What's so surprising about this? I have been saying this for years now, ever since Clinton signed the Gramm-Bliley bill into law. It's coming, folks. How it ends is up to us. We can come out of this better than we were before, if we do the right things, and I believe we will. Here is how I believe it will play out:
1) First, we will end up defaulting on our debt. There is no way to prevent this. We do NOT have the resources to be able to ever pay back our debt. Our crisis is going to become the world's crisis, but those who will suffer most, economically, will be the banksters, whose only wealth is on nothing but paper, which was created from all this debt, and not much else.
Couldn't agree more, but this Keynesian approach was exactly the wrong thing to have done when this started. Sure there would have been pain, but far less than we keep building now by printing more money and buying our own debt.
2) Heads are REALLY going to roll in Washington, and whoever replaces them will rebuild America's economic policies on sane foundations.
Yep, it starts this Nov. start popping the pop corn.
3) This might be an opportunity for some to attempt to create a new currency that will tie America's economic foundation to that of Canada and Mexico. There has been some talk about the Amero as a new currency. The good news is that this will never get off the ground, and will remain forever fodder for conspiracy theories.
Liberals are already trying that, check "Carbon Credits" they sure have enriched Al Gore.
4) Our new economic policy will once again call for a currency backed by something of value, as opposed to debt. Fiat currency, that is, currency with a value of whoever arbitrarily decides what it is going to be, will become history.
Maybe it could be backed with coal, after all they are premature diamonds. And we have the most of it.
I believe that we have a very rough road ahead of us, as our economy melts down. It is going to be very tough for some of us, but I truly believe that, once the proper steps are taken, we are going to come out of this better than we were before, and that the government of the people, by the people, and for the people, will once again become just that, instead of the tool for the banksters it became under our current economic policy.
But, but, we are being fed now such definitive statements by the current administration as "Nearly all economists agree", and "All the economists say...." It's such BS.
Heck, you even see it in here posted by staunch defenders of all this spending from Obama.
Yes, there is bad news coming, but if we persevere, the good news down the road will far outweigh it. Don't listen to politicians and other professional liars, as they make their last stand, desperately spinning what is about to happen, while praying that the status quo will prevail. It won't. The writing is already on the wall, and their days in power are numbered. When the meltdown does happen, this WILL be change you can believe in. Our leaders will once more work for us, and not for just the select few who have them in their pockets, via the lobbies. When this is over, perhaps the lobbyists can find work at McDonald's, if the supervisors somehow have it in their hearts to overlook their treasonous acts, and give them a second chance. After all, the retarded are always given a chance in life. LOL.
Well, I am hoping not, but this author of this piece seems to relish in doomsday writing. So, hey maybe, maybe not.
Tell me Dana, what is "lobbying" and what is it meant for?
Wiki defines it as:
Wiki said:
Lobbying (also Lobby) is a form of advocacy with the intention of influencing decisions made by legislators and officials in the government by individuals, other legislators, constituents, or advocacy groups.
Lobbying - Wikipedia, the free encyclopedia
And the Constitution says:
The ability of individuals, groups, and corporations to lobby the government is protected by the right to petition[2] in the First Amendment of the United States Constitution.
Hmmm...is one to conclude by your obvious disdain for Lobbying efforts, and Lobbying in general that you are for abolishing it? Destroying the 1st Amendment?
We seem to see alot of that today.
j-mac