It takes a nation to protect the nation
ECONOMIC COLLAPSE...IMMINENT
Today we are witnessing the results of years of abuse visited upon the varying financial systems of the entire planet. While it is no longer politically correct to praise the virtues of capitalism, the simple fact of the matter is that it works...If left to its own cycles, and it has become the favorite whipping post of all who choose to denigrate America. Instead of being truthfully hailed as mankind's greatest benefactor, capitalism has been reviled as a force to enslave the masses. Such is the nature of Progressive propaganda.
Two hundred years ago, each nation's economy was more or less autonomous, but an inter-dependency has developed since the dawn of the industrial revolution, and that inter-dependence is what can bring all of the economies of the world crashing down around us, plunging humanity into a state of financial ruin that will make the Great Depression look like a minor inconvenience.
As sheep huddle together for warmth, so too do the nations of the world attempt to ally themselves with others for protection against common enemies, and their own mistakes. There is no better example than the European Union. Bankers and politicians seeking wealth and power, who conceived of this illicit merging of the finances of free nations, while those hoping for added security, from the company of fellow sheep, gladly fell into step with others en route to the slaughter house. Today the banksters and politicians have achieved their goals, while their unwitting followers have willingly thrown away the security they once had as sovereign states.
The rallying cry of sensible Americans is "Get us out of the UN", while in Europe and England it has become "Get us out of the EU." It seems as though it is too late on both counts. The Foreign Office has now warned the British embassies around the world to prepare for riots when, not if, the Euro collapses.
We in America have been witnessing Barrack Obama's own version of crony capitalism making friends and political donors wealthy as he squanders the hard earned money of the American tax payers. Capitalism has unjustly become the scapegoat for all of the world's problems in recent years, but what Obama is doing is not capitalism, it is pandering to his chosen ones.
Capitalism demands that there be winners and losers. Our citizens gain from winners, and are far better off without the losers, but the system of survival of the fittest was disrupted by the term "Too big to fail." No one, or no organization, is too big to fail! If they are allowed to fail then they will learn the error of their ways, if they do not learn, then they will fade away and be a burden to no one. Bailing out General Motors and troubled banks does not help America, for when the government starts picking winners and losers there is one guaranteed loser: The taxpayer!
The concept of guaranteeing that a corporation succeeds at tax payer expense is nothing short of criminal. Guaranteeing that a country succeeds in spite of its political malfeasance is nothing short of treason. Greece, Spain, Italy, Portugal and Ireland are victims of the system far more so than they are recipients, for with those "Bailouts" come terms and conditions that are nothing short of selling those nations, and the futures of their people, to the banksters that are bankrolling the loans.
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| John Maynard Keynes |
If I were hard pressed to identify the worst fault of capitalism it would have to be the effect of envy that it has on non capitalistic countries. Freedom, and with it, free enterprise, has a way of leading to a better way of life. The United States developed the highest standard of living the world has ever seen and it was not by accident. It was the result of economic policies that are no longer allowed.
There is a widely held notion that there is nothing in the world that cannot be improved, and so our leaders decided to discard the wisdom of John Locke, on which this nation was built, and embrace the reasoning of John Maynard Keynes, founder of the Keynesian economic school of thought. It essentially states that nations can better themselves by spending more money than they have. Not only did America embrace this destructive policy, but all of the nations of the world, wanting to enjoy the blessing of capitalism without the responsibility, joined in and today the lie that we have been living is catching up. That day of reckoning draws nigh.
The 2008 economic crisis triggered the failing of the three largest banks in Iceland, and rather than seeking a bailout and kicking the problem on down the road to be dealt with at a later date, with even bigger problems, they chose to face the problem head on and deal with it now. That is what Greece, Ireland and the other trouble nations should have done. Instead they chose to borrow money that didn't exist, putting yet more strain on the stronger economies of Germany, England and other members of the EU.
All of this lending and borrowing has created such an interdependence among the various nations that the inevitable collapse of one economy will send reverberations throughout the European community. The collapse of two or more will most certainly be the death knell of the Euro and the outbreak of despair followed closely by violence.
Americans are a unique people, believing that they are immune from many of the world's problems. Most are incapable of seeing how unrest in the Middle East can be of any great concern to us and they fail to realize the effect that a collapsing Euro will have on our economy. Abraham Lincoln once spoke of how our nation would never have to worry about foreign armies on our soils. Thanks to oceans on both sides, he was correct, but those oceans do not protect us from an economic meltdown.
The warning from the UK about a collapsing Euro must be a wake up call for Americans. The nations of Europe are our greatest trading partners. At the moment we face economic uncertainty, record level unemployment, out of control spending and a man in the White House who is intentionally trying to destroy the greatest economy the world has ever known. Imagine, if you will, the effect that a European failure would have on us. All of our problems will immediately intensify.
Unemployment...If Europe has no functioning economy, they cannot buy from us. What becomes of the jobs of people, from farmers to manufacturing to shipping and handling, that are dependent on a stable European market? Most of us are already convinced that Obama plans our economic demise. The collapsing economy of Europe is custom made for his purposes. Throw trillions more that we don't have into a sinking cause and then join them in the whirlpool to oblivion.
The collapse of the American economy will lead to far more than mere unemployment and hyperinflation. Think of the outstanding debt we owe to China. Surely they have not loaned those trillions of dollars to us because they felt magnanimous. What rights, oil leases, lands or other concessions will they demand to call the debt closed? And, do not be lured into thinking that China's financial state is above disaster. If Europe and the United States both suffer economic collapse then China has lost the customers that have made them wealthy.The Chinese, like the people all other nations, are living beyond their means. They, in order to keep people working and their economy moving, are building about ten "Phantom Cities" a year where no one will ever live. This total loss of sanity takes place solely to support a way of life they cannot afford.
The picture below is satellite imagery of one of those people-less cities. Please click the link following the photo for yet more of these new ghost towns.
This comment from that link is highly indicative of a false economy, and a false economy is like bluffing in poker...Sooner or later someone calls the bluff and you fold.
“China consumes more steel, iron ore and cement per capita than any industrial nation in history. It’s all going to railways that will never make money, roads that no one drives on and cities that no one lives in.”
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| Ordos...China's most famous phantom city |
The images of phantom cities in this link are perhaps the best indicator that all of mankind has embraced Keynesian economics. We are all living a lie and have been doing so for years, avoiding a harsh reality, and delaying the day of reckoning. The reality we don't want to face is that we cannot have it all. We have tried but it just won't work. In the real world there must be those who are rich and those who are poor, it is part and parcel part of being mankind. Now, after years of disputing this premise, we are about to pay for the error of our ways.
The protests taking place in Greece are a warning of things to come.
Those protests of today are mild in comparison to what is coming. These events are simply people venting their frustration and anger and are but the progeny of a troubled economy. A collapsed economic is a beast of a totally different nature. It is a system in which citizens will no longer be able to purchase food, clothing, or fuel for cars and winter heating. Those conditions are a spectre that will trigger human misery and violence on an immense scale and guarantee civil war, world wide. Anyone reading this should do their own research and prepare for what is coming at us.
Tags: Abraham, Bailouts, China, Cities, Economics, Euro, European, Greece, John, Keynes, More…
Replies to This Discussion
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Permalink Reply by paul collings on
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All these facts are fairly accurate, and at the very least are an honest assesment of the problems facing the US. It all sounds like England in the 70's when everyone was saying how things were worse, but as is always the case when you try to go against the govenment narrative of the day you get labeled as a loon. Every truth a conspiracy when you go against the grain.35 Shocking Statistics That Prove That Things Have Gotten Worse In America06 March 2012 23:26:30
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Most Americans know that things used to be much better in the United States, but they don't have the facts and the figures to back that belief up. Well, after reading the shocking statistics in this article nobody should be left with any doubt that things have gotten worse in America. There are less jobs, incomes are down, home values have plummeted, poverty is up, consumer debt is way up, dependence of the government has skyrocketed and government debt is totally out of control. Sadly, it hasn't really mattered which political party has had control over the White House. Things have gotten worse under Obama, they got worse under Bush, and they got worse under Clinton. We are in the midst of a horrific long-term economic decline and the American people desperately need to wake up.AdvertisementThe following are 35 shocking statistics that prove that things have gotten worse in America....
#1 Median household income in the United States is down 7.8 percent since December 2007 after adjusting for inflation.
#2 There are 5.6 million less jobs than there were when the last recession began back in late 2007.
#3 The U.S. government says that the number of Americans "not in the labor force" rose by 17.9 million between 2000 and 2011. During the entire decade of the 1980s, the number of Americans "not in the labor force" rose by only 1.7 million.
#4 In 2007, the unemployment rate for the 20 to 29 age bracket was about 6.5 percent. Today, the unemployment rate for that same age group is about 13 percent.
#5 In 2007, 73.2 percent of all young adults between the ages of 18 and 24 that were not enrolled in school had jobs. Today, that number has declined to 65 percent.
#6 Back in the year 2000, more than 50 percent of all Americans teens had a job. This past summer, only 29.6% of all American teens had a job.
#7 When Barack Obama entered the White House, the number of "long-term unemployed workers" in the United States was approximately 2.6 million. Today, that number is sitting at 5.6 million.
#8 The average duration of unemployment in the United States is nearly three times as long as it was back in the year 2000.
#9 Back in 1950, more than 80 percent of all men in the United States had jobs. Today, less than 65 percent of all men in the United States have jobs.
#10 According to the Obama administration, about 20 percent of all jobs in the United States were manufacturing jobs back in the year 2000. Today, about 5 percent of all jobs in the United States are manufacturing jobs.
#11 Sadly, more than 56,000 manufacturing facilities in the United States have been shut down since 2001.
#12 Back in 1980, less than 30% of all jobs in the United States were low income jobs. Today, more than 40% of all jobs in the United States are low income jobs.
#13 The U.S. trade deficit with China during 2011 was 28 times larger than it was back in 1990.
#14 About twice as many new homes were sold in the United States in 1965 as are being sold today.
#15 Home prices in the 4th quarter of 2011 were four percent lower than they were during the 4th quarter of 2010. Overall, U.S. home prices are 34 percent lower than they were back at the peak of the housing bubble.
#16 The total value of household real estate in America has declined from $22.7 trillion in 2006 to $16.2 trillion today.
#17 At the end of 2011, 22.8 percent of all homes in the United States with a mortgage were in negative equity. That would have been unthinkable a decade or two ago.
#18 Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.
#19 Total consumer debt in the United States has increased by a whopping 1700% since 1971.
#20 Since the beginning of 2009, the average price of a gallon of gasoline in the United States has increased by more than 90 percent.
#21 The number of children living in poverty in the state of California has increased by 30 percent since 2007.
#22 Back in the year 2000, 11.3% of all Americans were living in poverty. Today, 15.1% of all Americans are living in poverty.
#23 In November 2008, 30.8 million Americans were on food stamps. Today, 46.5 million Americans are on food stamps.
#24 The U.S. dollar has lost 96.2 percent of its value since 1900. You can thank the Federal Reserve system for that.
#25 In 1950, the United States was #1 in GDP per capita. Today, the United States is #13 in GDP per capita.
#26 According to the U.S. Census Bureau, 49 percent of all Americans live in a home that receives direct monetary benefits from the federal government. Back in 1983, less than a third of all Americans lived in a home that received direct monetary benefits from the federal government.
#27 In 1980, government transfer payments accounted for just 11.7% of all income. Today, government transfer payments account for more than 18 percent of all income.
#28 Federal housing assistance increased by a whopping 42 percent between 2006 and 2010.
#29 Medicare spending increased by 138 percent between 1999 and 2010.
#30 Back in 1990, the federal government accounted for 32 percent of all health care spending in America. Today, that figure is up to 45 percent and it is projected to surpass 50 percent very shortly.
#31 Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid, and things are about to get a whole lot worse. It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.
#32 Right now, spending by the federal government accounts for about 24 percent of GDP. Back in 2001, it accounted for just 18 percent.
#33 In 2004, the U.S. government had a budget deficit of a little over 412 billion dollars. This year, the U.S. government will run a budget deficit of over 1.3 trillion dollars.
#34 In 2001, the U.S. national debt was less than 6 trillion dollars. Today, it is over 15 trillion dollars and it is increasing by about 150 million dollars every single hour.
#35 The U.S. national debt is now more than 22 times larger than it was when Jimmy Carter became president.
Unfortunately, these shocking statistics just don't fully capture the horrible pain that many American families are having to endure in this economy.
A recent USA Today article told the sad story of one unemployed American named Jerome Greene....
Greene, about to turn 50, worked for 16 years as an Oracle software developer, most recently at a Pennsylvania company that made electronic components for cars. When he was laid off in June 2008, the recession was just taking hold, and he still had job interviews. By fall, with the economy in free fall, his phone stopped ringing.
Greene hoped the downturn would be brief and he'd weather it with unemployment benefits.
But the jobless rate hovered above 9% and Greene's 99 weeks of unemployment expired. He had trouble sleeping. Depression set in. Without health insurance, he took precautions — carrying hand sanitizer and his own pen when doing errands to avoid getting sick and having to pay $65 for a doctor's visit.
"There's no room for error," he says "There's no extra money."
Can you imagine going through all that?
Tonight there are millions upon millions of Americans that will struggle to get to sleep as they wrestle with their financial problems. It is easy to feel as though you have failed when you can't get a job and can't provide for your children. After years of fighting to turn things around, it is hard not to fall into a state of depression.
Unfortunately, our leaders are not fixing any of the long-term problems that are systematically destroying the U.S. economy.
So things are going to get even worse in the years ahead.
Buckle up.
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As the evidence of enconomic failure mounts, the people of northen Europe and the US seem oblivious to the realities of life faced by those who live in the buffer zones, between the warring islamic people and the dumbass's in the rest of the world.
The countries of Greece, and Spain, and to a smaller degree portugal have failed. Theres constant civil unrest, and no money to put anything right. If there was, it would be happening. The past 2-3 yrs of talks have just been delaying tactics. Every day we pump millions into programs, institutions, and wars that bring us no financial benefit. We print money just to make ends meet, even though this constant printing of money just devalues it further.
Those that lent money to the southern states of Europe know they're never getting it back. If there was any to have, they wouldn't have written of most of the debt. Its called cutting your losses and running. Now the tax payer lends money to greece and spain, portugal, and Irland. And they have no chance of getting their money back in their life times.
A company called Jessops, has just gone to the wall in Britian. They traded right up to christmas. Took as much money as they could, then as soon as there was any chance that people would go in and spend their gift vouchers, or return goods, for cash, in come the receivers and it gets closed. There is no money to give back. Whole countries are now facing that problem.
. Most people believe greece will have to go bankrupt, and quit the Euro. How long can we all kid ourselves it will end well. The Greeks took to the streets 2 years ago and said they couldn't possibly pay back all that debt, but the kings of Europa land wouldn't have any of it.
We hear very little of the riots in southern states of europe. We will when people start dying, and the riots start spreading. The term 'collapse' is just what will happen. When our money becomes so worthless we can't afford the fuel required to run our bloated economies, it will leave millions so desperate they will accept any solution that feeds them. Then we'll see utopia in all its Gory!.
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Looks like people are getting the picture.
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