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“We will see what happens as markets prepare for the “massive fiscal cliff” at the end of the year - as Ben Bernanke called it - when stimulus wears off and a tax rises kick in automatically, and as the delayed effect of Brent crude at $125 feeds through.”
—
“In some respects it is now worse. China’s personal consumption has fallen to 37pc of GDP from 48pc a decade ago. The mercantilist powers (chiefly China and Germany) are still holding on to their trade surpluses through rigged currencies, the dirty dollar-peg and the dirty D-Mark peg (euro), exerting a contractionary bias on output in the deficit states - though China at least recognizes that this must change.

“There is still too much world supply, and too little demand, the curse of the inter-War years. That at least is the Weltanschauung of the pessimists. If correct, we face a globalized “Lost Decade”, a string of false dawns as each recovery runs into the headwinds of scarce demand, and debt leveraging grinds on.”

related material
who is obama?

the web address for the article above is
https://www.abelard.org/news/politics_usa_122011.php#obama_borrowed_money_100412

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obama actively wants to weaken america

Obama wants to cut military spending, while Iran rushes to arm the fundies - appeasement rides again.

These are the same ‘policies’ Europe pursued while national socialism turned a major economy to armaments. Surely Hitler is a reasonable man, he only wants peace.

He keeps telling you so. Why are you so cynical?

It may be polite, or diplomatic, or self-comforting to claim that Obama is ‘naive’, or that he thinks he can cut debt, or make one of a dozen other excuses.

But everything in Obama’s background and behaviour indicates deliberate intent.

The incredible running up of debt weakens America. Cutting the military weakens America.

The present American standard of living is being funded on debt. Eventually, the debt has to be repaid in one form or another.

Take an income in America of $150,000 a year, and then add an extra $15,000 a year borrowing. The standard of living would appear good for a few years, then the borrower would be in deep trouble.

Obama is on course to borrow approximately $6 billion over his first four years. The total US GDP is around $15 trillion. $6 billion in borrowing is 10% of American GDP each year.

What America receiving for that vast sum of money - .imports of chinese tat?

As Keynes said:

“Lenin was right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is

able to diagnose.” [The Economic Consequences of the Peace, ch. 6]

You should realise that Lenin wished to overturn the existing basis of society.

related material
who is obama?

the web address for the article above is
https://www.abelard.org/news/politics_usa_122011.php#obama_appeasement_180212

speeches from obama's intended opposition - videos

Santorum speech to CPAC today (Conservative Political Action Conference)

21:41 mins

Romney speech to CPAC

26:12 mins

A conservative, a liberal and a moderate went into a pub. The bar tender greeted him, “Hi Mitt”.

“I have principles... and if you don’t like them I have other principles.”

Romney is trying to make a virtue of the fact that he is low on experience of Washington. Politics is vastly more complex than the armchair generals believe. Romney is a step up from a community organiser, but I don’t see how he can beat Gingrich or Santorum.

newt gingrich: substance over style

 
29:45 mins

daniel hannan at cpac

27:27 mins

the web address for the article above is
https://www.abelard.org/news/politics_usa_122011.php#cpac_speeches_110212

usa real gdp is again negative

The USA’s debt limit has been increased, so several more trillion dollars have been borrowed. At the same time, the nominal GDP ‘growth’ is an anaemic 2.8%.

Once more, Obama is borrowing fake growth for election purposes.

This is the same dishonesty run by the socialists in the UK, trying to buy votes from fools.

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who is obama?
obama - judgment and experience
obama - what really goes on in his head

the web address for the article above is
https://www.abelard.org/news/politics_usa_122011.php#usa_gdp_down_280112

newt gingrich - the end of obama?

Two short video clips of a full one-hour, one-on-one interview between former Congress Speaker Newt Gingrich and Fox News presenter Sean Hannity.
(Three short videos available so far.)

“The fact is, the ideas are penetrating in the country, the crowds are responding, people love the idea of seven three-hour debates in the Lincoln-Douglas tradition with a timekeeper and no moderator. A month ago, I didn’t think we would get here for another 60 days. But it’s clear the country’s talking to itself and it’s clear that across the country, people are saying ‘You know, I think we need Newt Gingrich because we need somebody who can debate Obama. We need somebody who’s actually done this before. We need somebody with very substantial, big ideas.’”

the web address for the article above is
https://www.abelard.org/news/politics_usa_122011.php#gingrich_presidential_candidate_011211

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