Read What I See

 

     It has become obvious that Washington cannot fix itself and eventually it will be the people who will do it.  Did you read this economic forecast yesterday?  Who really believes that they are so incompetent that did not know it would be worse than projected?  Many already know that they are grossly downplaying the true chaotic status of the economy.  In reality, it is probably worse than reported but they are tampering with all of the indicators that have been used in the past in order to paint a bright picture of a gloomy future.  Their forecasts are for the fools that still believe that our government and politicians on both parties are being truthful to its people.

Follow up:

     Take unemployment for instance and visit this link to best understand how the Bureau of Labor Statistics figures the unemployment rate.  If you understand how it is rated, we can see that technically the unemployment figures are much higher than reported.  The April 2009 unemployment rate as reported in the Bureau of Labor Statistics website publishes the (U3 - 8.9%) and (U6 - 15.8%).  Those who fall under the U6 category would rightfully argue that they are also unemployed.

     Our government has managed to stop a sudden collapse of our economy and many economists forecast that it will turn it into a slower but ultimately even worse collapse.  Have you prepared for it?  China is preparing for it and are dumping the dollars as quick as they can in exchange for anything that will hold its value for the dollar will not.  They are dumping the dollar and buying gold, iron ore and other commodities.

     If you believe that our country is facing hard economic times and that the debt that we are incurring and the trillions that the Federal Reserve is printing is unsustainable then diversify from our currency.  Gold, silver, commodities anything that can be bought now while the dollar is worth something is a good way to prepare.  Debt in other than real estate is not a bad thing in today’s economy.  If we go thru hyperinflation, debt will only be worth a fraction of what it is today.  If you lose your job or your money in a pension, 401k, Social Security benefits and everyone is in the same boat no one will pay the debt and most likely there is little legal repercussion that would arise from it.  Only mortgage payments need to be made for your property can be taken.  If you are underwater, it may not be worth keeping it.  Automobiles could not be repossessed if 20 million people stopped paying.  If gasoline were to jump over $5 per gallons, it could cost more than $50 to drive 100 miles for the big SUV drivers.  Most likely many would just stop paying for them and let the banks take them back.  What would the banks do with those cars if there were no buyers for them?  Where would they find a parking lot big enough to put all of these cars?

     In summary, if you can finance a needed car or have good enough credit to get no payment, no interest deals for 12 months it may be worth considering for that debt may be worth nothing by the time you have to pay it.  In addition, they cannot take your home if you are unable to pay them, especially if it is because our government screwed it up for all of us.

     These lawyers in Washington think that all of us are stupid because we are not up there with them.  They think that the people cannot handle the truth or don't know what is best for our country.  That is why decades ago they came up with the Council on Foreign Relations and The Trilateral Commission to control the people and give them the illusion that they have a voice when they vote every four years.  The election of our political leaders is like going to a restaurant, not finding in the menu what you would like end up ordering something that you didn’t want.  We get to vote for whomever the CFR puts on the menu and whom we want does not get on it.  It is they who determine who can run for office and who cannot.  They think that we don't know that they screwed it up for everybody this time and that we are not capable of taking the power away from them.

     The TEA Party movement is preparing and organizing for the July 4th rallies.  The rallies that were held on April 15th showed that the people can unite out of dissatisfaction without Political Party representation.  All that is needed to rein our government and to take control again is to UNITE.  Unfortunately, not an easy thing to do for they put a lot of effort into dividing us, but it can be done.  If 50 million people together in protest decided that they would not spend any money in other than bare necessities, it would not take long to break the backbone of government at all levels.  Revenue loss from sales tax alone would be a nightmare.  Tax revenue losses would run into billions nationwide in a short period of time.  We would then see the Federal Government going out of the way to make concessions and purge some of their own.

     Have you had enough?  Who says that it can’t be done?

After 80 years is history repeating itself or is it going to be worse?