It’s Wipe Out Time
The elite have sucked the life and vitality from the American financial system yet Vice President Joe Biden complains that he is being driven crazy because so many people are betting on America’s demise. Reports of it are not just exaggerated; they are, he insists, “ridiculous.” Like President Obama, he will not accept “second place” for the United States. Despite the present crippling budget deficit and the crushing burden of projected debt, he denies that the country is destined to fulfill a “prophecy that we are going to be a great nation that has failed because we lost control of our economy and overextended.”
“If we cede the ground to those who suggest that — I don’t mean foreigners, I mean domestic critics — that somehow, we are destined…..to be a great nation that has failed because we lost control of our economy and overextended, then we might as well throw it in now,” cried out Biden.
Throw it in now? What could that possibly mean? Call all our military boys home from their thousand bases around the world and cut our military budget to pieces? Dismantle Homeland Security? Default on all US bonds and start all over with a new monetary system? How about firing everyone at the CIA? Or you think there is a possibility of us coming to our senses, finding some speck of humility, living within our means and stop being the most aggressive country in the world?
“We will continue to be the most significant and dominant influence in the world as long as our economy is strong, growing and responsive to 21st-century needs,” insisted Biden but Bob Herbert of the Times was recently asking, “How loud do the alarms have to get? There is an economic emergency in the country with millions upon millions of Americans riddled with fear and anxiety as they struggle with long-term joblessness, home foreclosures, personal bankruptcies and dwindling opportunities for themselves and their children.” Some 5 million more people claim unemployment benefits than a year ago. How many more will fall off the deep end, we simply don’t know.
And yet with alarm bells ringing all over the country president Obama’s shift from stimulus spending to deficit reduction in his new budget for the 2011 to 2020 fiscal years assumes that the economy will have fully recovered from the worst recession in eight decades. This is the biggest assumption perhaps ever made (measurable in trillions of dollars and immense consequences) with more hanging in the balance then most Americans can possibly imagine. The president might as well be telling everyone Detroit will recover or that Gary Indiana will come back from the dead or that States will balance their budgets.
It is wipe out time and one might as well resign oneself to the facts of life as they are going to be ruthlessly dished out to citizens all over the first world. The entire system of infinite debt accumulation teeters on a cliff’s edge and the drop down is precipitous. But alas this is not how policy makers in public see it and what they think in private is anyone’s guess.
“The American dream has turned into a nightmare. Led by the selfish, materialistic, self-absorbed Boomers, the nation has degenerated into an individualistic society of wealth seekers. The country’s common good and attitudes of thrift, hard work, and self reliance have been cast aside for the corporate good, immediate material satisfaction, and entitlement attitude. America is no longer the land of opportunity. It is the land of corporate fascism, benefitting the few,” writes The Burning Platform.
What is standing in the way of events proceeding along their natural course is a pathetic type of wishful thinking that is official policy in England, the United States and many parts of the rest of the world. In a speech in London, the Prime Minister will insist that the Conservatives’ plans to tackle the deficit by cutting spending this year would undermine the recovery. What recovery? How can we use something that simply does not exist; hallucinations to rationalize anything we should or should not do?
The English, after centuries of brutal British Colonialism, have not a clue that they might have produced some measure of discontent among the brutalized. Americans similarly are clueless to the consequences of their nation’s policies.
Despite growing warnings from economists and business leaders that the size of the deficit poses a grave threat to Britain’s economic future, Labour says public spending should not be cut before 2011/12. “Instead of helping a recovery, their hatred of government action would risk the recovery,” Mr Brown will say. “Instead of defending ordinary families, they would kick the ladder of opportunity away from ordinary families.”
It’s hard to appreciate the cost of helping to ensure something that is not and never was going to happen. What our public servants have been saying are: “Ensuring the recovery”; “Protecting frontline services”; “Standing up for the many”; and “Protecting future jobs and new industries.” Nice to say and think these altruistic sentiments but when we are delivering to the public the opposite of what we say, what do we have?
20 reasons why the U.S. economy is
dying and is simply not going to recover.
Massive layoffs are on the horizon for city and state workers across the country. American society is going to be gutted right across its middle and exactly where it will hurt the most. Police and fire departments will be devastated and public education will become a shadow of what it once was. Cities, states, and municipalities are sinking as you read this and unless unions agree to concessions (which they won’t) massive layoffs are coming everywhere you look. This is just the beginning of the real crisis, not the end as we were most recently led to believe. Plummeting housing prices and record foreclosures are responsible for double-digit declines this year in residential property taxes, which communities use for police and fire protection, jails, senior programs, libraries and other services. Budgets across the nation are in freefall and that’s not only deflationary, it’s devastating to a way of life that Americans simply got too used to.
In addition, aid for other services such as soup kitchens, homeless shelters and transit cards for students are being cut, funding to libraries, reductions in the number of caseworkers who deal with H.I.V. and AIDS, elimination of nurses in elementary schools, closure of senior centers and numerous sports complexes and community centers. Funding for the arts and after-school programs also are being slashed.
“The order of collapse could be moving from deflation to inflation, hyperinflation then back to deflation and lastly a historically predictable world war to escape the final disaster. War is always the final solution to divert the attention the public from their pathetic broken economic existence. Civil disorder appeared last summer in several countries instigated by hungry, jobless people from working classes. So far it’s been contained to car fires, vandalizism, protest marches and small riots. The deeper we go into Greater Depression II, the worse it gets expanding into stronger and more wide-spread violence,” writes Roger Wiegand. Then we will relearn the meaning of insecurity and fear.
We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission; which is the stage of the darkest periods of human history, the stage of rule by brute force. – Ayn Rand
“As the global government and the financial takeover accelerates, it’s becoming harder and harder for the elite to hide the true intention of what they are doing, which is centralizing power into fewer hands, destroying sovereignty and creating a one world order run by an unelected, undemocratic authoritarian system,” concludes Paul Joseph Watson.
“The withdrawal of trillions of dollars from the world economy will collapse it and the Illuminists are well aware of that. The goal has always been the pauperization of the multitudes worldwide in order to implement world government and the new world order. The enslavement of mankind. That is what this is all about and you had best come to grips with what they intend to do. These people have bankrupted almost every country in the world in this deliberate process. That is why sovereign debt is the next area they have zeroed in on as one of the last main cogs of stability to be destroyed along with the devaluation of most currencies,” writes Bob Chapman.
Bob Chapman really opens up a can of worms with this statement. He is correct and is talking about the higher echelons of the United Nation, The World Health Organization, The World Bank, The IMF, and the head honchos of the European Union now centered in Brussels who all have been having a good time while struggling to dominate and control and bring harm to men, women and children everywhere. These people are failing in their efforts (hopeful wishful thinking) at least in their pet areas of mass vaccination against fabricated monster viruses from the id. And in their attempts to convince us that most of us would drown in rising seas and melting ice so we should pay cash up front in the form of carbon taxes.
Of course the United States fits in powerfully in the above groups but it does seem that the richest and most powerful people on earth have seen through the clouds and understood quite a while ago where this was all going. That is with them stealing ever more and more wealth there was not going to be much left over for the middle and upper middle class multitudes. And only an idiot could not predict what the final stages of unlimited credit expansion would end up. Credit is not money in the final telling (yes we have been that dumb) but it sure was fun in pretend to be rich land.
The Big Boys Are Changing their Tune
Developed countries with big budget deficits must start now to prepare public opinion for the belt-tightening that will be needed starting next year now says the IMF. John Lipsky, the International Monetary Fund’s first deputy managing director, said the scale of the adjustment required was so vast that it would have to come through less-generous health and pension benefits, spending cuts and increased tax revenues. The IMF in their divine wisdom favors maintaining fiscal stimulus in 2010 in most advanced economies, but then the brakes need to be slammed on so it is being advised that governments should make it crystal clear to their citizens why a return to prudent policies is a necessary.
Though there has been great effort to soften the blows, to bail out the water from the fast sinking ship, to diminish the pain of unemployment and loss of income. To retard in every way possible a collapse but knowing in the end there is no permanent middle ground. In the end the have not’s will have less then the poor, they will have nothing. The poor in the first world especially in America have been able to live some kind of life. But when someone loses their home and their job and there is no opportunity for future work in the foreseeable future where is that going to leave breadwinners and their families?
We might be dumb cattle but for sure there are people with money and power and lots of intelligence staffs around them fully aware of what is coming. Police forces around the world have been preparing and arming themselves for battle these past ten years. They are trained in riot control. But even then who will prevail is anyone’s guess.
Can what is happening in parts of Russia spread to the United States and Europe? The New York Times reported that in the Russian region of Dagestan, in the North Caucasus fifty-eight police officers were killed in attacks last year many of them while running errands or standing at their posts. Last month alone 13 officers were killed in bombings and gangland-style shootings. The gunmen — some combination of Islamist militants, alienated young people, ordinary criminals and foot soldiers in private armies — just melt back into the city, to be described in the next day’s news reports as “persons unknown.” The number of attacks doubled, to 201 last year from 100 in 2008.
One of the greatest mistakes we have made is to alienate ourselves from our neighbors, who sometimes live on the other side of the world. Globalization is a two edged sword. If we cannot realize ever that what is happening to one is happening to all (in a spiritual but eventually even in a physical sense) then we will have to face the consequences no matter what they may be. Prepare as well as possible for the worst for it is the worst side of humanity that is beginning to see the light of day.