Debt Rattle Aug 25 2014: Is France About To Kill The Eurozone?
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As Lee Adler says, austerity is not a option. Meaning that it is a certainty. Oh sure, for some time longer money can be lent and spent but in the end austerity will be imposed.
Anyone out there still believe deflation is even remotely possible?
Ben Bernanke, Deflation: Making Sure “It” Doesn’t Happen Here, November 21, 2002
Something from nothing.
This is the greatest idea since ????
No more work … we all become rich bankers.
No more poverty … we all become rentiers.
No more deflation … we can all go to university
No more begging for money for a cup of coffee … just begging for a cup of coffee.
Hurry … make it happen.
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Send me cash Janet.
I’ll make more fucking ammo and grow more rice with it.
I’ll be rich off the sweat of others.
===From Mish: “Over 50% of Americans on Welfare or other Government Assistance”. The article said, “…it turned out that 153,323,000 people were getting federal benefits of some type at the end of 2012.” Truly unbelievable.
As the above Zero Hedge article says, “…lower-income households are more prone to consume…” Can you just imagine what would have happened to all the 7-11’s, Walmart stores, dollar stores, tattoo parlours, nail/hair salons if this assistance were never there? There would be soup lines stretching from the Bronx to San Jose.
So what we have is the top 20% making all the money (in the crooked and rigged stock markets, hiding assets in tax havens, loopholes up the yin yang), and then their taxes are paying for the lower 80%. Corporate welfare.
In other words, something for nothing is paying for something for nothing.
What we really have is a government induced purge of the Middle Classes. The bottom third live for free while the top third do to. It’s the middle third, the producers, who question it all, that present a threat to the establishment.
Upon finally being discovered, the rulers now only have one choice. The last piece of the puzzle is rapidly rising nominal personal income. That, or out come the guillotines.
If 50% are on the dole, give ’em all a 50% raise. It’s only free money, what harm could come of it? And it will all end up back at the top anyway.
This is really quite possibly how they think. Besides, when the consequences hit the streets, they know they can just step aside, or join the neo-Third Reich that rises from the ashes
If the Treasury/Fed, and they really are one in the same, must cut a check for $50,000 for each American resident, they will do so. Whatever it takes.
Literally! Whatever!
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