The Fiscal Cliff is more than a Cliff, it is a Global Catastrophe

Headlines all over the key News Read:

Washington Post: "Both sides appear upbeat on opening round of Fiscal cliff talks." CNN Funds: "Fate of paychecks rests on fiscal cliff." CNN Politics: "A search for 'common ground: Fiscal cliff negotiations commence."

The NY Instances explains the Fiscal Cliff:

Q.What is the fiscal cliff?

A. The term refers to over $500 billion in tax increases and across-the-board investing cuts scheduled to take impact immediately after Jan. 1 - for fiscal year 2013 alone - unless Mr. Obama and Republicans reach an alternative deficit-reduction deal. Ben Bernanke, the chairman in the Federal Reserve, who's not recognized for catchy phrases, coined the metaphor "fiscal cliff" final winter to warn in the harmful yet avoidable drop-off ahead in the nation's fiscal path. It stuck.

Q.If we go over this so-called cliff, what happens?

A. Taxes would rise for nearly every taxpayer and a lot of businesses. Financing for many federal applications, military and domestic, will be cut. Many economists say that whilst annual budget deficits are as well higher, these new taxes and investing cuts could be too much deficit reduction, too all of a sudden, for a weak economy. Over $500 billion equals roughly three percent to 4 percent of gross domestic product. The Congressional Budget Workplace has said the outcome will be a short recession, even though some analysts say the measures could be managed so they do much less damage.

May be the American Economy on the Edge of the Fiscal Cliff?

Absolutely. When we fall off, there will probably be no parachute which will be readily available to save us. It is going to be a tough landing. Hang on tight boys. The Excellent Depression will appear like child's play compare to what we are about to face.

With its existing financial policy, The Usa of America had jeopardized our growth by digging us into the greatest Debt Bubble ever. They, the Federal Reserve, with all the backing in the U.S. Government was allowed to print (Print Funds, as a result reduced rates of interest) us into oblivion. All of the Central Bankers are printing funds so they're able to compete with all the low interest in the global currency, the American Dollar.

When the government tries to intervene the natural seasonal cycles of capitals by artificially stimulating the economic climate, the predictable devastating punishment will be an historic deflation, subsequently followed by a horrifying hyperinflation which inevitably creates run away costs.

Because the Government had intervened for the longest time by manipulating the economic climate by printing a sizable sums of dollars, the aftermath won't be a simple recession, but a greater depression. "We arrive on the planet naked, and we leave the world naked, so the Federal Reserve Bank is just performing God's operate." They're slowly stripping away the value in the dollar by continuing to print them on automatic pilot with totally no remorse or concern towards the financial impact that it will have.

Peter Schiff Explains the present Financial Situation regarding the Fiscal Cliff.

Watch this video by Peter Shiff as he obviously explains our present economic scenario, in what exactly is now referred to as the Fiscal Cliff:

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