Posted on 09/24/2011 10:26:02 AM PDT by passionfruit
"It's the end of the world as we know it," sang the popular musical artistes REM many years ago. And it is. REM has announced that they're splitting up after almost a third of a century. But these days who isn't? The Eurozone, the world's first geriatric boy band, is on the verge of busting apart. Chimerica, Professor Niall Ferguson's amusing name for the Chinese-American economic partnership that started around the same time REM did, is going the way of Wham!, with Beijing figuring it's the George Michael of the relationship and that it's tired of wossname, the other fellow, who gets equal billing but doesn't really do anything. The deeper problem may be that this is a double-act with two wossnames.
Still, it's the end of the world as we know it. Headline from CNBC: "Global Meltdown: Investors Are Dumping Nearly Everything." I assumed "Nearly Everything" was the cute name of a bankrupt, worthless, planet-saving green-jobs start-up backed by Obama bundlers and funded with a gazillion dollars of stimulus payback. But apparently it's "Nearly Everything" in the sense of the entire global economy. Headline from The Daily Telegraph of London: "David Cameron: Euro Debt 'Threatens World Stability.'" But, if you're not in the general vicinity of the world, you should be OK. Headline from The Wall Street Journal: "World Bank's Zoellick: World In 'Danger Zone.'" But, if you're not in the general vicinity of ...no, wait, I did that gag with the last headline.
(Excerpt) Read more at ocregister.com ...
The Register is a good paper, you are lucky to have it.
Scary stuff...more fat lady humming.
Thanks Entitlement Nation.
Probably the only thing left in Orange County that they’re lucky to have.
**** I assumed “Nearly Everything” was the cute name of a bankrupt, worthless, planet-saving green-jobs....... But apparently it’s “Nearly Everything” in the sense of the entire global economy.
New Headline...
GREEN JOBS DESTROY WORLD ECONOMY! Dark Ages ahead!
Scary for those not paying attention and not likely to survive, a rough go for those of us getting ready.
As some folks like to point out: the United States does not seem to be mentioned in the book of Revelation. Hmmmmmmmm.
It might have a good op-ed page but I doubt its a good paper, I don’t think those exist any more.
Steyn tells it like it is.
No sugar coatings.
I rarely quibble with the inimitable Mark Steyn, but I’d say that the economy ALREADY ‘blows’.......
One pingy-dingy!
“On the other hand, attempting to postpone the Club Med welfare junkies’ rendezvous with self-extinction will destabilize internal German politics (which always adds to the gaiety of nations)...”
That last bit was beautiful, and hilarious, understatement.
Small businesses can’t get permits to open anything new or innovative. Thus, the local level of government is regulating jobs out of existence.
Everyday cities, counties, states, and agencies of the federal government add pages and pages of new regulations for businesses to comply with. And for decades they got away with it.
Now, however, we have passed the tipping point. There are so many regulations and so many government bureaucrats that people are having to take the EPA to court just to live in their own house on their own land.
Of course, in addition to such suffocating and unending regulation, local, state, and federal governments are borrowing so much money that banks are loaning everythingt that they’ve got to governments in the form of bond purchases, leaving little or nothing left to lend to small businesses.
Over-regulation.
Over-spending.
So there are no jobs left. Too many regulations to get enough new companies going, and too little funding for small businesses that even bother to try.
Faced with the above, national leaders worldwide lament their sorry financial condition, wring their hands, gnash their teeth, and insist that more over-spending and more over-regulation will save the day.
It’s a slow-speed trainwreck. They can talk about debt and taxes all day and all night and not even get to the two core problems of continued over-spending and over-regulation.
“Faced with the above, national leaders worldwide lament their sorry financial condition, wring their hands, gnash their teeth, and insist that more over-spending and more over-regulation will save the day.”
The only concept that allows me even to begin to explain that is that Evil walks the Earth.
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