Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By H.S. Dent (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Welcome to 2011!! - Which Is Not That Different Than 2010…

% of readers think this story is Fact. Add your two cents.


In 2010 we were treated to increasing government intervention in order to maintain our economic pace.  It worked.  We merely traded $1.4 trillion in deficit spending and roughly $500 billion in newly printed money, or about $2 trillion, for a little boost to GDP and not much help in unemployment.  2011 looks like it will shape up much the same.

We are beginning the year with the extension of the current tax rates and a host of other status quo items, but adding in $112 billion worth of cuts to Social Security payments and the additional $400 billion in newly printed money from the Fed.  Will it boost GDP?  Of course.  Will it create lasting economic activity?  No.

Deleveraging lives.  It is the great counterweight to, well, everything.  And it will win. 

There will be shocks and bumps along the way.  The Europeans are nearing a showdown, and are putting the euro on a rollercoaster.  The Chinese are trying to cool things off, but their property market is so inflated that any pinprick could cause an implosion.  And then there’s the creepy little confidence problem with the US debt.  How can we print so much money?  How can we spend at such deficit levels?  How can our central bank buy so much of our own debt?  The answers, in order, are that we cannot, we cannot, and we cannot.  But we are…for the moment.  These problems don’t surface on queue, they take time.  Unfortunately, when they finally push to the top they cannot be stopped.  Credit markets are unforgiving beasts.

None of the issues we faced on 12/31/09 have been resolved, we have simply dug a deeper hole of debt in which to hide our problems.

Read more at H. S. Dent


Source:


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Lion’s Mane Mushroom

Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes:

Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.

Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.

Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.

Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.

Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.

Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 1 comment
    • HfjNUlYZ

      I like how the mainstream media had all these pro recovery articles set to go with todays JpMorgan rally… LMFAO…

      Pretty funny. But you cant trick a poor person into thinking he is not poor. you can trick an unemployed person into thinking he is employed.

      Add the utter disgust and hate of the banks corporations and government… Come on now mainstream… You just look foolish at this point.

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.