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Quantitative easing will do little to boost the U.S. economy, says economist Joseph Stiglitz....
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Friday, September 21, 2012, 7:51 PM ETQuantitative easing will do little to boost the U.S. economy, says economist Joseph Stiglitz. Instead, it risks triggering currency and trade wars that will leave the world worse off. Rather than unilateral action, the world needs a “growth compact” aimed at spurring economic expansion around the world. He had hoped that G20 leaders would have started addressing the topic at the summit in Seoul, but now he feels the meeting will be spent dealing with the unintended consequences of the Fed’s action.
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Fiat money is dying !!!
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Regretfully, the populace doesn't understand this.
The economy is kept alive by low interest rates and free money from the government. When sane fiscal policy starts to kick in when Obama is out I'm wondering how ugly it will get.... the gap between rich and poor will be huge.
The problem with fiscal conservatives is that they forget that no one country makes everything, so you have to buy stuff from the outside. This means you have to sell stuff to the outside to at least have neutral currency flows. The stuff that is sold outside unfortunately has to be competitively priced.
Taxes, entitlements, regulations, spending, etc are part of fiscal policy and are out of control.....
I can't think of a logical reason as to why we embarked on such foolish policies.
At least now we realize that it will not have any real effects.....like we said on the last one.....and the one before that.......
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Black December!
If Mitt wins, there is enough breathing room to get us quietly into 2013.
"Get to work, Mr. Senator"
I just was sent this by a good friend. Figure i pass it on since manipulation wasn't even discussed yet !!
Silver Scandal Fueled With Your Money."
Below article nails "bid-rigging JPM," explains how gold has just done a golden cross, why miners havbe lagged, and that gold and silver are set to explode upward:
http://bit.ly/R80AaX
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AND THIS !!!
This morning, the NY Post reports that at least ten more fake 10 ounce "gold bars" filled with Tungsten have been discovered.
Wait until they start checking the "repositories" behind the precious metal ETFs and various other storage areas
I undertand the ten bars were in NY only !!!
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Thats the major problem i have with our system. READ BELOW!
In 1887 Alexander Tyler, a Scottish history professor at the
University of Edinburgh, had this to say about the fall of the
Athenian Republic some 2,000 years prior: "A democracy is always
temporary in nature; it simply cannot exist as a permanent
form of government. A democracy will continue to exist up until
the time that voters discover that they can vote themselves generous
gifts from the public treasury. From that moment on, the majority
always votes for the candidates who promise the most benefits from
the public treasury, with the result that every democracy will finally
collapse over loose fiscal policy, (which is) always followed by a
dictatorship."
"The average age of the world's greatest civilizations from the
beginning of history, has been about 200 years. During those 200
years, these nations always progressed through the following sequence:
From bondage to spiritual faith;
From spiritual faith to great courage;
From courage to liberty;
From liberty to abundance;
From abundance to complacency;
From complacency to apathy;
From apathy to dependence;
From dependence back into bondage."
The Obituary follows:
Born 1776, Died 2012
It doesn't hurt to read this several times.
Professor Joseph Olson of Hamline University School of Law in
St. Paul, Minnesota, points out some interesting facts concerning
the last Presidential election:
Number of States won by: Obama: 19 McCain: 29
Square miles of land won by: Obama: 580,000 McCain: 2,427,000
Population of counties won by: Obama: 127 million McCain: 143 million
Murder rate per 100,000 residents in counties won by: Obama: 13.2 McCain: 2.1
Professor Olson adds: "In aggregate, the map of the territory
McCain won was mostly the land owned by the taxpaying citizens
of the country.
Obama territory mostly encompassed those citizens living in low
income tenements and living off various forms of government
welfare..."
Olson believes the United States is now somewhere between the
"complacency and apathy" phase of Professor Tyler's definition of
democracy, with some forty percent of the nation's population
already having reached the "governmental dependency" phase.
If Congress grants amnesty and citizenship to twenty million
criminal invaders called illegal's - and they vote - then we can say
goodbye to the USA in fewer than five years