How Bad Is It?
Communities Devolve
"Gravel roads, once a symbol of quaint times, are emerging as a sign of financial struggle in a growing number of rural towns.
High costs and tight budgets have prompted communities in Maine, Michigan, Indiana, Pennsylvania and Vermont to convert or consider converting their cracked asphalt roads back to gravel to cut maintenance costs, officials in those states say."
It Is Now Mathematically Impossible To Pay Off The U.S. National Debt
"A lot of people are very upset about the rapidly increasing U.S. national debt these days and they are demanding a solution. What they don't realize is that there simply is not a solution under the current U.S. financial system. It is now mathematically impossible for the U.S. government to pay off the U.S. national debt. You see, the truth is that the U.S. government now owes more dollars than actually exist."
Government lied through their teeth about unemployment numbers
"When the Government releases Friday's employment report, nearly a million jobs could be erased. The change won't show up in the monthly report. Rather, the expected drop will show up in the government's revised job losses from April 2008 to March 2009, showing the labor market was in much worse shape than we knew at the time."
Government is buying up the stock market
"TrimTabs CEO Charles Biderman is always interesting and outspoken, and in recent months he's been pushing the idea that the government is directly interfering in the stock market to push prices higher."
The Bankruptcy of the United States is Now Certain
"It's one of those numbers that's so unbelievable you have to actually think about it for a while... Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that's not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Put the two numbers together. Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year? That's an amount equal to nearly 30% of our entire GDP. And we're the world's biggest economy. Where will the money come from?"
"Gravel roads, once a symbol of quaint times, are emerging as a sign of financial struggle in a growing number of rural towns.
High costs and tight budgets have prompted communities in Maine, Michigan, Indiana, Pennsylvania and Vermont to convert or consider converting their cracked asphalt roads back to gravel to cut maintenance costs, officials in those states say."
It Is Now Mathematically Impossible To Pay Off The U.S. National Debt
"A lot of people are very upset about the rapidly increasing U.S. national debt these days and they are demanding a solution. What they don't realize is that there simply is not a solution under the current U.S. financial system. It is now mathematically impossible for the U.S. government to pay off the U.S. national debt. You see, the truth is that the U.S. government now owes more dollars than actually exist."
Government lied through their teeth about unemployment numbers
"When the Government releases Friday's employment report, nearly a million jobs could be erased. The change won't show up in the monthly report. Rather, the expected drop will show up in the government's revised job losses from April 2008 to March 2009, showing the labor market was in much worse shape than we knew at the time."
Government is buying up the stock market
"TrimTabs CEO Charles Biderman is always interesting and outspoken, and in recent months he's been pushing the idea that the government is directly interfering in the stock market to push prices higher."
The Bankruptcy of the United States is Now Certain
"It's one of those numbers that's so unbelievable you have to actually think about it for a while... Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that's not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Put the two numbers together. Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year? That's an amount equal to nearly 30% of our entire GDP. And we're the world's biggest economy. Where will the money come from?"
posted by nolocontendere at 7:04 PM
2 Comments:
I am always astonished that this "printing money out of thin air" hasn't had much worse consequences yet- I know things are horrible enough for people right now-but looking through the "real" financial data -it does indeed look like an implosion will be absolutely impossible to stop- God help us-btw thanks for putting all of this in one spot- I could have saved myself a load of time by coming here first when I got on the puter this am!!
The entire game is based on faith now, Devin. The country has been destroyed, money is less than worthless, and the ONLY thing the criminals want to do now is make people believe believe in the system long enough so they can finalize their plans for total enslavement. So instead of fixing problems they spend all their time on PR while the nation burns.
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