Vice-President Elect Joe Biden: US Economy in Danger of “Totally Tanking’. His solution? More “stimulus”. Just as I warned, the Mother of All Bailouts (MOAB) will continue to grow to gargantuan proportions that will inevitably spawn stagflation. Mark my words: Deflation in the short term, and mass inflation in the long term will be the hallmarks of the emerging Second Great Depression. Oh, speaking of inflation, SurvivalBlog reader Bill N. sent us this propaganda piece from the 1930s, archived on YouTube. Back then, just $4 billion was considered a massive economic stimulus. My, my! How times have changed.
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Thanks to KAF for finding this: Forget the economy: Killer asteroids could pose real danger
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KAF also sent this article, that ands some details to a previous post: Magnetic Field Hole Could Cripple Communications
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My old friend Sandy recommended this great sermon about America’s debt money system.
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The latest dose of GuD (Gloom und Doom) from Cheryl: Wall Street Sets the Stage for Next Big Heist — Bush Orders Emergency Auto Bailout (Gee, I thought the Constitution said that only Congress could appropriate funds?) — California Unemployment Rate Jumps to 8.4% — Bye-Bye Dollars, Bye-Bye Treasuries — Rescue Loans Guided by Raters Who Graded Subprimes AAA — Billionaires’ Ski Club Stiffs Vendors after Collapse — Glut of Oil Creates Short-Term Storage Problems — Stocks End Choppy Session Mixed — Gold Ends the Week Up Again