Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: bruinbirdman

“The figures suggest that, taken with Italy’s tough new austerity measures, the country may be pushed into its fifth recession since 2001.”


Leave it to the news media to try and spin some sense into nonsense.

Did Italy ever come out of a recession? If Italy has had 4 recessions, how many recessions does it take to make 1 depression?

The silliness along with the pain continues as politics collides with finance. Banksters don’t care who carries the burden of misery as long as they can collect fees and interest on bailouts/loans/infusions/bonds etc.

Once paper begins being shunned then watch for silver to outperform all means of hoarding. Then you will know the panic is in full swing. Maybe after a couple more years of pain.


11 posted on 12/22/2011 12:13:07 AM PST by Razzz42
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Razzz42
"Did Italy ever come out of a recession?"

Kinda reminds one of Japans last 20 years. They celebrate a quarter of .2% growth.

yitbos

12 posted on 12/22/2011 12:54:07 AM PST by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
[ Post Reply | Private Reply | To 11 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson