"So politicians in Europe are really caught between a rock and a hard place. They can't keep racking up these unsustainable debts, but if they continue to cut government spending it is going to push their economies into deep recession and their populations will riot." This is our situation too...I believe it will (eventually) end with hyperinflation.
No government that adopts the austerity required will survive and the next will continue spending into hell.
When is about the only unknown.
Acquire 'stuff' now.
There is (still) no peaceful way back from here, IMO.
1 posted on
04/14/2012 10:51:00 AM PDT by
blam
To: blam
I particularly like the part about malaria having returned to Greece.I've been to parts of EAST AFRICA that don't have malaria.Sounds like Europe is slowly circling the toilet.Or not so slowly.
2 posted on
04/14/2012 11:00:27 AM PDT by
Gay State Conservative
(Unlike Mrs Obama,I've Been Proud Of This Country My *Entire* Life!)
To: blam
The prudent family will buy necessities now for cash and store them for the dire times to come. No need to take a vacation or spend cash frivolously now, when mass unemployment in the future will give millions plenty of time off.
4 posted on
04/14/2012 11:30:18 AM PDT by
txrefugee
To: blam
And the wars came.......... The endpiont is obvious. The people pay the price in blood for poor leadership. May YHWH have mercy on the US.
To: blam
but if they continue to cut government spending it is going to push their economies into deep recession... What????
That sounds like zero's reasoning when he spent $4.5 trillion we didn't have.
6 posted on
04/14/2012 12:06:16 PM PDT by
SunTzuWu
To: blam
Help a blind man.
What is the source of this?
I see the author, but no source. Good stuff, but I want to use it to convince some family members to buy more gold, and want to be sure the nums are legit before I get faced by a stockbroker brother in law.
thx
To: blam
Greece is a perfect example of this. Greece has been going down the austerity road for several years now and they are experiencing a full-blown economic depression, riots have become a way of life in that country and their national budget is still not anywhere close to balanced.Some have found ways to cope: Greece bartering system popular in Volos
A future buzzword : "Got Tems?".
12 posted on
04/14/2012 3:10:16 PM PDT by
Oatka
(This is America. Assimilate or evaporate.)
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