The Economic Implosion of the West – On Schedule?

Things are turning so negative so rapidly, this is really starting to appear like the fall of Rome.

Governments cannot see that no matter what they do, they cannot solve the debt crisis by raising taxes to pay the bondholders. This is creating such a deflationary vortex, it is the precise way all empires die by their own hand – never by hyperinflation. The bankers will not tolerate that.

The bankers control both sides of the aisle.

Obama can blame the rich for not paying 90% of all income as it was before the JFK reforms, but what he is not saying is he is taking from the productive “rich” to pay the bankers and then 40% of all interest is exported anyway and is not taxed.

It appears that the world is headed in the direction of a massive assault upon wealth everywhere. The culmination of class warfare seems to be coming to a head all because government owes so damn much in interest, there may be no way out but complete collapse

There seems to be no way to stop this runaway train. Politicians are fueling our own destruction. They cannot see the consequences of their actions. It is time for a world MONETARY CONFERENCE and a full DEBT RESTRUCTURING before there is nothing left to save.

[link to armstrongeconomics.com]

Above from multiple blog entries from Martin in the last week.

:Corzine and Obam:

:Bernak is money :

Last Edited by No Dhimmi on 08/17/2012 11:27 AM