Inflation will destroy US savings and purchasing power but the Fed and Obama have decided that is a an ok price to pay to bail out Europeans. Obama is desperate to keep the economy from tanking any further before the 2012 election.
Post Tagged with: "European fiscal crisis"
November 30, 2011 06:49
Euro-Crisis is Much Worse Than It Looks
This incredibly contractionary monetary “policy” began sometime earlier this year and is continuing to accelerate. I put policy in scare quotes because there is no policy as such there is simply contraction.
November 29, 2011 10:18
Flatout collapse of Euro – hyper depression
Europe’s demise is actually propping up the US economy. As Obama’s Debt Commission co-chair Erskine Bowles said the US economy is “the best lookin’ horse in the glue factory.”
November 28, 2011 07:12
Italy Is Closer To Collapse Than Anyone Realized, And So Is The World
If Italy can’t make it, then there will be a very big crashing sound. It would end up taking out most of the global lenders, a fair number of countries would follow into Italy’s vortex. In my opinion a default by Italy is certain to bring a global depression; one that would take many years to crawl out of.
November 28, 2011 03:30
Euro Bond: Europe’s Only Way Out For Now
[S]ome economists believe that the outright collapse of the Euro could reduce GDP in its member-states by up to half and trigger mass unemployment, which could lead to widespread civil unrest and property losses. In that scenario, a recession/depression in Europe and the world would be closer to a probability of 100%.
November 25, 2011 11:26
EU climate insanity
MEP Hannan says “doom is almost upon us and here we are solemnly talking about these proposals massively to increase our debt and deficit and to pour more money into this climate project. It would be disastrous if we actually meant it.” In the midst of economic collapse there are still fools pushing the climate agenda as a way to increase control over all industry and commerce.
November 22, 2011 06:48
Spain Dumps the Socialists and Gives Resounding Mandate to the Right – Now can we?
The conservatives won roughly 45% of the votes and the Socialists took 29%, according to official election results. In the last elections in 2008, the latter won by about four points.
November 21, 2011 06:17
Expect A Global Recession No Matter What Happens In The Euro Zone
[T]his Euro sovereign debt crisis, even if contained and/or resolved in an orderly and timely manner, would most likely bring wide spread austerity programs to almost all developed economies, including the U.S. either by the Super Committee or by the automatic spending cut, which would almost guarantee a global economic slowdown, if not an outright recession.
November 17, 2011 10:08
US banks at risk with billions in European bonds
US banks hold billions in European bonds making the US susceptible to Europe’s debt woes.
November 17, 2011 05:45
To Save the Euro we Must Destroy Germany
If German voters want to cede power and form a European nanny state, then so be it. But it will be the end of Germany and the end of Europe as well should they do so.
