Are you aware that the world's public and private debt exceeds 300% of the world's GDP.
This is not the stuff of conspiracy theories but a FACT.
Folks it is no longer when the proverbial SH*T storm will hit the fan but when.
The world seems to be on the brink or continuing on the brink of crumbling economically yet the tone coming from this administration and the media is hardly reflective of the immensity of the problem.
In fact our pretender-in-chief has divided America into a "good" America, and a "rich" America.
And to get votes he is gleefully fomenting hatred toward the "rich" as he uses demagoguery, outright lies and amped-up class warfare as a campaign strategy.
More on that later.
Some in the markets believe this whole down turn started back in the 1990's with the Asian market crisis.
And what happened, Asia's debts were considered dangerously high and its banks' balance sheets not reflective of this reality.
Interest rates soared, equity markets plummeted, banks failed, and currencies collapsed.
Next came the current on-going European or EU problems with the PIGs (Portugal,Ireland, Greece) rapidly approaching default and all the bailout talk and the sudden realization that "progressive socialism/statism/NANNY state" is not SUSTAINABLE and along with MULTICULTURALISM has FAILED.
Subsequently Italy and Spain have joined the malay of possible default.
What Greece has shown us (debt 120% of GDP before the crisis and 170% today after reforms) is that austerity without a real plan for vigorous economic growth is doomed to failure.
The larger danger is that the ballooning debt will reach a tipping point when financial markets conclude the debt cannot be repaid without instigating political chaos.
The experts are such geniuses.
What has happened?
Their citizens do not like the austerity measures necessary or perceived to be necessary to bring their economies under control.
RIOTS and CHAOS
For example the Greeks rioting and protesting the raising of their retirement age from like 50 to 52 and other austerity measures which their entitlement mentality could not imagine.
The EU could very well collapse and some rumor that Germany is already printing Marks again.
With Europe in trouble the next domino to start falling is the United States.
Our political class keeps telling us that that public debt risk troubles are years away we have nothing to worry about move along nothing to see.
DemoRats refused to entertain a balanced budget amendment or a significant reduction in the size and scope of the federal government.
We have a huge spending problem but demoRats want you to believe it is a revenue problem and taxes have to go up because the "rich" are not paying their fair share which is a in itself is a huge disconnect from reality.
The "rich" already pay the vast majority of the taxes.
The top 10% of income earners pay some 70% of federal income taxes.
But the FED prints and prints more money inflation has been rising, the dollar keeps sinking in value and their is more and more global talk of ditching the dollar as the reserve currency.
Imagine if that were to happen and billions maybe trillions of dollars flood back to us making the dollar totally worthless.
With all the uncertainty and chaos happening around us - what is one to do?
I think we should prepare for the worst.
Richard Kiyosaki said it best "build the five 'G's"
Ground (real estate)
Gold (physical gold and silver reserves)
Grub (food supplies and water)
Gas (oil and gasoline sources)
GUNS (lots of guns and ammunition)
In the moment here in America we are locked in a fight for the REPUBLIC.
Progressives are desperate and will do anything not to lose power and to further their agenda.
This coincides with the current "Occupy" forces which have spread all over the world.
It would appear that several groups from the left are uniting (even though they disagree ideologically) with the express purpose of ending capitalism and the western way of life.
In Europe riots over austerity measures are common.
The Arab spring in the end will not be anything "democratic" but will facilitate the formation of an Caliphate.
Our political leaders are the "political class" and they are not telling us the whole story or the truth.
START to PREPARE.
START to gather the five 'G's
It is better to be over prepared than to be surprised!!!
Thanks to David M. Smick's article "Losing the Economic Battle" published in the Weekly Standard for bringing some of this to light.
http://www.weeklystandard.com
As the president and the progressives continue to slide into obscurity once again they are becoming more and more bold in their desperate attempts to hold on to power.
They are obviously still in denial after the "shellacking" they took in November and the fact that American have REJECTED their collectivist agenda in favor of freedom, individualism, and personal responsibility.
The president continues to travel around campaigning although claiming he is really promoting his jobs bill nobody wants outright outrageous lying, still resorting to demagoguery and elevated class warfare talk.
The Occupy Wall Street event is pure jealousy on the part of the lefties who could not stand the idea that they were out protested by the Tea Parties last year and are part of a wider world "one government" movement calling for the destruction of capitalism and the western way of life but never quite elaborate what the new improved system will be?
Suddenly the lame stream media who hated, demeaned, call them racists, anti-america are now trying to compare the Tea Parties to the OWS crowd.
I don't know about you folks but I do not see many minority faces in the OWS crowds and in fact there has been lots of anti-semitic talk but no media attention.
And there is NO comparison to the Tea Parties who are working people who contribute to society that are for limited government, STOPPING SPENDING, and balancing the budget while the OWS crowd seems to be a bunch of slackers for big government, anti-capitalists, anti-corporations who want everything given or supplied by the government through entitlements and collectivism.
Progressives/socialists/communists/liberals/demoRats/anarchists/environmentalists/and assorted lefty trash are upping the ante they are pressing for chaos and revolution.
Won't the demoRat party be surprised when violence breaks out and the true agenda is exposed since the lame stream media is not covering what is really going on and they by extension are now a part of the chaos and violence.
BOLD move by the demoRats a big chance they are taking by politically aligning themselves and no doubt financially and otherwise supporting OWS.
This may be the most important election in a generation and a last chance to set the country on the right course again and trash the progressive movement.
On to Salon and the progressive bigot Robert Reich's distorted view of reality.
Robert Reich has a real problem with history and his latest bunch of lies and misrepresentations written at Salon are typical of progressivism's attempt at revisionist history.
Progressives will do or say anything to make themselves seem relevant and worthy.
I will say it again for progressives the end always justifies the means.
"A fundamental war has been waged in this nation since its founding, between progressive forces pushing us forward and regressive forces pulling us backward."
Even his opening paragraph is completely inaccurate.
The "war" he states has been going on since the turn of the century when the progressive party first came into being first with republicans and then co-opted by Wilson and FDR who implemented it throughout society where they could until people realized what was really going on.
"Progressives believe in openness, equal opportunity, and tolerance. Progressives assume we're all in it together. We all benefit from public investments in schools and health care and infrastructure. And we all do better with strong safety nets, reasonable constraints on Wall Street and Big Business, and a truly progressive tax system. Progressives worry when the rich and privileged become powerful enough to undermine democracy."
Of course progressives are none of those things.
For all their openness, tolerance, diversity they exhibit the opposite constantly criticizing, demeaning, use of demagoguery, divisiveness through class warfare, divide and conquer.
Power and control are their real agenda after all they think they are smarter and know what is best for us.
To them we all need NANNIES to help us, protect us, and keep us in LINE.
One of my biggest axes to grind with progressives is their undying support for Planned Parenthood and it's founder Margret Sanger considering their claims of tolerance, openness, diversity, women's rights and anti-violence.
Sanger was a eugenics supporter who through her organization wanted eliminate social misfits i.e. blacks and the mentally ill.
And here all the ohs and ahs for Obama supporting attacks on Libya to protect the people from genocide YET it is okay for Planned Parenthood to slaughter over 300 THOUSAND babies a year I find that immensely HYPOCRITICAL.
Planned Parenthood is a murder machine and also partially responsible for the break down of the black family culture.
He continues to claim that Republicans want to return to a time before the 1920's when their was no government protection or regulations only nasty "Robber Barons" raping the public as a whole.
Among other things (like the "gilded age" lifted the most people out of poverty than any other period) he leaves out Warren G. Harding republican president from 1921-1923 who when taking office in the throws of a mini-depression after WWI massively reduced the size and spending of the federal government and reduced taxes undoing a lot of what progressive/repressive Wilson did bringing about the "Roaring Twenties" a massive amount of wealth was created.
Thousands of people where uplifted economically and material expansion took place for the mass of the folks.
Read my other posts on the "Race Card" demoRats until Eisenhower blocked civil rights legislation and not until Johnson did they realize the political advantage in their acceptance.
And now they are the heros and Republicans are the bad guys which is exactly opposite reality.
Of course in Reich's bent mind progressives are responsible for all the great social legislation enacted since 1900 that in fact are responsible for holding people back for enslaving them while claiming to keep them safe and protect them.
"This concentration of income wealth has generated the political heft to deregulate Wall Street and halve top tax rates. It has bankrolled the so-called Tea Party movement, and captured the House of Representatives and many state governments."
Who does Reich think donated over 30% of Obama's campaign funds in 2008?
WALL STREET - BIG BANKS - CORPORATIONS
Please who pays $35,800 per couple for dinner with the "one"?
Not rich republicans.
Progressives are such HYPOCRITES.
The Tea Party was NOT bankrolled by any one except those who participated.
And PLEASE the Republicans captured the House of Representatives and several state governments because progressives did such a lousy job, exposed their real agenda, and are more corrupt and prone to cronyism.
Notice that the states who are the worst off economically and about to default are all RUN by progressives.
Sorry Robert but the American people are smarter than you and progressives think and your AGENDA was rightly REJECTED thus the "SHELLACKING" progressives took in the mid-term elections.
Not only here has the progressive movement exposed themselves and again have been rejected but in Europe the Progressive Socialists have failed - the NANNY STATE is not sustainable their economies are crumbling the socialists/communists/progressives/liberals/environmentalists/anarchists are rioting, protesting, and unhappy that their entitlements are slipping away.
AND YET OBAMA WANTS TO CONTINUE TO PUSH US DOWN THE SAME UNSUSTAINABLE ROAD.
WHY?
I know dissing Moochelle is a cheap shot and not very news worthy but it is very symptomatic of the corruption and cronyism which runs rampant and is so pervasive in this administration.
And quite frankly I am so sick and tried of the president and progressives lies and distortions, the demagoguery, MORE BAD legislation (jobs bill no one wants not even senate demoRats), and the constant class warfare I need to look for some humor amid all the HORROR.
It seems the more and more one reads or see's people of note saying that it is now not a matter of IF but a matter of WHEN the economy will collapse at this rate.
Richard Kiyosaki said it best "build the five 'G's"
Ground (real estate)
Gold (physical gold and silver reserves)
Grub (food supplies and water)
Gas (oil and gasoline sources)
GUNS (lots of guns and ammunition)
Back to Moochelle:
Earlier this week two more articles appeared mocking Moochelle's spending habits of course at the tax payers.
"Michelle Obama's taxpayer-funded spending is an embarrassment for the white House" by Nile Gandiner
"Michelle Obama's Africa Trip Cost More Than $424,142" from White House Watch U.S. News and World Report
You have to love the nerve/balls of these people.
They have no regard for what is right only how smart they are at gaming the system.
Progressives are always trying to figure out how to game the system and push their agenda after all THE ENDS ALWAYS JUSTIFY THE MEANS in their minds.
This allows them to rationalize any of their actions.
Anyway it seems the costs of the Moochelle and family/entourage (minus the president) vacation to South Africa and Botswana have finally come somewhat to light.
Taxpayers doled out well over $424,000 for the flights alone according to new accounting based on Air Force manifests obtained by Judicial Watch.
This does not even include the food, lodging, and ground transportation for the 21 family and staff members.
She and her husband should be held to account for this outrage.
Judicial Watch president Tom Fitton notes:
"This trip was as much an opportunity for the Obama family to go on a safari as it was a trip to conduct government business. This junket wasted tax dollars and the resources of our overextended military. No wonder we had to sue to pry loose this information."
There should be SOME outrage from the media but NOTHING.
I think under the circumstances of the economy the massive debt caused by her husband as well as his constant demagoguery and class warfare that we are inundated with you would think there would be some sort of embarrassment coming from the White House but none no remorse, they are royalty and entitled to what ever they want.
Funny how their entitlement sensibilities are inflated by POWER.
But what should we expect from the food stamp president and his maul.
It is also a symbol of the gulf between the taxpayer-subsidised, privileged lifestyle of America's ruling elites in Washington, compared to the tens of millions of hard-working Americans who are struggling to pay the mortgage, hold on to their homes, put food on the table for their families, and simply make ends meet.
The founders warned us about a "political class" and we have been lulled into exactly that situation.
Progressivism is exemplified by the LEFT but their are RINO's on the RIGTH (John McCain cough cough).
We must stick to our principals at all cost or be doomed to the continuation of this miserable regime.
