Posted on 11/19/2012 6:38:26 AM PST by jmaroneps37
Whether Barack Obama’s policies are popular or not is immaterial. They are destructive and will eventually be seen for what they are by all but the most dedicated parasites among us.
The pain Obama will cause us all will injure us all to one degree or another and time will bare this prediction out.
Time will enable us to say “We told you so” although that will be little consolation. Things are so bad the world over that nothing can stop the eventual collapse of the global financial markets.
This is the situation we face according to well respected Economist Jim Fitzgibbons who heads the Highlander Fund.
Here are Fitzgibbon’s observations and predictions.
”We will be contracting in 2013 (Recession…Depression). I had originally thought a clear implosion was due Q2 2013, but I now have to consider a moving up in time.”
“[The coming recession] runs the risk of being substantially worse than what happened in 2008. This is a global bank melting, not just an American event. Our model suggests a few things at the moment: ”Risk assets are about to get clobbered in 2013 and a Bear market bottom is due by Q4 2013, a bounce that is pathetic and a final crushing bottom in 2016.”
” Real economic activity is about to slow precipitously and commence a serious global contraction.”
“Real economic activity is about to slow precipitously and commence a serious global contraction.”
” We are stuck in a Banking deflation. Inflation and hyper-inflation cannot get a foothold until new credit can be created and lent quicker than the repudiation and destruction of outstanding debts. So far, no such evidence.”
“Storm Sandy will knock real GDP much lower than most originally forecast…0% to 1% annualized……..
(Excerpt) Read more at coachisright.com ...
The only fiscal cliff is the one in which the government completely runs out of resources to meet its commitments and its responsibility.
All that tells me is that Barry and the Fake White Indian will finally achieve their long cherished goal to seize control of the banking system.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.