Market meltdown deja vu
The way the U.S. handled the debt crisis, holding itself hostage at it's own expense, could go down in history as singularly the greatest mistake it has ever made.
The formula is a perfect storm, identical to the one just before the great depression, with the same mistakes. Biggest thing we learned from the Great Depression? NEVER CUT during a fragile economy ... and here we are, not just cutting - eviscerating.
There won't be any bailouts this time. I think it's time to stop pretending it's going to turn out all right. We've got to stop painting rosy pictures and clinging to vain hopes - we need to get pragmatic and real and take action.
The question then becomes, just what the hell can we do about it?
The stock market is dropping because of the uncertainty of the future of the American economy. Moody's has no choice but to lower the Country rating to AA or possibly even lower. The debt limit raise was a disastrous defeat for the Tea Party and for nearly everyone on Wall Street.
Moody's, Fitch and S & P were looking for a plan to get a 4 to 5 trillion actual reduction in the debt and they got zero cuts. The deal was nothing more than a reduction in the rate of increase of expenditures and slowing down the race to 20 trillion of debt.
Instead of figuring a way to decrease expenditures from 4.3 trillion to match revenues of 2.6 trillion, all these clowns did was reduce the percentage of the increase of expenditures. How sad.
Some of the 40 Tea Party Congressmen even voted for the deal and they said that this was a compromise at least they got a reduction in the rate of growth of expenditures. What a joke. The only way to stop the insanity was to force a temporary default and to pass a balanced budget amendment. Anything short of that was a total cave-in by the Conservatives.
For America to survive, the budget must be balanced by 2015 and a plan in place to reduce the debt from 19 trillion down to zero. The next step was to tackle entitlements and return Social Security to the "TRUST" lock-box status it was originally designed to have.
The same could be said for Medicare. It needs to be adjusted to a lock-box status and the Medicare taxes collected need to be able to provide for the future expenditures of the retired recipients.
This is really an easy fix and I don't understand why intelligent human beings can't do it. Oh, I forgot, by definition liberals are unintelligent and closed minded and uncaring, and in lock step with their elitist leadership. They are not allowed to think on their own feet.
How To Survive A Great Depression - News
The formula is a perfect storm, identical to the one just before the great depression, with the same mistakes. Biggest thing we learned from the Great Depression? NEVER CUT during a fragile economy and here we are, not just cutting - eviscerating.
Whomever suggested such a strategic move surely was an idiot or asleep for the past four years as the economy tanked and the most vicious recession, since the Great Depression, took root. A simple drive two-miles northeast of the current Nassau
How would you survive? I remember asking that question to my grandparents, Joseph and Philomena. How did they survive the Great Depression? My grandmother, never at a loss for words, direly described how her family avoided starving.
Decision time, folks. Will we embrace painful realism and do what's necessary to survive? Or will we simply close our eyes and hope the monster doesn't see us? The monster, incidentally, is default followed by Great Depression II. Just half a year ago,
By the end of 2007, the national economy had slipped into a downturn that, within a year, would devolve into the Great Recession, the worst economic cycle since the Great Depression of the 1930s. By 2010, unemployment in the Rock River Valley soared to
Could You Survive Another Great Depression? by Paul Kengor - The ...
The Great Recession has now earned the dubious right of being compared to the Great Depression. In the face of the most stimulative fiscal and monetary policies in our history, we have experienced the loss of over 7 million jobs, wiping out every job gained since the year 2000. From the moment the Obama administration came into office, there have been no net increases in full-time jobs, only in part-time jobs. This is contrary to all previous recessions. Employers are not recalling the workers they laid off.... We now have more idle men and women than at any time since the Great Depression.
How To Survive A Great Depression - Bookshelf
The great depression ahead, how to prosper in the crash following the greatest boom in history
From the author of the bestselling "The Roaring 2000s" comes a new book that predicts a major economic crash and offers advice on how to survive it.The Great Depression of Debt, Survival Techniques for Every Investor
This book takes a close look at today's economy and offers a bleak prediction for its future.Bubbles and how to survive them
2 THE GREAT DEPRESSION Major bubbles are usually associated with a boom in the economy and busts are associated with a recession or even a depression. ...Lessons from the Great Depression For Dummies
This book paints a historic picture of those times and examines not only the critical failures that led to a decade of depression, but also the positive and ...How to Survive Tough Times
This book is intended to make sure your children never go to bed hungry.Guide One Directory
How to Survive a Great Depression - How Did People Survive ...
Did you, or anyone you know, survive the Great Depression of 1929? Would this help in surviving another great depression? Tips on surviving a great depression.
How to Survive The Great Depression
I thought it would be interesting to talk about how to survive the great depression considering how I already added a group of great depression articles to this site.
How to Survive a Great Depression
You may be concerned about what you might do, and how you might act, should the country go into a great depression similar to those seen in the past. ...
How To Survive the Next Great Depression.
Regardless if this is another Great Depression or whether we run into one in 10, 20 or 50+ years from now, ... How to survive the Great Recession/Depression: ...
How to Survive the Depression: 25 Survival Tips for the ...
Come 2010, many experts believe that the United States as we know it is going to be a different fish, a literal plethora of hidden anarchy and possible