The United States is running out of time to get its budget and trade deficits under control. Despite the urgency of the situation, 2010 has been wasted in hype about a non-existent recovery. As recently as August 2 Treasury Secretary Timothy F. Geithner penned a New York Times column, “Welcome to the Recovery.”
As John Williams (shadowstats.com) has made clear on many occasions, an appearance of recovery was created by over-counting employment and undercounting inflation. Warnings by Williams, Gerald Celente, and myself have gone unheeded, but our warnings recently had echoes from Boston University professor Laurence Kotlikoff and from David Stockman, who excoriated the Republican Party for becoming big-spending Democrats.
It is encouraging to see some realization that, this time, Washington cannot spend the economy out of recession. The deficits are already too large for the dollar to survive as reserve currency, and deficit spending cannot put Americans back to work in jobs that have been moved offshore. READ MORE...
I HAVE TO ADMIT, I THOUGHT THOSE INFOWARS PEOPLE WERE NUTS A FEW YEARS AGO, NOW I'M ON BOARD. I AM NOW A LIBERTARIAN. THEY WERE AND ARE RIGHT. WE ARE NOT GOING TO BE ABLE TO TOLERATE OBAMA, PELOSI AND LIBERALS, PROGRESSIVES FOR ANOTHER YEAR OR TWO. RON PAUL AND A CONGRESS FULL OF LIBERTARIANS AND CONSERVATIVES (NOT REPUBLICANS OR DEMOCRATS) COULD HAVE SAVED US. TOO LATE..
ReplyDeletePoliticians--rope--trees
ReplyDeleteSome assemblage required
Come November------the majority of people will have a choice-------state controlled government, regulated by law, over every socioeconomic controllability issue imaginable---
Or
Individual freedom's---as distinguished and contrasted from a social group of government Marxist bastards of questionable origin--
November is coming---and progressives are going---and the Rhino's will be joining them-----soon---
Bruce Willis, Gloria Estefan, 50 Cent, Adam Sandler, Robert Duvall, Heather Locklear, Jon Voight, Clint Eastwood, Sylvester Stallone and others aren't so politically STUPID?
ReplyDeleteThe worst collection of celebrities I've ever seen.
Oh I see, you select what you want people to see. You know, I've seen some disillusioned stuff in my time. But this just about sums it up. Your American life style is over, the days of infinite growth are over. You can't have a finite resource and infinite growth in a country that has one of the worst records for consumption per person. Americans, and I say this as a londoner that has recently witnessed the riots, will be soon to witness the same things if you mange to get off your fat arses.
ReplyDelete