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Whether by design or circumstance. It appears the leader of the IMF is resigned to the fact that gov'ts won't comply with austerity or giving up sovereignty. Therefore they will experience a global depression not unlike the 1930's.
The problem is that if we actually experience a slow down equal to the 30's great depression.
Peasants around the world will not politely wait in soup lines, or que up for a slave labor job, just to get by.
The morals of the world have basically vanished. People will not be polite and civil.
This summer could be the year of police states across the world.
Invest in security gear, and who ever makes pepper spray and teargas.
If I were to ever bring Lagarde here and vote, she will vote with the three of us at the top. Becoz that's the only way to stave off this credit crisis and prevent certain depression which will be kick started by a probable collapse of the Euro.
But the problem. Populism rages in every country. Politics and elections compound it. And people are against any kind of capital injection becoz they aren't really sold on the theme of what can happen if the injection is not made.
Because..... again I have to blame wall street here. Capital injection was performed in 2008 and the very next year some of that money was used for fat cat bonuses, backroom deals with politicians and they set a bad precedent in the eyes of the masses that any form of capital injection would be misused. That defines the whole gridlock.
The only way out - capital injection. Excessive oversight and punitive action for misuse.
If I were to ever bring Lagarde here and vote, she will vote with the three of us at the top. Becoz that's the only way to stave off this credit crisis and prevent certain depression which will be kick started by a probable collapse of the Euro.
But the problem. Populism rages in every country. Politics and elections compound it. And people are against any kind of capital injection becoz they aren't really sold on the theme of what can happen if the injection is not made.
Because..... again I have to blame wall street here. Capital injection was performed in 2008 and the very next year some of that money was used for fat cat bonuses, backroom deals with politicians and they set a bad precedent in the eyes of the masses that any form of capital injection would be misused. That defines the whole gridlock.
The only way out - capital injection. Excessive oversight and punitive action for misuse.
Broken system, let it crash. All the signs are there that we have entered dangerous territory though. China, Australia, Brazil, all of the little gems that were getting by unscaved... Well, they are now entering a significant slowdown phase. I was really hoping to see Brazil's handling of the economy show the world how free markets are really run, with proper infrastructure investments and all. Last quarters GDP growth was exactly 0. I'm not worried, but I do think that's a good measure of where we are globally. We're overlooking a steep descent and creeping closer to the edge every day. If it happens, there is nothing I can see holding other than cash. It'll be a day traders paradise, but that's about it.
Where exactly do you think this "capital injection" is going to come from? Won't we be covering debt withing more debt? The systemic issues leading us to this point will not be addressed with this solution, as I feel the only thing left to do is to allow the will of the free market's to rule.
Peasants around the world will not politely wait in soup lines, or que up for a slave labor job, just to get by.
The morals of the world have basically vanished. People will not be polite and civil.
Yeah, when folks figure out that genocide is the end game, the proles throw all those "morals" and polite and civil behavior out pretty quick.
Quote:
This summer could be the year of police states across the world.
Invest in security gear, and who ever makes pepper spray and teargas.
The US .gov and .mil are already W A Y ahead of you on this . . . .
A recent controversial provision in the NDAA act for 2012 has received critical attention[2] as Section 1031 allows for the indefinite detention of U.S. citizens without a trial or hearing, and Section 1032 requires that the detention be by the armed forces in the case of non-citizens.[3] [4] As passed, the 2012 bill includes language in Section 1032 stating the intent is not to change existing common law, such as Hamdi v. Rumsfeld and Hamdan v. Rumsfeld, which ruled that lawful United States citizens have the right to challenge their detention before an impartial judge and military commissions (such as those at Guantanamo Bay) lack the power to proceed, respectively. Citizens of the United States are statutorily excluded only from the "requirement for military custody" in Section 1032, which provides the executive branch discretion whether to indefinitely detain U.S. citizens within military detention centers, or alternatively in the Federal prison system.
Listen to our own government hearings on the subject this past week: (2+ hrs). Yes, the predictions are that it will be bad for the US economy and the average American will not go untouched.
If I were to ever bring Lagarde here and vote, she will vote with the three of us at the top. Becoz that's the only way to stave off this credit crisis and prevent certain depression which will be kick started by a probable collapse of the Euro.
But the problem. Populism rages in every country. Politics and elections compound it. And people are against any kind of capital injection becoz they aren't really sold on the theme of what can happen if the injection is not made.
Because..... again I have to blame wall street here. Capital injection was performed in 2008 and the very next year some of that money was used for fat cat bonuses, backroom deals with politicians and they set a bad precedent in the eyes of the masses that any form of capital injection would be misused. That defines the whole gridlock.
The only way out - capital injection. Excessive oversight and punitive action for misuse.
It tells me that all financial bubbles and collapses are by design. Good poll by the way.
The IMF will always serve itself and force themselves on the peasants (you know who was the head of the IMF pre LaGardia (the sickness). They are the power distribution unit for elite globalists that love to feel more important than the peons. The Pee ons are tired of the smell of Elite Urine.
The IMF will use this to exterminate the cannon fodder of the world.
Financial warriors. Destroy and rebuild... collect the spread on the way up and the way down.
They only make profit if the money is moving. They like it to move fast in either direction, which hurts people.
It will collapse, enough people are not willing to play the game any longer. Europe will be on fire this summer. I'll have my steak char rare please.
Let Europe eat cake.
The U.S. economy does seem to be improving, but our banks and corporations are very vulnerable to what happens in Europe.
National debt will eat into any improvements, if the numbers go up, the taxes will go up in order to balance the bloated debt.
We are on life support, and the prognosis is terminal due to debt and corruption.
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