Bail, rescue, print formula no cure for what ails America

USA Gold ^ | Michael J. Kosares

[RC one]

Some might believe that we have reached a culmination of sorts for the financial crisis that began in 2008 and that from here things are going to get better. This study draws the opposite conclusion. The bail, rescue and print formula being employed by the federal government and central bank today is simply a continuation of policies that brought about the crisis in the first place. Only now, as you are about to read, they are being conducted on a far grander scale. The repercussions, I might add, are likely to arrive on a far grander scale as well......

The numbers in the table below speak for themselves and do not require a great deal of embellishment. They describe a monetary and financial system in crisis. I last researched and prepared this table in 2007. Much has changed over the past two years, and I could not help but note that the numbers had begun to take on a distinctly Weimar-like* feel.

- Foreign-held debt up 26,347%. - One-year addition to the national debt up 12,681%. - Adjusted monetary base up 2701%. - A $12 trillion national debt. - $592 trillion in derivatives positions. - A nearly $700 billion trade deficit. - And, last but not least, a currency that has depreciated by 82%.

[RC one]

This article is a bit long but it was an interesting read and it lends much support to the opinions most of us espouse regarding the economic reality in America. Plus it has some neat graphs. Of course, these guys are selling gold and therefore thrive on the fear of economic collapse but, then again, the facts are still facts.

[Betty Jane]

For later reading.

[blam]

CAUTION: Monetary System Collapse (Youtube K. Denniger)

US Credit Shrinks At Great Depression Rate Prompting Fears Of Double-Dip Recession

[RWB Patriot]

If all we had to worry about was the economic problems, then there wouldn’t be much to worry about because the economy fixes itself, so there would eventually be an end to a recession. It would just be a matter of letting the built-in controls take effect.

Unfortunatly, we also have an administration that doesn’t believe in letting a good crisis go to waste, and as if their continued meddling with the economy wasn’t bad enough, the fact that they’re starting to drop signs of an upcoming fascist/communist dictatorship shows that our troubles will be just beginning when the crash comes.

A dark time is coming.