We Will Soon Find Out

Larry Kudlow seems finally to have understood (by his comment that ‘POTUS will go Left for his new economic team’) that Obama couldn’t care less about the economy. The question remains: How far left will he go? Will he go all the way to spark a communist revolution in this country? I suspect so. What better way to achieve it than to precipitate complete economic collapse?

The price of gold on the upswing is not so much a consequence of gold becoming more valuable. It is rather an indication of the dollar depreciating. Pretty soon we could be taking whole wheelbarrows of money to the supermarket to buy a loaf of bread. Don’t you think this would end in social upheavals of the kind this nation has never seen? Don’t you think that this would pulverize the foundations of every institution in this country, reduce them to dust to be blown away by the wind? POTUS would remain the only functioning authority over the ruin of a once great nation.

When Argentina suffered through its period of severe inflation in which the price of common products rose every day, the people themselves pegged the value of commodities on the value of a gallon of fuel. Money became irrelevant. Gas stations in effect became banks.

‘Growth recession' is an oxymoron. There is either growth, or there is recession. The two terms are mutually exclusive. POTUS himself is the one who continues to talk this nonsense. By it, he hopes to gain time to perfect his economic nuclear program. We’re all slow to figure it out. POTUS is banking on it. The majority of us still refuse to believe that the man we elected president would actually do this to us. Meanwhile, every day our economy wanes. The trigger will activate when the promise of new leadership will release all our pent up demand. By that time the guts of the system will have been so totally wrecked. Stepping on the gas will cause the economic engine to explode. …and then, nothing. The old car will stall, never to move another inch.

Already we see the signs of what’s coming. Investors in large numbers have abandoned stocks. Money and jobs are leaving the country. Bonds are shaky. Real estate is collapsing all around us. The last refuge is gold. What comes after gold? Nobody knows. Chaos, perhaps. The abyss. We’ve never been there before. Increasingly it becomes apparent that we will soon find out.

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