Ponce
24th May 2010, 10:11 AM
Long article........but good.
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Fact vs. Fiction on Today’s Economy
May 23, 2010 – 1:11 pm Fact vs. Fiction on Today’s Economy
By David Galland, Managing Editor, The Casey Report
There is a lot of “noise†being tossed out by the politicos and their preferred pundits about how the U.S. economy is on the mend. Thus it is important to try and separate fact from fiction about where things really stand.
FICTION: Though sporadic, the U.S. economy will continue to improve.
FACT: The U.S. is headed for a currency crisis.
While having learned to cover their butts by adding some modest modifiers to their generally rosy forecasts, the administration’s shills (Geithner, Bernanke, Summers, et al.) are unified in telling us that the worst is over.
The fact is that the U.S., nay, the world, is headed for fiat currency crash. Let me push forward some evidence in support of that contention.
In this fiscal year, the U.S. government will run its second trillion-dollar-plus deficit. Concerned about the political heat going into the November elections, the Democrats have been making noise about cleaning up their sloppy spending.
A couple of months back, El Presidente of this banana republic intoned that his government… …[cannot] continue to spend as if deficits don’t have consequences… as if the hard-earned tax dollars of the American people can be treated like Monopoly money.
Which is to say, he acknowledged that the deficits have consequences. And what might those consequences be?
http://revolutionarypolitics.com/?p=4153
===========================================
Fact vs. Fiction on Today’s Economy
May 23, 2010 – 1:11 pm Fact vs. Fiction on Today’s Economy
By David Galland, Managing Editor, The Casey Report
There is a lot of “noise†being tossed out by the politicos and their preferred pundits about how the U.S. economy is on the mend. Thus it is important to try and separate fact from fiction about where things really stand.
FICTION: Though sporadic, the U.S. economy will continue to improve.
FACT: The U.S. is headed for a currency crisis.
While having learned to cover their butts by adding some modest modifiers to their generally rosy forecasts, the administration’s shills (Geithner, Bernanke, Summers, et al.) are unified in telling us that the worst is over.
The fact is that the U.S., nay, the world, is headed for fiat currency crash. Let me push forward some evidence in support of that contention.
In this fiscal year, the U.S. government will run its second trillion-dollar-plus deficit. Concerned about the political heat going into the November elections, the Democrats have been making noise about cleaning up their sloppy spending.
A couple of months back, El Presidente of this banana republic intoned that his government… …[cannot] continue to spend as if deficits don’t have consequences… as if the hard-earned tax dollars of the American people can be treated like Monopoly money.
Which is to say, he acknowledged that the deficits have consequences. And what might those consequences be?
http://revolutionarypolitics.com/?p=4153