Tuesday, December 4, 2012

Head In The Sand or Nose in The Air?

Have you been paying attention, or have you just been watching the establishment media for your information. Well today is your lucky day because for whatever reason you landed here, you have the opportunity to put your nose in the air and take a good waft of the fumes coming off the excrement being touted as the negotiations to avoid the fiscal cliff.
What we have going on in Washington is nothing more than political theater. Of course it’s been going on for a century or more, but right now it’s time for some adults to stand up and say “Enough, enough of this grandstanding, political maneuvering and posturing for the next election. All of which may be meaningless unless we find some real leadership on the issue of the fiscal cliff.
Now if you have had your head in the sand … particularly all of those who voted for Obama this time around … you don’t have a clue as to what is about to occur. You no doubt think that he’s going to magically fix things by making those evil rich people pay more in taxes. News flash … he could confiscate every penny of their wealth, and then some for the next decade, and it would only run the federal government for 9 days. So let’s just get off the notion that taxing the rich is going to fix anything.  So, if you do have your head at least partially out of the sand, let me enlighten you as to what is likely to happen even if we solve this so called “fiscal cliff” challenge. 

1. Our currency is going to collapse. It’s already a done deal. It’s no longer a matter of if it will happen, it’s now a matter of when it will happen.  Bruce Porteus, Head of Financial Risk with Standard Life Bank in Edinburgh, Scotland, writes: “The $US has declined 40% against the Euro over the last 2 years, and during this time America's trade deficit has continues to deteriorate. There is now nothing the USA can do to prevent the collapse of its currency, and its economy. It has no reserves to support its value, and has the most indebted country in the world, is dependent of the credit from America's former enemies.”
He’s not the only one raising the flag. “… foreign countries own $5 trillion in U.S. debt (as of December 2011). If China, Japan or other major holders started dumping these holdings of Treasury notes on the secondary market, this could cause a panic leading to collapse. China owns more than $1 trillion in U.S. Treasuries. That's because China pegs its currency, the yuan, to the dollar. This keeps the prices of its exports to the U.S. relatively cheap. Japan owns more than $800 billion in Treasuries, also keeping its currency, the yen, low to stimulate exports to the U.S. Japan is trying to move out of a 15 year deflationary cycle, and the 2011 earthquake and nuclear disaster hasn't helped.” Kimberly Amadeo, About.com. Time and space will not allow me to list the number of experts and economists that are trying to warn us of the coming crises. Funny … none of them are being invited to tell their story in the establishment media. 

2. We, Americans, have already spent the wealth of the next two generations. It will take another generation to recover from this calamity. Our culture has grown far too dependent upon government.  According to research by Ranking Member of the Senate Budget Committee, Jeff Sessions, the number of Americans on welfare has increased from 97 million to 107 million since President Obama took office,. The number of Americans on food stamps during the president’s term has risen by more than 14 million. The Heritage Foundation found that on average, Americans who depend on federal assistant received $32,748 in annual benefits, which is more than an average American worker makes in a year. In 2011, the median annual paycheck was reported as $26,364. You don’t have to be an economist for those numbers to trouble you. If those numbers don’t trouble you, you do have to be something other than smart.

3. Social Security and Medicare are in serious trouble.  Medicare, which will provide health insurance to more than 50 million elderly and disabled Americans this year, is expected to start operating in the red in its largest fund in 2024, according to the annual assessment by the trustees charged with overseeing the programs.  And the Social Security trust fund, which will provide assistance to more than 45 million people in 2012, will be unable under current trends to fulfill its obligations in 2033, three years earlier than projected last year. My prediction is that if something isn’t done now, SS will  go the way of the dodo bird before this decade ends.
So what does all this have to do with the fiscal cliff?  Well, unless we stop spending more money than we earn, we will go bankrupt.  Specifically for 2011, the projected spending is $10.46 Billion per day. This is based on the projection of Federal Spending of $3.818 Trillion for the year. "Thanks to Washington’s addiction to spending, the federal government now borrows $4 billion a day," We don’t have a revenue problem in America, we have a Federal Government with a spending problem, and it’s going to impact you and your family in ways you cannot imagine. But let me give you some help.
When the dollar collapses:
  • Your 401K or IRA will be worthless, unless you’ve converted to hard assets like gold or silver.
  • Gas will increase as much as 3000%.
  • Grocery store shelves will be empty within 12 hours.
  • Electricity may or may not be reliable, I’m guessing not.
  • Water and sewer services will eventually have to stop working for lack of energy.
  • No one will have a job, and even if they did, they couldn’t get to it for fear of being hijacked or run out of gas.
  • Gangs will start systematically looting high-end neighborhoods and then start working down the economic ladder. Your neighborhood will not be immune.
  • Police and fire departments will be tasked beyond their capacity to assist.
  • Then it will get worse.
Got your head out of the sand far enough to start sniffing yet?  Good. Now, do what you have to do to get ready. 
Click the link below for some other ideas.


Saturday, December 1, 2012

The American Values Test

Choose the answer you most agree with.
Which of the following should be illegal?
1. A teenager having an abortion without her parent's consent.
2. A teenager setting up a lemonade stand in front of her house.
Which of the following should NOT be allowed?
1. Computers in a public library with access to pornography.
2. A display of a nativity scene on public property.
Which of the following makes the most sense?
1. Allowing illegal immigrants to obtain driver's licenses.
2. The enforcement of immigration law by individual States.
Which of the following should NOT ever happen?
1. The use of U.S. tax dollars to create jobs in other countries such as France, Italy, Russia, and Mexico.
2. Corporate executives laying -off workers, while themselves collecting bonuses.
Which of the following should NOT be allowed?
1. People getting  free cell phones and cellular service at taxpayer's expense.
2. An unemployed man offering a shuttle service for tips at a National Park.
Which of the following should NOT ever happen?
1. Government officials denying business permits to businesses that espouse a Biblical world view.
2. Preachers telling their congregations that it’s wrong  for same sex couples to marry.
Which of the following is the task of government, as specified in the constitution?
1. Feeding, clothing and housing people.
2. Defending national interests and providing security for the citizenry.
Choosing answer number 1 for a response to any of the questions is indicative of any or all of the following: Stage one thinking, moral depravity and/or a total misunderstanding of American values.