[blam]

I believe this is the Casey article referenced by Kitze

The Day Of Economic Reckoning Is Near

[death2tyrants]

[onedoug]

soetoro wants it this way. Romney at least, has actually turned economic structures around.

Pray.

[Travis McGee]

At this point chaos and civil unrest likely break out and a dictator arises to “rescue” the people from their difficult situation. The political class will be only too happy to accommodate, although there will be contention over which party and who ascends to the role of supreme leader.

CW2 Ping

[Enough is ENOUGH]

Obama is well on his way to downsizing the United States of America to punish us for our success. He is making it impossible for us to catch up and recover our military strength (after making irresponsible cuts to our defense budget that destroys our national security) as both the debt and the interest on that debt bankrupts us in accordance with Obama’s plans in his dreams “FROM” (not OF) his father.

Prepare for economic hell. All economic projections are overwhelmingly negative.

[soycd]

IATMS - In after the metaphor storm

[KTM rider]

I saw this coming many years ago. It defies the Laws of Economics to base the GDP on the commerce of debt instead of production.

Capitalism works if it is based on production.

Capitalism becomes socialism when it becomes a buyer and seller of debt based on loaning from imaginary assets, because a central bank must have absolute control to make it happen

When the capitalist system abandons production of goods to suckle at the tit of easy money via usery interest, failure is insured because the economy is then based on consumer spending and services to generate capital for the huge government parasite

The elite class of government has become an idiot that thinks it is a producer, when in reality it is a total drain like a parasite that is killing the host.

the host is shriveling and dying and the government parasite just keeps sucking away and injecting fatal viruses like environmentalism, diversity, and liberalism

I am surprised it has lasted this long

[rcrngroup]

Ping for later use!

[Jack Black]

All these articles are fun, but they all fail to deal with reality. Here's the critical fail in this one:

Markets will do the job politicians are unwilling to do. They will cut off government funding via a bond market rebellion and an economic collapse. Ha ha ha haha ha! You are kidding right? MARKETS will discipline the government? The Federal Reserve is the buyer of the vast majority of US treasuries. According to Gonzalo Lira, the financial writer, in 2011 the Fed bought at least 67% of all T-bills. This was a little disguised by various subtrafuges, but it was possible to tease out the information.

When you buy 70% of something you set prices. If there is resistance they could easily go to 80%, 95% or 100% of the market.

FedGov will not let pesky little bond traders interfere with the bonanza machine that keeps the FSA in pampers and beer.

Count on it. I'm surprised to see someone as smart as Casey making this shopworn claim. Ridiculous.