Wednesday
Nov042009
The United States "Dead Government Walking"
Don't look for rose petals and purple unicorns in this piece from fund manager Eric Sprott. Rome is burning, officially, and it's just a matter of time until the United States defaults. The Peterson foundation keeps an unpleasant running count of our total national debt including unfunded obligations for social security and medicare. It's more than $55 trillion. That's a lot of promises made without a single dollar allocated. Remember that next time you hear Krugman or some other Keynesian tell you that deficits don't matter.
- The projected US deficit from 2009 to 2019 is now slated to be almost $9 trillion dollars. How on earth does anyone expect them to raise this capital? As we stated in a previous article, in order to satisfy US capital requirements, all existing investors would have had to increase their US bond purchases by 200% in fiscal 2009. Foreigners, however, only increased their purchases by a mere 28% from September 2008 to July 2009 - far short of what the US government required.4 The US taxpayer can’t cover the difference either. According to recent estimates, tax revenue from all sources would have to increase by 61% in order to balance the 2010 fiscal budget. Given that State government income tax revenues were down 27.5% in the second quarter, the US government will be lucky just to maintain its currentlevel of tax revenue, let alone increase it.
- The bottom line is that there is serious cause for concern here – and don’t be fooled into thinking this crisis will fix itself when (and if) the economy recovers. Just how bad is it? Below we outline the obligations of the US Federal Government from 2004 to 2009.
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PLEASE email, Facebook, re-tweet, share and take our stories with you when you leave. Our only weapon against the madness is GREATER AWARENESS. Thank you.
Nov 4, 2009 at 7:51 PM
Reader Comments (28)
http://www.washingtonpost.com/wp-dyn/content/article/2009/11/01/AR2009110101704.html
http://www.politico.com/news/stories/1009/28586_Page2.html
http://www.pgpf.org/about/nationaldebt/
http://www.nytimes.com/2009/10/17/us/17deficit.html?hp
http://www.washingtonpost.com/wp-dyn/content/article/2009/10/16/AR2009101602388.html
http://www.reuters.com/article/newsOne/idUSTRE59L1N620091022
Why Our Massive Debt Will Kill Us in the End
"And even those who believe, as I do, that the chances of success in such efforts are extremely small can take heart from the knowledge that ultimately this criminal enterprise will attain such bloated size and scope that its own survival will no longer be possible, and it will implode, as the Soviet Union and other similarly overreaching politico-economic orders have imploded. Governments that grow and grow ultimately find that their predation becomes greater than their prey can support, at which point such predators are doomed. Thus, the present system of government in this country and many others contains the seeds of its own destruction..."
"I do not believe, though, that a substantial prospect of success is necessary to justify one’s efforts in resisting the ongoing growth of what is at bottom a gigantic criminal enterprise. To resist its further growth is simply the decent thing to do, regardless of whether one expects to succeed."
Awesome comments and link Allie
..with a pronounced LIMP, I might add. Soon to be 'Dead Man Crawling'.
The Center for Responsible Lending estimates that there have now been 1,000,000 foreclosures filed so far in 2009 and the group expects the foreclosure number to double before the end of the year.
U.S. Home Vacancies Hit 18.7 Million on Bank Seizures (Update2) [1]
Want to Save Our Economy from Almighty Greed? Here Are 10 Crucial Fights and Key Fighters to Watch
http://www.alternet.org/politics/143737/want_to_save_our_economy_from_almighty_greed_here's_10_targets_that_stand_in_the_way/
http://www.reuters.com/article/domesticNews/idUSTRE5A34EI20091104?feedType=RSS&feedName=domesticNews
Mr. Street observed further that the same set of expectations wouldn't have been realistic for Democrats Hilary Clinton, and John Edwards, or former Presidents Jimmy Carter or Bill Clinton.
Any president that came in confronting what President Obama was facing, which was an absolute “economic meltdown of epic proportions,” probably the biggest fall since the Great Depression would have experienced the same swing in approval ratings, he argued.
Initial elation is one thing but unemployment numbers are approaching 10 percent and “thousands are losing their health insurance and homes each day,” said Mr. Street, “while an increasing number of U.S. soldiers are dying needlessly in Afghanistan.”
The danger of ‘corporate-managed' democracy?
Mr. Street described the political climate that ushered President Obama into power as “corporate-managed democracy,” where every four years the American people are in search of a “savior” or at least a more “effective manager” who can raise wages, curb militarism, provide affordable health care, fix the environmental crisis, and generally make life more livable.
In the presidential election season, the “American voters put their political hats on, they hope, and then go back to sleep,” Mr. Street said.
Giving an analysis, the Honorable Minister Louis Farrakhan, of the Nation of Islam, warned about people lulled into a false sense that choosing one man fixes all problems. “Babies sometimes need the breast or the bottle and if the breast or the bottle is not present, a pacifier will do. Usually the baby will fall asleep,” said Minister Farrakhan during his Oct. 18 Holy Day of Atonement address in Memphis.
“This is a very dangerous time and we have to be very careful that the masses of the people are not being pacified by the fact that the first Black president sits in the White House. This can pacify you and lull you to sleep in a dangerous time, making you to think that we live in a post-racial America when the opposite is true,” Minister Farrakhan warned.
As Black people and others responded with jubilation by the election last year, segments of White America responded with desolation to the decision.
Since the election, there has been a 400 percent increase in death threats against President Obama in less than one year, said Congressional Research Service Report. Experts have also cited a rise in White homegrown hate groups, and a new wave of anti-government fervor.
Media reports noted that in the months following November 2008, there was a spike in firearms sales, and recently the increase of right wing Tea Parties, patterned after the Boston Tea Party of 1773, that led to independence from England and the establishment of the U.S.A., have made Mr. Obama their favorite target.
http://www.finalcall.com/artman/publish/frontpageFeaturedArticle/article_6562.shtml
Bamboozled or Cowards to take on Criminals?I don't know
WASHINGTON CRIMINAL RULERS NOW and we the American people Perma DEBT SLAVES
NO Jobs and why?
Nobody Is Hiring Because Americans Are Too Productive
http://www.businessinsider.com/americans-are-so-productive-companies-dont-need-to-hire-any-more-2009-11
business, feudalism, american-working-poor, no-more-american-jobs, no-more-freedom-for-anyone, ruling-class-greed, treasonous-bastards, washington-and-wallstreet-have-betrayed-america
JeniferD
http://shock-treatment65.newsvine.com/_news/2009/10/17/3393720-should-washington-and-wall-street-be-charged-with-high-treason
“… when People are universally ignorant, and debauched in their Manners, they will sink under their own weight without the Aid of foreign Invaders.” –Samuel Adams, Founding Father
“It is when a people forget God that tyrants forge their chains.” – Patrick Henry, Founding Father
”Whenever the pillars of Christianity shall be overthrown, our present republican forms of government, and all the blessings which flow from them, must fall with them.” – Samuel F.B. Morse, the son of educator Jedediah Morse, known as “Father of American Geography.”
”…the events of the Russian Revolution can only be understood now, at the end of the century…What emerges here is a process of universal significance. And if I were called upon to identify briefly the principal trait of the entire twentieth century…I would be unable to find anything more precise and pithy than to repeat once again: Men have forgotten God.” (Alexander Solzhenitsyn to Amerika: Godlessness, the First Step to the Gulag, from Russia with Love, Joe Clarke, Jul. 8, 2009)
…the Self-Sacrificially Courageous
“Death is more eligible than slavery. A free-born people are not required by the religion of Jesus Christ to submit to tyranny, but may make use of such power as God has given them to recover and support their liberties…” The men of Marlborough, Massachusetts who took part in the Boston Tea Party
….and regarding the imposition of hate crime laws, the Prophetic
“If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter.” —George Washingto
In an article entitled, “American Capitalism Gone with a Whimper,” author Stanislav Mishin notes that, “on and off for the past century,” Americans have been stealthily prepared to accept totalitarianism, and with the election of Barack Obama,
”It must be said, that like the breaking of a great dam, the American descent into Marxism is happening with breath taking speed, against the backdrop of a passive, hapless sheeple…”
”The initial testing grounds was conducted upon our Holy Russia,” notes Mishin, “and a bloody test it was.“
Who financed the bloody test? “Wall Street,” says Mishin.
In his book “The Naked Capitalist,” W. Cleon Skousen exposes the unholy alliance of bankers and capitalists collectively defined as “Wall Street” by Mishin. Skousen verifies his findings through the writings of Dr. Carroll Quigley, both a professor of history at the Foreign Service School of Georgetown University and mentor to Bill Clinton. In his opus, “Tragedy and Hope,” Quigley deliberately reveals one of the worlds’ best kept secrets: the existence of a gigantic leviathan of political and economic power poised to seize control of the planet.
The gargantuan power complex says Quigley, has been–right from the start—controlling Marxist-Communist-Socialist groups,
”…the power that…Left-wingers exercised was never their own power or communist power but…the power of the international financial coterie.” (p. 954, Tragedy and Hope)
Why did Quigley expose the existence of the global financial coterie? Because he says, it is now too late for the little people to turn the tide. He urges them to not fight the noose which is already around their necks, for they will only hang themselves.
”On the other hand, those who go along with the immense pressure which is beginning to be felt by all humanity will eventually find themselves in a man-made millennium of peace and prosperity.” (The Naked Capitalist, Skousen, pp. 4-6) See funders here: http://www.discoverthenetworks.org/guideDesc.asp?type=funder
‘Elite’ transnational progressive Robert Muller, former Assistant Secretary-General of the UN and former Chancellor of the UN University for Peace in Costa Rica speaks of the fate that will befall the politically incorrect:
”…all those who hold contrary beliefs” to politically correct thought favored for the “next phase of evolution” will “disappear.“ A hellish fate awaits all who resist political and spiritual globalization, “..those who criticize the UN are anti-evolutionary, blind, self- serving people. Their souls will be parked in a special corral of the universe for having been retarding forces, true aberrations in the evolution and ascent of humanity.” (False Dawn, Lee Penn, p. 133)
In other words, the ‘chosen ones’ are evolving into gods and hell awaits all ‘selfish‘ ones who stand in the way! ”….and you will be like God…” (Genesis 31-7)
The lessons learned from the Russian experiment says Mishin,
”were taken and used properly to prepare the American populace for the surrender of their freedoms and souls, to the whims of their elites and betters.”
Among the lessons applied by The Ministry of Truth to Americans,
”First the population was dumbed down through a politicized and substandard education…” then, said Mishin, “their faith in God was destroyed, until their churches, all tens of thousands of (them) were for the most part little more than Sunday circuses and their televangelists and top protestant mega preachers were more than happy to sell out their souls and flocks to be on the ‘winning’ side of one pseudo Marxist politician or another.”
In conclusion Mishin writes,
”The proud American will go down into his slavery without a fight, beating his chest and proclaiming to the world, how free he really is. The world will only snicker.” (American Capitalism Gone with a Whimper, Stanislav Mishin, Pravda.Ru)
If a conservative doesn’t like guns, he doesn`t buy one.
If a liberal doesn’t like guns, he wants all guns outlawed.
If a conservative is a vegetarian, he doesn`t eat meat.
If a liberal is a vegetarian, he wants all meat products banned for everyone.
If a conservative sees a foreign threat, he thinks about how to defeat his enemy.
A liberal wonders how to surrender gracefully and still look good.
If a conservative is homosexual, he quietly leads his life.
If a liberal is homosexual, he demands legislated respect.
If a black man or Hispanic are conservative, they see themselves as independently successful.
Their liberal counterparts see themselves as victims in need of government protection.
If a conservative is down-and-out, he thinks about how to better his situation.
A liberal wonders who is going to take care of him.
If a conservative doesn’t like a talk show host, he switches channels.
Liberals demand that those they don’t like be shut down.
If a conservative is a non-believer, he doesn’t go to church.
A liberal non-believer wants any mention of God and religion silenced. (Unless it’s a non Judeo-Christian religion, of course!)
If a conservative decides he needs health care, he goes about shopping for it, or may choose a job that provides it.
A liberal demands that the rest of us pay for his.
If a conservative slips and falls in a store, he gets up, laughs and is embarrassed.
If a liberal slips and falls, he grabs his neck, moans like he’s in labor and then sues.
If a conservative reads this, he’ll enjoy it and have a good laugh.
A liberal will hyperventalate because he’s “offended”.
Wake up and revolt now or this is for sure next:
Famous Thomas Jefferson Quote
"If the American people ever allow private banks
to control the issue of their money,
first by inflation and then by deflation,
the banks and corporations that will
grow up around them (around the banks),
will deprive the people of their property
until their children will wake up homeless
on the continent their fathers conquered."
http://quotes.liberty-tree.ca/quote_blog/Thomas.Jefferson.Quote.CA94
Andrew Jackson quotes:
Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.
http://quotes.liberty-tree.ca/quotes_by/andrew+jackson
http://brillig.com/debt_clock/
If a liberal doesn’t want to be unnecessarily negatively motivated by the believers in the religion of peace, he participates in a gay pride parade celebrating multiculturalism, teaches his child a song about Sharia Law or Obama, and attacks right wing values to show his sympathy and understanding.
No, he sends gullible young boys and girls to foreign countries to do his fighting for him, puts a yellow bumper sticker on his car and bitches about "them liberals." 'Cause them liberals aren't manly enough to send young boys and girls out to do their fighting for them. (But, of course they are.) And this strategy always works perfectly.
http://www.youtube.com/watch?v=UErR7i2onW0&feature=player_embedded
Beavis and Butthead Do Obama
http://www.youtube.com/watch?v=Dr0JXIQCNE0&NR=1
DO YA GET IT FOLKS?
stop this message board addiction drug folks
time to on the streets to take on criminal rulers
NO if NO but : Revolt is your Duty now
64 Seconds With Judge Andrew Napolitano: Revolution Is The Duty Of The People
http://www.youtube.com/watch?v=9b3Q89FZoY0&feature=player_embedded
WASHINGTON IS NOW CRIMINAL RULERS NOT OUR REPRESENTATIVES
http://redi2revolt.blogspot.com/
Should Washington and Wall Street be charged with High Treason?
business, feudalism, american-working-poor, no-more-american-jobs, no-more-freedom-for-anyone, ruling-class-greed, treasonous-bastards, washington-and-wallstreet-have-betrayed-america
JeniferD
http://shock-treatment65.newsvine.com/_news/2009/10/17/3393720-should-washington-and-wall-street-be-charged-with-high-treason
by Andrew Napolitano
- FOXNews.com
Kiss Your Freedoms Goodbye If Health Care Passes
http://www.foxnews.com/opinion/2009/11/06/judge-andrew-napolitano-health-care-freedom-congress/
remember that story? Moshe a chemist for Baxter Pharm and Mossad warned in mid summer that the pneumonic plague would be RELEASED in the Ukraine, and that the H1FU vaccine is simply a vehicle to vastly lower immunity to it. Guess his conscience got to him a bit. He was arrested by SWAT teams for 'threats to the president'. Do you REALLY know whats going on in the world? Follow me down the rabbit hole, I'll show you how deep it goes.
http://theflucase.com/index.php?option=com_content&view=article&id=1534%3Ahas-baxter-international-released-a-biological-weapon&catid=41%3Ahighlighted-news&Itemid=105?=en
time to on the streets to take on criminal rulers
Ken, where will you be revolting and hitting the streets? Others? Most people round here are getting up and going to church. They have no idea.
No, he sends gullible young boys and girls to foreign countries to do his fighting for him, puts a yellow bumper sticker on his car and bitches about "them liberals." 'Cause them liberals aren't manly enough to send young boys and girls out to do their fighting for them. (But, of course they are.) And this strategy always works perfectly.
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Thank you.