Obama aide: Debt limit fight could be “catastrophic” … A fight over the budget loomed on Sunday as a top aide to President Barack Obama warned of catastrophic consequences if Republicans follow through on threats to reject an increase in the nation’s borrowing limit. Republicans, who will take control of the House of Representatives this week, are demanding spending cuts to curb the $1.3 trillion budget deficit and several have said they would oppose a higher debt ceiling if Obama does not agree to a range of painful cuts. – LA Times
Dominant Social Theme: We shall overcome. Regulatory democracy shall be expanded.
Free-Market Analysis: In this article, we hope to show that where the US – and Europe, too – are headed has nothing much to do with business-as-usual. This is a dangerous time. The elite is unfathomably powerful yet; its injuries will make it angry. We will explore why the elite simply cannot fathom that its situation has changed radically and why sooner or later the realization that it may have to take a step back will sink in.
The truth-telling of the Internet is forcing changes – and placing the elite on a kind of knife-edge, in which the intended international economic catastrophes must be calibrated to promote continued globalization without overwhelming blowback from the masses. As stated, a difficult time.
The Anglo-American elite is fighting to keep the European Union from disintegrating. And as we can see from the article excerpted above there is a good deal of concern over the US debt situation as well as worry that the obvious US decline will not be properly managed. The elite, which has organized a central banking economy with commercial banks as distribution points, does not wish for a default in either Europe or America.
The global economic downturn has been worse than imagined and aggravated by the communications revolution and globalized network technology. Investments, social systems and the Way the World Works in the 21st century will all be determined by whether the elite can manage to create a version of the New World Order as it evidently and obviously wishes, or whether it cannot.
From an investment standpoint, this is a most important epoch. There are tremendous differences between an elite-run globalist world and one that is less controlled and reverting – unmanaged – toward free-markets. In the globalist world, one inhabits a highly-regulated economy of deteriorating fiat-money driving a plethora of confusing securities “investments.” Employment may be scarce and government itself provides the decision-making on a variety of fronts. Opportunities are organized quite literally around elite portfolios with accountants, lawyers and business managers at the top of the hierarchy.
Be the first to comment on "Elite on a Tightrope"