Thats why there is a gradual sell off of equities on the stock market.
People are selling their equities and putting their money into secure positions for the longer haul ( many off -shore).
Obama? He's toast.
Obama could have changed every thing by ending Capital Gains for 3 years, and zero corporate taxes, and continued tax breaks for Americas investment class, ( so called ).But Obama is "ideologically challenged."
He pooped the chute. Mowed the bone. Shite the bed.That was the fasted demise of a presidency I have ever seen.
Gonzo. Kaput. Kurfed. Bimbaswazzled.
Nothing can now stop the decline, and the bank runs will begin in about 2 weeks.
And Obama wanted it, or else he is just about the stupidest bozo to ever achieve the office.
After the creation of this Obacrisis, watch for the totalitarian fascist roll out to solve all "our" problems.And thats when America REALLY kicks his butt, all the way back to Chicago.
He pooped the chute. Mowed the bone. Shite the bed.That was the fasted demise of a presidency I have ever seen.
I knew it would happen, just not this soon. The only pleasure I have right now is watching the liberals.....they're not smiling anymore.....
The droughts, however, are happening now. Last year everyone got a small taste when they discovered Australian and Argentine grain crops were not available. China stopped all exports of grain crops in any form. So did Russia.
This year the extent of the drought has expanded to include most of the Mideast, the Balkans, Eastern Europe, probably parts of Russia, Khazakstan, the old central Asian republics, the wheat belt in China, and now the Southeastern United States, the Mid-Atlantic States, California, the Southwest, the lower Midwest/MidSouth, and probably the Mediterranean basin (which we won't know for a month or so).
This has the makings of one of those massive killer droughts like happened in the early 1800s.
The very first one occurred over a 3 or 4 year period that encompassed what is known as the War of 1812. Remember? Napoleon's army marched off to Russia just as they had record cold ~ just like they always have in drought/famine years.
This one was so bad it extended from the Northernmost part of Norway across Fenno Scandia North of St. Petersburg, down to Moscow, down to Ukraine, down to Bulgaria ~ and then East to China.
Estimates vary. Some say the deaths were merely in the millions. Others say that when the drought hit Mongolia, China, Tibet, Manchuria and Siberia the deaths were in the hundreds of millions.
No one knows how bad it was but when the Danish and Finish adventurers working for the Czar traversed Siberia to the Pacific, they found it profitable to go all the way to Alaska, which had not been hit by the drought, to find furs to ship back to Europe.
For the most part, no one lived there anymore. Manchuria was empty and open for takeover by the Japanese in less than a century.
The world changed tremendously with just one massive drought. There were another dozen or so of the same sort of thing over the next 50 years. Then they went away.
They're Baaaack!!!!!!
The two are not mutually exclusive!
Obama is over-reaching and it is going to bite him hard.