Socialism snowballs downhill
First, some good news. Geert Wilders’ New Right PPV party wins 24 seats in Netherlands election. The New Right is taking shape in Europe. But very slowly. Not fast enough to make a difference.
Taleb warns of debt “spreading like cancer.” Debt default is the big cloud hanging over the markets and the world economy. It’s not going away.
“Don’t give a junkie more drugs, don’t give a debt junkie more debt.”
Good advice, but Obama isn’t listening. Europe is now at the crisis point where it has to cut spending. The Social Democrats in the U.S. are still pushing the pedal to the metal and running up more debt. At the moment, the U.S. observers are afraid that Europe’s debt defaults might pose a problem to U.S. markets. This will soon change. There is a home-grown debt tsunami right over their shoulder they are ignoring.
Good thing Merkel didn’t listen to Obama about increasing Germany’s spending, as Britain did, at the height of the financial crisis. Germany has a little room to maneuver while Britain’s new government is discovering that Gordon Brown’s government understated Britain’s financial problems.
How would you like to take office after Brown or Obama and try to figure out how to clean up their irresponsible spending?
Moody’s downgrades Greece’s sovereign debt to junk status. The daily trickle of bad news from Europe keeps the stock markets down. We are expecting a big stock market event over the summer.
We caught two speeches by Nouriel Roubini, the sharpest economist. Roubini believes Greece’s debt, and other problematic debt, must be renegotiated (delayed payments at lower rates) to keep Europe functioning. He also predicts low growth in the U.S. as opposed to a double-dip. High unemployment will prevent the economy from growing. Paying down debt (deleveraging) is the highest priority for every institution, otherwise debt defaults will ripple and become disorderly. Spain is really Europe’s next problem, with 20 percent unemployment and way too much government spending. We like Roubini, and he is very articulate. Everybody else seems lost in optimism by comparison. But Roubini remains a global free trader and never has anything to say about illegal immigration or the anti-white socialist policies or the necessity of whites to organize and separate to survive. Also, Roubini is very careful not to call the criminals criminals, he says instead that the bankers “capture” the regulators. You have to get your anti-globalism politics at NWOU. Roubini is very well educated in economics, though, check his website.
As we predicted: German unions protest government budget cuts as “hurting the poor.” Actually, it’s hurting the unionized government bureaucrats who face layoffs. The cure for poverty is a private sector job, not socialism. There will be lots more whining from the socialists in the days ahead. The socialists are too stupid to take pay cuts, so they are going to get laid off. Good.
UK sees high unemployment until 2015.
“The net result could well be that the deficit is hardly dented as tax receipts fall and benefit spending grows.”
We don’t think anyone in power on the Left is making an accurate assessment of revenue flows compared with promised spending. They’re all waiting for capitalism to recover and bail them out while doing their best to kill capitalism. Funny drama, isn’t it? That’s what happens when you vote irresponsible people into office.
If the economy is recovering, why are so many banks failing?
New York’s budget crisis. It would be interesting if the state stopped providing services. You can see how we could end up in an “every man for himself” situation due to the failure of socialism to control its spending. This is so obvious, you can’t really attribute it to the stupidity of the Left, you have to think they must want to bring governments down on purpose. No, on second thought, the Left really is that stupid. They have control of a golden goose, and they are killing it out of greed.
The coming Fannie/Freddie bailout, “the mother of all bailouts.” Maybe it’s not a good idea for the government to go into the mortgage business.
We’re still waiting for the first financial criminal to be prosecuted. How long can they cover up the crimes?
California notices that immigration makes California dumber. And poorer. Yes, and you can count on the illegals to join the gay, feminist, and black morons and vote Democrat.
Retired military officers call for Obama’s resignation. Can’t hurt. The case for Obama’s impeachment is already being made. Bribery in the Pennsylvania Senate race, for one.
Daniel Estulin on the Bilderbergers. We found Alex Jones’ report more interesting. Are the controllers really running from publicity? Seems hard to believe with so many criminals still moving around and speaking in public. A war with Iran doesn’t help Europe’s debt problems. Not much here of real interest. More at PrisonPlanet.
National Guard mobilization news.
Managing the ethnic diversity of crime in Australia.
Immigrants in Sweden burn down school.
How illegal immigration benefits Washington. With governments threatening to collapse, we’re looking at ethnic gangs controlling the streets. Should be interesting.
Of interest:
U.S. military ships Afghanistan’s heroin. No wonder Putin is pissed at Obama. Is this report really accurate? We’ve seen hints before, but nothing this open.
Obamacare will devastate private insurance plans offered by employers. No surprise here. Obamacare is going to keep the government passing new laws and regulations to patch up the control. The story is just beginning. What will the states do?
On the Medicare con job. Why not let the socialists plan the entire economy? Understand, these parasites not only don’t produce anything, they’re terrible at planning.
Why those computer appliances are bad for your brain. The techno-future is a con job. The myth of multi-tasking. Use of technology linked with media creates an addictive state. You don’t have to be a genius to figure this out, just be around tech junkies and observe their lack of present-centered focus and shallow ideas. We hope they are not all permanently distracted because their brains are rewired.
We are amazed that the controllers got people to carry around appliances to distract themselves. They even line up to pay for them. It’s going to be really hard to pull these people out of their media brainwashing, but there’s a therapy business opportunity in media addiction recovery for some bright entrepreneur.
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