Stocks Tumble as Congressman Predicts Economic Riots in America

truther November 14, 2012 7

Kurt Nimmo

Stocks tumbled again on fears of the rapidly approaching fiscal cliff in the United States and a failure by eurozone finance ministers and the IMF to decide how Greece will resolve its sovereign debt and pay off the banksters at Société Générale, Deutsche Bank, Eurobank, and other loan sharking institutions.

“This morning the reasons du jour started out with Europe and the kerfuffle over Greece and then you have the fiscal cliff,” Michael Holland, chairman of New York-based Holland & Co., told Bloomberg News.

Amid the lackluster performance of the stock market, the Obama administration has invited top establishment politicos in Congress to the White House later this week to hammer out a plan to avoid the so-called fiscal cliff. Business honchos from some of the world’s largest transnational corporations will be in attendance, including those from American Express, Ford Motor and Honeywell International.

“We’re not out of the woods yet,” said Guillaume Duchesne, an equity strategist at BGL BNP Paribas SA in Luxembourg. He added that a resolution of the financial crisis threatening to extend the recession for the foreseeable future depends on the leadership of Obama.

According to Rep. John Fleming, we won’t be getting out of the woods anytime soon, especially with Obama at the helm. “It looks like we’re going to have to go through the same or similar pain [as Greece] to get real reforms,” the Louisiana Republican told the Daily Caller on Sunday.

He said that if the current economic trend is not reversed, “what’s going to happen is there’s going to be a day of reckoning that gets into a serious situation where we have to make tough choices.”

Greece’s fiscal pain erupted into violent riots last week after the country’s three-party coalition government voted to adopt the €18.5bn budget cuts by 2016. Protesters lobbed Molotov cocktails and rocks at police who responded with stun grenades, tear gas and the first use of water cannon in Greece in years, according to The Telegraph.

“Americans may think this sort of thing can’t happen here, but the globalists plan to take them down too,” we wrote on November 7 as riots commenced in Greece. “The economic meltdown is a slow burn that will eventually lead to violence, but Americans will not be just throwing Moltov cocktails like the Greeks.”

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  1. James M Nunes November 18, 2012 at 1:17 am - Reply

    The longer this economic system last, the more corrupt it becomes and the greedier and gredier the corrupt commercialist become until every ounce of blood money is drained from the middle class which is now becoming the underclass. The people in the world of high finance which are the the Elite Globalist Banking CABAL of the NWO that are member of the Illuminati are the personification of evil.

  2. Rudy November 15, 2012 at 11:46 pm - Reply

    Trust only on our Lord, Jesus Christ. Fight materialism, greed, selfishness, arrogance.

  3. Rudy November 15, 2012 at 11:44 pm - Reply

    Drop speculation and be happy and without worries.

  4. James M Nunes November 15, 2012 at 11:43 pm - Reply

    The question is do you wan’t to live under monopoly and predatory capitalism with no middle class, or do you wan’t a more equitable distribution of wealth where the scales of economic justice are more evenly balanced?

  5. James M Nunes November 15, 2012 at 11:38 pm - Reply

    It’s time to run the money changers out of the temple. Excess parasitic profits and usury interest rates should never be tolerated in a civilized society. Profits earned without work or effort. We live under a system of predatory and monopoly capitalism. This kind of business practices is unethical. True capitalism is low profit high volume. John D Rockefeller said, “that competition was a sin.” This is the return of the age of the robber barons. When the political hacks in Washington approved the mergers of the oil companies they created a monopoly. The same thing happen during the Wodrow Wilson Administration when the Federal Reserve Act was passed in 1913. A exclusive monopoly on credit was created. The Globalist Banking CABAL of the NWO that are members of the Illuminati have control over the purse strings of the country. What has precipatated this financial and economic crisis is: 1-When the 2/3 rds majority of congress during the Carter administration voted for Nafta and GATT that out-sourced the manufacturing off shore. 2-When the 2/3 rds majority of the congress voted to repeal the Glass Steagal Act that deregulated the banks.

  6. d palfrey November 15, 2012 at 5:57 am - Reply

    We’re not out of the woods yet,” said Guillaume Duchesne, an equity strategist at BGL BNP Paribas SA in Luxembourg. He added that a resolution of the financial crisis threatening to extend the recession for the foreseeable future depends on the leadership of Obama. I wish that these dickheads would pull their heads out of their ass’s . Put simply the world is in the shit and it will remain so until the slime and excrement that that runs US banks and Wall St are exterminated or at least rigidly controlled . Obama is a product of these cancerous institutions and is in turn controlled by the religious sect that is predominant in these institutions . Wake up you stupid bastards or before to long there will be a revolution that will plunge the world into darkness!!

  7. End time servant November 15, 2012 at 12:46 am - Reply

    Gods grace again working to tell truth the house of cards is falling and will fall daily insanity will rule daily sin will be rampet daily and only a few really love god

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