Make no mistake, the economy will not turn around soon. When the recovery fails to materialize, look for governments around the world, and especially in the U.S., to send another massive wave of liquidity downriver. When it does, the value of nearly everything, except for gold , will diminish. Don’t be intimidated by the recent spike in gold. Buy now while you still can. FULL ARTICLE
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6 comments ↓
This is just the beginning of the collapse, not the end of it.
I think this summed it up quite nicely:
“Congressional leaders actively seek to increase leverage and add debt. They warn of fire, while pouring petrol on the flames.”
They try to fix the problem with more of the problem. Does anyone think that actually works????
No one who is worth their salt, has told the bush chuckleheads and now the month old Obama adminstration that what they are doing was and is wrong…but did they listen ? No! Paulson and his cronies got what they wanted, members of Congress and the senate lobbiests got what they wanted, but did we the majority in a nation of laws, get what we needed ? According to the voices of change, we sure did…Oh really
No Steve, they never really listen. When getting 100 calls in opposition to every 1 in favor of last fall’s bank bailout bill, they passed it. We’re ruled by an unlimited gang of thieves.
And now, when too much borrowing, too much debt, too much spending and too much inflation brings us to the brink – what’s their solution?
you’ve got it. more debt, more spending, and more inflation.
I believe that’s the definition of insanity.
The economy may be terminally ill. And Bush and Republican enablers ( the Religious Right, the Party Firsters, and especially his Corporate Robber Barons ) were the disease that is killing this country.
No one in America seems to want to face up to the ravages brought to the country by that infamous group. During Bush’s eight years in office, the Long Term liabilities of the United States increased by over $50 Trillion plus the National debt rose over $7 Trillion and the Bailouts toward the end of the Bush Reign, amounted to over $3 Trillion. Total amount of increase in the eight years of Bush = $60 Trillion minimum.
How much is that? Well if you had to spend that much money you would have had to spend over $8 Million per day, beginning the day Jesus Christ was born. And you would still have a couple of Trillion left.
Think about that.
Cliff, I think the way this new administration is throwing money around, taking on debt, and inflating the money supply, it’s going to make the previous criminals look like misers!
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