Posted on 12/17/2011 3:23:42 PM PST by blam
Could this be the great transition from socialism to communism that Karl predicted? Europe is much farther down the Cloward-Piven path.
This economist has been writing about the Euro crisis and why it can’t be solved.
He gives lots of charts, also showing how the Fed has no ammo left.
http://confoundedinterest.wordpress.com
So, I don’t have to panic till 2012. That’s way off next year.
So the only glimmer of hope is throwing more good money after bad? Smells like bullsh*t.
Actually they're throwing bad money after bad. It's all newly-created on Ben Bernanke's say-so. It isn't backed up by any production of tangible goods and then saved by consumers or businesses.
It's just electronic representations of green pieces of paper with clever anti-counterfeiting threads. Those threads are a device to keep us from printing new ones. Our betters have the passcode to bypass it.
Apparently Ms Lagard is always, “the last to know”!
The Globalist Bastards make their play.
Any other time the U.S. would refuse to attend. With Obozo at the helm, the Titanic is listing to port.
Illegal POTUS, Traitorous Bastards in DC, Global Banking Fraud, walking away from unfinished military action. Very Very bad prescription.
Total Meltdown or open military conflict? We shall see.
1. The United States is sending material and jobs to an aggressive oriental country.
2. Financial markets are in turmoil.
3. The dollar is divorced from any reality.
4. The United States government has been politically intervening in all sectors of the economy.
5. The Constitution has been trampled.
6. Favored corporations/banks/cronies have been deemed “too big to fail/prosecute”.
7. Close to 20% of the true workforce is unemployed.
8. Soup kitchens abound (they're called food stamps and unemployment compensation).
9. The Administration, Senate, and half the Supreme Court are in the hands of Marxist traitors.
This looks sooooo familiar.
Hang onto your socks. Great Depression II & WWIII are on our doorsteps!
Are you telling me that spending trillions of fiat dollars on entitlements might not be economically sustainable??
/sarcasm
I suppose that will bring in the opportunity for a one world currency they so desire...
It worked so well for the Euro, why not do it planet wide...
Hundreds of hours away.
Looking for the exit. It’s 1861 all over again.
PLUS, The Fed just loaned some bank over $300 billion through the discount window (see charts at this economist’s blog site).
http://confoundedinterest.wordpress.com
Worry not EU and all the World...Obama will ride to the rescue of the liberal elites, and as for the masses of serfs...be it known, our borders are wide open and welcoming all with unhindered access to the land of plenty, free for all.
“Murphy was an optimist”
A large helping of EUO looks pretty good right now, with a side order of DXD and a little SIJ and SDS for good measure.
Well, if it works... then we stand to be the benificiary of all the European assets they had to hock in order to get our paper ‘money’.
If it doesn’t, we’ll have nothing to show for it.
Sounds like they are trying to talk themselves into a depression.
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