Our economy in the US continues to spiral downward. The projections are that there will be joblosses of 1million per month in the coming months... Foreclosures are (currently) at 10%, and only going to get worse. Obama plans to spend more money. We don't have it.
We simply do not have the money. Where is it going to come from? Our country doesn't produce CRAP. We just hit a $1trillion deficit THIS YEAR ALONE. They projected it would be $130billion. They're now projecting 2009's deficit to be $1.3 trillion, if you take into account just how far off their estimates for 2008 were, it's highly unlikely that it will be that LOW a number... Read Arun Gupta's reasoning as to why Obama's stimulus package won't work here.
PLEASE read this people, it all has to do with what I'm going to talk about AND how I think we need to start to work in fixing our problems.
Peter Schiff has come out and basically said the way to save yourself (if you're an investor) from the economic crash in the US is to GET OUT OF THE DOLLAR. We haven't even seen the worst of it yet. The same people that are preaching it's going to get better are the SAME PEOPLE that told us in 2007 it was going to turn around in the second half of 08. FIGURE IT OUT. They're trying to delay the inevitable. Instead of feeling the pain of this crash they're simply feeding as much money as they can into it, and it's only going to cause more problems in the long run. Historically, if you look at when every major country went down, the first thing they started doing was debasing their currency. WE'RE DOING IT RIGHT NOW!!!
Germany did in the 20s trying to stimulate IT'S economy. The cost of an ounce of gold went from $1450 marx to $10MILLION! They pushed money into the economy, which generated a mass inflation and completely devalued the currency.
Zimbabwe did EXACTLY what we're doing and is STILL doing it. Their currency has a 9000% (I believe that's the correct number) inflation rate PER DAY! They just printed Million Dollar bills. Are you fucking kidding me?
And all these people out there are saying "It's going to get better, it's going to turn around and the TRILLIONS of dollars being introduced to the economy aren't going to be inflationary." Meanwhile as we hand over all of our money for ANY social program to the banks to keep THEM afloat (simply Reagenomics WHICH DOESN'T WORK AND NEVER HAS) Obama plans to introduce a $1trillion economic stimulus package (or well he says $750billion but it'll be a trillion.) Let me take a second here. Does anyone realize how massive a number even a billion is? Trillion. TRILLION! Our GDP is $15trillion a year. Our national debt just hit $10.7 trillion (up $5trillion from 8 years ago HMM!) And Obama's going to stimulate the economy? WITH WHAT FUCKING MONEY!? It's gotta come from SOMEWHERE? Oh yea, they're going to PRINT IT. And devalue the currency even further.
We're heading into the abyss here, American is DONE as a world power, and we're doing what Russia did: clinging desperately to the last strongholds we have. It's only going to backfire.
So how do we fix this fuck mess we're in?
What the hell can we do when 1 million people are losing their jobs every month?
Well, Ron Paul has it right.
Our foreign policy needs to end.
The war on drugs needs to end.
The people RESPONSIBLE for this mess need to be held accountable.
We need to go back to a Gold Standard.
We need to abolish the federal reserve.
We need to start producing things here in America, which means re instituting tariffs, which would FORCE the companies (if they wanted to sell to America) to produce things HERE.
And we need to stop pouring money into the economy and let the market do what it's supposed to do. Prices for houses SHOULDN'T BE this high! The market is trying to fix itself, and we're just dumping money into it to keep it afloat, only prolonging the crash to come. We are in a depression now, the government won't admit it, but we are. They keep doing tax credits, but they've been proven not to be affective.
But what can an ordinary person do?
Well, educate yourself. Know what's really going on. I highly recommend Patriot Radio News Hour for your economic news, these guys have it right. Democracy Now! for other news (as well as economic.) And organizing.
We need to organize. We need to wake people up, and ORGANIZE. There ARE solutions for this problem, but our government is no longer acting in our best interests. These people responsible need to be held accountable and not get off by just saying "Whoops I was wrong." WAKE UP AMERICA!
Honestly, I see the only real solution that's going to happen to this is a world war. I really, really hope I'm wrong, but that's where I see it headed... Unless we stand up and do something NOW.
We're repeating the same things we did in the 1930s that created the Great Depression, and it needs to stop NOW. Not a year from now. Not two years. Not four years of Obama later. NOW.
Get out there, tell your friends, PLEASE PEOPLE. WAKE UP!!!
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3 comments:
I noticed what you're saying a while ago about the same people who were wrong before and now saying "it's all going to turn around! Get into the market now!" And like droves we most likely will. Dumbasses that we are. Stupidity is starting to piss me off.
What is this by the way about Obama wanting to give families money? What am I supposed to do with this 500 dollars? What are starving families that are surrounded and drowning in debt supposed to do with this money? Are we supposed to be appeased, when others have walked away with golden parachutes and we get FIVE HUNDRED DOLLARS. Not even enough to buy a really bad car with.
They're probably going to take that 500 billion dollars that Obama is promising us out of our pockets, right?
Well the best way to do tax breaks has been proven to give it to the people who need it most (the lower class poor citizens) because they are the most likely candidates to spend the money. Unfortunately, that's not the reasoning behind why Obama's doing it. They're attempting to stall the inevitable: admitting we're going into a depression. They've just barely admitted we're in a recession, when in actuality we're in a depression. The more money they have on the books tho as being spent, the longer they can delay telling people how screwed we are.
It's also Obama's attempt to look like he's doing something, when what we really should be doing is restoring the production side of our economy and bringing jobs back into America. Free trade is one of the prime problems for us right now, if Wal-Mart can buy 20 white t-shirts for $1 and sell them for $10 each, or buy 20 white shirts for $5 and still only be able to sell them at $10 each, which do you think they're gonna pick?
It should be too expensive for companies to produce things and ship them across the border, EVEN MEXICO AND CANADA. Yes, it'll suck for everyone all around for a little while. But Nixon came out and said when he removed us from the Gold Standard: So long as we always buy American, we will never have a problem. And he was right.
We just didn't listen.
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