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Friday, January 27, 2012

Economic Collapse -- Why It Won't Be Stopped

The Fake Recovery

The phony recovery that Obama the Liar touts is shown for the mirage that it is. Even the pathetic "growth" of 1.7% is due to the artificial propping up (bailouts, "stimulus", Fed manipulation of interest rates, money printing) of the what's left of the economy.

Real GDP increased 1.7 percent in 2011 (that is, from the 2010 annual level to the 2011 annual level), compared with an increase of 3.0 percent in 2010.-Business Insider: 1.7%

Monday, January 2, 2012

Spectre of 1932 Haunting 2012?

For the most chilling parallel, though, we should look back exactly 80 years, to the cold wintry days when 1931 gave way to 1932.

The ultimate warning from history: If our political leaders fail to provide adequate direction the results, as demonstrated 80 years ago, could be catastrophic
Then as now, few people saw much to mourn in the passing of the old year. It was in 1931 that the Great Depression really took hold in Europe, bringing governments to their knees and plunging tens of millions of people out of work.

Then as now, the crisis had taken years to gather momentum. After the Wall Street Crash in 1929 — just as after the banking crisis of 2008 — some observers even thought that the worst was over.

But in the summer of 1931, a wave of banking panics swept across central Europe.

Read more:

Is the Euro Crisis Over?

William K. Black, Paolo Manasse, and John Weeks discuss the Euro and the danger of global recession.