He got out because he is afraid the collapse may come before the next President’s term ends. He is a “business man.” He was running based on an assumption this crisis was ending. Now, he doesn’t know. Why be in office and get blamed for something you didn’t cause when you are young enough to run again in 4 or 8 years.

This wasn’t about anybody but Romney. His, “if it was just about me,” is “smoke.” It was about “me.” But, that doesn’t take away from the warning he gave. It is real. That much, at least was true.

In fact, he is counting on it to be true. He is counting on it happening before he runs again so he can run the video of that speech and say, “I told you so.”

The entire G-7 is in trouble economically. There are several things going on globally that most in our government aren’t prepared for. That is why all the panic right now by not just the Fed, but in other nation’s central banks and nations that are trying very hard to keep the U.S. above water. It is why they are so desperate to get the consumer going again.

They are afraid it won’t be in a few years, but now that their house of cards come tumbling down.

Romney is late to the game.

The U.S. is already like that relative that always wants to borrow some money, and then gets pissed when you say “no”.

Plenty of other advanced nations have similar freedoms as we do, and most advanced nations offer the same standards of living. Most investors also have access to global investment markets (regardless of where they live).

It’s time to face up to the fact that the only truly valuable role we (the United States) play these days is as the policeman with a very big gun, and lots of attack dogs.

So, with that, perhaps we should cut all domestic programs and focus 100% of our national resources into global law enforcement and war-making capabilities.

We had “democracy” at the local level the most and it worked because we had the county and state levels acting as checks and then finally the Federal level acting as a check on the states in case “democracy” became “mob rule.”

On the other forum you recently joined we have posted some article on our sovereignty and how we have lost so much through various agreements where we let other organizations dictate what we can and can’t do.

We have an article under Other Foreign News Affecting America
Defenseless and Stupid
by J. R. Nyquist

That you may be interested in concerning Russia and China.

I think Romney was right even though I wasn’t supporting his campaign, when he said we were going to become a 2nd tier power.

I agree with this assessment except for the “we” and the “Democracy”. Because as you know the best way to keep the power in the hands of the people is a Constitutional Republic.

Similarities between the problems in the United States now and in Japan nearly 20 years ago cannot be dismissed lightly. In both cases, there are plunging government bond yields, a troubled real estate market and a debt-burdened banking sector.

It is likely that a scenario similar to what happened in Japan will play out in the United States, with economic and asset growth coming to a standstill but for a shorter period of time.

The comparatively fast reactions by the Fed, which has cut benchmark lending rates by 225 basis points since September, and by U.S. banks, which have written off more than $70 billion in bad debt, signal that investors should not fear the type of recession that hit Japan.
Source

If they are wrong and this stimulus package doesn’t work and the rate cuts don’t stem the tide, then whoever wins this fall may face a very disturbing economic problem. Japan has suffered for 17 years under their crisis.

Humorous.

Sounds more like reality than comedy.

Inflation wars

Return of the Fedi (Jedi)

Others on this link
Financial Sense Follies

We need to “lighten up” and these are good.

Yup. We are also so stupid we did away with a Republic to have a democracy at the national level even though our founders warned us of the danger of one.

John. Most of the world has our currency.

quote:
Russia, China, and India own almost $2 trillion of those dollars. Throw in Korea, Japan, and Taiwan and we rise to $3.1 trillion, or 93% of all dollar reserves in the hands of just six countries.
Source

The problems, however are not with those nations but with voters that don’t know what their demands on government is costing us as a nation.