ALL THE GOVERNMENT HAS TO OFFER IS WHAT THEY TAKE FROM YOU. ; )
Showing posts with label US debt default. Show all posts
Showing posts with label US debt default. Show all posts

Monday, February 1, 2010

More evidence about my predictions, sarcasm


Three more articles by three more authors supporting my economic predictions for 2010:

www.marketoracle.co.uk/Article16929.html Financial system saved?

www.marketoracle.co.uk/Article16927.html US debt crisis

www.marketoracle.co.uk/Article16922.html Future of the dollar, excellent summary of major events showing it's in trouble.

Below is a link to a great article about how 34 states are moving to block implementation of any socialized medicine scheme.

www.newsmax.com/US/US-Health-Overhaul-States/2010/02/01/id/348526

I have a new money-making scheme. I just need a little help finding the right place to implement it. I need to know the location of the 440 imaginary congressional districts that got to split $8 billion of the stimulus bill. They even had jobs created despite being imaginary! Being imaginary, there shouldn't be anyone living there now, so if I move my family to one of those districts I should get all of the jobs created there plus all of the millions of dollars spent on that district. Right? There shouldn't be competition there. I'm sure of it. Please help.

We got the announcement today that the world record $3.8 TRILLION budget will produce the largest deficit in the history of the world.. Luckily, though, our dear leader told us that A.) it's Bush's fault that he has quadrupled Bush's deficits and B.) this budget really represents getting back to fiscal responsibility. Whew! For a second I thought it was an insane spending spree that will hurt us for the next 50 years. By the way, the projections showing the record deficit being "only" $1.6 Trillion this year are so absurdly optimistic they make me giggle. Just according to the previous optimistic estimate above (tax receipts are still falling fast, not rising), the difference between taking in $1.6 trillion and spending $3.8 trillion would be $2.2 trillion just for this year. That is about $7,000 per man, woman and child. Another way to think of it is 2,200 thousand millions.


Thursday, January 21, 2010

Another expert agrees with my prediction

Not the expert

Katastrophenhausse: “crack-up boom” due to out-of-control government printing of money and the resulting complete loss of confidence in it.

Jan 21, 2010

By: Bob_Chapman

“We forecast this two years ago while most economists were sleeping. This past year the Fed bought 80% of new government debt or $1.2 trillion worth as foreigners bought only $300 billion worth. To think this program will end is pure folly. There will be no one to buy the debt, which grows larger with each minute. Deficits will run more than $1.5 trillion a year as far as the eye can see. Revenues continue to fall and spending to rise. Foreigners are dumping dollars not accumulating them. Worse yet many other nations have similar problems. They have to raise money as well. Who will accommodate them? We are talking $10 trillion alone for the G20 countries, some of which are on the edge of bankruptcy. Then again where will the money come from to bail out the likes of California, New York, New Jersey, Florida,Nevada, Arizona, etc.? There just isn’t enough money to go around. The Fed has to increase printing money and issuing credit; there is no other choice short of economic collapse. The price to be paid for this Keynesian profligacy is hyperinflation and you can be sure it is already in the money pipeline.”

Also, let me point out the link in the Great Websites section at right for "Hyperinflation Nation," which shows one world-class expert after another predicting a hyperinflationary depression in the United States soon.

Monday, January 18, 2010

Top economist agrees with my predictions


Here is a LINK to a very well-respected website and an article including predictions about the US economy by one of our leading economists, John Williams. His predictions are quite similar to mine. In another interview he said he had moved up his timeline for the collapse from the period 2010 through 2018 to this year, which is what I'm predicting. His predictions are from December of 2009.

Here is another link to another top economist forecasting US national debt default. Though he believes it won't come this year, he believes that outcome is certain. LINK

Note, the big problem is on the chart above where the budget goes A MILLION MILES BELOW ZERO then stays in the sub-basement for years. Unless it starts snowing money EVERY DAY, we can never pay all that.