There Will Be No Economic Recovery

[opal]

Long vid.. I have not had time to watch all of it..
[video=youtube;bYkl3XlEneA]https://www.youtube.com/watch?feature=player_embedded&v=bYkl3XlEneA[/video]

 

[sailingaway]

 

[Zippyjuan]

There Will Be No Economic Recovery

Ever?

 

[Philosophy_of_Politics]

The issue isn't economic collapse, the issue is infinite insolvency.

 

[Natural Citizen]

Look at Detroit, people. None of that debt will ever be paid back. Detroit’s bond debt alone is a whopping $14 billion. Not worth pennies on the dollar, if that much. Look at the streets. Dogs running wild, people displaced. This is where we are headed if we continue on this path.

Regarding the Detroit model...In a recent post on the FinancialSurvivalNetwork.com, Kerry Lutz wrote,

“The city’s day-to-day operations are in total meltdown. Many police calls go unanswered. Large sections of the city are dark at night because thieves have stolen the streetlights’ copper wiring for scrap. Public education is a euphemism for warehousing and babysitting the criminal youth of tomorrow. Packs of wild dogs are found throughout the city. In many areas, garbage collection is a luxury that can no longer be afforded, and street cleaning is non-existent.”

(Click here for the complete FSN post.)

Now, imagine this on a national scale. Which is where we're headed under our current leadership.

 

[UWDude]

Ever?

Never.

 

[Natural Citizen]

From Greg Hunter over at USAWATCHDOG...

Greg's been a little crabby lately because he's been harping about this for a long time. Can't say that I blame him. Nobody is talking about this stuff in the media. None of them.

Finally, let’s look at the Federal Reserve’s decision to keep on printing money to prop up the banking system, stock market and the economy. The mainstream media is portraying this as something very good. Look at this USA Today headline from Thursday, “Fed Keeps Goosing Economy.” There is never a mention by the MSM that there could be and is going to be a downside to this. The downside is called inflation, and it looks like this is not going to end anytime soon. By the way, Fed chief Ben Bernanke says stocks are not in a bubble. Remember when he said the housing market was not in a bubble several years ago? You saw how accurate that assessment was.

http://usawatchdog.com/weekly-news-wrap-up-3-22-13/

[video=youtube;0-LZF513oQI]http://www.youtube.com/watch?feature=player_embedded&v=0-LZF513oQI#![/video]

 

[Acala]

The issue isn't economic collapse, the issue is infinite insolvency.

We won't have infinite insolvency. We will have a definitive default by the U.S. government one way or another. What happens after that is uncertain. But there will be a reset of prices and debt.

 

[belian78]

Look at Detroit, people. None of that debt will ever be paid back. Detroit’s bond debt alone is a whopping $14 billion. Not worth pennies on the dollar, if that much. Look at the streets. Dogs running wild, people displaced. This is where we are headed if we continue on this path.

Regarding the Detroit model...In a recent post on the FinancialSurvivalNetwork.com, Kerry Lutz wrote, (Click here for the complete FSN post.)

Now, imagine this on a national scale. Which is where we're headed under our current leadership.

All I pray for is another year or two of the slow slide. After that, me and mine will be ready to head off into the deep woods and leave all the crap behind.

 

[Czolgosz]

I'm no economist, just tossing a WAG.


Need to find the next bubble and keep the credit problems relatively hidden. Otherwise, no, the economy will stagnate for a long long time.

 

[BAllen]

Bullshit! It may be different, but it will come back. Direct patient/doctor care w/out insurance, direct farmer to buyer, etc. That is the way of the future, and it is MUCH better than the current system.

 

[amonasro]

seems like this will be a slow decline.

in the next few decades there will be a huge widening of the gap between the poor and wealthy.

personally i'm trying to claw my way up before it's too late.

i think this is an optimistic outlook.

 

[Deborah K]

Get good at growing your own food.

 

[tangent4ronpaul]

Bullshit! It may be different, but it will come back. Direct patient/doctor care w/out insurance, direct farmer to buyer, etc. That is the way of the future, and it is MUCH better than the current system.

Thank god we have laws on the books and coming on line as well as SWAT teams to prevent this tragic loss of complete control!

-t

 

[cheapseats]

"Jobless Recovery" was always euphemistic bullshit, not for Anchors Aweigh, rather...ANCHORS AWAY! C'YA, SUCKERZ!


http://www.youtube.com/watch?v=zJrIsK-ImA4&noredirect=1

Yo ho, yo ho, a pirate's life for me.
We pillage plunder, we rifle and loot.
Drink up me 'earties, yo ho.
We kidnap and ravage and don't give a hoot.
Drink up me 'earties, yo ho.

Yo ho, yo ho, a pirate's life for me.
We extort and pilfer, we filch and sack.
Drink up me 'earties, yo ho.
Maraud and embezzle and even highjack.
Drink up me 'earties, yo ho.

Yo ho, yo ho, a pirate's life for me.
We kindle and char and in flame and ignite.
Drink up me 'earties, yo ho.
We burn up the city, we're really a fright.
Drink up me 'earties, yo ho.

We're rascals and scoundrels, we're villians and knaves.
Drink up me 'earties, yo ho.
We're devils and black sheep, we're really bad eggs.
Drink up me 'earties, yo ho.

We're beggars and blighters and ne'er do-well cads,
Drink up me 'earties, yo ho.
Aye, but we're loved by our mommies and dads,
Drink up me 'earties, yo ho.
Yo ho, yo ho, a pirate's life for me.

http://www.stlyrics.com/songs/d/disney6472/apirateslifeformeyoho246486.html

 

[eating_nachos]

I'm looking forward to the collapse, I just hope I'm still around to see it.

It's time to wipe the slate clean and start over.

 

[thoughtomator]

personally i'm trying to claw my way up before it's too late.

If you ain't already there, it's already too late. No recovery until the system falls apart completely and we are able to rebuild from its ruins.

 

[cheapseats]

No recovery until the system falls apart completely...

Define RECOVERY.

People who value money more than American Sovereignty AND AMERICAN INTEGRITY do not care...I repeat and reiterate and reemphasize THEY DO NOT CARE...that "American" Recovery reflects stepped-up Second & Third World consumption. Who CARES about a saturated market of 300+ millions, when there are BILLIONS worldwide who have yet to buy our "basics".

Decider-Ruler-Baron types are literally BANKING on that.

They are BANKING on the healthcare costs/REVENUES of aging Baby Boomers.

A cut of every swipe of an #ElectronicBenefitsTransfer card sez they are literally INVESTED in poverty.

...and we are able to rebuild from its ruins.

The meek shall inherit (what's left of) the earth?

 

[Michigan11]

I like to keep my ears on the pulse amongst the people, and that no longer is any good, because the average Joe and Jill out ther is broke, in debt, and working a job that doesn't pay their bills any longer. So now I'm keeping my ear on the pulse of the people that still have savings and businesses that are turning a profit, to see what they are doing and how they are thinking. Most of these types are looking for other opportunities to supplement their dropping profit margins, and reading about survival and starting to buy gold/silver, and have already bought guns and ammo. The older types are in a state of mind, that appears to be similar to insanity, hoping things just turn around like they did in the past. So, my conclusion is that a couple more years of this and we will see alot more people awakened.

 

[Deborah K]

Did anyone watch this? I suffered through it (mostly statistics that back up his assertion that we're doomed) and at the end, he warns everyone to prepare. "Get some gold, get some food, get to know your neighbors and build up a community." Now haven't I been saying that for years????