The government is in what is known as a debt death spiral. They must borrow money to repay prior debts. It is as if they are using their Visa Card to make an American Express payment. The rate of new debt additions dwarf any rate of growth the economy can possibly achieve. The end is certain, only its timing is unknown.
Post Tagged with: "global recession"
June 26, 2013 14:16
A Message from Lord Vader
U.S. has “turned Japanese” with a near lost decade of job creation. We should expect results that are similarly poor as in Japan in coming decades: we use the same policy prescription for the same ailment, why wouldn’t we have the same result?
May 3, 2013 05:49
Global Recession Looms – Result of Spending & Debt
Every facet of global manufacturing is slowing …
January 24, 2013 05:19
25 Years of Global Recession to Correct Spending Binge
The contraction phase of not having anything backing this inflated wealth will take 25 years of contracting to get back to sustainable levels.
November 7, 2012 07:48
Recession Assured – Socialists Win
Taxmageddon will be the largest tax increase EVER to hit Americans. It’s nearly $500 billion in one year, starting January 1. That’s two months away.
October 16, 2012 10:25
The Fed is ruining YOUR economy
By keeping real interest rates negative the Federal Reserve is destroying the value of your money and raising the costs of everything. Economist Marc Faber explains the dire consequences on the global horizon.
September 21, 2012 07:14
Eurozone Steepest Contraction Since June 2009; Unwarranted Hope and Reflections on Panic! Economists Can Neither Think Nor See
The global recession which started in Europe, is strengthening led by further declines in the eurozone.
August 24, 2012 07:53
Odds of Global Recession Are 100%: Marc Faber
There’s still a 100 percent chance the world heads into recession, Marc Faber, publisher of “The Gloom, Boom & Doom Report,” told CNBC’s “Closing Bell” on Thursday, echoing a call he made in May. – cnbc.com
August 1, 2012 06:09
Global economy in recession – Japan sinking
It should be very clear now that the global economy in aggregate is back in recession, … there has been scant attention to this possibility in media reports.
July 26, 2012 19:41
Double dip recession looms as Europe tanks
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?
