It seems that the majority of the people I know and most of the media fail to understand the reality of what we face in the United States today. They are blind to the facts which surround them. Understanding the position we find ourselves in means accepting that the system you put your faith in is not sustainable. It means accepting and admitting that your world as you know it could come crumbling down.
Our economy, our dollar, our world is built upon the faith and confidence that you and I and the rest of the world have in the US dollar, and more importantly the US government. The most important economic indicators to predict the short term economic future is that of monthly consumer confidence and the sale of US Treasury bonds. One reflects how much faith the people in the US have in our government sustained economy, the other the faith the world, or more precisely, our creditors have in our government. This confidence or faith is all that stands between you and the world as you know it and anarchy.
Should you be concerned. Bluntly, yes. We are now in a position of walking on the edge of cliff, one misstep and we go falling down, and right now our leadership is stumbling like a drunk sailor. The government continues to spend as if there is no tomorrow. Treasury auctions would tank if not for the purchasing of our debt by the Federal Reserve and the vested interested that our largest creditors have in maintaining the value of the dollar for their own interest. But how long can this continue? Our government has stated that the debt will continue to be purchased by foreign investors because they have no choice. Is this anyway to sustain an economy? The recklessness and arrogance of Washington will soon allow or force us off the edge of that cliff. At some point China will decide that enough is enough. The treasury certificates and the dollar bills are paper and hold an intrinsic value of paper, worthless without the full faith and confidence of the US government to stand behind them, a government ran by Barack Obama, Michelle Obama, Nancy Pelosi, Harold Reid, Carol Browner, Mark Lloyd, Kevin Jennings, Harold Koh, John Holdren, Eric Holder, Kevin Jennings, Van Jones (don’t think for a minute that his influence and philosophy are gone) Tim Geithner and Ben Bernanke. These people certainly give me a lot of confidence, how about you? Don’t know who all of them are? That’s part of the problem.
Ignorance is right now the saving grace of the American economy. The economy depends upon the American consumer and Americans are too ignorant of the facts to realize what is happening and being done right in front of our faces. We continue to plan our lives and save for retirements as if the dollar were gold. Most Americans give no thought at all to the fact that the dollar is only as good as the worlds faith in the US government. Our yearly deficits continue to grow. Our debt continues to grow. $7.3 trillion is now owed to foreign countries as our debt approaches $12 trillion. This does not included all of the obligations that are due in upcoming years as a result of social programs. And still it continues. Bills are passed without any concern that we are paying for it all with a credit card. This is a debt that can never be paid off without manipulation of the value of the dollar. You know your family cannot live on credit forever, neither can this country. We have allowed our manufacturing base to leave this nation, we continue to outsource jobs, we consume 25% of the world’s petroleum, most of which is imported while we refuse to tap our own resources. We have become a nation of paper pushers while we keep our labor force on welfare and import illegal aliens to do the work. Have you tried to only buy ‘Made in USA’? Good luck. We have become a nation dependent upon foreign credit and foreign manufacturing.
Causing the dollar to plunge in value, perhaps even to the point of worthlessness could achieve several ends. Debts could be repudiated or paid in worthless dollars and the country would find itself in a severe economic and social crisis, perfect for the “transforming of the nation.” This would be, or will be, a crisis that will make the Great Depression look like child’s play. An orchestrated collapse, a perfect time to lead the social revolution, a revolution in which the advisors and mentors that currently or in the past have surrounded Obama have written and spoke about.
Why would anyone want an economic and social crisis? Because many of the radical left believe that the foundation on which this country is built upon is wrong. It is, according to them, wrought with social injustice. Changes have not come about quick enough, community organizing and court actions have not achieved their goals. In fact, many of the social justice types have decided that it will never come about within the current framework of government and within the current economic system. The answer is to rebuild, rebuild when Americans are in crisis and can only turn to the government for solutions, or so they believe. The time is ripe and the time is now. Those who are needed to lead the revolution are in place. I would suggest you read Barack Obama’s past speeches and books. Read and listen to some of his radical czars. There is no hiding of the philosophy of social justice. There is no covering up of their contempt for the capitalist system or the Constitution and its many perceived flaws. Time is short. The backbone of the US, the conservative right is awakening. The fight for social justice and the spreading of the wealth must be won before the time escapes them.
If you are placing your faith in your future on a piece of paper called the dollar or in numbers in a bank account, all backed only by the confidence of the US government, then you are headed for disaster. Since WW II, Americans have lived in the best of times, we have been at the top. But history teaches us that nothing is permanent, the world changes. We would not be the first country to see our currency go into a tailspin, nor the last. There are no guarantees in life that today will be the same as tomorrow. Wake up America and prepare for coming events, do not find yourself at the mercy of the government during the future economic and social crisis, a crisis to which the past year has only been a warning sign. If you are dependent you cannot fight the war for America, a war that has already started but will soon become very ‘interesting’ as they raise the stakes.
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Further Reading:
WSJ — Interest on the Debt
CNN — China’s World
Bloomberg — Dollar Reaches Breaking Point
WSJ — China, Russia Working on Yuan – Ruble Trade Settlement
WAtoday — Obama’s Peace Shattered As Dollar Takes Pounding
IBD — Energy Secretary Chu’s War on Business
Reuters — The Next Big Political Issue? The US Dollar
The Fourth Quarter: Our Threatened Internet
The Revolution Began Over Gun Control