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Discussion in 'Political Issues' started by snerd, Oct 1, 2012.
but but obama said.....
The Chairsatan Bernanke was asked today if we were on the verge of or already in a recession, he was very evasive in his answer............I think we have our answer.
Later on, he layed the foundation for the excuse: It is Europes fault. (if things get worse)
QE 3 = print and spend forever.
Show me where this has EVER worked...anywhere it has been tried.
nice debate fodder...
But it works for a lot of people. Here's how.
First you buy opposing currencies.
Second, you print & spend and implement every policies that will devalue US Dollars (ongoing).
Sit back and watch the devaluation. Then you buy the devalued Dollars, lots of it.
Then you wait for America to rebound, only America has the infrastructure to rebound (you can still say you believe in America).
Royally Made, you are.
That is a huge gamble and I can guarantee you that a crash of the USD will hurt ten times more people than it will help.
Bush's fault. It's four years later and Obama said he would fix it, but it's just Bush's fault.
I was thinking there is no question about a recession.
The question is when do they declare, if ever, we're in a depression.
I'm thinking November 7, however November 6 turns out.
What happened in 08 was NOT a recession.
It was a warm up for what is coming later on.
Remember, Bernanke just gave the green light to printing and spending with no limits.
If re-elected, Obama will indeed "inherit" the worst recession ever.
However, I don't think looters care about the people. The American people, that is.