You should thank the party of
NO?
http://www.benzinga.com/print/1967963
The Occupy Wall Street movement is a belated backlash against the financial crisis and the 2008/2009 market meltdown and subsequent bailouts. The timing of the protests, however, may just be coinciding with another major plunge in stock prices and a possible recession. In combination with the potentially explosive situation in Europe, this movement may get an unforeseen spike in popularity from people who are largely ignoring it right now.
Average Americans who are either less informed about the precarious state of both the economy and the financial system as a whole, along with those who would just as soon ignore it for now, could get a major wake up call in the coming months. Although no one knows exactly how the current situation is going to play itself out, there is a very good chance that we are heading for another epic crisis.
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Speaking about a potential default, Bernanke said "So it's a very, very serious risk if that there were to happen. And that's why it's extremely important that the Europeans continue along the lines that they have been on, which is to try to address that situation." That is an understatement. Who else thinks we may be on the precipice of another major financial crisis? The best trader in the world, George Soros.
He has repeatedly said on record that we are headed for a depression (not a recession) and that the likelihood of a European implosion is extremely high. This summer, he told a panel that “We are on the verge of an economic collapse which starts, let's say, in Greece, but it could easily spread." Soros thinks that Europe is on the precipice of their own Lehman Brothers moment, and that given the weak economy in the United States this could cause a second Great Depression here at home.
http://www.chrismartenson.com/blog/arge ... pses/59179
Hyperinflation survivor Fernando "FerFAL" Aguirre shares his observations of life during and after Argentina's currency collapse in 2001. He notes that the decline initally began slowly, with most of the populace slow to wake to the danger. But when the eventual collapse occured, it happened practiclly overnight - catching the country by surprise. In the wake of the collapse, dealing with poverty and violent crime became the dominant themes.
Worth our attention is his observation that he now sees the sames signs in the US and other major developed nations that he saw leading up to Argentina's collapse. In fact, he foresees a similar endgame as all but inevitable.
Chris Martenson: So take us back to that period leading up to the currency collapse that you witnessed living in Argentina in 2001. You know: What were the signs, what were people’s perceptions at the time about how dire the situation could get, and what was the government saying and doing?
FerFAL: Well, the government as always says that nothing is going on and that everything is fine. As you can come to expect by now, just a few hours later you see the entire country go down. And you will be seeing high amounts of an unemployment, and there’s going to be a good amount of social unrest. Unfortunately, many of these things are already happening in the United States. So you are seeing many of these signs right now.