I always said that the crap will hit the roof when the littler people at the bottom cash flow will stop.
That is when hell will break lose, so far the government keeps cutting and cutting so when the money actually stop it will not be so bad, but hell they going to get a big surprise.
"The only mandate of the Federal Reserve is to keep the bankers in power and the people underneath them," said Celente during a recent interview with Russia Today. "They're devaluing the dollar and enslaving the people"
Originally posted by marg6043
It didn't took long for one of them to answer back telling that he was opposing the SOPA initiative bill.
Spanish Prime Minister Mariano Rajoy has said his country will miss its budget deficit target for this year, just as EU leaders agree a new treaty to enforce budget discipline.
Mr Rajoy said Spain's deficit would be 5.8% of total economic output in 2012, higher than its agreed target of 4.4%.
He said the higher target still represented "significant austerity".
The Netherlands also said it would miss its budget target for this year, with a deficit of 4.5%.
The Dutch target was 4.1%...
"I'm backing austerity and aim to reduce the deficit from 8.5% [in 2011] to 5.8%," said Mr Rajoy.
In January, he outlined 8.9bn euros ($11.8bn; £7.4bn) in new budget cuts, as well as tax increases designed to raise 6.3bn euros.
But analysts said even hitting the new deficit target would not be easy.
"It's still a difficult objective in the absence of any traction in external demand," said Emilio Ontiveros at Analistas Financieros Internacionales in Madrid.
"Spain is going to depend a lot on the economic tone of its main commercial partners in the eurozone."...
The Dutch Freedom Party has called for a return to the Guilder, becoming the first political movement in the eurozone with a large popular base to opt for withdrawal from the single currency.
"The euro is not in the interests of the Dutch people," said Geert Wilders, the leader of the right-wing populist party with a sixth of the seats in the Dutch parliament. "We want to be the master of our own house and our own country, so we say yes to the guilder. Bring it on."
Mr Wilders made his decision after receiving a report by London-based Lombard Street Research concluding that the Netherlands is badly handicapped by euro membership, and that it could cost EMU’s creditor core more than €2.4 trillion to hold monetary union together over the next four years. "If the politicians in The Hague disagree with our report, let them show the guts to hold a referendum. Let the Dutch people decide," he said.
Originally posted by marg6043
reply to post by camaro68ss
We collapsed a long time ago, when countries needs monthly infusions of bailout money from sources that also are in need of financial help it tells you that is nothing but a big hoax and that so call infusions are nothing but lies, as countries are not getting financially better.
That is what is going on in the world, as long as is electronic transfers of fictitious funds the bailouts will keep on going.