SECURITY UPDATE: Are We On The Brink Of WW3????
The Bankers have cut off credit to the American citizens AFTER the American citizens bailed out the bankers and gave them billions in bonuses.
Revenues to our Cities, Counties and States are evaporating.
Revenues to our Businesses are evaporating.
Incomes to our Families are evaporating.
This is what happens when a credit dependent economy is cut off of credit....and now we KNOW our economy has been cut off.Banks squeezing entrepreneurs
U.S. banks are reducing their lending to businesses at the fastest rate on record, threatening to derail the economic recovery.
As a result:
Our country is shutting down....and based on tax receipts in September.....the pace is accelerating.
Obama faces very difficult choices....he must now counterfeit currency in order to keep his/our nation functioning under the current structure.....no other President in the history of the United States has ever been forced to counterfeit/print to sustain government (government is now 50% of GDP)....others simply borrowed/print.....a BIG legal difference.
The world is getting upset at us.....nations are OPENLY threatening to remove the dollar from being the World's reserve currency....if that happens....well....let's just say Obama can't allow that to happen and leave it at that for now.
Obama has over 330 million people that are bound to accept whatever choice he makes.....if nations won't accept our currency, do we attack them to take what we need since we don't have any other currency or reasonable means of getting any(IRAQ anyone?) OR do we confront the fact that the bankers have cut us off from credit and restructure our economy(the bankrupting of America).
The issue with America is we NEED so much to maintain our current footprint....an amount no other nation has or can afford to maintain.
At this point, credit is not simply being curtailed...it is being cut at the fastest rate in history. Tax receipts are evaporating at the fastest rate in history. Auto dealers are shutting down at the fastest rate in history. Our Universities and colleges are now shutting down....our court system is now shutting down.....so are our retailers, restaurants, hotels, and many other businesses.
Obama is running out of time.....what will he do?....what will other nations do to us if we keep simply printing and don't manage our currency responsibly?
Most of you do not have the educational background or experience to understand the impact of a debased dollar. For the last hundred years, the dollar was the currency that the entire world viewed as the safest.....and we as citizens benefitted greatly from such a perspective. But Benny B has made sure that is no longer the case......and our currency is being attacked by the world.
Whatever decision Obama makes, or forced into....we as citizens of the United States will be bound legally to accept the consequences.
Let's hope for all our sakes our President makes the right decision as he has been backed into a corner....a corner none of us would ever want to be backed into.
And think...some Fools are focusing on the market is going up even though credit is being cut off, sales are evaporating, and America is shuttin down????
Will we restructure or fight????? Time will tell....11.10.9.