The elite have sucked the life and vitality from the American financial system yet Vice President Joe Biden complains that he is being driven crazy because so many people are betting on America’s demise.
Reports of it are not just exaggerated; they are, he insists, “ridiculous.”
Like President Obama, he will not accept “second place” for the United States. Despite the present crippling budget deficit and the crushing burden of projected debt, he denies that the country is destined to fulfill a,
But Bob Herbert of the Times was recently asking,
Some 5 million more people claim unemployment
benefits than a year ago. How many more will fall off the deep end, we
simply don’t know.
This is the biggest assumption perhaps ever made
(measurable in trillions of dollars and immense consequences) with more
hanging in the balance then most Americans can possibly imagine. The
president might as well be telling everyone Detroit will recover or that
Gary Indiana will come back from the dead or that States will balance their
budgets.
But alas this is not how policy makers in public see it and what they think in private is anyone’s guess.
What is standing in the way of events proceeding along their natural course is a pathetic type of wishful thinking that is official policy in England, the United States and many parts of the rest of the world.
In a speech in London, the Prime Minister will insist that the Conservatives’ plans to tackle the deficit by cutting spending this year would undermine the recovery.
What recovery?
How can we use something that simply does not
exist; hallucinations to rationalize anything we should or should not do?
The English, after centuries of brutal British
Colonialism, Despite growing warnings from economists and business leaders that the size of the deficit poses a grave threat to Britain’s economic future, Labour says public spending should not be cut before 2011/12.
It’s hard to appreciate the cost of helping to ensure something that is not and never was going to happen.
What our public servants have been saying are:
Nice to say and think these altruistic sentiments but when we are delivering to the public the opposite of what we say, what do we have?
20 reasons why the U.S. economy is Massive layoffs are on the horizon for city and state workers across the country.
American society is going to be gutted right across its middle and exactly where it will hurt the most. Police and fire departments will be devastated and public education will become a shadow of what it once was. Cities, states, and municipalities are sinking as you read this and unless unions agree to concessions (which they won’t) massive layoffs are coming everywhere you look.
This is just the beginning of the real crisis, not the end as we were most recently led to believe.
Plummeting housing prices and record
foreclosures are responsible for double-digit declines this year in
residential property taxes, which communities use for police and fire
protection, jails, senior programs, libraries and other services. Budgets
across the nation are in freefall and that’s not only deflationary, it’s
devastating to a way of life that Americans simply got too used to.
Funding for the arts and after-school programs also are being slashed.
Then we will relearn the meaning of insecurity and fear.
We are fast approaching the stage of the
ultimate inversion: the
Bob Chapman really opens up a can of worms with this statement.
He is correct and is talking about the higher echelons of the United Nation, The World Health Organization, The World Bank, The IMF, and the head honchos of the European Union now centered in Brussels who all have been having a good time while struggling to dominate and control and bring harm to men, women and children everywhere.
These people are failing in their efforts
(hopeful wishful thinking) at least in their pet areas of mass vaccination
against
fabricated monster viruses from the id. And
in their attempts to convince us that most of us would drown in
rising seas and melting ice so we
should pay cash up front in the form of carbon taxes.
That is with them stealing ever more and more wealth there was not going to be much left over for the middle and upper middle class multitudes. And only an idiot could not predict what the final stages of unlimited credit expansion would end up.
Credit is not money in the final telling (yes we
have been that dumb) but it sure was fun in pretend to be rich land.
John Lipsky, the International
Monetary Fund’s first deputy managing director, said the scale of the
adjustment required was so vast that it would have to come through
less-generous health and pension benefits, spending cuts and increased tax
revenues. The IMF in their divine wisdom favors maintaining fiscal
stimulus in 2010 in most advanced economies, but then the brakes need to be
slammed on so it is being advised that governments should make it crystal
clear to their citizens why a return to prudent policies is a necessary.
To retard in every way possible a collapse but knowing in the end there is no permanent middle ground. In the end the have not’s will have less then the poor, they will have nothing. The poor in the first world especially in America have been able to live some kind of life.
But when someone loses their home and their job
and there is no opportunity for future work in the foreseeable future where
is that going to leave breadwinners and their families?
The New York Times reported that in the Russian region of Dagestan, in the North Caucasus fifty-eight police officers were killed in attacks last year many of them while running errands or standing at their posts. Last month alone 13 officers were killed in bombings and gang-land-style shootings.
The gunmen - some combination of Islamist militants, alienated young people, ordinary criminals and foot soldiers in private armies - just melt back into the city, to be described in the next day’s news reports as “persons unknown.”
The number of attacks doubled, to 201 last year
from 100 in 2008.
Prepare as well as possible for the worst
for it is the worst side of humanity that is beginning to see the
light of day.
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