Global Economy Bursting?

[Big ole Boy]

Dutch elections on Wednesday - the Euro skeptics

Dutch elections to test EU popularity amid euro crisis - YouTube

Dutch population growing weary of austerity measures that are not working.

"Lack of discipline" mantra force fed to weak European countries by the elites not being executed.

"The Hammer will fall" ..... stated by a large German Bank is being translated by some in the weaker economies to be a mantra for servitude and slavery out of bounds - and unrealistic

....increasingly it seems many in Europe feel like slaves to the Euro

 

[Terrel L. Shields]

4 a.m. EDT.... The German Supreme Court will deliver its decision....

And Thursady, Bernanke will deliver for the president ... more stimulus. Buy oil. Buy gold....

 

[Randolph Kinney]

California Economy Ranked 9th Largest in World - 2011

And that's the good news.

The bad news is a decade ago, California was ranked 5th. It was No. 8 as recently as 2009.

Stephen Levy, an economic consultant in Palo Alto, said Monday the state could jump ahead of slumping Italy, which ranked 8th in 2011. But California could also fall behind fast-growing India and Russia.

Levy said California is growing, just not as quickly as some of the emerging economic powerhouses.

He said California's economy experienced 2 percent growth last year.

 

[Big ole Boy]

Game over for the Euro

Greece is BANKRUPT! Greek MUST exit Euro-zone, GAME OVER! [DIRE ECONOMIC REALITY] - YouTube

You gotta love those guys in Belfast - they tell it like it is ...... (once you have been spurned - the mouth goes free)

....Greece is gone, Spain is gone, Euro is gone ......

.... Merkel is going to have to do something she has not done yet .....

.... make a decision ....


............................

..Any Euro narrative is a stalling scheme to November 6. Ruling classes doubling down for autocratic dictator to issue decrees on November 7 from the White House.

 

[Randolph Kinney]

U.S. Poverty: Census Finds 46.2 Million Impoverished As Median Income Drops

http://www.huffingtonpost.com/2012/...197.html?utm_hp_ref=business#slide=more249850

The Census Bureau said the 2011 poverty rate was 15 percent, statistically unchanged from 15.1 percent in 2010. About 46.2 million Americans were living in poverty, little changed from the prior year.

Still, data from the Census Bureau also showed the 2011 median U.S. income declined 1.5 percent from 2010.

 

[Randolph Kinney]

Hyperinflation is Virtually Assured – John Williams

http://usawatchdog.com/hyperinflati...Feed:+UsaWatchdog+(Greg+Hunter’s+USAWatchdog)

The Federal Reserve is talking about “unlimited QE,” or money printing, to boost employment. Economist John Williams says, “That’s absolutely nonsense. The Fed is just propping up the banks.” Williams says, “You’re likely going to see a dollar sell-off . . . That should evolve into hyperinflation.” Williams, “Doesn’t see the current system holding together without hyperinflation beyond 2014.” He contends the real annual deficit is “$5 trillion per year” and says, “That’s beyond containment.”

Williams predicts, “Hyperinflation is virtually assured because the Fed doesn’t have any options left.” Williams says people should get prepared because we are facing a “man-made disaster.”

 

[Workbox]

Hyperinflation is Virtually Assured – John Williams

http://usawatchdog.com/hyperinflati...Feed:+UsaWatchdog+(Greg+Hunter’s+USAWatchdog)

The Federal Reserve is talking about “unlimited QE,” or money printing, to boost employment. Economist John Williams says, “That’s absolutely nonsense. The Fed is just propping up the banks.” Williams says, “You’re likely going to see a dollar sell-off . . . That should evolve into hyperinflation.” Williams, “Doesn’t see the current system holding together without hyperinflation beyond 2014.” He contends the real annual deficit is “$5 trillion per year” and says, “That’s beyond containment.”

Williams predicts, “Hyperinflation is virtually assured because the Fed doesn’t have any options left.” Williams says people should get prepared because we are facing a “man-made disaster.”

Japan comes to mind.

 

[Randolph Kinney]

Financial crisis to cost $7.6 trillion by 2018

http://www.marketwatch.com/story/financial-crisis-to-cost-76-trillion-by-2018-2012-09-12?siteid=nbkh

The near-collapse of the financial system and the resulting economic crisis caused a “conservatively” estimated $7.6 trillion in losses of gross domestic product between 2008 and 2018, according to a study released Wednesday by the advocacy group Better Markets.

 

[William K]

So correct me if I am missing something, when the automatic budget cuts take affect in January the bus goes off the cliff, right?

What on earth is really going to stop this, when, if the Pres wins re-election the same congress will be lame ducks until swearing in. Why would they want to now work with a President they haven't done so with to this point?
and lets say he loses
Why would this "do nothing congress" now all of a sudden want to work and come to an agreement to stave off the bus going off the cliff?

The more I listen about the coming automatic budget cuts in January the more I think of the old saying ... "doing the same thing over and over again expecting a different outcome".

 

[Big ole Boy]

Ambitions outweighing temperance

So correct me if I am missing something, when the automatic budget cuts take affect in January the bus goes off the cliff, right?

What on earth is really going to stop this, when, if the Pres wins re-election the same congress will be lame ducks until swearing in. Why would they want to now work with a President they haven't done so with to this point?
and lets say he loses
Why would this "do nothing congress" now all of a sudden want to work and come to an agreement to stave off the bus going off the cliff?

The more I listen about the coming automatic budget cuts in January the more I think of the old saying ... "doing the same thing over and over again expecting a different outcome".

Well if your looking for pragmatism ... forget it ... during periods of radical transformation ... political ambitions take on a psychotic nature ...

...that is where we are ......