Posted by
The INFORMER (Cokie907@yahoo.com) on Sunday, February 15, 2009 1:30:03 PM
The passing of President Obama's so-called "stimulus package" marks another stage in the slow yet steady demise for America. The debt from this package will amount to over a TRILLION dollars and will take generations to pay off. When you consider that our current debt stands at approximately TEN TRILLION dollars, racking up another trillion on a single, solitary legislative gamble is truly unwise.
I wrote almost a month ago how the election of Obama marks a continuation of America's demise that began under Bill Clinton and was stymied only briefly during the tenure of President Bush. After this almost criminal legislative activity by Democrat majorities in the U.S. House and Senate, which rammed a spending package through Congress against the WILL OF THE PEOPLE, I am convinced that our end is indeed approaching. The Chinese government is laughing at us this week as their finance minister said "We hate you guys" and said unequivocally that they WILL NOT buy any more of our debt. The Chinese have realized what many of us out here in flyover country have realized as far back as several years ago (when I took my money out of the stock market).
America is too indebted at this point to ever climb out of debt, plain and simple. The Democrat party as far back as 1933, created too many big government programs and then expanded these programs in ensuing years to gain voters. The result is a financial house of cards which is collapsing around us and WILL CONTINE TO COLLAPSE. According to Gerald Celente at Trends Research, we will see a continuation of this collapse in 2009 with the commercial real estate sector. Companies such as Sbarro, Blockbuster and Krispy Kreme will vacate store fronts and add to vacancies created by bankruptcies at KB Toys, Linens and Things, Circuit City and Sharper Image.
The handwriting is on the wall folks: Years of BIG government control are taking their toll and nothing can stop it at this point. Like a nuclear reactor in meltdown mode, even with all the control rods placed back in the reactor the reaction cannot be controlled. Timothy Geithner doesn't know what to do, if you watched him make a fool out of himself this week you know what I'm talking about. The final result of untold TRILLIONS IN FEDERAL GOVERNMENT DEBT will necessitate an absolute "redo from start" for this economy.
What do you do when your computer gets totally screwed up? What does an airport do when thunderstorms wreak havoc and screw up all the flights to the point where they're 3 hours behind schedule? Answer: YOU START OVER FROM SCRATCH! In similar fashion, the only solution someday (who knows when) will be to redefine our currency and possibly go back on the gold standard. The dollars you have in your pocket at this very moment will become WORTHLESS as will every dollar in your bank account and investments. Programs like social security and medicare will have to be scrapped as they will require TRILLIONS of dollars to fund (and we don't have them).
Make no mistake about it, this is the beginning of financial armageddon for America and if you don't believe me, consider this: Our federal reserve is printing money at the rate of billions per month and the majority of Obama's stimulus package will be printed money because we cannot get foreign countries to buy all that much of our debt. Right now people are hoarding money like squirrels hoarding acorns before a winter without global warming. Billions of dollars are sitting scared on the sidelines and we are going to inject another 800 billion of printed money? This is lunacy! The inflation that will result from this decision will be devastating and create a perfect storm of cataclysmic levels when you factor in all the bankrupt, Democrat-created, BIG government programs I listed earlier.
Grab your guns, grab your gold and hang on for the ride because it's going to get really ugly.