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Title: U.S. Can Not Avoid Coming Economic Collapse – No Matter What! Here’s Why
Source:
The Economic Collapse Blog
URL Source: http://www.theeconomiccollapseblog.com
Published: Feb 4, 2012
Author: Michael Snyder
Post Date: 2012-02-04 20:07:35 by ndcorup
Keywords: None
Views: 307
Comments: 17
U.S. Can Not Avoid Coming Economic Collapse – No Matter What! Here’s Why Michael Snyder If the government suddenly started spending only the money that it actually brought in every year, our economy would be doomed and all of this “false prosperity” would rapidly disappear… [but conversely,] if the U.S. government continues to rack up debt at this pace we are doomed. In fact, every dollar that gets borrowed makes our eventual collapse ever worse. We are heading down the exact same road that Greece has gone. Eventually the rest of the world is not going to lend us gigantic mountains of super cheap money anymore. When the flow of cheap money stops, it [will] be extremely painful…If we had addressed these problems as a nation a decade or two ago, perhaps we could have found a solution but now there is no way out under our current financial system and a devastating economic collapse is on the horizon no matter what we do. Look at Greece. They were forced by the EU and the IMF to dramatically reduce government spending…[and] John Mauldin described the nightmarish effect that this had > on the country… As Greece began to shake and bake its way to “austerity,” the very act of cutting deficits pushed the country into recession, which lowered tax revenues and increased expenses, putting the elusive goal of a balanced budget even further off…Spain’s “draconian” cuts have [had much the same effects]… For country after country, this is the Endgame. It is the end of the Debt Supercycle. Debt has grown to the size that it cannot be sustained. The market will not lend any more money on terms that can be afforded, and any efforts to cut spending and raise taxes will result in an even worse economy, in various degrees of recession, with falling revenues and rising costs. The above is what happens when a country that has been spending far beyond its means is forced to dramatically cut back. Those that are convinced that balancing the federal budget in the United States will be relatively painless should take a close look at what is happening in Greece. The Greek economy has been plunged into a 21st century “Great Depression”: 33% of the entire nation is living in poverty. This is only just the beginning for Greece. Things are going to get even worse. Unfortunately, many believe that the United States is destined to experience far worse pain than Greece is currently experiencing. Peter Schiff, for example, insists that the United States is in even worse financial shape than Europe at this point. Just check out this video…. Anyone that attempts to downplay the U.S. debt problem is making a serious mistake. Yes, we are still able to borrow trillions of dollars for next to nothing, but that is going to come to an end. Whole Article ---- http://beforeitsnews.com/story/1701/181/NL/ Michael Snyder (www.theeconomiccollapseblog.com) >
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#1. To: ndcorup (#0)
Yes, it sucks to be US. And rightly so. Break the Conventions - Keep the Commandments - G.K.Chesterson There are many, many who believe we'll just work our way through this mess. Just print more money if we need it..............
Whistling past the financial graveyard. I don't know when, but we're gonna crash big-time! Break the Conventions - Keep the Commandments - G.K.Chesterson Just print more money if we need it.............. Tell me about it. My family is planning a knockout Super Bowl party for tomorrow and doesn't care a wit about the gathering storm clouds. I'm glad I finished out this basement as a complete apartment. I like living alone :)
What teams are playing tomorrow? No joke - I really don't know. Break the Conventions - Keep the Commandments - G.K.Chesterson NY Giants v New England Patriots. The Gints will break Brady in half, so place your bets now.
I don't know - I wouldn't bet against Mr.Brady. No points, I'll take NE. When do they tee it up? Break the Conventions - Keep the Commandments - G.K.Chesterson Dey be warmin' up in de bullpen long 'bout 5:00 tomorrow.
If there's enough interest, maybe we'll have a thread here.
Break the Conventions - Keep the Commandments - G.K.Chesterson 6:20 PM, EST. The party begins at 10AM with Bloody Marys. I'll be posting with the palms of my hands after the game.
Damn! I hope that you're viewing at home. BM's at 10am? You're a braver man than I. Break the Conventions - Keep the Commandments - G.K.Chesterson We on Central Time here. Perpetually playing catch up.
You're Texas tough. You'll hold your own :P
Don grew up in Mt.Pleasant, TX; about 60 miles north of my hometown. A true Texas treasure. Break the Conventions - Keep the Commandments - G.K.Chesterson Dandy Don was a unique American, who left everyone North of you wanting to be a Texan. Please consider me one of y'all at heart.
What I'm seeing right here at this forum is the reason we are going to crash. Already the subject of the article THE CRASH is being ignored in favor of the latest Tavastock distraction, the TOILET BOWL, OOps, Super Bowl.
What teams are playing tomorrow? No joke - I really don't know. Is that the game where they bounce the ball or throw it. Or, is it the one they run with it or run from it after hitting it? If it wasn't for the matching, colorful outfits, nobody would watch. I had a like-minded buddy that would take a universal remote to a sports bar. Oh baby that was some funny shit. We were easy to spot... being the only ones laughing our asses off. ~~~~~~~~
#2. To: Lod (#1)
#3. To: ndcorup, 4 (#2)
There are many, many who believe we'll just work our way through this mess.
#4. To: ndcorup, Lod, 4 (#2)
There are many, many who believe we'll just work our way through this mess.
#5. To: Jethro Tull (#4)
#6. To: Lod (#5)
#7. To: Jethro Tull (#6)
#8. To: Lod (#7)
#9. To: randge, JT, 4 (#8)
#10. To: Lod (#7)
#11. To: Jethro Tull (#10)
The party begins at 10AM with Bloody Marys. I'll be posting with the palms of my hands after the game.
#12. To: Jethro Tull (#10)
#13. To: randge, Lod, 4 (#12)
#14. To: Jethro Tull, 4 (#13)
#15. To: Lod (#14)
#16. To: ndcorup (#0)
The FARO RESERVE BANK!!! 
#17. To: Lod (#5)
(Edited)
The OneDollarDVDProject needs patriot activists
to help wake the town and tell the people.
Do your friends and family know what you know?
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