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Originally posted by Disconnected Sociopath
Originally posted by dontreally
reply to post by Disconnected Sociopath
What i think is much more likely is this.
In 2012, the economy will collapse. And that will begin a long and grueling process.
Theres no 'major cataclysm'. And if there is going to be, theres no rational indication of it. Theres only a defunct economy, and a plan to collapse it. This is what the 2012 predictions are about. Its the "end of this world'. And with all things new, it begins with pain - birth pangs, and sufferring.
I used to think something drastic was going to happen. But i dont think that anymore. Im going to think reasonably, and logically, and the only 'sure thing' to put stock into, is a collapse of the economy, atleast by 2012. It would be pretty amazing if it happened december 19th, the end of the 3rd quarter, in 2012. It would atleast prove that inflation.us is aware of that, and thus playing thrir own role in this engineered calamity.
Personally I would classify a total collapse of the US economy as a 'major cataclysm' because there would be many lives lost in the fallout simply due all the chaos in the streets. There would be all out wars and large metro areas would be hit the hardest due to the population density. And I'm guessing our government has no trouble killing millions of innocent people with deadly force if they need to.
What drives the Obama plan is the deemed need for a reauthorization of the unemployment benefits extensions that expired on November 30 and, without which millions of formerly employed Americans will see a cessation of said benefits. Many economists agree that not only does the unemployment extensions aid the sluggish economy at an individual level but to deny them would eliminate a direct economic stabilizer that would have a radiating ripple effect from the base outward, perhaps eventually sending the fragile economy back into an even worse recessionary period than from which it recently emerged.