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McGrath: ‘Austerity Will Hit America Like An Eight Pound Sledgehammer’
Posted By admin On October 28, 2010 @ 4:09 am In Money Watch | Comments Disabled
Oct 28, 2010
Charlie McGrath of Wide Awake News  warns that things are going to change after the election – for the worse. While the movement across America to stop an out of control Congress in its tracks will likely lead to Republican victories and control of at least the House, the idea that this will somehow change the economic outlook for the better is conjecture. While our regular readers already understand we’re in a depression, most Americans have no clue of the severity of the problem. According to McGrath, they will know very very soon.
Look at what’s going on around the world. We have riots in Greece, riots in France, we have massive job cuts in England [which are] probably going to lead to social unrest there. It is our time to have austerity flung upon us. That’s what this election is going to be used for.
A week from now when Republicans control the house, maybe the Senate, it really doesn’t matter. Everything’s going to come to a grinding halt. Every talk of extending unemployment benefits is going to come to a grinding halt and austerity is going to be implemented on the American people. Like it or not, it’s coming.
This is the plan. We’re going to know that we are in a great depression, very very soon.
There’s going to be a lot of people in your life, maybe even yourself, who are facing these difficult, tough decisions when it comes to how to make ends meet…
…The fact is, economic hard times [are] coming your way – like it or not. You have to change your mindset. You have to wrap your head around the fact that it might be your only option to strategically default on your house. It might be your only option to go ahead and file bankruptcy.
…When austerity becomes vogue in this country, it’s going to hit like an eight pound sledgehammer and a lot of people are not going to be able to take it.
…They would have no problem whatsoever walking away from you and letting you wither and die on the vine. You can not have a heart for these people. You need to have a heart for your family. You need to make strategic decisions that benefit yourself and your family. The crime of shifting their debt on to you is complete. It’s time for you to look out for you and your own.
A lot of personal economic decisions in the very near future will be made out of desperation. Congress, be it democrat or republican, cannot stop the coming wave. Whether we print more money a la Paul Krugman and Keynesian economics, or cut spending through austerity measures, the shit is about to hit the fan.
Watch Charlie McGrath:
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URL to article: http://www.prisonplanet.com/mcgrath-%e2%80%98austerity-will-hit-america-like-an-eight-pound-sledgehammer%e2%80%99.html
URLs in this post:
 Wide Awake News: http://www.wideawakenews.com/
 Having A Supply Of Healthy Foods That Last Just Makes Sense (AD): http://www.efoodsdirect.com//index.html?aid=14&adid=43
 Image: http://www.homegain.com/homevalues
 McGrath: “The Control Grid is Being Put Into Place to Handle What They Know Is Coming.”: http://www.prisonplanet.com/mcgrath-%e2%80%9cthe-control-grid-is-being-put-into-place-to-handle-what-they-know-is-coming-%e2%80%9d.html
 Top Ratings Agency Warns Austerity Riots Could Hit America: http://www.prisonplanet.com/top-ratings-agency-warns-austerity-riots-could-hit-america.html
 Greece Austerity Diet Risks 1930s-Style Depression: Euro Credit: http://www.prisonplanet.com/greece-austerity-diet-risks-1930s-style-depression-euro-credit.html
 Austerity Riots – A Glimpse Of America’s Future?: http://www.prisonplanet.com/austerity-riots-a-glimpse-of-americas-future.html
 Heathrow forced to cancel 39 flights in anti-austerity strikes across Europe and angry clashes break out in Oxford Street: http://www.prisonplanet.com/heathrow-forced-to-cancel-39-flights-in-anti-austerity-strikes-across-europe-and-angry-clashes-break-out-in-oxford-street.html
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