"We are spending more money than we have ever spent before, and it does not work. After eight years, we have just as much unemployment as when we started and an enormous debt to boot."
-US Treasury Secretary, Henry Morgenthau, May, 1939
I forget who first said it, but it was, "A $ million here a $ million there, pretty soon we are talking about real money." It took approximately 20 years before it became "A $ billion here a $ billion there….." and it wasn't very long before "A $ billion … "became "A $100 billion…" Now, virtually overnight while no one was watching, it's become "A $ trillion here a $ trillion there…" Are we still talking about real money? And are we still not looking? We are certainly not trying to do anything about it.
DANGER
International markets are forming major Bearish Topping Patterns. A warning that a Worldwide Cataclysmic Economic and Stock Market collapse is directly ahead.
HOPE vs. REALITY
Thanks to the endless barrage of Government feel-good propaganda, most citizens have no idea how disastrous the country's fiscal, monetary and economic problems truly are. Nor do they perceive the rapidly increasing risk of a totalitarian nightmare descending upon the American Republic. According to the Federal Reserve's most recent report on wealth, America's private net worth was $53.4 trillion as of September 2009. But at the same time, America's debt and unfunded liabilities totaled at least $120,000,000,000,000.00 ($120 trillion), or 225% of the people's net worth. That comes to $389,610 from each and every citizen. And that's not counting State, County and Municipal debts and deficits, which are additional and already elephantine in many states (e.g., California, Illinois, New Jersey and New York) and still growing at alarming rates nationwide. In addition to the Federal Government, dozens of states are already bankrupt and sinking deeper into the morass every day.
More Here
Endless barrage of feel good propaganda - sounds like the 1930's nazi germany; but damn - we're really good at it.
ReplyDeleteI was amazed to watch in awe tonite as one of the Toll brothers ( Toll construction ) was being "interviewed" by Larry Kudlow.
That lying SOB looked straight into the camera and said " we do not see any sort of a double dip - on the contrary; what we're seeing now is a steady turnaround"
I was like ===== SAY WHAT ! Freakin' new home sales are like falling off a damn cliff; evrybody knows it & this dick wanker wants us to believe everything is just rosy and to go mout and oredr a new 500,000.00 home ! Unbelievable !
And so it begins, this time will be looked at in history with shock and revulsion, it will be the only reaction a sane person could have. People in the future will be like, how in the world could a population be so out of control, how could the people of the time not see what was happening, of course you cant have such huge debt, thats just commom sense. But alas it seems that so few ever realise what is going on in the middle of any world crises. Pity,Pity, Pity the ignorant are born to suffer. It seems it is the only way some people learn. Get ready for 20 years of misery. B.O.H.I.C.A. Bend Over Here It Comes Again.
ReplyDeleteI love this site! Trying to get my own started. Please visit http://surviveright.blogspot.com/. I appreciate any comments/ and or ideas to make my site better (like THIS site!).
ReplyDeleteGovernment isn't just inept, it is criminal. Completely corrupt, nothing to look up to at all. Congress is 100% in the back pocket of the banksters.
ReplyDeleteThere is -ZERO- hope to be found there.
The should Obama be impeached poll is the first one that is worthless to ponder.
ReplyDeleteA puppet is a puppet. Their purpose is to take the hit. The man decides NOTHING. He is of no consequence at all.
He goes, and another puppet is installed.
Don't lose any sleep over what Obama is doing. Focus on his master's agenda. Federal control of everything, then eventually even more centralized global control.
Baby steps now, huge leaps later.
We don't think for ourselves. We are believers. We believe every damm thing the government tell us. As Aretha Franklin would say "You Better Think What You are Trying To Do To Me THINK THINK"
ReplyDeleteHere comes high oil and gasoline, again.
ReplyDeleteOver 300 Los Angeles court employees have rec'd layoff notices; approx number will reach 1000 by September.
ReplyDeletebut what about the green shoots?
ReplyDeleteLOL this will drag out for years.....notice that Henry fellow made that comment back in the late 30's. Sure, it will get ugly someday but not during our lifetime, unless maybe we have 2 year olds reading this site. It's got to get a helluva lot worse than this.
ReplyDelete7:14 don't be naive. We are 100x worse off now than we were in the 30s. We are an empty shell now.
ReplyDeleteAnybody else get the feeling washington types are working to try to keep the increasingly skittish population nice and calm lately?
ReplyDeleteCalm soothing tones 'looks good, thumbs up!'
No worries.
Be happy.
Doo doo doo doo doo doodaloodadoodaloo
Dooodaloodadooodalooo
Be Happy!