Archive for 17 Jul 2012

…may be on the way, says Richard Duncan over at CNBC.

It appears that we are just deferring the inevitable with this. Quantitative easing and all the other Fed tricks are just borrowing time. Eventually we will be hit, and when it does, it will be ugly.

How Close Are We to New Great Depression?
By: Catherine Boyle

The risk of a new depression — a sustained, severe recession — has struck fear into the heart of markets and driven monetary policy in developed economies since the current financial crisis began.

“We’re in a very unfortunate position to be here,” Richard Duncan, author of The New Depression, warned on CNBC’s “Squawk Box Europe” Monday.

“When we broke the link between money and gold, this removed all constraints on credit creation. This explosion of credit created the world we live in, but it now seems that credit cannot expand any further because the private sector is incapable of repaying the debt it has already, and if credit begins to contract, there’s a very real danger that we will collapse into a new Great Depression,” he argued.

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in a silly attempt to make Romney the “evil” one. Dems think they’re on to something, or think they’re smart by comparing Romney to the villain in Batman’s, Bane and trying to link that with Bain Capital. Pathetic.

Takes a great leap to make the comparison, but that’s how morons roll.

PICKET: Batman villain creator reacts to character’s comparison to Romney – ‘Ridiculous’..’Overgrasping Dems’
By Kerry Picket

Well here’s a non-sensical comparison from Democrats for the Obama campaign to use. According to Paul Bedard at The Washington Examiner, the Obama campaign takes Batman’s new enemy Bane, a pumped up venom gas breathing maniac, in the movie “The Dark Knight Rises” and compares him to presumptive GOP presidential nominee Mitt Romney, because of the Massachusetts GOP’ers previous work with the investment firm Bain Capital, which Obama and Democrats say was a job killer. Get it–Bane and Bain? Bedard writes:

“Bane” is the terrorist in the new movie who drives the caped crusader out of semi-retirement in the final Batman movie. Democrats, who believe they have Romney on the ropes over the president’s assault on his leadership at Bain Capital, said the comparisons are too rich to ignore.
“It has been observed that movies can reflect the national mood,” said Democratic advisor and former Clinton aide Christopher Lehane. “Whether it is spelled Bain and being put out by the Obama campaign or Bane and being out by Hollywood, the narratives are similar: a highly intelligent villain with offshore interests and a past both are seeking to cover up who had a powerful father and is set on pillaging society,” he added.

Comic book writer Chuck Dixon created the character of Bane with Graham Nolan in the early 90’s and Dixon’s reaction to the news above, according to his message board on his website Dixonverse.net, was “I saw it on FB like two hours ago. Ridiculous. Tho’ I got a cold feeling in the pit of my stomach that Rush may pick up on this. And that would be the second time he pegged me and Graham as liberals on his show.”

He later added, “Overgrasping Dems? Hey, if it gets Obama supporters into theaters. Maybe they’ll buy thousands of Bane toys to throw at Romney. It all adds to MY Bane capital. I wonder if the Romney campaign will contact me?”

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…I haven’t read all these yet, but they are on my to do list.