You KNOW 9.09 Is Getting Closer....
We are being distracted with a few hundred billion dollar health care "reform" issue while we are running over a $2 Trillion dollar deficit. Sorta like the turkey getting fed well just before the farmer cuts his head off?
When a patient presents with an arterial bleed, the fact that he has a broken leg really doesn't matter until you stop the bleed. Why are we worrying about reform when we can't even pay for health care? WE HAVE A $2 TRILLION DOLLAR DEFICIT.....WHAT IS A FEW HUNDRED BILLION DOLLAR HEALTH CARE REFORM?
You know you are being misdirected when the Timmy the G tells you things are stabilizing and the biggest bank failure of the year just occured tonight.....along with four other failures on the same day.
If the primary dealers cut off America from borrowing any morre....the lines at the food banks will be tens of thousands of people long as tens of millions are dependent on government handouts to eat every month. ..... A social safety net that didn't exist in The Great Depression that taxpayers are paying for today.....actually nobody is paying for it today as there is not enough money to pay for it.
If Obama tries to print over $2 trillion dollar simply to pay welfare, it will not take too long before our currency is worthless. Otherwise, he could tax the top 10% of taxpayers $200K per year so our currency could remain stable like it did in The Depression......how do you think that one will go over?
These are the numbers, these are the facts......yet we are being distracted with something we can't even afford to reform as America continues to shut down.......UNTIL WE RESTRUCTURE DEBT.
August is hitting downtown Sacramento's well-heeled Capitol corridor especially hard. Not only are state employees on a "Furlough Friday" schedule, the Legislature's on vacation and municipal workers are taking furlough days, too.
If we don't restructure existing debt in America to 1/2%.....America will continue to shut down. Today we lost a bank employing 5000 taxpayers....last week we lost a mortgage company employing a similar number of taxpayers.....as we keep losing taxpayers, there will be fewer and fewer forced to pay more and more in taxes to support our nation.
Once you learn that by permitting Credit Default Swaps, the FED effectively encouraged the over leveraging of America without regard for ability to repay..... and by raising interest rates 17 times.....the FED knew it was going to destroy of our economy without warning the citizens.
Alstry was warning, but few were listening.
Until Timmy the G and Benny the B start talking about restructuring debt for America, just like they did for their Wall Street buddies, our nation's economy will continue to evaporate into oblivion where the bailed out bankers will own title to practically everything in the nation.
It is time we demand that citizens, businesses, hospitals, cities, counties, states and the Federal Government should all be permitted to borrow at twice the rates of banks.....1/2%.....
Until we restructure the current $50 trillion of mortgages, HELOCS, auto loans, credit card debt, commercial real estate debt, municipal debt, corporate debt, and government debt.....those few holding Credit Default Swaps financially gain from the destruction of the American economy by getting paid when loans default while the rest of the nation loses their livlihoods and go broke.
And those trying to compete against businesses that have their debt swapped, they are screwed because they simply can't afford to operate at an indefinite loss without shutting down. Through swaps, the fed encouraged its banks to destroy our economy by infecting it with a lethal dose of debt.
After enough loans default, America's citizens and economy will be economically dead....Welcome to the new policy of the Federal Reserve....destroy the American economy so their banker buddies can get rich and own title to all of the natural resouces in America as financial services is no longer profitable.
Now do you think Benny the B and Timmy the G are going to let you learn about their plan?....or are they going to create a BIG distraction first? Heck, if they get rid of 100,000,000 of us, think of all the money they could save from paying Medicare, Medicaid, Food Stamps, Welfare, Unemployment, and Social Security....Trillions my friends...trillions. Maybe that is why we are being distracted with health care reform and not discussing the deficit?
Sometimes you have to cull the herd to save the rest.....do you think this could be Benny's plan? Maybe it's time we cull the Fed and Wall Street banks and get back to sound lending practices.
9.09 or restructure debt......Evil triumphs when the good do nothing....you better start doing something soon.