US Action News

The first structural problem is preposterous labor work rules in Italy, Spain, and Greece. The second structural problem is the ECB and the euro itself. One size interest rate policy cannot possibly work in a mix of cultures and work rules.

We all need to get mentally, emotionally and spiritually prepared for what is ahead.

Can we afford four more years of economic suicide? Of redistribution of wealth? Of an inexperienced community organizer? Of generational theft? Of record deficits and debt? Of campaign contributor payoffs in the billions of dollars? Of hiding documents on government murder and corruption? Of failed international leadership? Of dissing our allies and bowing to our enemies? Of $13 MILLION per green job programs? Of national security leaks for campaign imaging? Of ignoring the law and the will of the people? Four more years of a Marxist in the White House?

Financial markets all over the globe are very nervous right now because if the Spanish government ends up asking for a full-blown bailout it could spell the end for the eurozone. There simply is not enough money to do the same kind of thing for Spain that is being done for Greece.

Those governments are all bankrupt. But much more serious than financial bankruptcy is their total moral and intellectual bankruptcy. At this point the Europeans are so craven and degraded they deserve to be indentured servants of the Chinese, which they will be.

Farage unleashes a barrage on Europarl leaders who have been attempting to cover the hemorrhaging of the European debt crisis. Every couple of months they announce some supposed fix or bailout which comforts markets while the slide into economic breakdown continues.

Economic downshift in China has generated a long rippling effect on many countries and corporations around the world. .. CBO report estimates that the U.S. public debt could reach 200% GDP in 25 years if current tax and spending policies are extended.

The truth is that the financial crisis in Europe has not been cancelled – it has just been put off for a few weeks or a few months.

Eurozone leaders backed a ten year plan that would give an EU treasury powers over national budgets. The plan uses vague leftist socialist code words that could be interpreted to justify just about any decisions made.

Right now the ingredients for a “perfect storm” are developing in Europe. Government spending is being slashed all across the continent, ECB monetary policy is very tight, new regulations and deteriorating economic conditions are causing major banks to cut back on lending and there is panic in the air.