DEFCON 2 declared - economic armageddon is coming

Discussion in 'Wall St. News' started by Trendytrader, May 20, 2010.

  1. ipatent

    ipatent

    lol at that. The elite will sit back and watch the steel cage match they have set up between the teabaggers and the phony black socialist president who in reality is a Wall Street tool. A made in Hollywood distraction. The "wealthy" who will be targeted will be your kid's orthodontist and the small business owner, while the kleptocrats find safe havens. If that doesn't work, there will be a phony war or the grid will be taken down for crowd control purposes.

    This isn't Armageddon, because the good guys are supposed to win when that happens.
     
    #11     May 20, 2010
  2. When you do see a cut in social programs coming? It obviously should happen, but I can't see it with this administration.
     
    #12     May 20, 2010
  3. The ones that shouldn't be punished are being punished in CA - the DMV is closed on Fridays, libraries are closed on Mondays. How counter-intuitive. How about slashing calPERS payouts?!
     
    #13     May 20, 2010
  4. businessstaxes

    businessstaxes Guest

    the euro was created after cold war

    euro was to create currency stability in european countries. a country cannot function with unstable currencies. and is very inefficient. interest rates is like 15% in countries with unstable currencies 15% FED rate would put the US recession and kill the stock market.

    but euro is now become obsolete

    the US doesn't want the euro to replace the USD as the foreign reserve currency.

    the USD is like gold was in barbaric times...USD is as good as gold anywhere in the world... they even take USD in countries with no currency as payment.

    the euro crisis has more to with the USD weakness if the fate of the euro goes down. capital starts exiting all currences and enters into gold etc. and fiat currency is as good as toilet paper. after world war II only currency worth owning was the USD all other currencies left in the dust or worthless currences or checks...with 10% annual inflation.

     
    #14     May 20, 2010