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Why the Bear of 2015 Is Different from the Bear of 2008

Posted by straightlinelogic 8 years, 8 months ago to Economics
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I'm not the only person saying 2015 will be worse than 2008. Charles Hugh Smith gives a pretty compelling list of reasons why.
SOURCE URL: http://charleshughsmith.blogspot.com/2015/08/why-bear-of-2015-is-different-from-bear.html


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  • Posted by $ Abaco 8 years, 8 months ago
    The only tools remaining are a reduction on regulations on businesses and a reduction in taxes. But, these aren't in the jurisdiction of the Fed...

    What do you think will happen?...
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    • Posted by $ jbrenner 8 years, 8 months ago
      IF (producers do not shrug) THEN
      Producers will get blamed for "unfairly" profiting from the misery of moochers. Looters will call for still higher taxes and more regulation. The Fed will call for negative interest rates. Sane people will put their savings into locked metal boxes in their closets.
      Go back to start of IF statement
      ELSE producers will disappear into a Gulch
      ENDIF
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    • Posted by $ blarman 8 years, 8 months ago
      The Fed isn't interested in lowering either taxes or regulations. They support the moves by the current Administration and Congress to increase taxes and stifle small business because it forces more business to go through the major banks they control.

      And the Federal Government also seeks the control that comes with more government handouts and regulations. They also work hand-in-hand to continue the inflationary policies that devalue the national debt. It's a massive cabal.
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  • Posted by $ blarman 8 years, 8 months ago
    Great post.

    The fuse has been lit for the most massive economic meltdown in history. The only way to stop it would be unprecedented moves by our government to slash taxes AND spending and neither is going to happen in time.
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    • Posted by term2 8 years, 8 months ago
      What WE can do is try to separate ourselves from the dealings of our government by using alternative money and being self sufficient as much as possible.
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  • Posted by $ jdg 8 years, 8 months ago
    Obama got as far as he did because his election took place shortly after the start of a big recession. Well, it looks like 2016 will be the same story again. Now all we need is a nominee who will seriously cut spending.

    But if that doesn't happen, I'll vote for the Libertarian, because I know he'll do it. And a RINO GOP nominee will be as bad as another Democrat.
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  • Posted by wiggys 8 years, 8 months ago
    It is generally understood or should be that the US market in total is the economic engine of the world.
    A
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    • Posted by wiggys 8 years, 8 months ago
      I did not finish. so here goes.

      The problem in China is simple, they do not have an internal economy that is to say they can not support themselves without shipping goods all over the world starting with the US. We had an internal economy until the government started the ball rolling to cause companies to leave the country and now that we do not have manufacturing as we had it 50 years ago our internal economy is disappearing. We also have over one hundred million people unemployed and as a result of an open border the number of unemployed is growing.The fed is just a sham and they can do nothing to change the direction of the down fall of the economy. Even if oil is 10 bucks a barrel people will not be able to afford to buy gas, because they do not have a job and the government will not give them more money. Yes this down turn will be worse.
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      • Posted by term2 8 years, 8 months ago
        We the people have been hoodwinked by lying politicians. If Trump does ONE thing only as president, he should tell us when the emperor has no clothes and expose the underhanded dealings of our politicians.
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