DEFCON 2 declared - economic armageddon is coming

Quote from flytiger:

The wealthy that did this, politicians, Investment bankers and the like - they think they are going to sit home and wait this out in comfort. Not happening. The public is going to bring the fight to them. you can feel it. It smells like death everywhere.
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lol at that. The elite will sit back and watch the steel cage match they have set up between the teabaggers and the phony black socialist president who in reality is a Wall Street tool. A made in Hollywood distraction. The "wealthy" who will be targeted will be your kid's orthodontist and the small business owner, while the kleptocrats find safe havens. If that doesn't work, there will be a phony war or the grid will be taken down for crowd control purposes.

This isn't Armageddon, because the good guys are supposed to win when that happens.
 
Quote from Moneyball:

When you do see a cut in social programs coming? It obviously should happen, but I can't see it with this administration.
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The ones that shouldn't be punished are being punished in CA - the DMV is closed on Fridays, libraries are closed on Mondays. How counter-intuitive. How about slashing calPERS payouts?!
 
the euro was created after cold war

euro was to create currency stability in european countries. a country cannot function with unstable currencies. and is very inefficient. interest rates is like 15% in countries with unstable currencies 15% FED rate would put the US recession and kill the stock market.

but euro is now become obsolete

the US doesn't want the euro to replace the USD as the foreign reserve currency.

the USD is like gold was in barbaric times...USD is as good as gold anywhere in the world... they even take USD in countries with no currency as payment.

the euro crisis has more to with the USD weakness if the fate of the euro goes down. capital starts exiting all currences and enters into gold etc. and fiat currency is as good as toilet paper. after world war II only currency worth owning was the USD all other currencies left in the dust or worthless currences or checks...with 10% annual inflation.

Quote from Trendytrader:

DEFCON 1 coming...bunker down.

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Nuclear option is coming next week. trillions....

Geithner to Visit England, Germany Next Week to Discuss Crisis
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By Christopher Wellisz

May 20 (Bloomberg) --Treasury Secretary Timothy F. Geithner will visit Germany and the U.K. next week to discuss the European financial crisis, the Treasury Department said today in a statement in Washington.

Geithner “will meet with European officials to discuss the economic situation in the region and the measures being taken to restore global confidence and financial stability and to promote continued recovery,” the Treasury said.
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