Regardless of the outcome and the debt level will be raised, America is failing for 3 reasons.
- Military spending is running out of control
- The high income earners are not paying their fair share of the tax burden
- The political system is more corrupt than in many of the States that the West feels they have to interfere in, because big business and in particular our friends in Wall Street, own the politicians, because of the amount of political funding they contribute. Contributions by the Banksters to the Democrats, are currently running at twice the amount going to the Republicans, to encourage Obama to make the 'right decision' with regard to the debt mountain.
The 'wrangling' of American politicians in Congress over the U.S. debt ceiling is 'fake', none of the proponents have any intention of fixing the real problems in American society. Banksters want debt, that's how they do business. No debt, no profit. Even if they cut some military spending round the edges the deficit will continue to grow. Meanwhile the bulk of the American people will be the hardest hit and while they grow poorer, their elected representatives and their Banker masters will continue to grow richer.
China will continue to rise while America continues to fall.
It's just sad to see, that's all.
19 comments:
A trillion a year on military spending is not going to go to waste. The question is who's going to get wasted? Oh yeah - we're going to get a bang for our buck. Then it'll be over.
McGonners, military spending is so far out of control it's ridiculous. there are billions spent in Iraq that even the accountants can't find!
You forgot to mention the demographic issue; Mestizo majorities in South West states.
Civil war is on its way as the South West secedes, possibly to re-unite with Mexico. Thomas Chittum has written very convincingly on the fall-out from demographic changes in the US, but it is has been D-Noticed by the mainstream media.
Plunging house prices, 100% inflation, 50% unemployment. That's the future for the US and for the UK. The medicine of printing money to pay off debt is now the poison. There's no way back as the debt repayments will have to be paid for by printing more and more money. The stock market 'rally' is being created with all the money printing. Once the dollar is worthless the stock market bubble will burst like the housing market bubble burst.
Gallos, I wasn't aware that the problem was that serious, obviously because of the D notice. What states are affected?
Major, along the way when I was at school I got an 'O' level in economics. The first rule of economics is that when you print money it creates inflation, aka Zimbabwe where they now have trillion dollar notes. How is it that I know that with an 'O' level and yet the coterie of Jewboys in the World's banking system do not? My fucking arse!
Nice post and agree with most of it. You seem to have left out the power and influence, financial and social, of the religious Fruit Cakes in both Houses! Obama cant move without Pray and Crusade being uttered in his ears.
Thanks
DL. Zimbabwe now has better growth than the UK. Hyperinflation is academic. Once inflation goes above 20% savings and spending power are wiped out and the state has to step in to feed and clothe the people.
I did some economics as well. Like you say the more dollars sloshing around in the same marketplace means everything must go up in price. Doubling the amount of dollars in circulation via QE1,2 and soon 3 means halving it's spending power. Fuel prices will make driving the preserve of the rich. Gold isn't skyrocketing because it's worth any more. It's skyrocketing because the dollar is worth less.
Rantons,Welcome to the blog and thanks for those kind words. How nice it would be if we could get rid of these religious fuckers, they give me pain in the arse! Particularly our religious friends who support Israel who run the world's money supply!
Major, Zimbabwe had to have better growth as soon as they got a Government that didn't still eat weans. I hope to be buying some gold shortly if I can persuade my wife to part with some money and I don't think it will be at the top of the market. As a 10-15 year investment it will be fine.
Also agree with you totally DL except China will only benefit as long as the present banking system is in place.
When this big ponzi scheme finally collapses, only a matter of time, then everyone will be affected.
Time to get rid of this way of doing things as it only serves the greedy and come up with something that will benefit humanity and the planet - a resource based economy.
Chinas growth will not last forever. It happened to Japan in the 80s.
We need to get our house in order first. If we can reduce our debt to safe levels then hopefully we can weather whatever storm is approaching
Billy, I agree. If it was down to me, I would with my new found wealth, buy a cheap property abroad which will increase in value, (which I've done), invest in physical gold, (which I have yet to persuade Mrs DL t0 go for) and relocate to Spain, which I am glad to say we are more or less agreed upon! If it's going to go tits up, I want to be mortgage free and warm. That'll do for me!
Deej, welcome to the blog. Yes, it won't last forever, all empires the Roman, British and American, (?), fail eventually. The only thing that has progressed and continues to run the world are our friends in banking, the Rothschilds and their ilk. Only when we have got rid of their influence IMO, will the world be free and I would quite gladly become a Globalist if I thought I wasn't being railroaded!
Love it.. just found your blog by courtesy of northerntruthseeker.. I`m hopeless when it comes to subjects like corporate business and banking, leave that to the crooks who run the show, but I`m sure you discuss other things..
I, too, together with my partner, am about to invest in property in warmer climes..
Dumfries, welcome to the blog. I try and discuss a range of things, usually talking shite. But, that's the fun of it! Where are you off to?
@DL: Morocco..
Dumfries, do you not think it's a wee bit risky there? In saying that it'll be cheap? I can get you a 2 bed terrace place with a solarium in Murcia for E37K.
@DL : have my reasons for deciding on Morocco. Cheapest apt. there costs E40K. The idea is to rent it out as much as poss. pay off the loan as soon as we can, and move on from there..
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