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Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts

Thursday, March 21, 2013

Proof That Obama Is Stark Raving Mad

March 21, 2013 by

Our government-run public education system is very bad — so bad that generations of Americans educated in public schools don’t recognize idiots, economic illiterates, Ponzi schemes, frauds or Marxists when they see them. So I’m going to educate the masses with very simple examples that even a sixth-grader can understand.

Let’s compare America to your household. That makes it very simple and easy to understand.
Let’s say you make $50,000 per year, and you owe $250,000 in debt. You’re in deep trouble, right? One way or another, you are headed for bankruptcy court in the future.

Then you receive a credit line in the mail for $250,000. Are you rich? Of course not. That new credit line or credit card is not “income.” It’s a loan — to be paid back at high interest rates. You didn’t just gain $250,000. You just added $250,000 to your debt. You still make $50,000, but instead of owing $250,000 in debt, you now owe $500,000. You think you’re “saved.” Actually, you’re twice as broke as before. Insanity.

That’s exactly what Barack Obama is doing to the U.S. economy. He added $6 trillion in debt in only four years to “save” us from a terrible economy. Well, he didn’t save anyone. He just put all of us into much deeper debt. This debt will destroy the lives of our children and grandchildren. And the economy isn’t even better. It’s in shambles. If interest rates go up in the future, the entire U.S. economy will be destroyed by the debt
.
But there is one part of the economy thriving: the stock market. That keeps going up because Obama has guaranteed the richest fat cats on Wall Street profits by the billions — from you! Yes, you’re paying for the richest people on Wall Street to get rich. Obama is stealing $85 billion per month from the taxpayers — mostly the middle class — to buy bonds that no one else wants and to buy mortgages that no one else wants, which automatically makes the stock market go up. That $85 billion per month that the Fed is printing goes straight to the bottom line of the biggest companies publicly traded on Wall Street. They get rich. Their CEOs get rich. Their shareholders get rich. The banks and hedge funds get rich. And you’re stuck with the bill.
Once again, those trillions of dollars printed by the Fed to make the stock market go up so Obama can act like the economy is getting better are not riches; they are debt. They are loans that need to be paid back by you, your children and grandchildren. Insanity.

Even worse, can you imagine if the $250,000 credit line that came in the mail to “save” you, was issued by you? That’s exactly what’s happening under Obama. We are so broke, so indebted, so insolvent that no one wants to buy our bonds anymore. That’s why the United States, Europe and Japan buy 60 percent to 90 percent of their own bonds. Do you understand what this means? That’s like your being so broke, so in debt, that you lend yourself the money to pay the bills you can’t afford.
Can you imagine if you owned a bank and gave yourself a $250,000 loan that no one else would give you because you are unqualified to handle more debt? You’d be destroying your own future, plus your own bank. You didn’t “save” yourself or your bank. You killed two birds with one loan. Insanity.

How about Obama’s claim that he “saved” the auto industry. Once again, it’s a combination of pure fraud and pure delusion. He didn’t actually “save” anyone. He just grabbed about $100 billion from the taxpayers — that’s you — to redistribute to auto unions so their members could continue to get their obscene unsustainable pensions and then kick back $100 million or so to Obama’s Presidential campaign. It’s called “pay for play.” It’s fraud, and someone should go to prison.
And, of course, we now know that the loss to taxpayers is at least $25 billion and maybe much more. So whom did Obama “save?” I could save any industry in the country by stealing $25 billion from taxpayers and handing it to that industry. But the reality is: You’re out $25 billion, folks. That’s more debt for your kids. They’ll be paying the interest on that debt decades from now, and they didn’t even get a lousy car out of the deal. Insanity.

What if your creditors agreed to a deal to restructure your debt, and they offered you the following deal: You owe us $250,000 and you can’t pay it back, so we’ll raise it to $500,000 and we’ll all agree things look better. Well that’s the “fiscal cliff” deal folks. To solve a debt crisis, we added $4 trillion to the spending and debt, and the President and Congress declared it a victory. Insanity.

What if things got so bad that you finally agreed to cut spending to save your personal economy? So you cut $10 per week to try to repay your $250,000 debt. Well, that’s the sequester, folks. We cut a measly $80 billion out of a $3.5 trillion budget, with more than $16 trillion in debt. We accomplished nothing. Insanity.

What if you were out of work for two years, and you got so discouraged that you decided to stop looking for a job and spend the rest of your life living off food stamps and disability; but because you’re not looking for a job anymore, you no longer consider yourself unemployed? That’s exactly how Obama can claim the unemployment rate is “improving.” Insanity.

Finally, here’s the most bizarre example of all. You are broke. Out of money. You can’t pay your bills. You still owe $250,000. Collection agencies are calling day and night. But you love the Muslim Brotherhood of Egypt so much that you still write them a check for $25,000. That’s what Obama just did with your taxpayer money. Insanity.

I hope it’s all clear now. The U.S. economy is now best described as a combination of debt, fraud and delusion. And the CEO who runs it, President Barack Obama, is absolutely stark raving mad.

Thursday, October 11, 2012

Obama's extreme economic ignorance

 On October 4 Obama issued this Twitter message:

“I’ll use the money we’re no longer spending on war to pay down our debt and put more people back to work.”

 Note to Obama: The federal government has been running deficits for decades. The “money we’re no longer spending” was borrowed money. Ending the wars does not make that money available for paying down the debt, because the money itself was debt! Ending the wars results in reduced deficits. It does not provide a surplus that can be used. (Obama himself has stated many times that the wars in Iraq and Afghanistan were “paid on a credit card.”)

 The economic illiteracy of Obama’s statement is stunning. If a teenager borrows $50 from his parents to pay his September cell phone bill and then reduces his October usage to $40, which he also borrows, the teenager does not “have” an extra $10 to give his parents to pay the $50 he owes for September. He simply owes $90 ($50 plus $40) rather than $100.

 The federal deficit for 2012 is about $1.2 trillion. If ending the war in Afghanistan were, for example, to reduce spending by $100 billion in 2013, the deficit would be reduced to $1.1 trillion. But there is no additional $100 billion to spend on anything! The government still has to borrow $1.1 trillion. Obama cannot “use” that $100 billion to “pay down our debt” or “put more people back to work,” just as the teenager cannot “use” that $10 to pay back his parents or spend on something else.

 Vote the idiot out of the White House before he can do any more damage, and let Big Bird pay his own phone bill.



Don Fredrick

October 6, 2012

Friday, November 27, 2009

Obama Orders 1 Million US Troops To “Prepare For Civil War”

By: Sorcha Faal, and as reported to her Western Subscribers

Russian Military Analysts are reporting to Prime Minister Putin today that US President Barack Obama has issued orders to his Northern Command’s (USNORTHCOM) top leader, US Air Force General Gene Renuart, to “begin immediately” increasing his military forces to 1 million troops by January 30, 2010, in what these reports warn is an expected outbreak of civil war within the United States before the end of winter.

According to these reports, Obama has had over these past weeks “numerous” meetings with his war council about how best to manage the expected implosion of his Nations banking system while at the same time attempting to keep the United States military hegemony over the World in what Russian Military Analysts state is a “last ditch gambit” whose success is “far from certain”.

And to Obama’s “last ditch gambit”, these reports continue, he is to announce in a nationwide address to his people this coming week that he is going to expand the level of US Military Forces in Afghanistan by tens of thousands of troops, while at the same time using the deployment of these soldiers as a “cover” for returning to the United States over 200,000 additional American soldiers from the over 800 bases in over 39 countries they have stationed around the Globe bringing the level of these forces in America to over 1 million, a number the US Military believes will be able to contain the “explosion of violence” expected to roil these peoples when they learn their economy has been bankrupted.

These reports further state that at the same time Obama will be attempting to keep his Nation from violent disintegration, the tens of thousands of additional troops he will send to Afghanistan are to be ordered to Kandahar where the Americans and their NATO allies will begin their final attempt to secure their TAPI (Turkmenistan, Afghanistan, Pakistan and India) pipeline, which without the Western Nations, due to their grave lack of alternative energy resources, and being cut off from these vast Central Asian supplies (which both Russia and China are seeking to insure), are warned will totally collapse.

Making the American’s (and by extension the West’s) situation even worse are new reports coming from the International Energy Agency stating that “under pressure” from the US government they have been “deliberately underplaying” a looming Global oil shortage for fear of triggering panic buying and raising the Americans fear over the end of oil supremacy because it would threaten their power over access to our World’s last remaining oil resources.

To the scariest “end game” maneuvers being made by Obama, in his attempt to protect Americas Global hegemony, is his record shattering move in plunging the United States $3.5 Trillion further into debt, and which raises the total amount owed by the United States, to its citizens and the World, to the unprecedented height of over $106 Trillion.

So alarming has Obama’s actions become (especially since they are being imitated by all of the Western powers) that the managing-director of the International Monetary Fund (IMF), Dominique Strauss-Kahn, warned this past week that the “stimulus actions” of the West (which in essence is nothing more than the printing of money with nothing to back it up) has now become a “threat to democracy” as millions of people are expected to erupt in violence against their governments over the theft of their money and their futures.

Most unfortunately for the American people though is that this IMF warning fell on “deaf ears” in the United States with the Federal Reserve Bank of St. Louis President, James Bullard, saying this week that the US would continue its “stimulus actions because they “would give more flexibility to US policymakers”, a most absurd statement especially when viewed in the light of the unprecedented debt payments currently looming over the American economy they have no ability whatsoever to pay.

To the ability of the West’s banking giants to save their Nation’s economies, even worse news came this week with the US ratings giant Standards & Poors issuing a warning that “every single bank in Japan, the US, Germany, Spain, and Italy included in S&P’s list of 45 Global lenders remain unsafe”, a warning which then lead to one of Europe’s largest banks, Société Générale, warning its clients to prepare for a “total Global Economic Collapse”.

To the fears of Obama over the United States erupting into civil war once the full extent of the rape and pillaging of these peoples by their banks and government becomes known to them, grim evidence now shows the likelihood of this occurring much sooner than later, especially in new poll figures showing that Obama’s approval rating among white Americans has now fallen to 39%. A number made more significant when one realizes that the white population of the United States comprises 74% of their estimated 398 million citizens, or put more ominously in these reports as “over 220 million American people armed to the teeth and ready to explode”.

And so fearful has the white population of the United States become that upon the election of Obama to the Presidency he was named as the “Gun Salesman of the Year” by the Outdoor Wire, the US’s largest daily electronic news service for the outdoor industry, who report “panic buying” of weapons and ammunition by those fearful of the destruction of their country at the hands of man they believe is not even an American citizen and had been foisted upon them by their elite classes seeking to enslave them.

Though the coming civil war in the United States is being virtually ignored by their propaganda media, the same cannot be said of Russia, where leading Russian political analyst, Professor Igor Panarin has long warned that the economic turmoil in the United States has confirmed his long-held view that the US is heading for collapse, and will divide into separate parts.

Professor Igor Panarin further stated in his warning that “the US Dollar is not secured by anything. The country’s foreign debt has grown like an avalanche, even though in the early 1980s there was no debt. By 1998, when I first made my prediction, it had exceeded $2 trillion. Now it is more than 11 trillion. This is a pyramid that can only collapse.”

What remains to be seen, and these reports do not speculate upon, is if the citizen-soldiers of the United States will fire upon and kill their fellow countrymen during the coming conflict, but if history is to be our guide clearly shows this will be the case as the once great American Nation continues its headlong plunge into the abyss of history. May God have mercy upon all of them.

© November 26, 2009 EU and US all rights reserved

http://www.whatdoesitmean.com/index1302.htm