Posted on 12/18/2011 8:36:35 PM PST by TitansAFC
The unstoppable US economic spiral: Recession/depression/inflation
In fact, the United States ends 2011 in a state of weakness unmatched since the Civil War. They practice
no significant leadership at international level. The confrontation between geopolitical blocs is sharpening
and they find themselves confronted by almost all the world’s major players: China, Russia, Brazil (and in
general almost all of South America) and now Euroland37. Meanwhile, they cannot control unemployment
where the true rate stagnates at around 20% against the backdrop of an unabated and unprecedented
reduction in the labour force (which has now fallen to its 2001 level38).
Real estate, the foundation of US household wealth along with the stock market, continues to see prices
drop year after year despite desperate attempts by the Fed39 to facilitate lending to the economy through
its zero interest rate policy. The stock market has resumed its downward path artificially interrupted by
two Quantitative Easings in 2009 and 2010. US banks, whose balance sheets are much more heavily
loaded with financial derivative products than their European counterparts40, are dangerously approaching
a new series of bankruptcies of which MF Global is a but a precursor, indicating the absence of procedural
controls or alarms three years after the collapse of Wall Street in 200841.
Poverty is gradually increasing in the country every day, where one in six Americans now depend on food
stamps42 and one in five children has experienced periods of living on the streets43. Public services
(education, social, police, highways...) have been significantly reduced across the country to avoid city,
county, or state bankruptcies. The success with which the revolt of the middle class and the young (TP
and OWS) has met is explained by these objective developments. And the coming years will see these
trends get worse.
The weakness of the 2011 US economy and society is, paradoxically, the result of the “rescue” attempts
carried out in 2009/2010 (stimulus plans, QE ...) and the worsening of a pre-2008 “normal” situation.
2012 will mark the first year of deterioration from an already badly impaired situation44.
From Leap 2020
It would be ridiculously easy to take excerpts from this interview and put together a great anti-Romney ad.
I suspect even some of Romney’s base support would be shaken by some of the statements he’s making here.
We're dealing with a guy who tried to out-liberal Ted Kennedy, all in an attempt to get elected. He will do and say anything because he has no principles. A true career politician who just lost more elections than he's won. He never takes the conservative route because he is no conservative. If he is the nominee, get ready to be neck deep in this Obama-Lite bulls**t. He thinks he doesn't need us. Our values aren't important.
He thinks he has the nomination in the bag so he's not even going to try to hide it anymore. He's not pandering to the middle class. He's pandering to LIBERALS. "The wealthy are doing fine"? I feel like I'm listening to Obama.
Mitt is already throwing conservatives under the bus. You couldn't pay me to vote for this socialist wimp.
In front of the travel poster shop on Bourbon Street, New Orleans, 1999! I knew I’d seen him somewhere.
From my bro Steve Cooper : I want to point out the hypocrisy from wealthy people like Hannity, Rush and Cain. The economic system has already been shot in the heart. So, stop lying that the system is fair and that anyone can be a success like the good old days. Banks are not giving loans like they used to, because they know the end is near...a total take over. World Government will be used to control all banks and money.
Thanks TitansAFC.
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