Sunday, April 1, 2012

Short Term Roburst But Fragile

Today in America we are being literally assaulted by numerous government failures on several battle fronts. These issues are drawing great debate, the impact on our lives is undeniable. We have now seen a short term stabalization but for how long? For many of us, I think it's safe to say, we are truly mystified over the obvious refusal of the federal government to look at its faults.

Beginning in the 1990's, government sponsored bills to deregulate the banking and lending industry. A push toward government mortgages led to unstable government giants Fannie Mae and Freddie Mac. Capitol Hill mandated affordable housing for the poor and put pressure upon banks to make liberally oriented and ill advised loans to minorities who had little if any where with all to pay back their mortgages. Loan approval became a meaningless ritual as groups like ACORN used activism and intimidation tactics to force banks to make loans that would lead to massive defaults in the months and years to follow.

This finally created all consuming losses and major bank failures, unprecedented losses by investors, and the disappearance of many consumer's nest eggs as unqualified mortgage holders defaulted by the thousands sent shock waves through the nation. Wall Street was exposed with criminal complicity as investigations began. Yet, the Bush administration hastily issued the TARP funds to supposedly stabilize the economy from the damage that had occurred, though it would not be enough. Those who were guilty of knowingly pushing insolvent real estate securities as losses piled up and made huge sums on their fees and commissions got away with their criminal violations.

So what's next??

More of the same. I say we be prepared since government isn't willing to be straight and cut our losses. WE ALL NEED TO BE PREPARED FOR A WORSE CASE SCENERIO. It may not be too bad but it will not be good either. Stock up. Learn some survival techniques. And most of all, DON'T BE SURPRISED WHEN THINGS GET WORSE!!

Wednesday, February 29, 2012

Statistics On Our Fragile Economy in 2012

#1 The United States has more government debt per capita than Greece, Portugal, Italy, Ireland or Spain.

#2 The European Commission has formally declared that Europe has now entered another recession. German banks are leveraged 32 to 1 and the European financial system is rapidly approaching a nightmare. Lehman Brothers was only leveraged 30 to 1 when it finally collapsed.

#3 There are clear signs that economic activity is also significantly slowing down in the United States. For example, new orders for goods manufactured in the United States experienced the biggest drop in three years in January.

#4 U.S. consumers are busy racking up staggering amounts of debt once again. Total consumer debt rose at an annual rate of 9.3 percent in December. It is now sitting at a grand total of 2.498 trillion dollars.

#5 There are more unemployed Americans than there are people living in the entire nation of Greece.

#6 The percentage of American men that have jobs is near an all-time record low.

#7 Right now, there are 88 million working age Americans that do not have jobs and that the government says are not looking for jobs.

#8 The average duration of unemployment in the United States is nearly three times as long as it was back in the year 2000.

#9 In January 2009, there were 2.6 million "long-term unemployed workers" according to the federal government. Today, there are 5.6 million.

#10 The average price of a gallon of gasoline in the United States has risen by 14 cents in just the past week, and the average price of a gallon of gasoline in the state of California is now an astounding $4.29. Sadly, the price of gas is expected to continue rising over the next few months.

#11 Right now, 48 percent of all Americans are considered to be either "low income" or "living in poverty".

#12 The U.S. government is stealing about 150 million dollars from our children and our grandchildren every single hour of every single day.

#13 If Bill Gates gave all of his money to the U.S. government, it would only cover the U.S. budget deficit for about 15 days. That isn't even touching the debt!!

#14 Since the Federal Reserve was created, the U.S. dollar has declined in value by more than 95 percent and the U.S. national debt has gotten more than 5000 times larger.

#15 Approximately 25 million American adults are living with their parents. Most of them are doing it for economic reasons.

Wednesday, February 15, 2012

The Reality Of Collapse - Be Smart, Be Prepared

Too many Americans are relying on government to tell them when to be concerned and mainstream news to report the fragile nature of our economy. There are too many ways for our system to fall apart and many of them are very probable. Listen to James Wesley Rawles talk about his concerns over our economy and our Civil system. It is staggering to think how fragile we really are.

Thursday, February 9, 2012

The New Deal - Is The United States Heading Towards Similar Government Control

We are closer and closer to the conditions that brought us the NEW DEAL. Some say that it was a great idea but here is a couple that explain all that was involved in the New Deal. Is this what the government wants? Remember, China has a lot of control and they are prospering. Does today's government leaders feel we need to be more like China?

Thursday, January 26, 2012

Barack Obama, Mitt Romney, Newt Gingrich all feel we need to be the policemen of the world. There is only one person running for president who feels otherwise, Ron Paul. We have a big deficit and big debt but yet we give out billions of dollars to other countries so we can control them. But it is very ineffective and seems to cause as much harm than any good.