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11:11 AM
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"The Fiscal Cliff is a Diversion from the Real Problem"
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[quote:Anonymous Coward 22489632:MV8yMDk3NDY3XzM1MzM2MDgxXzYwODRDRkRB] Great post Op. but our derivatives exposure is more like 1200 trillion when its all said and done. Considering the GDP of the entire planet is only 80 trillion, you should sober up real quick. We have no choice but to declare a jubilee. It will happen on its own regardless because we are infinitely way way beyond any capacity to fix it. There is zero obligation and absolutely no point in you paying your bills. Unless you have a bit of the coward slave mentality in you still. Money is so worthless at this point that its a laugh. How long can they trick the silly sheep?? This year, grow your garden well my friends. Fast approaching is the time when a can of soup will be worth a man's life. [/quote]
Original Message
First post, so please cut me some slack here.
I looked everywhere and I don't see where anyone has posted this yet.
This is chilling! Even more chilling than your first post on GLP!!
This ad nauseum mention of the "Fiscal Cliff" is NOTHING compared to what is most probably coming!!!
STOP looking at the Fiscal Cliff and see what's coming behind it.
[
link to www.canadafreepress.com
]
Snippet:
"The fiscal cliff is a less a crisis than a creation that diverts the attention of policymakers, the media and the public away from the big picture abyss that threatens the United States and shifts focus to the smaller and more immediate tax and spending debate associated with the year-end expiration of the Bush tax cuts.
The central problem facing the U.S. that few understand is the growing systemic risk from the unsustainable trajectory of deficit spending and debt accumulation and the
$225 trillion
derivatives exposure largely held by a handful of U.S. banks that are too big to fail."
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