at first you don't succeed, put it out for beta test.)
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To: SeekAndFind
Much of this -- if not all -- is because of two things:

1) The disruption caused by conflicts overseas, namely Europe taking fallout from the Ukraine/Russia conflict, Europe and Asia Minor taking fallout from the Middle East conflict, Asia in turmoil over the emerging five-way Spratley offshore oilfields conflict, and I suppose that we won't have long to wait before India/China/Pakistan start something up again. Golly, the whole planet outside of the Americas is in chaos. Anyone for a round of golf?

2) The USA's phenominal success with 'Fracking'. We now produce more oil than Saudi Arabia and meet all of our own needs alone. Who needs the Arabs these days? They can all go spoon a goose.

Economically, the United States is best off doing absolutely nothing right now. Maybe Obama *should* just go play golf and eat ice cream.

10 posted on 07/30/2014 2:41:02 PM PDT by The KG9 Kid
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To: SeekAndFind

Nearly half are Democrats, aren’t they?


11 posted on 07/30/2014 3:24:56 PM PDT by Blood of Tyrants (The cure has become worse than the disease. Support an end to the WOD now.)
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