2013 Looks To Be Hellish Things Are Getting Worse, Fast
The problem is too much short term thinking by the politicians. When the crisis began, the people in charge for the government were either investment banker alumni or those wishing to be investment bankers. Therefore, they saved the banks and the crooks who ran them. It was “Field of Dreams” logic. If we save the banks and promise not to prosecute the criminals, the banks will pull us out of the slump. Well, three years on and counting, it hasn’t happened. The same money devoted to infrastructure repair and enforcement of the existing trade laws would have left us in vastly better shape than we are.Continued below.
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Peter Schiff – Many Other Cliffs Await the US Economy
the U.S. economy may need to go over this fiscal cliff and address some structural issues, or face other cliffs on multiple fronts if this imminent one is avoided.
Gallup Finds Unemployment Rate Soars Follwing Presidential Election
And if the just released Gallup unemployment data is any indication, the amount of outright goalseeking by the fine folks at the BLS was nothing short of startling. Because after recording an adjusted unemployment rate of 7.4% in October, the November unemployment rate, based on a random sample of 29,308 adults, soared by a whopping 0.9% in one month to 8.3%, the most since the Great financial crisis itself! And furthermore, at 8.3% the unemployment rate is now the highest since May. Is it time yet for all those sellsiders to admit they were wrong weeks after producing beautiful pitchbooks of how 2013 will be “different this time” and the economy will soar? Or should we wait a few weeks first?
The unemployemnt rate per Gallup:
Challenger: Planned Layoffs Rise for Third Month, Driven by Hostess Bankruptcy
Small Business, Consumer Confidence Diverge
Greenspan: There’s No Painless Solution to US Debt Woes
Reducing U.S. long-term deficits will inevitably cause economic pain, former Federal Reserve Chairman Alan Greenspan said.
“The presumption that we’re going to have a painless solution to this, I think, is fantasy,” Greenspan said Thursday during a “Bloomberg Surveillance” television interview with Tom Keene. “There are a lot of risks out there but the one thing I can be reasonably certain of is we won’t get through this whole issue without some pain.”
The U.S. faces twin fiscal challenges with more than $600 billion of spending cuts and tax increases scheduled to hit at the beginning of next year, threatening to send the economy into an austerity-induced recession, even as rising long-run deficits may prove unsustainable.
Read the rest At investmentwatchblog.com
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Whistler Blowers, Insiders
What can I say??? A negro is in charge!!!!
I came all the way over here to see who had the cajones to say something like that.
Just a spineless anonymous cloud of mist.
Without even the cajones to put a screen name and an avatar up to be lampooned for such words.
Why am I not surprised?
Coward.
hah.. i came to see who came to see.. well, at least my trip was worthwhile.
montoya
anonymous or not, he’s right. only one (quarterback) has won the superbowl, how u expect one to run the free world. when u sneak back to mexico to give su madre dinero, do u have to crawl back under the fence or can u just walk across?
So the world’s not going to end,and having an each way bet ,now its economic collapse,because- A because of race B.çause I don’t like the guy in charge C. I’,m a greedy asshole D.its the Jews E. the fed and wars are bankrupting you .
In light of that please stop telling the world how “democracy “should work and how an economy should perform .
I came to see who came to see and if anyone would come to see if I saw.
The liberals (aka socialists, aka communists) have destroyed the cities, destroyed public education, destroyed legitimate public handouts.
The pendulum of history will swing back. Smart people have provided for themselves, their families. Not so smart people will starve – like dogs with their nose pressed against the butcher shop window. The provisions I have made were made with after-tax dollars and can not be found by american-liberal-nazis for redistribution. Slather asses who refuse to get off their a$$ and figure out something for themselves get back what they put in – fracking nothing, losers.
It wasn’t a democrat who mandated testing in public schools, retard. It was progressivism that made cities livable, created public education and “legitimate public handouts.”
Why don’t you go lock yourself in a bunker before you procreate.
Apparently, your screen name belies your intellectual reality.
Ahhh, so nice to see another ignorant, racist comment again here in the year 1912. Oh – wait – it’s 2012, isn’t it? Nice to see that we as a species have come so far as to not need to display the ignorance, hatred and bigotry of our unenlightened, uneducated ancestors.
Oh, wait – some people on this thread did just that, didn’t they? And it is people just like you (mr Anonymous, and morris adams) who make people like me HOPE that something wipes out humanity – or at least its uglier parts like you people – and SOON! You all need some prayers directed towards your bigoted, ignorant hate-filled hearts.
You can take them out of the jungle,but you cant take the jungle out of them!
Although the Year is 2012 , time does not change established Facts neither DNA.
Quantum Kev, I can only hope these inbred racist imbeciles haven’t reproduced…
Yeah, we say the same thing about your racists.
We whom live in the Ozarks of Missouri are watching society, when SHTF , we are gonna close shop and go into the deep woods. No matter whom is president we the people will be walked on over greed & power hungry people.. Dont point fingers – Dont use race – its just the way things are — deal with it. Eye for an eye, remember that when Homeland security rushes your house.
2013 will be heaven on Earth:
Ascension into 5th dimension.
Dark cabal gone and replaced by honest people.
Release of suppressed technology.
etc.
Its going to get worse when the Moon crickets come in for landing
http://www.youtube.com/watch?v=fjmuofapoEQ
peter schiff is a stone cold sociopath, a control freak. America doesn’t owe any debt. It’s an illegal ponzi scheme to financially rape America for control. America needs to do as Greenland has and arrest the bankers. Abolish the fake derivatives debt. It’s a blatant Rico crime to make America debt slaves to bring in the new world order, one world government, socialist, fascist, communist u.n. globalist banker scum to force control of the whole entire world by a small faction that’s financed by fake global warming, VAT and illegal narcotics. the American cia alciada, which is now also guilty of Syrian war crimes work for the new world order. Eventually the war crimes will move to Iran. Total one world government and agenda 21 population reduction and theft of all resources is their blatant sociopath dream. And last but not least the new world order will conduct door to door confiscate all firearms from the America people. In the end there will be less than 500 million people. Get it, thickheaded dumbass American’s, America is already destroyed and under u.n. control. The usurper obama the illegal alien hardcore Rico criminal was the last nail in the coffin and if us American’s don’t get off our dumbass and protest to restore America we’ll probably parish while we’re watching their lying war crime propaganda complicit accomplices dumbass Television.
It was Iceland, not Greenland, that issued arrest warrants on bankers and purged their government of banker accomplice quislings.
CAPUK
4/10 on this storys structure.