Doug Casey on the Continuance of the Greater Depression and the Brighter Prospects fo

[mick silver]

http://www.thedailybell.com/2880/Anthony-Wile-Doug-Casey-on-the-Continuance-of-the-Greater-Depression-and-the-Brighter-Prospects-for-Gold ... There is no question in my mind about that. Governments all over the world have created trillions of currency units since 2007 in the mistaken idea that it would create prosperity. The Americans – ..... this line got my eye . it has created prosperity to the banks that got the trillions

[gunDriller]

i don't know how i got on his mailing list, but Casey has some good articles.

he has one about the SMIC - "Stupid Monkey in Chief" - i.e. Soetoro, Obama - whatever his name really is.


"Then there's this, from the Stupid-Monkey-In-Chief (SMIC)

This week, our own President Obama, the SMIC, has confirmed his intention to tune up his vocal chords in order to create the jobs that have so far gone missing in this crisis, and which, according to today's again dismal unemployment data, remain nowhere in sight.

Said the SMIC:

"It is my intention to lay out a series of bipartisan proposals that the Congress can take immediately to continue to rebuild the American economy by strengthening small businesses, helping Americans get back to work, and putting more money in the paychecks of the middle class and working Americans, while still reducing our deficit and getting our fiscal house in order," Obama said.

"We're saved!" shout the staunch few that still believe the SMIC is cut from superior cloth. But even the stupidest of the stupid monkeys might be tempted, after so many disappointments, to raise their hands and ask, "What's the plan, chief?"

In answer to which I provide the following preview of "the plan," courtesy of Bloomberg...

Obama's plans include more infrastructure spending, tax incentives to spur hiring, a reduction in the employer portion of the payroll tax credit and changes to unemployment insurance to subsidize worker retraining.

Did you just get an overwhelming sense of dejà vu? If so, it's probably because the SMIC's latest plan is pretty much the same as the previous plan, and the one before that. Sure, there are a few tax breaks here and there - but companies don't hire people based on tax breaks. They do so because there is work to be done and people are needed to do it. And in the real world, a $5,000 tax credit for hiring someone - the amount being bandied about in the new plan - will be burned through in a couple of months of (now mandatory) health insurance payments."


in other words, much of this economic "stimulus" is just $$ to support the Jew-dominated HMIC (Health & Military industrial complex).