... isn't it.
Posted on 04/19/2011 3:42:44 AM PDT by Scanian
Despite Government propaganda and manipulated statistics to the contrary, our economy continues to deteriorate. For every "green shoot" highlighted by the Government and its lackey media, multiple contra-examples are cited by independent analysts.
To continue to deny reality risks credibility. Perhaps that is why S&P, arguably a sock-puppet of Wall Street, on Monday made its announcement regarding the financial condition of the US. As reported by the Wall Street Journal:
"Standard & Poor's Ratings Services Inc. cut its outlook on the U.S. to negative, increasing the likelihood of a potential downgrade from its triple-A rating, as the path from large budget deficits and rising government debt remains unclear."
Fitch and Moody's have not yet seen fit to change their ratings. Preservation of the little credibility the ratings agencies have left will force them to follow in the course of time.
The S&P judgment was as unexpected as a terminally-diagnosed patient finally reaching his final destination. Reaction by the political class to the "death" is likely to be characterized by the Claude Rains gambit: "I'm shocked, shocked!" How could anyone have seen this coming? Actually, the only surprise is why S&P waited so long to report on the obvious and why it didn't also remove the Triple A credit-rating of US debt. That downgrade of debt will follow eventually. Apparently S&P doesn't want to pronounce a corpse dead until it is put into the ground.
Some believe the timing of the S&P announcement was related to the upcoming political battle over the US debt ceiling. Monday's Dow was crashing, at one point down over 240 points. If markets are so easily rattled, the thought is one must raise the debt ceiling.
(Excerpt) Read more at americanthinker.com ...
Impeach Congress. At least 90% of both houses are white collar criminals that are intent on destroying us in the pursuit of their own agenda items.
“The only solution to the problem is to force every function of government, laws and dictates to immediately justify their existence and purpose by a reference of justification cited by our Constitution.”
So how exactly is this done?
More smoke and mirrors.
The current Congress cannot tell a future congress how to spend.
The only "plan" this congress can work on is the 2012 Budget.
... isn't it.
More smoke and mirrors.
The current Congress cannot tell a future congress how to spend.
The only "plan" this congress can work on is the 2012 Budget.
Compare the situation with the opening of the Reagan administration. His solution was cutting taxes, enduring the deficit in short term for two decades of nearly uninterrupted economic growth.
Given Barry O's tactic of the Really Big Lie, and the "lackey" Legacy Media as his ever-ready echo chamber, it's possible the only opposition that must unseat him will need to relentlessly expose his lies and insecure true nature almost daily.
Given the ridiculous presidential primary tournament, will Republicans nominate someone who can do this or nominate an "above all that statesman?"
A true negative campaign, defined politically, is not about nasty advertising. It's about driving the indecisive middle from the race, in hope that, in the end, your participating base will be larger than the enemy's participating base.
Barry O is already engaged in that tactic, almost always a last resort of someone who's polls are in decline among the soft middle. In fact, it's generally acknowledged that Barry O has lost the Independents, and now hopes the moral stomach of Conservatives is too weak for hard ball campaigns. He appears confident, basically, that he can drink Conservatives under the table.
On every MSM channel this is being down-spun as the S&P worrying that the Rats and Rinos won’t reach an agreement. Nothing more.
So how exactly is this done?
” The Keynsian delusion should have been attacked head on from day one. “
Bear in mind that, even though Keynsianism has been thoroughly discredited, it still hangs on - for one very simple and obvious reason —
It’s “FUN” for politicians to ‘spend money’ to ‘do good’ — Keynsianism allows them to give stuff away and get praised by the media, and thanked by the most vocal of their constituents (and enriched by the “Special Interests”), without guilt....
That’s what makes this such a thorny problem for us grown-ups — it’s an easy addiction for a politican to acquire (usually, all it takes is one ‘good’ mention in the NYT) and a difficult-to-impossible addiction to break...
The tragedy is that its a ‘terminal’ addiction, not for the addict, but for everyone else......
I’m betting on hyperinflation because it is the easiest path for politicians. Regardless, we are doomed, and it is not about who is in office, it is about where we are in the cycle of the predictable collapse of economies.
Once people see the “Sans clothes” I think they will see inflation and spend their savings sooner rather than later which, when enough see this as a solution for their individual circumstances, we will have hyperinflation.
My hope is that on the “re set” we limit government to 2% of last year’s GNP.
——I’m betting on hyperinflation because it is the easiest path for politicians.-——
There will be inflation, controlled inflation. Hyper inflation is out of control. Loss of control means the politicos are out. Their pragmatic attempt will be to inflate to the maximum tolerable level while maintaining control.
My guess,10%, say 7%
“It is obvious to anybody that’s ever had to balance a checkbook, that our government and the so-called “leadership” is out to bankrupt and destroy the US. They WANT to crash the system”
I have been telling people this for years now. Somehow, I am always talking to deaf ears because nobody believes that we are under attack by the communists. I feel like that general in Mars Attacks, who keeps saying the Martians need to be destroyed, but everybody laughs it off and thinks he’s nuts. This is serious business people, we are indeed under attack and they do, in all seriousness, want us destroyed. In 10 years from now, this country will be Africa.. it doesn’t take long.
If you care to know, QE1&2 are among those things, as well as desperate taxation to the hilt (coming) and seizure of private retirement accounts.
And, while Mr. Burkett isn't even being conspiratorial or weird, he hints at the lack of character of government officials and politicians (working deals to America's detriment but for their own pockets to be lined) in combo with global elites who seek impoverishment of everyone so they can have a pliant workforce of biobots to rule over. Who can deny the greed, selfishness, and laziness of many Americans, and the greed of elites and corporations to serve themselves? It used to be called fascism, but we call it Hope-and-Change.
As the Obummer says himself - get used to it...and I'd add, "Put some ice on it."
I won’t argue with any of that.
My point is that there will be inflation and the politicos will use the tools available to attempt to hold it to a level that will be hated but tolerated.
Some other bumper sticker ideas:
“Obama - It’s Mourning in America”
“I was Anti-Obama before it was cool”
“Transformational? Like an Intestine”
“2 Certainties: Debt and Taxes”
“No Greater Friend to Our Enemies, No Greater Enemy to Our Friends”
“Treating Citizens Like Terrorists and Terrorists Like Citizens”
“Hope...and Chains”
“Hilary: Like Obama, But Wearing Pants”
“Obama: Is he Pro-Muslim or Just Anti-Christian?”
“1-20-09: The Cold War Ends, The Communists Win”
” the politicos will use the tools available to attempt to hold it to a level that will be hated but tolerated. “
With all due respect, I don’t share your faith that our ‘leaders’ can any longer exert that level of control over events - they’re ‘riding the tiger’, moreso than even we Great Unwashed are....
Believe me, I sincerely hope you’re right, and I’m wrong....
My bad - my previous post was meant to be directed at Bert...
Guilty by reason of caffiene deprivation....
“Regardless, we are doomed, and it is not about who is in office, it is about where we are in the cycle of the predictable collapse of economies.”
The latest economic forecasting from Martin Armstrong of Armstrong Economics is the collapse to occur between
2015.75 and 2020.05. He correctly predicted the recession 2007.15 through 2011.45. After 2011.45 as showing false signs of improvement only to have a complete collapse by 2015.75.
Ref. http://armstrongeconomics.files.wordpress.com/2011/04/armstrongeconomics-hello-world-04-06-2011.pdf
If you do no know who Martin Amrstrong is I suggest you find out. He was a US political prisoner for the last 14 years. When you read his writings you will know why. His computer modeling has been accurately predicting the global markets since the early eigthies.
I’ll bet all those media bass turds play dumb with the American public but have their own money in gold and “safe” foreign currencies overseas.
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