Posted on 09/12/2010 3:02:42 PM PDT by RobinMasters
Economists peddling dire warnings that the world's number one economy is on the brink of collapse, amid high rates of unemployment and a spiraling public deficit, are flourishing here. The guru of this doomsday line of thinking may be economist Nouriel Roubini, thrust into the forefront after predicting the chaos wrought by the subprime mortgage crisis and the collapse of the housing bubble.
"The US has run out of bullets," Roubini told an economic forum in Italy earlier this month. "Any shock at this point can tip you back into recession."
But other economists, who have so far stayed out of the media limelight, are also proselytizing nightmarish visions of the future.
(Excerpt) Read more at breitbart.com ...
The Obamanoids call it “change”. They didn’t like living in the greatest country in the world and demanded that it be destroyed. They’ve done well. A lot of times, making “history” is not good thing. We’re all finding out that elections do have consequences and should not be treated a some sort of freaky 50s “B” movie or TV show. We’re not in Mayberry anymore Andy.
“…Americans no longer remember the concept of the “business cycle…”
This Econ 101 BS; the many problems which have arisen is due to external influences and too much tampering with econ 101 common sense, responsibility and accountability. Such as Keynesian theories which are nothing more than steal working capital first then paying it back using some else’s credit card monetary policies. While it makes the political class and “Friends of government” well off, is nothing more than taking it from someone else…and when things get real bad, they just print money to make up for it or just add some zeros to an electronic bank account system, transferring from one group to pay for another’s debt for a profitable free ride. aka Change...
The marxists in control now would be very happy to cause economic collapse. One of the tactics of communism is to cause a destabilization of the civil order, so that they can rush in during the confusion and establish a new world order - a communist paradise.
dang and I had six cases on my list to pick up.
guess I'll just have to manufacture them myself.
Oh, pooh. Another round of outsourcing our manufacturing capability to China, and a just few more trillion of government debt, and we’ll be golden again.
EGPWS, Rocket scientist at large.
They aren't ALL gone if you are a .45 user. ; )
It’s not too late to pull back from the brink and become a positive economy again, but it will require the de-Obamizing of our current political climate, some stability and security for businesses and citizens, and each of us agreeing to live somewhat within our means. That may be ten bucks an hour and reduced taxes. It’s still way ahead of what most of the world gets paid.
EXCLUSIVE: Outlook Gloomy at Secret Billionaire Meeting ( Fast Money CNBC)
http://www.freerepublic.com/focus/f-news/2587011/posts
(posted by Ernest_at_the_Beach)
“For 25 years, legendary Wall Street strategist Byron Wien, now with The Blackstone Group, has held summer meetings with high net worth individuals to get their outlook on the global economy and investing. This year’s group, totaling fifty individuals and including more than 10 billionaires, was decidedly pessimistic on the U.S. economy, investment opportunities and the Obama administration.”
Soros gave the order. Erskine Bowles was sent to act as his agent.
Besides, what do we think all those Death Care, Financial and other agencies are supposed to be? REAL? Staffed how? With whom? Are they even on this continent?
The earthquake already happened, and now the water’s going out like Aceh.
The one historical distinction the Stalinists currently in power have forgotten, and will be brutally reminded of:
No other leftist-destabilized societal collapse has been attempted in an almost universally-armed population.
This time, it won't turn out like Venezuela, or Russia, or China.
It fact, it will be the inverse.
Worth repeating.
I’m in your wagon!!
Only the Elite Class believe we left recession. To all the working stiffs it has never gotten any better.
I predict a giant object will hit Jupiter some time in December 2012. It will penetrate far enough to strike the diamond core, causing it to ring like a giant bell. The diamond in the core does have a protective potassium shell. A large amount of the ejecta from the cracked shell will head sunward, with a wave striking earth on December 21. And we will have Purple Rain...
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