Replies to post #7541 on General Stock Ideas

[gfp927z]

MarketFest, The Ryan choice could backfire. Putting an austerity zealot like Ryan on the ticket can mobilize the vote for Obama again, even though many are completely disillusioned with Obama.

The bankster globalists want to impose severe austerity, but their willing puppet Obama can only deliver so much - there are limits to how far he can sell out his political base on the Left. Many now realize that Obama is a complete sellout to Wall St/Goldman Sachs. The bankster's plan of gutting Social Security/Medicare, stealing pensions, gutting the public sector, etc, will need a Republican and a crisis atmosphere.

With Obama they managed to get 1/2 trillion cut out of Medicare, but with a Republican and a crisis, the banksters think they can completely gut and privatize Social Security and Medicare. The budget process has already been given over to the 'Super Congress' gang of 12. So there will be a crisis atmosphere by the end of the year (fiscal cliff), and out of that will come Greece style austerity in the US.

But massive spending cuts and higher taxes will only turn the severe recession into a Depression, just as occured under Hoover/Andrew Mellon in the early 1930s, and in Germany under Bruning/Hjalmar Schacht. History clearly shows that imposing austerity during a recession only makes it worse.

The solution is to nationalize the Fed Reserve and then issue debt free zero percent credit for production / infrastructure only. Currently all credit goes to the parasitic financial sector to prop up their toxic derviatives, with nothing for the real productive economy. It's no wonder the economy continues its sickening downward spiral toward oblivion.

[bigworld]

MF4: Whatever the positive effect of a Romney/Ryan win will be temporary at best. There is nothing that they (or Obama) can do at this point. All the ingredients for a major global economic meltdown are already baked in over decades. All R&R will be able to do is put in place policies that will be the seed corn for an economic revival later this decade. Corporate tax reform, R&D credits, and accelerated depreciation for new plants and equipment to stimulate business investment. Incentivise companies to in-source manufacturing rather than out source jobs. Allow full on energy development including the Keystone pipeline. If we don't buy the Canadian oil China will gladly build a pipeline to Vancouver and buy all that Canada produces. Open up Gulf and other coastal development, including ANWR. Screw the caribou. If we don't develop our own energy we'll be paying European prices for gas due to all the inflation that the Fed has baked into the economic pie. For a moment think what $9.00 a gallon gas would do to food prices, inflation, economic growth...etc. But even if all these steps are implemented the next 2-3 years are going to be horrific economically. China's economy is slipping notwithstanding their PR's of 8% growth. Their real estate bubble is bursting and China's economy will slow ocnsiderably because of it, and that in turn will take down the economies (and real estate bubbles) in Australia, parts of Canada, Brazil, etc. The world has borrowed far too much money than can ever be repaid. Either that debt is paid at a high cost to future growth, or is inflated away to the severe distress of the bottom 80%, or is defaulted upon...which would collapse all the major banks around the world. There is no easy way out anymore. A worldwide market crash is absolutely 100% going to occur in 2013-2015, the worst fall since the 1930's. We never learn our lessons to avoid extreme debt driven economic expansion because the inevitable contractions when that debt gets too big to pay are a bitch. I'm glad Romney chose Ryan, I really like that Wisconsin caongressman. He has real gravitas based on fact, not myth. He has a VERIFIABKE resume, and he built that. He is a person of accomplishment and character. What a contrast to the empty suit in the White House that puts his feet upon venerable White House heirlooms like the Rutherford Hayes desk that was a gift to the US from Queen Victoria. Less than 100 days before we can oust this economic moron.