Posted by
rycK on Monday, October 27, 2008 12:23:47 PM
The Great Depression
in the USA 2008 II: Warnings from the Past and Present
There is
more than a chance that we will have a major economic depression in the next
few months. See footnote 1 for The Great Depression in the USA 2008 I. A casual reading and some research on the
following shrieks from some of our government leaders begins to make one wonder
at the timing of this disaster. Bush does not know what to do and his stooges
[Paulson and Bernanke] are awash in frantic attempts to stuff money into the
society by intimidating the 9 biggest banks.
Read this
crap:
“So, is deflation a threat to the economic health of the United States? Not to leave you in
suspense, I believe that the chance of significant deflation in the United
States in the foreseeable future is extremely small, for two principal
reasons…[ignore the rest—he guessed wrong]”--
Deflation: Making Sure "It" Doesn't Happen Here. Remarks by Governor Ben S. Bernanke Before the National
Economists Club, Washington, D.C. November
21, 2002
Now think about this:
“But it was a meeting of the International Monetary Fund (IMF) in September 2006 that earned him his nickname Dr Doom.
Roubini told an audience of fellow economists that a
generational crisis was coming. A once-in-a-lifetime housing bust would lay
waste to the US economy as oil prices soared, consumers stopped shopping and
the country went into a deep recession.
The collapse of the mortgage market would trigger a global
meltdown, as trillions of dollars of mortgage-backed securities unravelled. The shockwaves would destroy
banks and other big financial institutions such as Fannie Mae and Freddie Mac, America’s largest home loan lenders.”-- Sunday Times [London] October
26, 2008 about Nouriel Roubini
Sound like fact? Did this happen
and were the blunders he outlined actually the known factors that are crushing
our economy now?
““People
who have been totally blinded and wrong accusing me of getting the timing
wrong, it’s just a joke,” he said. “It’s a bit pathetic, frankly. I was not
making generic statements. I have made very specific predictions and I have
been right all along.” Quote From Nouriel Roubini in The Sunday Times Sunday October 26, 2008
Europe is less than broke in
societal, moral and financial terms. We
could join them any old time and now the HUNT IS ON for Wealth and that means your 401(k)s
and other assets.
Now, O’Bozo slithers back from the past with a call for ‘redistribution of wealth’” Listen this crap:
This is the tangled
spittle of a Marxist known as an Obama.
http://www.youtube.com/watch?v=iivL4c_3pck
http://www.americanthinker.com/blog/2008/10/obama_2001_scrap_the_constitut.html
Here is the
sputtering defense of his Marixsm by Plugs the Disgrace who makes Delaware look like Somalia:
Even Plugs, the gaff-gaggling familiar [thought to
have once been Baloney Joe Biden], bobs and nods in obsequious compliance with
this fluff.
http://trailblazersblog.dallasnews.com/archives/2008/10/biden-to-florida-news-anchor-a.html
Everybody happy with the thought that we have some
slavering Marxist
about to be elected to any high office in the US while we face a nasty depression?
Yes. Liberal Democrats are thrilled right down to their
sticky thongs.
Vote out
Democrats and get to T-Bills………………
rycK
Comments:
ryckki@gmail.com
Deflation: Making Sure
"It" Doesn't Happen Here. Remarks by Governor Ben S. Bernanke Before
the National Economists Club, Washington, D.C.November 21, 2002