Free Republic

Please follow link to video...

We've survived a financial meltdown, and we're working through a recession. But another phase -- when all the money printing melts down the dollar -- is just getting started. Snip... This is a much more subtle but pernicious crisis in some ways, as it's not so apparent but is disastrous in the long term. My reason for saying so? Because if the dollar is called into question (as now appears to have begun) and if the Federal Reserve's monetization cannot lower interest rates (and in fact causes them to rise, due to the consequences of printing so much money), then...

Snip "The economists finish with a conclusion that the Obama administration's efforts to raise taxes, rewrite contracts and add carbon taxes will discourage investment for years." Snip "Personally, I'm hoping we dodge the bullet. But professionally and practically, I'm keeping the flak jacket on and the crash helmet at hand."

--Snip-- The American President's call "to free the world of the menace of a nuclear nightmare" was hot air, Mr Sarkozy's diplomatic staff told him in a report. --Snip-- "The President is annoyed by what he sees as the naivety and the herd mentality of the media," said a journalist who is privy to Elysée thinking. --Snip--

--Snip-- The Congressional Budget Office projects that the U.S. economy won't get back to full-trend growth until 2015 -- and that the full-trend growth rate will be just 2.3% a year. Even with the full $787 billion of the Obama administration's stimulus package in effect, according to Northwestern University economist Robert J. Gordon, it could take until 2012 or 2013 for the economy to recover to the level of output in 2007 before the recession hit. --Snip--

It was no accident. The folks in power in Washington and on Wall Street want to pretend that the current global financial crisis -- you know, the one that reduced household net worth in the United States by $11.2 trillion in 2008, according to the Federal Reserve -- was an accident caused by some unfortunate confluence of greed and asleep-at-the-switch regulators.