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Media Ushers in Cowardly New World

SteveandJag Wrote: Dec 28, 2012 10:26 AM
As i keep saying, the EU will implode when the markets refuse to take Euros, which are being debased faster than the US Dollar. Or when Germany Just Says NO. So, the worldwide economic slowdown will continue, "cliff" or not. That will put us all into the "Death Spiral" and global social unrest. But, we will be better off than any other country because we have the largest and most diversified economy, labor force and resource base. The Green movement will be tossed under the bus.
Rich L. Wrote: Dec 28, 2012 11:24 AM
I wish it were so, but the reality is that at the moment that the Euro implodes, all paper currencies will implode as the myth of paper money being worth anything will be exposed and gone. We will be back on a gold or commodity standard whether or not anyone 'implements' it formally. The poor will riot as their SS and welfare is gone and anyone that does not know how to survive without Safeway, IGA, 7Eleven, FoodLion or Piggly Wiggly will be toast.
Fooling Wrote: Dec 28, 2012 10:42 AM
Agreed re Green Movement, they will be spat upon and despised for getting us so deep into economic suicide. $10 a gallon gas is going to be a treat : )

What a difference a few month makes.

Last month we were told by a fawning news media how great things were. The economy was a little engine that could.  And the declining unemployment rate was touted in headlines as significant progress toward economic recovery.

Unemployment rate falls to 7.8% in September, reported the Washington Post- a four-year low...”nearly”… whatever “nearly” means.

“The nation’s jobless rate dropped to its lowest point in nearly four years in September. And unlike some recent declines, this one happened for the right reason: not because people gave up looking for a job, but...