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Title: Prediction. Obama loses with less then 212 electoral votes
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Published: Jul 4, 2012
Author: A K A Stone
Post Date: 2012-07-04 20:01:02 by A K A Stone
Keywords: None
Views: 17248
Comments: 30
There you have it. Obama will top out at a max of 212 electoral votes. Probably less. You heard it here first.
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#6. To: A K A Stone (#0)
Prediction. NOTHING WILL CHANGE.
I predict if Romney is elected the economy will improve. There will be strong Christmas sales. Peoples outlook for the future will be brighter.
Too bad you're wrong. Gary North summarized why, just today: This means that the government needs $222 trillion to invest in private capital markets that will pay about 5% per year for the next 75 years. Problem: the world's capital markets are just about $222 trillion. Then there are the unfunded liabilities of all other Western nations. These total at least what the U.S. does, and probably far more, since the welfare state's promises are more comprehensive outside the USA. Conclusion: they will all default Current GDP is $15T. Which means the existing unfunded liabilities make up a real debt/GDP ratio of 1,470%- far above Greece. Or in more basic terms, were we to shave the numbers by a factor of 1 million, you could use a more domestic version of budgeting... that is, you make $150K annually, but your total debt load is $2.2 million. Oh, and your actual disposable income is only $20k/year, and you're spending $30k/year, making up the difference on your (max'ed out) credit cards... REALITY CHECK: is this sustainable? Another analysis which lays it all in painful detail, summarizes the Bernank's QEternity as: Hyperinflation destroys the lower and middle classes. Think about it. If you are a middle class person, working and earning a living, you only have just so much discretionary income in your budget. You may even have no discretionary income in your budget, and your outgo exceeds your income. If prices double on the things you buy to survive, what will you do? But think about the upper class…the wealthy. They can more easily ride out a doubling of prices, since their living expenses are a smaller percentage of their income and assets. Inflation has always been the cruelest way for governments to steal from their citizens, and it has been done for millennia. Then cometh the collapse of the West. Unless you get your assets out of anything that is tied to the US Dollar and into gold and silver and other hard assets, YOU. WILL. LOSE. EVERYTHING. At some point, anybody selling anything will stop accepting Federal Reserve notes in payment. But before that, America will descend into chaos, violence, crime and death on a level never before witnessed. I wish you were right... that "peoples outlook for the future" actually mattered. It DOESN'T. We need someone who stands for the American people and Constitution, not a two- bit whore like o'Bungler or mcRomney. We'll not get it, unfortunately, and they'll dance to whatever tune the banksters play. We're on our own, with no chance of recovery for (my guess) at least 10- 15 years. PROVE me wrong...
#13. To: Capitalist Eric (#12)
The sky is falling the sky is falling.
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#7. To: Capitalist Eric (#6)
#12. To: A K A Stone (#7)
I predict if Romney is elected the economy will improve.
Why do I believe this? Because I believe in the analysis supplied by Professor Lawrence Kotlikoff of Boston University. Each year, he analyzes the statistics produced by the Congressional Budget Office on the present value – not future value – of the unfunded liabilities of the U.S. government. The latest figures are up by $11 trillion over the last year. The figure today is $222 trillion.
Answer: No, it's what is more commonly referred to as "bankrupt." Here comes hyperinflation. All our lives we have accepted an inflation rate of 3-4% a year as normal. As QE3 moves forward, inflation (which is actually now at about 8-9% per year) will quickly change to 8-9% per month. Shortly, 8-9% per week will jolt us. And THEN it will get worse. If you don’t know what happened to the money in Zimbabwe, do a Google search. A couple years ago, I bought 160 trillion of Zimbabwe money and it cost me $3.00. That will happen here in America.
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