Below are excerpts from an article by Jeff Nielson at EFTDaily News.com. How will we fare in Brevard? One thing I know for sure is we will need each other. Let’s build community relationships! Let me know what you think.
The U.S., with by far the world’s largest national deficit (even using the absurd, official number), has not yet begun the fiscal tightening being attempted in most other Western nations (with the notable exception of Canada).
What happens when this dying economy actually turns off the taps with all of this “easy money” from the government (which the U.S. government obviously cannot afford)? If the most insane/extreme fiscal and monetary stimulus in the history of the global economy has produced nothing but further economic decay, what happens when this unsustainable stimulus ceases to be sustained?
The obvious answer to that question is a Soviet Union-like economic implosion, assuming that reckless money-printing doesn’t produce the nightmare of hyperinflation first. …
Again, what happens when the unsustainable stimulus can no longer be sustained?
This is a dying economy in the midst of a Greater Depression. Even with B.S. Bernanke’s permanent 0% interest rates (something which would have been totally unthinkable just four years earlier), this monetary defibrillator cannot continue to feign “life” in this economic corpse. The moment that fiscal tightening inevitably begins, the full brunt of the U.S.’s Greater Depression will bludgeon the American people – and hopefully (finally) awaken then from their terminal apathy.
Any further pretensions of economic growth and job-creation can now only be regarded as absurd and transparent fiction….. The statistical charlatans at work for the U.S. government can pretend there is positive GDP growth. They can pretend there is positive jobs growth….
There was never any “economic reckoning” for the U.S. economy following the economic collapse which began (in earnest) in 2007. Reckless money-printing (the most reckless in history); reckless fiscal spending (the most reckless in history); and absurd statistical lies (the largest in history) have merely provided a coat of whitewash over top of this economic train-wreck…and now the paint is beginning to peel.