Well said 
Illinois Rep. Mike Bost (R) goes ballistic and explodes on House floor.
- Thread starter Grandluxe
- Start date
When is all this going to happen ?
In your lifetime. And very shortly. 3-4 years, max.
Quote from AK Forty Seven:
So many angry republicans these daysThat guy reminds me of some republican ET posters
Anger and stress is not good for your health
It is what happens when you write a 200 page bill and give people 3 hours to read them so as to push through your socialist ideas.
You want a rubber stamping legislative body and people are waking up, be careful of the purge that follows.
Its already happening in Greece. Pharmacies cannot obtain basic drugs from drug companies because the pharmacies already owe too much money so people are finding it difficult to obtain insulin, blood pressure medications, oxygen etc. There is going to be a violent revolution in Greece before the end of this year.
Those pretending that it wont affect them in the USA are delusional and lack any understanding of economics.
Those pretending that it wont affect them in the USA are delusional and lack any understanding of economics.
It's funny, they have been getting all this shit for free and either did no work or worked minimally.Now they are like oh shit what do i do, can't work, wont work but no free shit left? lol
They can't comprehend the relationship between productivity and reward.
The greek tragedy has been a long time in the making.
They are going to digitalize money and push ctrl alt del.
You heard it here first
Well said. I think we got off on the wrong foot, but we're pretty similar, ideologically. For interests sake, Greece contracted 10%, so far. 10% with blood in the streets, the pharmacies on empty, and unemployment hitting 21%.... The IMF and ECB still float their bond auctions with a budget deficit in excess of 9% GDP. With a conservative money multiplier of 1.7, Greece faces another 15% GDP contraction, to go. Basically, two and half times as worse as they are today.... And that assumes they don't exit the Euro and debase the drachma, which would put the gears to them even worse. Not Wiemar levels, but a conservative doubling or tripling of consumer prices. This is only the beginning, for Greece. And this is only the beginning for Europe. Spain is a monster, and Italy is too big to bail. CDS spreads on French debt will start picking up sooner than later, with their debt to GDP >90%. Spanish yields are at 6.7 percent today... America is on the radar, which scares the living hell out of me. What's really playing out here is the decline of Western power, and it's transfer to the East (China). That has enormous national security implications and something I'm livid about, as should most patriots be, conservative or not. Essentially, what we've done is exported our economy to the communist Chinese (and lesser extent, Asian community), and filled in the holes with debt, to make it appear "it worked". Now the credit card is maxed out and the paper is falling off. The jobs are gone, and ain't coming back. The next shoe to drop are revolts across Europe and massive Government interventions, FDR-style. This is all setting up for a global Depression, a newer deal worse than FDR (God help us, Obama isn't in office), replete with capital controls, massive taxes on the rich/speculators, huge printing to "save the economy" etc etc. The political fallout could, and very well might be, worse than the actual Depression we face. That goes for us, as well as Europe. If we get wild money printing to "shore up" the bond market when it tanks, reserve status will go with it, and then we're going to see serious, serious trouble.
Greece leaving the EMU and devaluing is their only way to survive. Sure, prices would triple, and the currency would devalue between 60 and 80%. But Greece had this before, and it will become a bastion of tourism once more with everyone in the West wanting to book a hotel and flight to the Greek Isles. I know I would. Santorini here I come. Cheap Greek products would send exports through the roof. Jobs would return. Look at Iceland. They devalued and survived. Now they're doing better than Greece, Ireland, Italy, etc.
If Greece stays in the EMU, it will die a slow and agonizing death until it eventually defaults ANYWAY.
The only thing keeping Greece in the EMU accomplishes is the transfer of bailout money from the ECB and sovereign countries in the North to their banks. That's it. The people aren't even getting the majority of the money anymore.
If Greece stays in the EMU, it will die a slow and agonizing death until it eventually defaults ANYWAY.
The only thing keeping Greece in the EMU accomplishes is the transfer of bailout money from the ECB and sovereign countries in the North to their banks. That's it. The people aren't even getting the majority of the money anymore.
^Exactly right. 18-24 months of huge pain and then a buoyant recovery. An exit followed by an outright default is better for Greece, than money printing. Currency debasement always leaves the people worse off, net exports. A doubling or tripling of consumer prices is nothing to sneeze at. That's like a conservative *halving* of living standards. Basically, a return to second world status, overnight. People would go bat shit. That's why I'm concerned about America. We're headed for exactly that scenario with the Fed and the bond market. Also, Iceland is like a small fishing village. They did alright, sure. But their demographics and economy, is much, much different, than a sizable country like Greece, Spain, America with a hugely urbanized population. Iceland has a big fishing industry with not so many people on the dole. Europe and America it's the complete opposite. Huge swaths of urban populations sucking on the Government tit. That said, we must take the medicine, regardless. Hurt now, or grind later.