Skip to comments.Why we are on the brink of the greatest Depression of all time
Posted on 12/29/2012 11:21:11 PM PST by MinorityRepublican
Everywhere from FoxNews.com to CNBC.com, I suddenly see commentators warning of pending doom, economic collapse, and a new Great Depression. Welcome to my club. Perhaps America's politicians and economists should have paid attention to an entrepreneur and small businessman that has been warning of economic collapse and a new Great Depression publicly for over two years.
More importantly, none of the current commentaries mention the "why's" of this slow motion economic collapse...beyond the obvious -- mountains of deficit and debt. None of them mention the dysfunctional structure of the current U.S. economy and the massive changes in the work ethic and mindset of the average American.
I am a successful small businessman and a patriot who loves America and always sees its greatness. I am also an optimistic, positive thinker who always sees the glass half full.
But not this time.
This time we are in such deep trouble, the only solution is a radical restructuring of the politicians, the economy, and the way we view personal responsibility versus government handouts. If those changes don't come then we are facing a long decline and the eventual end of America.
(Excerpt) Read more at foxnews.com ...
Didn’t this guy all but guarantee a Romney win?
...Until they got a Democrat elected President.
Who can forget the raised eybrows of that Canadian scumbag Peter Jennings throughout the campaign of 1992 as he began what seemed like every nightly ABC newscast with, "More bad news for George Bush tonight..." Yep, Jennings and the rest of them took their cue from James "It's the economy, stupid" Carville and ran like hell with it.
And who can forget the New York Times congratulating Clinton in February 1993 for bringing the nation out of its recession, even though the data that showed improvement in the economy was from a previous quarter, before Clinto even took office? Sure, the New York Times did acknowledge its error when called on it, and even printed a correction a few days later - - deep in the paper where casual readers wouldn't notice it.
Of course, the President is not a Republican, but a Democrat. The Democrat "mainstream" newsrooms worked hard to get their communist scumbag Ubama elected and you better believe they will do everything in their power to protect him. Lying about the economy is "job one".
What we are witnessing now from the Democrat "mainstream" newsrooms is an approach to reporting on the state of the economy that would make "Baghdad Bob" blush. They relentlessly continue to report on the status of the make-believe "recovery" as if anybody with an IQ over 75 even buys the premise that there is a recovery at all. You can only wonder if the Democrat anchors, reporters, and pundits inwardly roll their eyes at their own brazen hypocrisy.
“Didnt this guy all but guarantee a Romney win?”
And your point is? Do you dispute the facts that he articulates in his article?
[ I am also an optimistic, positive thinker who always sees the glass half full. ]
says the author...
There you have it then.. he’s playing the GLAD Game..
the game PollyAnnna liked to play when faced with facts..
i.e. Ignore reality..
The House and the Senate are doing “WeekEnd at Bernies” with the republican party..
Each one under each of Bernies arms.. holding him up..
Clue to the author..: The republican Party is quite DEAD you know?..
,mm I see nothing to doubt in this article..The sloth in this society, encouraged by government corruption cannot be overcome. The folks who are buying guns as never before know these things and situations like Benghazi confirm for them that a government not willing to defend their own certainly do not give two hoots about citizens outside of the ballot box..They also believe that Diane Feinstein is not about doing anything to protect society..She is about taking care of her own skin when it all falls apart. Government wants to disarm Americans for the time when the consequences to government and legal actions begin to roll in..They want Citizens to be sitting ducks as the violence and blood shedding take over. They plan to survive and they do not want your self-reliance to help you and your family survive..Increasingly, people are believing that the US government is the #1 enemy of the American people. I hope all the patriots in my state will be armed soon.
What does it mean when Ann Barnhardt's basic explanation of our current fiscal future appears in mainstream news?
What does it mean when Ann Barnhardt’s basic explanation of our current fiscal future appears in mainstream news?
Like a dying engine the economy may get better for a moment or two but the path is clear....it's dying.
We are actually being purposely pushed right into it. Transformation, restructuting same sh##. None of these guys wants to do the right thing. Thier goal is not ours
“We are actually being purposely pushed right into it. Transformation, restructuting same sh##. None of these guys wants to do the right thing. Thier goal is not ours”
It is very possible we are seeing a purposeful implementation of the Cloward-Piven strategy to create a financial crisis that will resulted in a fundamental restructuring of society and the economic system. At some point the markets will lose faith in the dollar. We will have hyperinflation and a collapse of the economic system.
What cannot continue will not continue. The question is when will the turning point come?
When the economic collapse comes there will be chaos, confusion, and likely a breakdown of the social order. While those executing this strategy undoubtedly have a vision for what is to come, the variables are too many for them to manage the outcome. If Obama and his team foresee a communist dictatorship of the left, they may find they have unleashed forces that result in a dictatorship of the right instead of the left. We could also see a military coup that restores order and then relinquishes control back to a civilian rule of a dramatically reduced government. It is also possible we could be invaded militarily during a crisis and defeated. One North Korean EMP device exploded above the central US would effectively destroy our technology enabled infrastructure facilitating a west coast invasion by the Chicoms and a southern invasion by Mexico to take back Texas the Southwest. Another scenario is years of anarchy and civil war.
Whatever happens, from the ashes society will rebuild someday and in an unpredictable form. This is the history of mankind.
“It is very possible we are seeing a purposeful implementation of the Cloward-Piven strategy “
I’m convinced we’ve gone way past “very possible” in this case. It’s total certainty by now. The kenyan has all engines at warp speed already.
1. A dictatorship on behalf of the Takers. This is more likely than you think given how many people now depend on the System for their very survival. Picture the average Taker as someone who gets the the necessities free for basic living, communication and entertainment: food, computer, phone, cable, pot, rent, and healthcare. These people will have no responsibility but to eat, watch TV/Internet all day and get stoned. Those who still have the ambition to better themselves probably always have an incrementally better standard of living than the Takers (car, better house, better schools for kids, etc), but will be virtual slaves to them. And with every passing year there will be fewer and fewer of them.
2. Civil War -- Which results in a massive death toll and restructuring of society. It will probably happen much like in Syria, with local flareups that spread until the whole country is engulfed. In this War, the Takers will lose simply because they won't have the requisite skills, intellectual capability or moral fortitude to effectively fight.
I also hate to say it, but any “restructuring” will probably have to eliminate the right of every citizen to vote. Voting should only be allowed for those who make a positive contribution to society, vs. merely breathing.
A basic test would be those who pay above a certain level of taxes vs. those who don’t. Maybe with exceptions for those who have [honorably] served in the Military.
There are too many pundits.
“Didnt this guy all but guarantee a Romney win?”
Romney did win the popular and legal vote, he lost the illegal vote which put Obama ahead...
There were, IMHO, two major causes.
The first, and perhaps most critical, was President Reagan's SDI program. It loaded a whole new financial burden on a weak economy. The Soviet leadership were faced with either adding more debt or surrendering their perks and power. They chose to add a whole new industry, their counter point to SDI, with all the associated costs. Why else would our abandonment of SDI become their only demand for continued arms reduction?
The second was their absolute insistence on a centrally managed economy. With all the time lags, and intermediate bureaucracies this meant nothing could be produced at any viable levels. Again their leadership were faced with either adapting or collapsing.
Where is the US today?
We have more central management of our economy than ever. And, we are seeing where that is leading (the last 40 months of employment figures - the total package - tells us that. Our national and state leaders have the same choice - change or collapse. Want to guess which route they are taking?
The push for green energy and sustainable growth have created massive problems and out right corruption as the central government “manages” the growth of this whole new industry which has no demand for it. Our national and state leaders need to make a choice - cut our losses or collapse. Again, want to take a guess which route they will take?
The absolute impact of criminally stupid economic policies is in the world's most recent past - well within the “living memory” of our Republic. Unfortunately our leadership firmly believes that it can not, will not, must not happen to them. Why? because they weren't in charge during the last collapse therefore their repeat of the same policies will come out different.
Great article in Wired...a world without jobs
The folks who are buying guns as never before know these things and situations like Benghazi confirm for them that a government not willing to defend their own certainly do not give two hoots about citizens outside of the ballot box.
This guy helped Alqeada take over a nation. He wasn’t one of ours, but he was one of Obama’s.
It is my belief, decline of America IS the agenda with some very powerful folks in this country.
No more American exceptionalism, no more lone superpower. These people want America to be just another nation, among nations.
Remember Obozo leaning over (hot mic moment) and whispering to the Russian leader...”wait till after the election...”.
If America unilaterally reduces our nuclear arsenal, then we become less threatening, thus prompting other countries to reduce their stockpiles and or become less aggressive toward the U.S..
So it goes, we now have another four year nightmare ahead.
I have been saying that for years. Very few look far enough ahead of their next bout of "greedy consumption" to see what is looming ahead. I decided to protect myself and my family as best I can and hunker down for a Soviet or Argentine style economic future.
Obama&Co. = Economic Collapse
We are not only on the verge of an economic Depression greater than that of the 1930s we are also on the verge of the greatest tyranny since King George ruled us as colonies. Read the Declaration of Independence especially the list of “usurpations” imposed by King George. You will find the usurpations seem very familiar to current Obama policies.
The mother of all Depressions! This too shall pass. Watch as thye Media blame it all on the Tea Party and George Bush.
There is 0% chance that politicians and the American public will voluntarily cut handouts necessary to avoid collapse. We ARE going to collapse. The only question is, will Americans blame socialism or capitalism? Before Dali Bama was reelected, I'd have answered, “socialism”. Now, I will answer, “capitalism”. That's exactly why the president is trying to CAUSE a collapse. He will blame capitalism and call for an end to it in America. Most will go along with it.
Get ready to hunker down, Folks.
Yeah. I remember the news THE DAY AFTER the election in 1992 running the story that te Recession had ended in May and te economy had in fact been improving since then.
...and emailed to a lot of people I care about.
This article is racist. /s
If he just snapped out of it two years ago, Mr. Root is neither timely nor particularly astute. This has been evident since late 2007 to myself and many others, written about and thoroughly wrangled with on these pages of FR and quite a few others.
The only question remaining is how long can the illusion of near-normalcy be maintained. Longer than many expect is the answer, but the end result will ultimately be the same. If we come out the other end of this inside of a decade, with our currency and nation intact, we should count ourselves lucky, imho.
Some say the glass is half full. Others say the glass is half empty. I say the glass is cracked and leaking, and that Obama broke it. What is scarier, is that Obama is still whacking away at the glass because he wants it broken all the way!
(It's already longer than I expected)
Here’s a harbinger of the illusion winding down, imho:
No vote for net takers.