war, breadlines,and revolution soon...
The new administration lives in fantasyland. Obama is being led by the nose by a clique of neoconservatives and Israeli agents, many of the same creeps who oversaw the Bush/Cheney regime. Obama has been tricked into re-invading Afghanistan, the graveyard of empires.
(The Iraqi's bailed Bush out, by reigning in the Shia; the Americans bought off the Sunni insurgents, paying them not to fight. The government in Iraq has stabilized, because the Iranians see evidence of US a withdrawal, the Iraqi Shia have been placated and went to the ballot box and got a treaty to end the occupation...Now Obama wants to dramatically escalate the Afghan war, hypothetically using the surplus troops from a scaled back Iraqi operation...)
The American economy is imploding- 20,000 jobs are lost every day. If we use 1980 methods for calculating unemployment, which is the unmanipulated method, the real unemployment rate would currently be 18%- a depression level rate.
Unless "buy American" rules are in force, or corporate offshoring ceases, we can never turn the economy around. We are already hip -deep in a world wide trade war- and we are losing. Protectionism is the rule around the world-our products are being kept out of foreign markets, while we are muscled into letting the rest of the world flood us with their inferior goods... "Free trade" is mostly a myth...
Why bailout a company like Citibank or GM, if they won't employ American workers? Or won't make their products here? If production is offshored, you cannot create new jobs at home.
Americans must make a good percent of the products that are meant for domestic use-otherwise, there is no hope.
A concentration on infrastructure projects does nothing to help service the trade deficit-infrastructure projects do not export anything...and when the project is over, so is the job.
Consumer demand does not originate from real income growth anymore- consumer demand originates from indebtedness, or the proliferation of debt instruments. Why bailout a bank, to help them make more loans to American citizens, when we cannot take on any more personal or private debt? Families are maxed out and do not need any bank at all...
Obama has absolutely no clue as to how he is going to finance the upcoming 2009 fiscal budget. With massive job losses, people cannot pay taxes. Without a job, people don't make that many purchases, so sales taxes are down. Medicare, social security tax collection is down. As businesses fail, these taxes go missing also...our savings accounts won't pay for the debt - they are empty. Foreign governments and their trade surpluses can't finance the debt either...
Who will purchase our debt? Who will buy our treasury bills and bonds?There are two options: The Fed will have to monetize the debt-they will "print money" to buy our own T-bills... Collapsing the stock market is the second alternative...(this can easily be done, buy cutting off the lines of credit from key sources, the way it happened in September 2008) this will force foreigners who hold our dollars to dump them and purchase T-bills as a last resort (maybe)...or more likely, everyone will stampede toward metals and raw commodities...
The main carriers of our debt- China, japan, and Saudi Arabia-are seeking ways to move away from American financial intruments altogether...Both scenarios have limitations... ( foreign governments dont really want America to fail altogether, since we buy their exports- but it looks like they are going to accept our fall and work around it the best they can)...
...If we go the monetizing route, our currency will become worthless, our dollar will have the value of the currency of a banana republic. Hyperinflation...a loaf of bread could cost a hundred dollars in 2010... When our dollar isn't worth the paper its printed on, we will no longer be able to buy any imports. Store shelves will become empty- we do not make our own products anymore, thanks to NAFTA,WTO and the last five Presidents/Congresses and their bad trade policies-our manufacturing base has been gutted (having a strong industrial base enabled us to eventually climb out of the 1930's depression,via war production).
We could end up in the absurd situation of having to actually sell to the Chinese military leadership our Yellowstone Park, or sell to the Japanese mafia the Statue of Liberty, just so we can receive foodstuffs or machine tools. Dont laugh- China has already bought most of the avenues along the Champs- Eleysees in Paris..The Chinese have surrounded the Eiffel Tower and want to buy that too...(Minnesota recently sold off a preserved wetland to help meet budget costs)...
Contaction of the money supply and choking off of credit (by the Bank of England and our Fed) caused the Great Depression, so for the moment we are allowing the currency to expand, propping up bad debts... death buy a thousand cuts...
The "new" war in Afghanistan doesn't even have a clear goal. It costs the American taxpayer $775,000 a year to keep one single soldier in the field for just one year!
The "Stimulus" bill costs about $250,000 just to create one single job...
A solution might be to conscript the new unemployed to fight in these Zionist inspired wars (ha!) and not pay them any salary, just give em room and board and pay for their funeral.
Russia has formed a vast alliance against any further Yankee pentration into central Asia- treaties with all the former Soviet Republics put everyone on board in opposing Obama's new war. We just lost a key military base in Kygirzstan...Obama and his "Chief of Stuff," the obviously Satanic Rahm Emmanuel, are both clueless and quite mad- they have a more than empty treasury,yet they seek conflict with Afghanistan, Iran, Russia, and maybe China, on the heels of the Iraq debacle.
(The Iraqi's bailed Bush out, by reigning in the Shia; the Americans bought off the Sunni insurgents, paying them not to fight. The government in Iraq has stabilized, because the Iranians see evidence of US a withdrawal, the Iraqi Shia have been placated and went to the ballot box and got a treaty to end the occupation...Now Obama wants to dramatically escalate the Afghan war, hypothetically using the surplus troops from a scaled back Iraqi operation...)
The American economy is imploding- 20,000 jobs are lost every day. If we use 1980 methods for calculating unemployment, which is the unmanipulated method, the real unemployment rate would currently be 18%- a depression level rate.
Unless "buy American" rules are in force, or corporate offshoring ceases, we can never turn the economy around. We are already hip -deep in a world wide trade war- and we are losing. Protectionism is the rule around the world-our products are being kept out of foreign markets, while we are muscled into letting the rest of the world flood us with their inferior goods... "Free trade" is mostly a myth...
Why bailout a company like Citibank or GM, if they won't employ American workers? Or won't make their products here? If production is offshored, you cannot create new jobs at home.
Americans must make a good percent of the products that are meant for domestic use-otherwise, there is no hope.
A concentration on infrastructure projects does nothing to help service the trade deficit-infrastructure projects do not export anything...and when the project is over, so is the job.
Consumer demand does not originate from real income growth anymore- consumer demand originates from indebtedness, or the proliferation of debt instruments. Why bailout a bank, to help them make more loans to American citizens, when we cannot take on any more personal or private debt? Families are maxed out and do not need any bank at all...
Obama has absolutely no clue as to how he is going to finance the upcoming 2009 fiscal budget. With massive job losses, people cannot pay taxes. Without a job, people don't make that many purchases, so sales taxes are down. Medicare, social security tax collection is down. As businesses fail, these taxes go missing also...our savings accounts won't pay for the debt - they are empty. Foreign governments and their trade surpluses can't finance the debt either...
Who will purchase our debt? Who will buy our treasury bills and bonds?There are two options: The Fed will have to monetize the debt-they will "print money" to buy our own T-bills... Collapsing the stock market is the second alternative...(this can easily be done, buy cutting off the lines of credit from key sources, the way it happened in September 2008) this will force foreigners who hold our dollars to dump them and purchase T-bills as a last resort (maybe)...or more likely, everyone will stampede toward metals and raw commodities...
The main carriers of our debt- China, japan, and Saudi Arabia-are seeking ways to move away from American financial intruments altogether...Both scenarios have limitations... ( foreign governments dont really want America to fail altogether, since we buy their exports- but it looks like they are going to accept our fall and work around it the best they can)...
...If we go the monetizing route, our currency will become worthless, our dollar will have the value of the currency of a banana republic. Hyperinflation...a loaf of bread could cost a hundred dollars in 2010... When our dollar isn't worth the paper its printed on, we will no longer be able to buy any imports. Store shelves will become empty- we do not make our own products anymore, thanks to NAFTA,WTO and the last five Presidents/Congresses and their bad trade policies-our manufacturing base has been gutted (having a strong industrial base enabled us to eventually climb out of the 1930's depression,via war production).
We could end up in the absurd situation of having to actually sell to the Chinese military leadership our Yellowstone Park, or sell to the Japanese mafia the Statue of Liberty, just so we can receive foodstuffs or machine tools. Dont laugh- China has already bought most of the avenues along the Champs- Eleysees in Paris..The Chinese have surrounded the Eiffel Tower and want to buy that too...(Minnesota recently sold off a preserved wetland to help meet budget costs)...
Contaction of the money supply and choking off of credit (by the Bank of England and our Fed) caused the Great Depression, so for the moment we are allowing the currency to expand, propping up bad debts... death buy a thousand cuts...
The "new" war in Afghanistan doesn't even have a clear goal. It costs the American taxpayer $775,000 a year to keep one single soldier in the field for just one year!
The "Stimulus" bill costs about $250,000 just to create one single job...
A solution might be to conscript the new unemployed to fight in these Zionist inspired wars (ha!) and not pay them any salary, just give em room and board and pay for their funeral.
Russia has formed a vast alliance against any further Yankee pentration into central Asia- treaties with all the former Soviet Republics put everyone on board in opposing Obama's new war. We just lost a key military base in Kygirzstan...Obama and his "Chief of Stuff," the obviously Satanic Rahm Emmanuel, are both clueless and quite mad- they have a more than empty treasury,yet they seek conflict with Afghanistan, Iran, Russia, and maybe China, on the heels of the Iraq debacle.
posted by Zero at 9:02 AM
1 Comments:
At least Mr. Oh is going to "Lift the ban on stem cell research"...
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