Skip to comments.US is Set to Restage the Greek Tragedy
Posted on 11/09/2012 7:06:52 AM PST by SeekAndFind
The US has finally voted and the dark visions of America's future broadcast on television screens across the country -- and most intensively in battleground states -- have come to an end. Supporters of both Barack Obama and Mitt Romney had developed doomsday scenarios for what would happen if their candidate's opponent were to win. Four more years of Obama, the ads warned, would result in pure socialism. A Romney presidency would see the middle and lower classes brutally exploited.
But following Obama's re-election, Americans are now facing a different, much more real horror scenario: In just a few weeks time, thousands of children could be denied vaccinations, federally funded school programs could screech to a halt, adults may be forced to forego HIV tests and subsidized housing vouchers would dry up. Even the work of air-traffic controllers, the FBI, border officials and the military could be drastically curtailed.
That and more is looming just over the horizon according to the White House if the country is allowed to plunge off the "fiscal cliff" at the beginning of next year. Coined by Federal Reserve head Ben Bernanke, it refers to the vast array of cuts and tax increases which will automatically go into effect if Republicans and Democrats can't agree on measures to slash the US budget deficit.
(Excerpt) Read more at spiegel.de ...
Nobody is going to bail the US out
Nobody can bail out the US.
Their fiat currencies are in worse shape than ours.
And China is crashing.
Yeah, it’ll be a ‘Greek tragedy’ alright.....The Idiotid.....
The rest of the global economy depends on the US being healthy. If the US begins to go down the path of Greece, not only can no one bail us out, but it will become a re-inforcing downward spiral as weakness in the US sparks weakness abroad, which decreases the pool of credit to sop up US government borrowing, which causes more US weakness, which causes more weakness abroad, etc.
Pop some popcorn and watch the fireworks. The West—in one final lesson, will learn the fatal flaw of socialism and mob-ocracy.
And, where is the Republican party drawing attention to the plunge in stock market values directly resulting from the election outcome. The leftist media presents the message in a weasel-way by calling it fear of the “fiscal cliff” without identifying those responsible for the cliff in the first place. However, that cliff would have been averted with a Romney-Ryan win. Wall St was anticipating that but the unpredicted Obama win led to people pulling out of markets in anticipation of lower earnings/higher taxes. It is one of the most direct and mathematically straightforward consequences in history.
Having fun with Photoshop, I see. Great work, especially the header. $:-)
China’s economy was one big shell game, those empty cities should have been a big glaring sign to anyone who was paying attention that it was all fakery
I hope Republicans don’t cave in and compromise but they
I would rather take the taxmageddon and the chaos that will ensue. If you hasten the impending economic collapse then
you will arrive faster at a place where you can really do a
thorough barn cleaning by whatever “means” necessary.
That and the ridiculously low rates of electricity consumption.
Empty, dark, unpowered cities, roads not being driven on.
It’s amazing and frightening how many pundits in this country tried to sell us on a huge China boom (Jim Rogers anyone?)...USING “DATA” FROM THE COMMUNIST CHINESE GOVERNMENT.
They were all fake numbers.
But hey, they are just trying to protect their investment. If they can’t lend us more money, then we can’t pay them back, and they lose lots of cash.
Look for commodities to plunge when China starts selling their stockpiles to purchase food to feed their people, who have given up agriculture in droves to work in the cities.
The plunge could be a legitimate, much needed correction to a massive bubble in the equities market.
Or it could be that TPTB are forcing it to plunge so that they can get another round of QE ‘to save the markets,’ which they will really use for their own profit.
All that money we “borrowed” from China, where did they get it?
They didn’t. Much of it was monopoly money from the get-go, sort of like 5th hand derivatives.
It was all a shell game. The game is coming to a conclusion.
and why did anyone ever believe government statistics? Look at the US unemployment and inflation stats, both are totally fake.
The MSM only says that the “fisscal cliff” means the economy will be hurt by less government spending. The local FOX broadcast station was saying it this morning. They also did not say tax hikes they said “revenue” instead.
Drives me crazy.
My voice is raw from shouting that from the rooftops.
It’s all a painted mirage.
And the communist democrats will rise from the ashes and extend their hand of tyranny as they look upon the destruction they wrought!
You get what you vote for.