Posted on 12/14/2008 10:53:05 AM PST by Dr. Marten
Today I believe America is about to go down financially. Some reasons for this conclusion are the financial crisis, bailouts, increased government spending, belief in a global economy and both parties belief in a one world government.
When we were first discussing the credit crisis and the bailouts I contacted a financial expert who said, "I cannot understand why the President has insisted upon a $700 Billion dollar bailout to save the economy. Call me back in a few days and I will have an answer for you." When I called back he said, "I still do not know what to make of this so-called credit crisis. It just does not make any sense to me."
When a financial expert had no idea why we were going through a credit crisis or a bailout, I began to dig for answers. Then a friend pointed out while Henry Paulson was on CNN arguing for the bailout of Citigroup, one advertiser was asking people to apply for low-cost credit cards. My banks had told me they would loan us money whenever we wanted it. I wondered if the credit crisis was real.
According to Fox News the American people were overwhelmingly against the bailouts. Calls to Congress ran 100-1 against the bailouts. Still Congress approved a $700 Billion dollar bailout package. An additional $1 Trillion dollar bailout is being considered by Congress, which means $1,700,000,000,000 of your tax dollars could be given away.
Why have we just given our government so much power over us?
In the last eight years government spending doubled our national debt from $5.7 Trillion to $11.4 Trillion dollars. President Bush met with Mexico and Canada several times to discuss creating a North American Union and wiping out the U.S. Borders under the Security Prosperity Partnership of America.
The President's meeting with Canada and Mexico, government bailouts and government spending during the last eight years made me wonder if our government was trying to spend the U.S. Dollar out of existence.
Articles about the Security Prosperity Partnership of America say President Bush is pushing us toward a North American Union, eventually leading to a one world government. Why is our President discussing this?
Then my attention was called to the Council on Foreign Relations and their strong desire to see a one world government. In doing my research, I found both Democrats and Republicans were nearly all members of the CRF, a group founded in 1921. Why do so many of our politicians, both Democrats and Republicans belong to this group?
Maybe Democrats and Republicans argue just so they can play the political game and to hide their true feelings. This explains why they belong to a group whose focus is a one world government!
All of this leads to one conclusion, America as we know it, is going down.
America is almost broke and will likely default on loans secured from foreign countries by Spring. If we default on these loans nobody will lend America any money because our government bonds, our collateral, will be worthless. The dollar would also become worthless and would then be replaced with the North American Union Amero.
Then our government will start over with a new currency called the Amero and a new government called the North American Union. Our government's reckless spending is making the dollar, our Constitution and the principles of America totally meaningless. What will happen to the American public?
The blame for this mess rests with our Congress who mismanaged the national debt, spent way too much money, desires a one world government and enacted legislation which required banks to make undesirable loans. Some of our Congressmen passed this legislation for their own personal gain and should be prosecuted.
This makes sense to me and with the huge bailouts, it will come to pass. My advice to you is to change your assets from being based on the U.S. dollar to another government's currency. God help us.
The Answer: It’s a financial panic. America has been through them before. 1812, 1869, 1929, 1987...to name just a few.
Gee, doya think?
My family doesn’t practice fiscal irresponsibility. We have one credit card and pay off the balance each month. We have two cars which are paid for. We have a nice flat screen tv, paid off, but a tv or other expensive gadget like a computer in and of themselves is not evil, as others on this thread suggest.
The only people who would make fun of the FACT that communists have infiltrated America’s government are those who are liberal themselves and blame capitalism for our ills. Capitalism has never been our problem, it’s been our solution!
Thank you, stockpirate.
Ping.
“The Answer: It’s a financial panic. America has been through them before. 1812, 1869, 1929, 1987...to name just a few.”
Thank you. I will keep repeating that to myself when I hear all these alarming explanations that tend to through you into temporary depression.
How about the government taxing us to death. If they only taxed for what they were suppose to individuals wouldn’t need to go into debt! Let’s put the blame in the correct spot.
geez, it’s the socialist/communsits within our government that spent us to this point.
More likely is that the US will devalue the dollar to be able to carry the debt-burden - "printing new money" essentially. That'll piss China off to no end since it will hit directly at both their main export account and their huge stockpiles of US currency and debt.
It's not like it's unprecedented though. The US essentially defaulted and restructured when Nixon removed the gold standard and you survived that.
If they want to gamble, they should have gone to Las Vegas.
Make no mistake, it’s bad. Actually it’s very bad and they’ll be a lot of financial suffering. But it isn’t the end of America.
The most interesting thing, of course, is that most writing about it is intended to fix blame on some rascal and not explain it.
>>>There’s nothing left for the left to take control of. The multi-nationals own Congress lock, stock, and barrel.<<<
The only thing left is me and you.
geez, it’s the socialist/communsits within our government that spent us to this point.
That’s what I thought you meant.
There are times when nothing else will do.
That was my mantra to the many politicians and CEOs in regards to NAFTA and other "Free Trade" swindles. "You're laying off each others' customers, so who will buy your products?" I'd get dead silence or a condescending "Free Trade is good" line of b/s.
Then our government will start over with a new currency called the Amero and a new government called the North American Union.Nutcase stuff. Pure drivel. Fearmongering of the worst kind.
bttt
Ping
“We have one credit card and pay off the balance each month.”
It’s safer to have 5 credit cards and then pay off the one you use each month. You’ll have a higher credit rating, and will also be protected if the bank that issued your card cancels it for no good reason. Your credit rating is partly based on the percentage of your available credit you use, so it’s good to have a lot of credit and then not use it.
You need to read http://www.reuters.com/article/marketsNews/idCAN1246242620081212?rpc=44 so that you might understand that the USA is Canada’s largest customer. Economically, what happens here also happens in Canada.
>America is almost broke and will likely default on loans secured from foreign countries by Spring.
This is a demonstratively false statement. It is impossible for the US to default in dollar debt.
The only thing that can happen is that foreigners may be unwilling to acquire US debt.<
Tell us what happens when other countries refuse to accept the US Dollar as payment.
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