Skip to comments.Fixing the current crisis causing future one. How coming a financial tsunami can be stopped?
Posted on 05/14/2012 3:14:21 AM PDT by se99tp
Western states are no longer able to repay its debt. Overwhelmingly, the debt burden of a number of stakeholders is predicated on the existence of large-scale and long-term commitments that are at the core of the overall social contract prevalent in the Western world and beyond. The policy approaches employed thus far, whether quantitative easing or twisting have not helped lower the debt waters indeed, they have made matters worse. Instead of quantitative lowering of these waters, at least in the United States, private banks and corporations are using their excess liquidity to re-leverage at a feverish pace, thereby assuring that future financial crises will be worse than the present one In reality, the prospects of global economic growth in the context of prevailing indebtedness are faced, on one side, by the Scylla of austerity measures and the Charybdis of stimulus packages that invariably lead to higher states of indebtedness. Essentially, a damned-if-you-do, damned-if-you-dont conundrum. We are unlikely to navigate safely between these two ancient monsters. There is no evidence that the prospects for a debt tsunami would dissipate in their own right.... The realistic, forward-looking and hopefully sustainable solution will require a new Magna Carta.
(Excerpt) Read more at christianconceptsdaily.com ...
Debts need to be repudiated by the nations and the slate wiped clean.
Intelligible headlines increase readership.
“Drowning in Sovereign Debt: Time for a New Magna Carta”
The rules are that the title must match that of the link. Often with clarification in ( ..) at the end.
It also appears that not a word of the article posted is found at the link.
Think about it: which would the Body Politic, (i.e., the interlocked Liberal Agenda Media (LAM), Democrats and RINOs), find easier to attack, marginalize and ignore?
1.) A single topic attack on them?
2.) A multi-topic attack on them?
Now that their 80 + year Keynesian Rule of us has finally run out of money, we Financial Conservatives know that we have circled the prey and stand ready to attack.
AAHHHHHHRRRRLLLLWWWWWWWwwwwwwwwwwwwwwooooooooooooooooooooooooooooooooooooo - - - - - - - - - - - - - - - - - - -
Necessary to our attack is the attack from as many other types of Conservatives as possible. The more hot-button attacks, the better. Multi-pronged beats single-pronged attacks every time!
Presently the arrogant Democrats either ignore all Conservatives, try to marginalize us as A vast, Right-Wing Conspiracy, or accuse us of being villains, mainly through the Court of Public Opinion which is owned by the Liberal Agenda Media, (LAM).
My overarching point is that politicians come and go, political parties come and go, but the thinking that supports the idea that it is SANE to spend more money this year than was taken in as income last year remains entrenched in the policies of the Body Politic, which is the inter-dependant linkage of the LAM, Dems, RINOs, and most importantly you and I as voters.
Support and vote for who you want to, but before you do look into the eyes of your children and grandchildren and tell them that because of you voting or not voting, THEY will have to work a large part of each of their work days for the rest of their lives to pay back principle AND interest to the owners of US Federal Government Bonds that WE sold to give us OUR Entitlements of Social Security, Medicare, Medicaid, Obamacare, Unemployment payments to workers out of work, Food Stamps, Housing assistance to Illegal Aliens, Free Hospital Emergency Medical and Dental care to Illegal Aliens AND their extended families who continue to live permanently in Mexico, Aid to Dependent Children, No child Left Behind, Federal Aid to Education of Young Socialists, Free Student loans to future Federal politicians and bureaucrats, etc., etc., etc.
BTW, to put all of this into perspective, if you are now paying the very low rate of only 10 % Personal Federal Income Tax, then you are currently working every one of your workdays at 10 % X 8 hours = 0.8 hours X 60 minutes = 48 minutes of EVERY work day for The Federal Plantation located at 1600 Plantation Avenue, in the District of Corruption, USSA.
Those 48 minutes per work day feed the Federal Beast for only 60 % of each year, forcing the current Sheriff of Nottingham Timmy Gee to sell more Federal Bonds that HE says that YOUR grandchildrens descendants will be more than happy to pay off.
Did I just describe a Bond Bubble? Obviously not as I am just a marginalized, and ignored member of The Vast Right-Wing Conspiracy.
Yep, Hilly said it before she became Obamas Secretary of Statements. She knew that eventually we would conspire to replace The Body Politic with a system that works.
You know, the one our Founding Fathers came up with, and clearly specified in THE US CONSTITUTION.
May God Bless America, again. (This time let us not be allowed to take His blessings for granted).
First Bachmann wins the Iowa Straw Poll. Then Romney wins the early count of the Iowa Caucuses, and within a shake of a lambs tail Santorum wins in the late count.
Now an FR article predicts that Ron Paul will have the majority of voting delegates from Iowa.
If Pauls plan to cut 1 TRILLION dollars in year-to-year Federal spending, AND abolish 5 Federal Departments are the main reasons for Iowa Delegates to thaw out their opposition to Paul, then it might later be said that as Iowa goes, so goes the Nation.
BTW, T is for Texas, Tampa and those of us who are TAXED ENOUGH ALREADY!
Here are some more reasons to vote for Ron Paul in the remaining Primary elections:
1.) It will drive the Liberal Agenda Media (LAM) and their Rove-style political consultants NUTS!
2.) It will deny statistical support to Romney.
3.) It could result in an OPEN Convention in Tampa.
4.) It would irritate the snot out of the GOP-E.
5.) It will put the GOP-E on notice that we think that their RINO Party has done NOTHING since we sent 89 TEA Party men and women to the US Congress in 2010.
6.) An OPEN Convention is our ONLY chance of a successful DUMP ROMNEY campaign.
7.) A superb, true Dark Horse Republican Nominee needs an OPEN Convention to replace Romney.
BTW, did I mention the sheer joy of watching the GOP-Endorsers publicly eating crow?
What the Liberal Agenda Media has never figured out, is that the 2012 National Election will be the last National Election where Campaign topics other than the National Debt will be debated again.
IOW, when the grim reaper of financial reality forces Federal Politicians in both parties to pay the US Bond owners before payments to our Entitlement recipients, it will terminate discussion on the main topics that we chatter about so far in 2012.
This National election is all about the money, your grandchildrens descendants money.
Ron Paul is to old and to disliked as being different from what most voters picture a US President to look and sound like to win the Nomination.
HOWEVER, Ron Paul as an Anbody-but-Romney candidate in Tampa is our last, best chance to have an OPEN Convention in Tampa, and for that alone he deserves our Primary voter support.
Paul has soldiered on through this entire Primary Campaign. Let us help him establish a beachhead on the Shores of Tampa!
My Favorite Dark Horse was R Sc US Senator Jim DeMint, but I have been told by those in the know that Jim will not run for POTUS.
Fortunately, there are many other great potential nominees who would be far more acceptable to us than any of the Primary Candidates so far, but a Dump Romney action requires an OPEN Convention.
For those who object to Paul as a Nominee, then treat him as a tired old political soldier who will, with our help, win the Battle to achieve an OPEN Convention in Tampa.
THEN the delegates can win the War, and choose the best Nominee to solve our National Debt Problem.
Remember, this election is all about the money, your grandchildrens descendants money - - - - .
What is the best way that you can use your Primary vote to help the financial future of YOUR descendants?