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I don't know about a complete economic breakdown yet since the US is so resilient, it will take much more debt load to break the camel's back.

The CFTC just released this announcement related to the CME withdrawing as a European Derivatives Clearing House: March 13, 2012...With that, this coming March 19th, Euroland rearranges the deck chairs. A heads up, to see if the banks have everything under control or not in the coming days.

1 posted on 03/14/2012 12:04:37 AM PDT by Razzz42
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To: Razzz42

“We have always been at war with Eastasia...”


5 posted on 03/14/2012 2:44:56 AM PDT by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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To: Razzz42

anybody that has been paying attention for the past few years knows that this economy is circling the drain and the Obama administration’s economic statistics are just more lies from the king of liars himself, Barack Obama.


6 posted on 03/14/2012 2:57:41 AM PDT by RC one (the majority of republicans agree, anyone but Romney.)
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To: Razzz42
The nonpartisan agency projected the government will run a deficit of $229 billion in February, the highest monthly figure ever.

I believe that in 2007, Bush had an annual deficit of $160B.
Worst economy since Hoover.
Deficit spending was killing the economy.
Congress was out of control.
Bush was a disaster.

Obama? Monthly deficit is almost 50% higher than Bush's annual deficit?? Oh, it's all good. We're in Recovery.

7 posted on 03/14/2012 3:11:40 AM PDT by ClearCase_guy ("And the public gets what the public wants" -- The Jam)
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To: Razzz42

I listen with frustration at news reports that say we are adding so many jobs to the economy when so many people I know, my son included, have been laid off from work. My son, who is only 28, has a college degree and has been working since he was in high school cannot find a job! He sends out resume after resume and not one of those jobs calls him in for an interview. I no longer can afford to live in my apartment since my salary has not risen in 4 years and gas costs more than double since that time. Who ever would have thought that gas would cost for many nearly $100 a week. Something is not right; something is very wrong here.


8 posted on 03/14/2012 3:18:47 AM PDT by sueuprising (The best of it is, God is with us-John Wesley)
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To: Razzz42
Nonsense!

Obama just announced 2.5 Gazillion new jobs manufacturing Chevy Volts!

Another 4.5 LaShillion jobs handing out Section 8 "vouchers."

And 5 new fat paying jobs for Obama's cronies sitting on Minority Health boards dolling out ObamaCare.


9 posted on 03/14/2012 3:33:30 AM PDT by SkyPilot
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To: Razzz42
I always thought the Gov was counting welfare recipients as not-employed instead of unemployed.
Rats have a way with wordplay to deflect the truth and I think this is true here.
10 posted on 03/14/2012 3:43:05 AM PDT by MaxMax
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To: Razzz42
If we can rid ourselves of the kenyan, marxist, usurper in November, we will be doing a LOT better starting at the end of January.

FUBO GTFO! 312 Days until Noon Jan 20, 2013

12 posted on 03/14/2012 5:46:53 AM PDT by The Sons of Liberty (Psalm 109:8 Let his days be few and let another take his office. - Mene, Mene, Tekel, Upharsin)
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To: Razzz42; blam; Kartographer; Travis McGee
Collapse Coming–Not Recovery”

PING!

14 posted on 03/14/2012 6:18:32 AM PDT by DCBryan1 (Tagline removed at the request of someone who doesn't "get" Monty Python or Shakespear.)
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To: Razzz42

‘With that, this coming March 19th, Euroland rearranges the deck chairs. A heads up, to see if the banks have everything under control or not in the coming days.’

is this the date that greece will miss their debt payment


18 posted on 03/14/2012 10:53:06 AM PDT by blam
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To: Razzz42

This Muslim government has intentionally cashed a check that its infidel citizenry cannot cash. There is no other explanation than intention. We are in some deep, deep doo-doo....


23 posted on 03/14/2012 2:49:57 PM PDT by Gaffer
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To: Razzz42

I recall 2% mortgage rates in the fifties at one point. Right now we are being milked to bail the banks.


31 posted on 03/15/2012 8:11:07 AM PDT by Chickensoup (In the 20th century 200 million people were killed by their own governments.)
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