Tuesday, October 25, 2011

Global Financial Crisis News - Caution: Tyranny Ahead

Here is the hard fact. Austerity in the United States is the only way to restore confidence in the U.S. Economy. Continued increases in government debt will undermine the dollar and confidence in our economy causing a global depression. The reason America is in a better position than Europe is that our dollar is undervalued. We could actually improve our economy through deflation or austerity. Deflation of an undervalued currency may actually restore the market equilibrium value and confidence in the economy. It is no guarantee, but a possibility in stark contrast with Europe.

Austerity in southern Europe will cause a damaging deflationary cycle because their currency is overvalued. To restore the market balance of their currency, these countries face massive dissatisfaction from their populations. Violence and protests would be the outcome and the only alternative is restored confidence through a recovering world economy that generates the wealth to stabilize southern Europe.

I apologize for the financial jargon used thus far. To summarize, America must cut spending immediately or the world will fall into a global depression. Europe is so far gone, that their only hope is for confidence in America's economic might to lead the world to prosperity and save their butts.

Enter Barack Obama, his latest "Jobs" bill and a new "Mortgage Loan Refinancing" program for houses that are up to 25% underwater.  What is the economic effect of these efforts to "restore the housing market" and "create or save jobs?" The net effect is further public debt spending and private capitalization (consumer and bank debt). Both are the exact wrong courses of action. These actions erase confidence and hope in the American economy. By proxy, this will kick the remaining legs out of confidence in the world recovery. President Obama's jawboning of this agenda is eroding confidence and hope throughout the world. 

(Fellow SLOB W.C. Verones has an excellent post with more information on our economic troubles in video format.)

We Americans again are faced with a choice between selfish, greedy comfort and hard, responsible good. It is our duty to stop the coming tragedy that I describe as The New Dark Age.  However, most of us will be complacent. Unwilling to see beyond the handouts and take personal responsibility for our lives. Most Americans cannot accept the fact that we are engaged in a struggle for our way of life and the battleground is in our hearts.

It is our choice to fight in this new kind of conflict. We also must choose sides in this war. A war based upon the mutually assured destruction of the interconnected western world through economic assault. Western culture is on the brink and our president sides with those who are pushing it over the edge. We must choose the difficult path of personal responsibility or humanity faces tyranny ahead.


david watson said...

It's really helped me a lot. You're a great writer.legaldebtcollection - Debt Collection

Best SEO said...

Really good articles about Debt Collection Debt Collection

advance payday loan said...

Advance payday loan connected me quickly and efficiently with some decent loan choices. Overall, they were totally awesome. - thanks!

Alex John said...

Anyone, looking for the most desirable short term loans? Don’t waste anymore of your time check out the online pa paydayloans here! And I assure you! You will not regret it.online pa paydayloans

Read More said...

Anyone, looking for the most desirable short term loans? Don’t waste anymore of your time check out the lending here! And I assure you! You will not regret it.
Read More

Ruth D.Dominick said...

Awesome! Immense information there.

Claire Merrett said...

It’s my first time to visit this site & I’m really surprised to see such impressive stuff out there. monthly loan

Emily Hilscher said...

eliminate debts with easy and instant approval debt consolidation loans and save money as well as time
debt consolidation loans for bad credit

fintech innovation said...

Finance innovation solutions provide a comprehensive suite of products and services for simplified development and rapid deployment resulting in a more agile development lifecycle, Fintech Dynamic Messaging for Business Workflow Agility, Simplify Enterprise Mobile Connectivity.

dirty talking tips said...

I guess this blog is perfectly incomparable.

Loan Advisor said...

Proof of their license and registration is easily obtained by looking at the list of Loan Advisor lenders. To be a licensed moneylender means that they have met all the requirements set by the Ministry for money lending businesses, and so you can trust them to treat you according to the guidelines set by the government….




Related Posts Plugin for WordPress, Blogger...