There could be a bright side to this, well, sort of...
The US dollar is finished as the world's reserve currency. There are tons of news stories out there covering this, except the MSM of course. The biggest powerhouse economies of the world are shunning the US dollar and agreeing to trade oil in their own currencies.
Quantitative easing III aka "QE to infinity" has been announced by the federal reserve. $40 billion per month in MBS's purchased by the fed, which is really a camouflaged banker bailout that does nothing for the economy and weakens the US dollar even further.
Either one of these by itself would be bad, but both in unison assures that inflation is locked and loaded. A guaranteed disaster politically for Obama. What lies ahead for this country on the economic front will make the Carter administration look like "the good old days".
If Romney had won, he and the Republican party would certainly be blamed for it. Politically, Obama will have full ownership since he will be the one rearranging the deck chairs on the Titanic. The iceberg has already been struck.
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