- Europe is within days of a massive economic implosion that will put the entire global economy at risk of economic disaster. The Greek bailout is now in tatters. The EU is about to break apart. European banks are insolvent. There isn’t enough money in all the world to save the EU. This will set off a chain reaction of epic proportions across the globe.
- At least the EU downfall is good for one thing. They are Exhibit A proving that the toxic cesspool of big government, big taxes, big spending, big unions, fat pensions, early retirement, and too many people working for government is poison to any country’s economic survival. The EU experiment proves that government is too big to succeed. Unfortunately Obama’s model for America is Europe.
- The bad news is Europe won’t go down without a fight . . . with America’s money. The result of this economic Armageddon will be “the mother of all bailouts.” I predict Bernanke and the Fed will team with central bankers all over the world to create the biggest coordinated economic rescue in world history.
- The short-term result of more central bank financial fraud and intervention will be a rising stock market and relief the world over. Global media will hail Obama and the Fed as saviors. You’ll hear economic experts claim “We’ve saved the world’s economy.”
- In response to this economic chaos, crisis, and despair, as well as skyrocketing inflation and collapse of fiat currencies, the streets of America will resemble the anarchy of Greece. Gold will soon soar to $3,000 per ounce, on the way to $6,000 and higher.
- Obama will go down in history as the man who presided over the destruction of the U.S. economy and the unimaginable loss of our country’s AAA credit rating.
- Obama will lose in November 2012 by landslide proportions to either Texas Gov. Rick Perry or New Jersey Gov. Chris Christie. The tea party — the group Obama has demonized — will once again prove itself the most important force in U.S. politics.
- But it will all be too little, too late. The Obama Great Depression is here. We are in for perhaps the ugliest decade in world economic history.
Socialism always sounds sexy, until your economy collapses and your government runs out of other people’s money. It’s always the same ending.
You can’t put a “community activist” who has never run a business, created a job, or made a payroll, and has only one talent — reading teleprompters — in charge of the world’s biggest economy.
This story was always going to end badly. That one was easy to predict.