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 ...
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:
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