The economy is NOT recovering, they say, and the U.S. faces a depressing "eventuality" of either crushing deflation (Shedlock) or runaway inflation (Faber). The timing and type of this eventuality is uncertain, say the gurus, but they are certain it's too late for America to change course.
"It's beyond repair -- it's too late," to avert fiscal disaster, Faber declares.
"The day of reckoning has arrived. The question is how long it takes to play out."
This grim outlook doesn't mean you're helpless. Faber recommends individuals prepare for doomsday by buying gold, owning assets abroad and buying property outside of major cities.
More Here..
Oh this is a lot of fantasy tripe here.
ReplyDeleteBusiness is booming! We're doing fantastic!
There's a light at the end of the tunnel
so bright, it'd be madness not to see it!
Unemployment is way DOWN, WAY WAY DOWN,
and everybody is hiring! The boom times
are back! BIGTIME! LAs Vegas here I come!
Money, hookers and blow !
Party on!
They easily gloss over the fact that many of the states with big economies are in the red and bankrupting. So I suppose even though we are falling apart in many places at the seems, everything is just fine as a collective.
ReplyDeleteHow much longer will fiat money be used to prop up a dying economy, no one wants to buy any more US debt as its clear that US wont be able to fulfill its obligations. foodstamps, unemployment, schools being closed, most states with massive deficits, a foreign policy based on bombing, torture and assassinations. Bloated government departments.. banks still raping the economy.. where does it all end..
ReplyDeleteI can see there is no consensus between the economists-deflation or inflation. That’s because they do not read the base document provided for them 100 years ago. Why is it so difficult to understand? First banksters inflate prices (in our case housing prices, or oil-I hope you don’t really believe this crap that the market decided to lower price of oil almost overnight from $150 a barrel to $65, do you? This “market” has some specific names, such as Marc Rich for example), then they stop lending, credit stops flowing into the economy and (since nobody now has cash to buy or operate business) it creates deflation. The deflation time is used by the banksters to buy out valuable assets for cents on a dollar. After they are done with looting, they inflate the prices to finish the “bloodless” victim. What is here so difficult to grasp? Indeed, the goyims lost their ability to think………
ReplyDeleteIf the govt would get out of the way deflation would take hold big time even in oil. Big Time inflation will never happen unless the banks release the money which they cant because they are in a zombie status just trying to stay open - 1/3 of them would already be closed if the fed didnt start extend and pretend so they could hide their bad loans.
ReplyDeleteToo many girly men,its all over.
ReplyDeletew bush the loser was a cheerleader in college and was awol from the military, one of the biggest girly men and gay ever
ReplyDeleteRight on 4.14 American men need to grow some balls again,its the girly men that arer ruining this country.
ReplyDeleteright on 421 you rock and roll, the banker girly men need to be strung up by lightposts
ReplyDeleteRock and Roll! You people are on it!! What did the feminist movement really accomplish?? Ask Rockafeller he paid for it, and perfect timming during the nam war! Read the MASQUERADE by Edward Chynoweth! AS said it is not the terrious we need to fear? But the feminist in America! Hitler would have been jealous!
ReplyDelete552 hitler would have been jealous of beck, hannity, limpballs and w bush, he wished he had them when trying to take over the entire world
ReplyDelete810 needs to learn how to spell, no balls no brains
ReplyDeleteI still don't see anyone proposing a solution to this mess.
ReplyDeleteMy thought is to strip naked the Rothchild's, the "Elite" the CFR, the Trilateral Commission and all the others, stand them against a wall and execute them!
We'll really have a new world order after that.
DO NOT FILL OUT THE CENSUS FORMS THROW THEM AWAY, A GOVT FRIEND I HAVE SAID THEY WILL USE THEM AGAINST US WHEN THE CRACKDOWN COMES.
ReplyDeleteI really want that free helicopter in the Credit Crunch cereal. They dont give away good toys like that anymore in cereal.
ReplyDeleteI just bought a box of the strawberry flavored credit crunch cereal. Except mine came with a free money printing machine.
ReplyDelete