Global Economic Crisis

The supposed sole superpower on the globe, the United States of America, has a government largely shut for business-thanks to the nation’s dysfunctional political establishment. It is as though Al-Qaida secretly brainwashed Congress and the White House, and gave them all a script to follow, one that inflicts as much harm as possible on the still-weak American economy.

For the past four days, President Barack Obama and Speaker of the House  John Boehner, have talked past each other, with the government largely mothballed with no budget approved by Congress. The hard-right of the Republican Party is using the shutdown of the government to pressure the Democrats to delay provisions of the Affordable Care Act, more commonly referred to as “Obamacare.” But in all fairness, the entire U.S. political establishment must take responsibility for this example of failed politics. And the worst may be just ahead. If by October 17 Congress does not approve raising the debt ceiling, currently at $16.7 trillion, a financial apocalypse may ensue.  Yet, America’s incompetent politicos seem more fixated on their narrow political agendas than preventing  what may be the mother of all economic crises.

If Hillary Clinton runs for President of the United States  in 2016, see the video about the book that warned back in 2008 what a second Clinton presidency would mean for the USA:

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Hillary Clinton Nude

Hillary Clinton Nude

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HILLARY CLINTON NUDE

WALL STREET KILLS--A CHILLING NOVEL ABOUT WALL STREET GREED GONE MAD

To view the official trailer YouTube video for “Wall Street Kills,” click image below:

Wall Street Kills-Official Trailer

In a world dominated by high finance, how far would Wall Street go in search of profits? In Sheldon Filger’s terrifying novel about money, sex and murder, Wall Street has no limits. “Wall Street Kills” is the ultimate thriller about greed gone mad. Read “Wall Street Kills” and blow your mind.

The so-called fiscal cliff, a creation of Washington politicians, means that a tsunami of tax increases and spending cuts will batter the American economy, due to, among other things, the expiration of the Bush tax cuts. As the United States is still coping with a severe economic  crisis, and depends on structural mega-deficits to keep its economy afloat, the fiscal cliff threatens to derail for what passes for an economic recovery-one that is feeble at best.

The hope of forestalling a major fiscal drag on a weak American economy is a compromise involving increased revenue generation combined with selective spending cuts. But the Republicans, who control the House of Representatives, and the Democrats, who control the White House and the Senate, thus far are unable to compromise. Thus, global markets watch in stupefied wonder as the American political establishment morphs into a circular firing squad, as witnessed with the latest shenanigan.

House speaker John Boehner boasted that his GOP caucus would pass his so-called “Plan B,” which offered feeble tax increases along with far more massive social spending cuts, while leaving military spending increases intact. However, even a token tax increase limited to only those earning more than one million dollars per annum, was more than the Tea Party stalwarts of the GOP could stomach. Instead of a vote, Boehner embarrassingly withdrew his own “Plan B,” and in the process turned what passes for the modern-day Republican Party into a laughing stock. Meanwhile, America’s creditors watch nervously, as the political games in Washington continue undiminished, while thoughtful economic policy takes a back seat to ideological priorities.

Amid tepid economic growth that can only be maintained by massive  fiscal deficits, the political establishment in Washington DC, especially within the GOP, is looking increasingly dysfunctional to a world in which  America’s economic dominance is likely to be surpassed by the new emerging economic giants, China and India, perhaps within the next 10-20 years. Unless a moment of sanity can prevail in Washington, whereby economic policy is crafted by real economists instead of fringe ideological movements, the fiscal cliff that will ensue will contribute significantly towards the permanent economic decline of the United States.

WALL STREET KILLS--A CHILLING NOVEL ABOUT WALL STREET GREED GONE MAD

 To view the official trailer YouTube video for “Wall Street Kills,” click image below:

Wall Street Kills-Official Trailer

In a world dominated by high finance, how far would Wall Street go in search of profits? In Sheldon Filger’s terrifying novel about money, sex and murder, Wall Street has no limits. “Wall Street Kills” is the ultimate thriller about greed gone mad. Read “Wall Street Kills” and blow your mind.