Is the USA doomed to collapse?
Since the economy began sliding downhill in late 2007, mainstream economic and market experts have consistently erred on the sunny side.
As late as June 2008, mainstream consensus held that the U.S. was heading for a “soft landing” and would avoid recession. Several months later, the slump was acknowledged to have started in January 2008, but we were supposed to see renewed growth by mid-2009, with unemployment peaking in the eight-to-nine percent range. A quick “shovel-ready” stimulus bag was supposed to set us back on the road to prosperity.
In January, recovery projections were pushed forward to late 2009. Today, the consensus is for a mid-2010 recovery, with unemployment peaking at just over 10 percent. Clearly, the mainstream has struggled to catch up to reality for well over one year. What are the chances that they finally have it right this time?
Moreover, the mainstream continues to see what is going on as a plain-vanilla recession that will be quelled with some on-the-fly monetary and fiscal tinkering. Washington, we are told, will pull us out of this slump—as soon as the masses can be enticed back to the shopping malls. Then things will return to how they were before. But what if the experts and politicians are wrong not only on their ever-changing recovery timeline, but also on the nature—nay, the very existence—of a recovery?
almost,however,lots of the public is waking up.only time will tell…..
Punishment Push: Bailouts banned in New EU
The European Union has bowed to the demands of its heavyweight members, who’ve grown weary of paying for the mistakes of the smaller nations. At a summit in Brussels, they’ve agreed to change the current workings of the bailout system. But it comes short of the tough punishments for overspenders proposed by Germany – which paid dearly to rescue Greece from its crisis. RT’s Laura Emmett reports.
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Duration : 0:2:17
Ron Paul: U.S. Heading for Soviet-Style Economic Collapse
10/06/2010 – http://www.RonPaul.com
Ron Paul and Judge Andrew Napolitano appeared on David Asman’s America’s Nightly Scoreboard on Fox Business to discuss the Federal Reserve, government spending, and the failure of Keynesian economic policies.
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Ron Paul is America’s leading voice for limited, constitutional government, low taxes, free markets, a return to sound monetary policies, and a sensible foreign policy that puts America first.
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Duration : 0:12:24
Who/what caused the economic collapse of 2008?
What were the top 4 causes of the economic collapse in your opinion/supported by facts?
The truth is that the U.S. has not been sustaining the economy for decades.
While it began with the Great Depression, it was cemented to occur with recovery efforts, and treaties involving the World Wars.
Social Security/Medicare/Welfare were an unsustainable burden
Regan opened the way to outsourcing jobs/businesses to where there was cheap labor
Prior recoveries from recessions were temporary fixes, for example Clinton signed a treated to borrow from the World and Hemispheric Bank for development of the hemisphere. Smarter than Obama, the majority of funds had to go to the lower end of the chain, to mini and micro businesses. The same funds went into the Tech bubble.
Then the Housing Boom – prices were artificially inflated and "equity" taken out and put into the economy.
In short, the collapse actually happened decades ago, but was artificially delayed.
In current times, the biggest single cause was the New World Order and Free Trade Agreement, which made the U.S. unable to compete and economically unfeasible on a global basis.
Economic Collapse Preparation: Food Storage in General
It is important to store food for the economic collapse for many reasons. Although I put a much higher emphasis on growing your own food and hunting, food storage is certainly important. Be sure to decide if you are going to share your food storage cache, and that you have a means of defending your cache(s). Be sure to get a pellet gun to supplement your food storage.
Video talking about sharing food:
http://www.youtube.com/watch?v=dsECGM2iW7M
Duration : 0:7:40
Ben Bernanke and the collapse of the dollar….
The inevitable collapse of the dollar.
Thanks Bush, Greenspan and Bernanke
Bernanke: There’s No Housing Bubble to Go Bust
http://www.washingtonpost.com/wp-dyn/content/article/2005/10/26/AR2005102602255.html
“The basic prescription for preventing deflation is straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.”
“The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.”
“The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.”
“A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily.”
Duration : 0:7:7