The Impending Economic Chastisement

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angelqueen.org

The Impending Economic Chastisement


**By John Grasmeier **
**Angelqueen.org **
March 9, 2008
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Although this publication normally avoids matters not immediately related to Catholicism, particularly traditional Catholicism, there are, at times, exceptions to every rule. This is one of those times.

Concerning the economy, there are troubling storm clouds gathering. Records being broken and precedents being set, that when pondered after totaling the sum of their parts, indicate clearly, as the title of this article suggests, that economic chastisement will be a part of all of our lives in the near future. It seems no longer a question of whether or not such chastisement will occur; only how severe it will have been when all is said and done.

While the neoconservative Fox News offers its unrelenting chain of stories on missing white girls (tragic as they may be) and other mainstream outlets seem overly concerned with the foibles of this insufferable crew of motley presidential candidates, the established media has been derelict in its duty by woefully underreporting on what could turn out to be the biggest economic story in recent memory, or heaving forbid, the biggest economic story in many of our lifetimes.

Largely because of media malingering, many of us are unaware of just how bad things are out there. Hence, it is necessary for this article to appear, uncharacteristically, on AQ, if for no other reason than to inform brother and sister Catholics, so that they may come to their own conclusions and act accordingly in the best interests of themselves and their families.

If the pre-existing conditions leading up to the tech crash of the late 90s and the Savings and Loan scandal of the late 80s are any indication of the adversity that followed, those pre-existing conditions have nothing on those we’re seeing now. Read what follows and come your own conclusions.

Excerpted. Read more HERE.
 
Que sera sera. If we go back into a depression then we climb out of it the same way Roosevelt helped us out of the last one.
 
Que sera sera. If we go back into a depression then we climb out of it the same way Roosevelt helped us out of the last one.
Some Economists will tell you that Roosevelt’s policies kept the US in depression LONGER than it should have been.
 
And what is the cause of the banks not having money? Paranoia hits and everyone takes it out instead of letting it remain where it is. These predictions grow on themselves and end up becoming selffulfilled prophecies. Stop panicking and maybe we will weather a periodic recession. We have had them before and we will have them again.
 
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