This is a truly terrifying situation as there is no way in hell this can ever be repaid.
While Obama may or may not be on the way to winning his reelection, courtesy of a GOP field that is, to say the least, limited, and where the only worthy candidate is more ostracized by the right than even anyone on the left, the bottom line is that whoever wins the presidency, it will matter precisely didley squat. As the US debt clock shows, fast forwarding 4 years, or to February 2016, when the next presidential race will be in its final stretch, America will have $24.1 trillion in debt, about $9 trillion more than it does, now on $17.4 trillion in GDP, for a gross debt to GDP ratio of 138.9% (and Apple’s $1 trillion market cap will account for 150% of the Nasdaq… just as IBM is 125% of the DJIA). Needless to say, it will be long past game over at that point confirming that the current presidential race, with its exciting tangential detours into female fertility, moon bases, LBO IRR maximization courtesy of cost-cutting, is completely and utterly meaningless. Also, keep in mind, “at current rates” for an endspiel that has now entered the exponential phase in virtually every category, is to say the least, optimistic. Yes, interest rates may be negative in 2016, but that means that the liquidity trap endgame has not only begun, but is well on its way to ending, and mercifully putting an end to this whole Keynesian “sustainability” charade. Remember: Japan’s debt-deflation lasted for 30 years only thanks to new pockets of incremental global leverage and inflation: China and the PIIGS. This time, absent the levering of the entire continent of Africa, there is noone who can take the releverage baton and run. Which means the only “buyers” will be the central banks. At least back in the day, Weimar just one nation. This time, it will be the “Weimar World.”
A source who wants to remain anonymous has come out of the woodworks with photo’s of a training camp were people were trained by foreign troops in civilian interment exercises.
The Department of Homeland Security plans to spend up to $50 million dollars on a spy system that has been used to hunt insurgents in Iraq and Afghanistan for the purposes of “emergency and non-emergency incidents” within the United States.
The DHS is seeking four contractors to provide “aerial remote sensing” services, using LIDAR (Light Detection And Ranging) technology fitted to drones or manned aircraft that will provide surveillance capability for “homeland security missions,” as well as “management of emergency incidents by Federal Emergency Management Agency (FEMA) regional offices, joint field offices and by state and local government.”
“DHS believes these airborne images are essential for homeland defense missions, such as planning for National Special Security Events (Super Bowls or a national political conventions come to mind); enhancing border, port and airport security; as well as performing critical infrastructure inventories and assessments,” reports Government Security News, adding that the technology will be used for “emergency and non-emergency incidents nationwide.”
Washington has made tremendous preparations for a military assault on Iran. There is speculation that Washington has called off its two longest running wars–Iraq and Afghanistan–in order to deploy forces against Iran. Two of Washington’s fleets have been assigned to the Persian Gulf along with NATO warships. Missiles have been spread amongst Washington’s Oil Emirate and Middle Eastern puppet states. US troops have been deployed in Israel and Kuwait.
Washington has presented Israel a gift from the hard-pressed american taxpayers of an expensive missile defense system, money spent for Israel when millions of unassisted americans have lost their homes. As no one expects Iran to attack Israel, except in retaliation for an Israeli attack on Iran, the purpose of the missile defense system is to protect Israel from an Iranian response to Israeli aggression against Iran.
A bill passed in by Congress this week paves the way for the use of surveillance drones in US skies. The FAA predicts that by 2020 there could be up to 30,000 drones in operation.
Once signed by president Obama, the FAA Reauthorization Act allows for the FAA to permit the use of drones and develop regulations for testing and licensing by 2015.
The bill will exponentially speed up and streamline the process by which the FAA authorizes the use of drones by federal, state and local police and other government agencies. Currently, the FAA issues a certificate on a case by case basis.
This article was written by Dr. Paul Graig Roberts. Here is the link to his website which contains a lot of good articles. I decided to post it integrally because the graphs tell a very scary picture about the US and it’s real economic situation. It is dire to say the least.
If you have any money and you want to understand the lies that “your” government tells you with statistics, subscribe to John Williams shadowstats.com.
John Williams is the best and utterly truthful statistician that we the people have.
The charts below come from John Williams Hyperinflation Report, January 25, 2012. The commentary is supplied by me.
Here is the chart of real average weekly earnings deflated by the US government’s own measure of inflation, which as I pointed out in my recent column, Economics Lesson 1, understates true inflation.
Just in case you are making plans to go to the US (in which case I think you’re totally nuts) you might recall what you posted on Twitter or facebook or your own blog for that matter.
‘I’m going to destroy America and dig up Marilyn Monroe’: British pair arrested in U.S. on terror charges over Twitter jokes.
Two British tourists were barred from entering America after joking on Twitter that they were going to ‘destroy America’ and ‘dig up Marilyn Monroe’.
Leigh Van Bryan, 26, was handcuffed and kept under armed guard in a cell with Mexican drug dealers for 12 hours after landing in Los Angeles with pal Emily Bunting.
The Department of Homeland Security flagged him as a potential threat when he posted an excited tweet to his pals about his forthcoming trip to Hollywood which read: ‘Free this week, for quick gossip/prep before I go and destroy America?’
If this does not terrify you you have not been paying attention. What will happen to these 150 million people when the welfare system collapses?
A higher percentage of the American population is receiving government benefits than ever before. Yes, there have always been poor people that have needed our assistance, but what does it say about our economy that the number of Americans dependent on the government is at an all-time high? Every night on the evening news we are told that the economy is improving, and Barack Obama is endlessly giving speeches about the “economic recovery” that is supposedly underway. But that is not the reality on the ground for those on the bottom rungs of the income ladder in America. People are really hurting out there, and the number of Americans that are turning to the government for financial assistance just continues to increase. Yes, we should always have a “safety net”, but right now our “safety net” is becoming massively overloaded as millions more Americans jump on to it every single year. What all of these impoverished Americans really need are jobs, but the U.S. Congress and the past several administrations have been systematically killing job growth in America. So unfortunately the number of poor Americans is going to continue to rise, and that is really bad news for a nation that is already drowning in debt.
Some people out there want to blame the poor for the statistics that you are about to read, but that is a mistake. Yes, there are a lot of people out there that are abusing the system, and that needs to be stopped.
But many Americans that are dependent on the government are in that situation because there simply are not enough jobs in this country.
Throughout its history, America glorified wars in the name of peace. From inception, they’re perpetuated against one or more domestic or foreign adversaries.
They include mass killing, assaults and abuse. Pacifism’s called sissy or unpatriotic. Propaganda insists America’s peace-loving. In fact, more than ever today, it’s addicted to permanent war and violence.
Nonetheless, initiating them requires public support. Famed US journalist Walter Lippmann coined the phrase “manufacture of consent.” It’s a euphemism for mind control.
In 1917, George Creel first used it successfully to turn pacifist Americans into raging German-haters. It works the same way now. In 1916, Woodrow Wilson was reelected on a pledge of: “He Kept Us Out of War.” Straightaway, he began planning US involvement.
In April 1917, he established the Committee on Public Information (CPI or Creel Committee). It operated through August 1919. Its mission was enlisting public support for war and undermining opposition sentiment.