Guys - stop the gun talk right there.
I personally love firearms as well, but GP has a strict policy on that topic of discussion on SS and I wouldn't want to see the thread locked.
Back on topic :
"I am surprised with the reelection of Mr. Obama. The S&P is only down like 30 points. I would have thought that the market on his reelection should be down at least 50%...I think Mr. Obama is a disaster for business and a disaster for the United States. Not that Mr. Romney would be much better, but the Republicans understand the problem of excessive debt better than Mr. Obama who basically doesn't care about piling up debt. You also have in the background Mr. Bernanke, who with artificially low interest rates enables the debt to essentially escalate endlessly."
I might nitpick that bolded point for a moment.
Disasterous for the economy, yes. A socialist/communist idealist with nothing to lose and wanting to leave a legacy for his ideals may very well bring about the final solution on the American capitalist economy.
But a financial collapse may also bring a halt to further military expansion and adventure abroad, also saving the populace from retaliation from further expansion of the US military trying to prop up a dying petro-dollar.
The American population will pay a heavy toll for decades of currency abuse and excessive debt granted, but the accounting for such a financial collapse of the system will still ensure that when the dust settles you and your children will still have a future and a continent on which to build it.
In the event that the US continues to push their military expansion to try and secure more oil deposits instead, it could well see the US citizens and the entire world plunged into the nightmare of intercontinental thermonuclear war.
The elite won't care, they've already built their bunkers. But regardless of who 'wins' such an engagement, the bottom line is much of the human race on this planet will be wiped out as an act of desperation of a psychotic minority elite will assume mutual destruction a preferential outcome to facing the angry population for their enslavement.
One of the main reasons why conquests of global superpowers through history have stopped terrorizing the people is because they simply ran out of money.
Put aside capitalism as an ideal for a moment and focus on the bigger picture here.
Obama is a nutcase for sure, I don't argue that and he has played a role in further military expansion for the US to protect it's domestic interests. But the bottom line is, I believe he is most likely to bankrupt the country and deprive the industrial military complex the funding needed to continue the rampage that it's been on the last several decades, unwittingly starving the beast and defeating it from within.
Given the choices on the table, I'll accept global financial collapse over mutually assured destruction any day of the week.
Wouldn't you?
