Keynesian vs Austrian4423847

Economic climate Predictions: Obama’s Keynesian Economic Plan “We Can not Cut Our Way to Prosperity” and Austrian Predictions For America’s Future

Economy Predictions: What’s Subsequent For the Economic climate? The Keynesian-Minded Obama Promises to Continue to Devote, Whilst Libertarians Predict an enormous Collapse. Good results Council, an internet Libertarian Platform, Teaching Individuals How to Prepare For An Economic Crisis, Explains Keynesian vs. Austrian Predictions Inside a Not too long ago Released Online Video.

Obama’s words, “We can’t reduce our method to prosperity” began a debate in between Keynesian economics and Austrian economics. Which economic philosophy is better at predicting the economy’s  future? Effectively, according to a brand new video released by Achievement Council , a group teaching folks how you can prepare, protect their assets, and profit from an financial collapse , the answer is: Austrians. Austrian economists predicted the burst of the housing bubble, the 2008 stock market crash, and are calling for another massive economic collapse on the coat tails of Obama’s election.

In fact, in 2001, Ron Paul, a libertarian and former Republican Party presidential hopeful, predicted the housing bubble collapse saying:

“the special privileges granted to Fannie and Freddie have distorted the housing market by allowing them to attract capital they could not attract under the pure market conditions…Like all artificially created bubbles, the boom in housing prices cannot last forever. When housing prices fall, homeowners will experience difficulty as the their equity is wiped out. Furthermore, the holders of the mortgage debt the holders of the mortgage debt will also have a loss. These losses will be greater than they would have otherwise been had government policy not actively encouraged over-investment in housing.”

And why didn’t President Obama or former candidate Mitt Romney know what Ron Paul knew about the housing bubble?

Simple: They are Keynesians in their financial philosophies. According to Wikipedia, Keynesians believe that the government should be involved “regulating” economies and “stimulating” industries. Whilst Austrians believe in the purest form of free market.

With haunting words, Dr. Paul warns us again that the United States is headed for your same fate as Greece or Spain. Dr. Paul not too long ago said, “We are so far gone” over the fiscal cliff that it really didn’t matter who was elected.

He also commented that the election was largely irrelevant because of the similarities of the candidates: 1) both waging wars we cannot win or afford; 2) both stomping on civil liberties through acts such as the NDAA; and 3) neither candidate making any real headway to reduce the deficit.

The financial predictions  are clearly explained in Success Council’s , newly released video. So what’s coming now that Obama has won the election? You guessed it: More spending. Obama remarked on Friday that, “We can’t cut our method to prosperity.” Implying we can somehow spend our method to prosperity.

So, what are the libertarians predicting: massive debt, large inflation, and a crash.

And like America, the European Union (EU) is suffering a similar fate because of its debt obligations. And based on The Herald website, the EU has recently downgraded its economic forecast for the 27 country bloc. Due to its incredible debt obligations, the European Commission warns the economic climate will decline further, and recover more slowly.

The Herald website reports that the Commission “confirmed its prediction that the 17 countries that use the euro will slide into recession this year[.]”

On Wednesday November 7, the day after Obama was elected, gold prices rose as the stock market sank. In accordance with the Wall Street Journal, the stock market will continue to sink as the US looms towards a “fiscal cliff.”

This fiscal cliff is set to hit January 1, 2013, as Bush tax cuts expire along with mandatory domestic spending cuts. The Washington Post reports that “This would be the single largest act of debt reduction in American history, cutting some $1.1 trillion from the deficit in the subsequent two years.”

However, despite these massive cuts (which Obama has already vowed not to let happen), the Post reports: “Budget experts say that no matter what Congress and President Obama decide to do about the fiscal cliff this winter, the national debt will keep rising and the U.S. government will soon hit its borrowing limit.”

What does this mean? 1) Another increase in the “deficit ceiling;” 2) possibly another downgrade in the U.S.’s credit rating; and 3) of course, printing more dollars. The effect?  Your dollars are now worth less because there is less worldwide faith in them and there are many, many more of them.

Who could have predicted this? Effectively, in accordance with Success Council’s video Austrians did predict the upcoming economic collapse http://youtu.be/tPM1wZ0ZpT4.

And more importantly, what can you do to disconnect your wealth from the dollar? You can attend a free on the internet training on the best way to profit and prosper when the economic crisis hits. . “Like Us” on facebook at: http://www.facebook.com/councilsuccess.

About Success Council:

Good results Council was founded in 2012, with the goal of teaching people how you can protect their assets and profit from the greatest wealth transfer in history. Their mission is to: 1) Educate 10 million individuals through their online interactive training events; 2) Make 100,000 families wealthy through the information contained in their Members’ Area; 3) Create 5,000 leaders armed with the knowledge, skills and resources based on the fundamentals of liberty; and the ultimate goal, is to 4) Create One Free Society.

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