The latest comments from Dallas Federal Reserve President Richard Fisher at the House of Finance in Frankfurt, Germany would have been considered blogosphere doom & gloom and fear mongering just a couple of years ago:
The U.S. debt situation is at a “tipping point,” Dallas Federal Reserve Bank President Richard Fisher said on Tuesday, and urged the U.S. central bank to refrain from any further stimulus measures.
“If we continue down on the path on which the fiscal authorities put us, we will become insolvent. The question is when,” Fisher said in a speech at the University of Frankfurt.
Fisher, seen by economists as one of the most hawkish policymakers within the Fed, said that although debt-cutting measures would be painful, he expected the U.S. to take the necessary actions.
“The short-term negotiations are very important. I look at this as a tipping point.”
He said the U.S. economy was now growing under its own steam, but voiced his concerns about building global inflation pressures and said it was now time for the central bank to stop pumping out extra support.
“The Fed has done enough, if not too much, and we should do no more.. In my opinion no further accommodation is necessary after June either by tapering off the bottom of treasuries or by adding another tranche of purchases outright.”
…
“The real question is when do we stop accommodation.”
“We need to continue to discuss the exit policy… but before you can tighten you have to stop accommodating,” he said.
The problem, of course, is that path on which our fiscal authorities have put us will not change. While we hear talk of spending cuts, they are but a drop in the bucket compared to what really needs to happen. While pundits would describe recent spending cuts of $6 Billion from the federal budget as unprecedented and a step in the right direction , in the grand scheme of things, they mean absolutely nothing considering our 2011 deficit will likely exceed $1.5 trillion and our overall national debt and commitments over the next 25 years are some $200 trillion. The Fed, as Mr. Fisher points out, is accommodating the US government spenders by purchasing around $75 billion a month, that we know of, in US Treasury debt.
Insolvency will become a mainstream media keyword, as first we’ll see local and state governments go bankrupt, and then, the US Federal Government itself. The other option, and in our view the most likely outcome, is that the US will not default on it’s debt, but this will only be possible with more monetary expansion, leading to more inflation and the real possibility of hyperinflation.
While Mr. Fisher argues that the economy is running under its own steam, we must humbly disagree. Any removal of Fed stimulus and liquidity will cause the house of cards to come falling down, and we simply don’t see a change in Fed or US government policy anytime soon.
There really is no easy way out of this. It’s going to hurt, one way or the other.
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Without question we are at a tipping point, and there is also no doubt in my mind we are going to tip over the cliff.
The Fed is unwilling/unable to raise rates and stop further QE. We are going to go through stagflation on our way to hyperinflation.
Our debt is too massive and the Fed is too aligned with Wall St. for it to raise rates.
We can’t be broke, helicopter Ben still has checks left!!
Agreed. Also, I think our government is far too addicted to spending to cut back. Even if they DID cut back, I don’t know if it’s possible for them to cut back enough to be effective and still “stay in business,” as it were. Lose. Lose. Lose situation.
we need to find a way to make this their problem, not ours..
because you know if they can back that train up to making it all our problem, they wont fix shit
I think we should liquidate the banks that started the derivitive mess in combination with chopping the budget, entitlements and waste. You know that congress isn’t even serious when they aren’t even going after all the waste yet.
“””Fisher said the U.S. economy was now growing under its own steam,”””
 he must be listening to MSNBC or NBC because I don’y see where it’s growing or even starting to grow, all i see is more lay off and more people in the streets. Wait til the full brunt of Japans troubles and the new war in Libya catch up to us in a month.
You do not have to be a rocket scientist to understand the simple fact that debt eventually has to be repaid – or bankruptcy is the result. You borrow, you pay.
Expect very bad things in the not very distant future. Want a crystal ball view of what it will be like? Do some research on Argentina. The Argentina situation but on steroids is the fate of the USA.
The idea that they think we are close to the tipping point just goes to show how out of touch they remain. Like the other day when the comment was made that the iPad2 was priced just like the iPad and a reporter made the comment about not being able to eat and iPad.
I’ve a sad feeling that at $14 trillion in debt we’ve already passed the tipping point.
I’d be very surprised if the gov’t imposed austerity measures. Its just not in their nature, especially with this new military expedition in Libya. Where is that money going to come from? Its insane! QE3 is next (or maybe they’ll call it QE2+) and then QE4, etc. until the dollar loses its reserve currency status and Mr Market imposes a reality check on all this bs. Â
Wash DC is on a self destructive roll and begging “Won’t somebody please stop me!?”
I sit here and read many blogs and try to have a positve attitude but, the more I read it does not seem the Gov, Fed ,or anyone will or could come up with any answers to this financial mess. I know I don’t have any answers.
So, i just reign myself to the fact that when this bubble pops, a shtf scenario will happen.
I am an older guy so I do have a paid off house but, will I be able to pay for taxes, utilities( if available),food ( have a big garden), health care,etc?
I know that I am in a much better situation than 10’s of millions of my countryman, but, I fear when this thing blows that the situation could spiral out of control very quickly.
Prepare for a drastic change in lifestlye both mentally and physically for the worse. Try to communicate with your kids and extended family if they will listen( probably won’t).
Maybe I am not being rational but I don’t think so. If anyone here can straighten me out I would appreciate it. Please give me a reason that this outcome will not occure !! God Bless James Â
It seems we’re under attack on all fronts. Story today in Newsmax says a florida judge orders a case tried under islamic law. The economy, our culture, borders, ever expanding gov control of freakin’ everything. We ARE under attack! At least now maybe them rednecks in Oklahoma don’t look so stupid for passing a law to prohibit islamic law being used in their courts…
All of the big boys in washington, the CIA, FBIÂ & the pentagon are aware of an imminent tipping point which will render our dollar toast, so this why we’re all over the ME stealing oil under the guise of “installing democracy”.
Relax everyone! We live the greatest nation of the universe, we are impervious to any social unrest, economic/financial catastrophe, natural disasters, you name it. The U.S. dollar is more valuable than the air we breathe, people all over the world worship it and flock to this country, willing to sacrifice everything to be here. So bad can it be? What is so bad about this QE, creating money out of thin air? Everyone in this country seem ok so far, they play there video games, watch American Idol, while idolizing Charlie Sheen and Lindsay Lohan.
@James – Amen! Thats what Im preparing for…thanks!
Comments…..I think there is one course of action that might save this country. I live in a small rural county (pop. 31,000). Since NAFTA, this county has lost over 5,000 jobs, all gone across the border. Multiply that by all the areas in this country with similar circumstances. We are not going to come up with some new industry to put these people back to work. The workers in Mexicao or latin america or china can do anything the people here can do, only for $1 or $2 per day. Unless we bring back the manufacturing base we will never have enough people working and paying taxes to have a chance at survival.
Gee…you sure can’t slip anything past Fisher, can you? He’s one of the authorities (Fraudulent Reserve, banksters and all corporations) that has helped to position what has become the fiscal freight train about to smack into the landslide of debt on the edge of five hundred foot cliff. There is no way the country can ever repay the absurd debt the politicians, presidents (all the way back to Truman and Eisenhower) have rung up — all in our name…there isn’t enough money on the planet to undo what has been done. We are one economic or geophysical earthquake away from the country going tits up. And since we don’t manufacture anything in this country anymore except fighter jets, tanks, cruise missiles and cheeseburgers (would you like fries with that) we are pretty much toast. It won’t be long now —
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GMAFB – apologies are long gone…
Folks, since 1980 when GHWB was vice president and the plan for the NWO was implemented, there has been NO intention to ever repay the debt. The plan is to burden the American middle class to a point where they will accept the dissolution of the US Constitution in exchange for a contract with the NWO / One World Government which they want to impose upon US>
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The US Constitution and the American right to bear arms is the only thing that stands between free people everywhere and One World Government, where your vote equals no vote! Protest In Place! Horns Across America http://www.shtfamerica.blogspot.com
Is it the Government that is addicted to spending or the general public who benefits from the largesse? We all collect some of the spending in some form or another or benefit from tax rules. How many folks benefited from the Cash for Clunkers program. I just bought a new fridge and freezer and damned if the government didn’t pick up half the price.Â
The real problem is no one has bothered to tell the public the truth…some things have to go…including our tendency to start a war somewhere about every 5/6 years. Poll after poll has asked the questions on cutting programs and everybody is fine with cutting the other guy’s benefit. Nobody or few are willing to agree it will take shared sacrafice from all to make a difference in the deficits. However, the debt is another problem and the only way it will ever get paid is a devaluation in the $ that reduces it’s value to about a 1/3 of what it is today.Â
@CDW: Not true. I want ZERO services and ZERO benefits from government. None. Zip. Zero. Nada. I’m totally happy to give up my so-called SS benefits (in less than 2 years) and everything else, if they’d just dissolve and go the freak away.
End the Fed.
End the Federal Government.
Silver to gold ratio 39.2:1
Comments…..New World Order: if you think we’re headed in that direction, you’d be right. But the thing is, I see balance of power every where I look. In our gov’t there is a balance of power, as ticked off as you might get with whichever side, it remains. And internationally there is a balance of power between east and west. They can talk about a new currency all day, but I don’t think it can happen until the balance is removed. Something must tip the scales, in order to move to the next stage of the Beast (the 4th gentile empire). The east-west balance of power is of course between Russia and her axis and The US and her allies. The tipping point will come when Russia (or whatever political entity is geographically north of Israel at the time) invades Israel from the north along with Persia (Iran), Germany, Armenia, Somalia and Ethopia. They willl of course be annilated so badly that the east is no longer a political entity. Then we will have an NWO. reference: Footsteps of the Messiah pgs. 106-125 by A. Fruchtenbaum. http://www.ariel.org
@honestann
AMEN
GMAFB – it’s gonna get a whole lot worse before it gets worse…
Stilo: I hear what you are saying but the NWO already includes Russia and China. That process continues with the IMF and World Bank and mechanisums that are slowly but surely being put in place to make it happen: which is why Russia and China, both top gold producers, buy all of their own production.
They are seeking gold parity with the USA which collected ALL the gold during World War II. The NWO will not happen, but it won’t stop the PTB from trying.
Comments…..kidd: ok, but a One World Government is a bit of a different animal. This would be an entity able to do its own bidding and rack up a pretty hefty bill. Who is going to say boo? It is interesting that it changes at some point in the future from a OWG to a 10 kingdom world gov’t. I wonder if the US will still be an entity at that point. It is interesting to note that throughout the last stages of world history (yes, it does have an end, but I’m not saying when that end will be, no one knows) there is still a freedom-loving people on earth. They are those who protect the Jews.
just me said, “”Fisher said the U.S. economy was now growing under its own steam,â€
he must be listening to MSNBC or NBC because I don’y see where it’s growing or even starting to grow”
Oh but it is, there are low paying seasonal job openings all over. Key word, seasonal. Just don’t factor the seasonal part and everything looks rosy, or green-shootie, or… Sarcasm/off.
SmokinOkie said, “…At least now maybe them rednecks in Oklahoma don’t look so stupid for passing a law to prohibit islamic law being used in their courts.”
Or maybe they do?
Some People think, “the anti-Sharia campaign is rooted in a full-scale hostility toward common law of ANY kind — and that’s what sharia is, in its broadest …sense.â€
http://www.scribd.com/doc/36387774/The-Islamic-Origins-of-the-Common-Law-John-A-Makdisi
EyeFloater said, “…What is so bad about this QE, creating money out of thin air?…”
What’s So Bad About Stimulus?
“No Such Thing as a Free Lunch… the dot-com bubble and the housing bubble should be clear indications of what happens when government money and policy drives investment into industries that otherwise would not exist in such a state…
There is no need to be an economist here. Goods and services cost a lot more than they used to, in just a portion of my lifetime. The impact to my personal financial well-being is not found in some Keynesian dead-and-don’t-care future. The impact is felt right now, particularly by those in the lower quartiles of the socioeconomic spectrum… no one should think that profligate government spending, be it on stimulus or other financial boondoggles like wars all over the globe, will only hurt folks who are yet to be a twinkle in their parents’ eyes… A Structural Transfer of Wealth…”
http://www.lewrockwell.com/alston/alston62.1.html
CDW said, “… How many folks benefited from the Cash for Clunkers program.”
Psft, I think the repo numbers are really high for that program, much like when People bought houses they really couldn’t afford, People were worse off after wards. The C4C program ended up like many others:
“On October 28, Edmunds posted a press release: “Cash for Clunkers Results Finally In: Taxpayers Paid $24,000 per Vehicle Sold,…”
http://karendecoster.com/cash-for-clunkers-duel-edmunds-vs-the-white-house.html
This is a collection of photos of the cars traded in, many in great shape and no longer available to People who could use them, say for instance, preppers:
http://www.ar15.com/forums/topic.html?b=1&f=5&t=941421
In light of all that, this was kind of funny:
Gold is a “Ponzi Schemeâ€
http://www.lewrockwell.com/blog/lewrw/archives/82979.html
Gaddafi knows the value of gold. Buy some gold or silver.
http://www.smh.com.au/world/gaddafi-sitting-on-143-tonnes-of-gold-in-libya-report-20110322-1c4cj.html
That’s a very, very complicated sounding report. So dry. Such incomprehensibly big numbers!
Lets try translating the basics of it and reporting it Entertainment Tonight “news” style so that more average people can understand what happened:
This week… on “American Economy”…
Officer Fisher shouts “Iceberg! Iceberg dead ahead!”
—-insert 4.5 minute commercial break here—-
Will Captain Bernanke be able to turn the titanic-sized “QE2” in time?
Or is it already too late to change course and avoid catastrophe?
Do Officer Obama & Purser Tim believe their ship is unsinkable?
—-break here for upcoming Charlie Sheen update—-
Watch along at Treasury Auction times for special clues!
Stay tuned for this, and the latest news on Justin Bieber’s new haircut!
And remember, watch your schedule for a very special episode coming this June – you won’t want to miss it!
Â
Comments…..
  $200 Trillion in obligations in the next 25 yeas???
  What comes after $999,999,999,999,999.99?
  Have they invented a word for it yet?
Comments…..yeah, the snowball to hell is speeding up…don’t think it is gonna be much longer before we all, prepared and unprepared really see the “in-your-face” realities of the situation. the past two or three years have only been a taste of what is to come in our not too distant future. there are gonna be alot of “confused and pissed off” folks out there who do not have the sense to get out of the rain much less the know how on taking care of themselves much less anyone else they “care” about.
DK I do not buy the idea of a NWO. The reason is that there are billions of people in this planet who have nationalist zeal for their country especially in the US. I will be damned to see the US be part of a global dictatorship. There are millions like us who believe in national sovereignty and would not follow no law except the Constitution Second the EU proved how a one world govt cannot work. First culturally we are all different. We all have differing values and we cannot unite in one purpose for world govt. Economically the rich nations would have to support the power nations. When that happens the rich countries go bankrupt and the whole system goes into chaos just like what is going on in the EU. The PIIG nations are being supported by Germany and France meanwhile these nations will go bankrupt and the whole euro experiment will go to ashes. Also there will be massive revolts against such an idea of one world govt. They can try but they will fail. There is too many people,too many countries,differing cultures to have a one world govt. They can try but it will fail big time.
Gadhafi is crazy like a rabbid fox, the president of the United States is learning as he goes. I’m glad I didn’t vote for him.
Anyone who is worried about QE3 or higher can relax. If you read what helicopter Ben wrote when QE2 was announced, he said it plain as day. At least 600 billion would be spent by no later then June. It mentions nothing about stopping, just that it would be spent no later then June. And that at least 600 billion would be spent. They’ll just increase the amount and put out another future date for the next batch if they even publically announce it. Cause, you know, its not like important is it? This way it can be done quietly to keep Wall St. high on free money.
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So relax, QE2 should be the highest we go in number 🙂
Fisher is a hypocrite who talks the talk but won’t walk the walk.
Gee DICK … must be too much hassle to buck the powers that be directly.
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So much easier to talk tough and then sissy out and vote with ben and the group.
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Ok–let’s be realistic about everything–the current situation is utterly unsustainable and NO politican from any party has the balls to do anything about the debt situation until forced to. That much is a given. What is also a given is that, at least currently, the United States has THE largest economy in the world. China is second. Japan is third. For now.
What that means is the US is not going away overnight in a frenzy of hyperinflationary pixie dust. It simply cannot and will not. What WILL happen is a continual, but gradual devaluation of the US dollar–much akin to the frog sitting in gradually boiling water and thus doesn’t realize he is being boiled. All the while, China, India and Russia will be preparing to supplant the US in terms of the size of their economy and the value of their currencies.
the ONLY thing that could possibly arrest this progression, and in my opinion stop the dollar debacle and stop the debt accumulation is full scale unadulterated development of US domestic energy reserves. We free ourselves from mid east dependency and that is a GAME CHANGER.
Politicans however will only do the right thing once eveything else is tried and fails.
MA: Just because you don’t buy the idea of the NWO doesn’t mean it doesn’t exist. Its all around you, wake up! Its called the UN, the WTO, NAFTA, the NAU, the World Court, the IMF, the World Bank, the G-7, the G-20, and the Central Bank of the Central Bankers for starters.
If you want a complete list try the bottom of the SHTF America landing page.
My Hope is the American people have enoungh spine to support the morals our grandparents tried to instill in our parents and maybe we have had (some of us)some effect on our children. My dream is that the Fed Res will be exposed for the criminal enterprise that it is, then charged with RICO, and all the funds that have been extorted from the American people that bought all the worlds corporations and most of the governments for the past 100 or so years, will be ID’ed and fought til’ forefiture to repay the fraudulent national debt of this county I love. My nightmare is the reality we find ourselves in, but I do have hope!!!!
God Bless. Prepare, Pray for Peace, and have a well regulated militia (well outfitted) Every adult male between 18-45 and chicks too. Of course I’m married and she says she shoots straighter!!!
MA<
What your not thinking about, is all the bad stuff that is going to happen to make even the most devour patriot forget all about his zeal for his nation. So much torturous pain is going to be unleashed on the world that men and women will beg for it to stop, the wars, killing, hunger, pestilence, plagues…you name it. They will be willing to accept anything, even from the devil himself in exchange for some security, a weeks wages, food, some sense of normalcy. Oh yes a OWG under a NWO is coming and like DK said in some forms has already arrived. Many things are already in palce and just waiting for the green light…even here in America 🙁
I’m with Durango on this.
The plan for a NWO has been in place for decades, and you’ve got to change your thinking on this. Â When folks start debating the ideals, policies, laws, economics of what one country is doing and how it makes or doesn’t make sense, you are falling into the ploy of their distraction. Â Calling Bernake an idiot just implies you think his moves are haphazard, bad for the country, and if he stops, we can turn this thing around…Not a chance!
MA- you said, “DK I do not buy the idea of a NWO. The reason is that there are billions of people in this planet who have nationalist zeal for their country especially in the US.”
There won’t be BILLIONS of people left when the NWO is implemented. Â There will be unprecedented amounts of death and suffering WAY before then…Then, those left, (despondant, hopeless, beaten down) will be given a way out..A choice. Â You buy in to the NWO and all of its promises of prosperity & (false) peace and all you have to give in return is your soul. Â When 100’s of millions of people have been scrounging by on less then 300 calories a day for months, you can forget all that talk about “nationalistic zeal.”
This stuff your witnessing in Libya & Egypt where the masses are coming together and are full of vim and vigor will be non-existent. Â The landscape will look much more bleak then those well-fed, energetic, well organized protests/riots…
In conclusion, we are witnessing the last phases of their plan…The total bankruptcy of every nation on Earth (as close to simulaneously) as they can. Â Tsunami’s like in Japan (which have nothing to do with them, unless you believe it was triggered by HAARP) only expedite their time tables as the 3rd largest economy is now on its belly and is showing no signs of getting off the mat soon. Â The deadly combination of multi-soverign defaults and extreme weather phenomena put ALL of us in the precarious position of life and death…
For me and my house, if its life…Fine. Â If its death, well that’s ok too.. So long as you cling to Jesus, death is nothing to fear. Â May you ALL come to know him, and that right quick.
Dad
Clark-thanks for the link. It was an eye-opener for me. Shows me I still have much to learn.
SSPXER- after trillion comes quadrillion (1 followed by 15 zeros.) Then quintillion (1 followed by 18 zeros.) Of course the only way we’ll ever use these numbers is in reference to our future currency, as in “that gallon of milk will cost you 16 quadrillion dollars.”
And here’s an interesting note- many years ago, long before the internet existed, the term “google” was invented. It’s just a made up word but was coined to mean 1 followed by 100 zeros! No kidding.
The only ones to blame are ourselves. We have been a bunch of dumb fat and happy idiots for way to long. We don’t vote, and if we do, we elect the politician who promises the most stuff. We don’t play with our kids anymore, Ipods and Wi’s do that for us now. We don’t go camping or to the park because reality TV is on right now and we might miss something that fat ass Oporah has to say. We don’t get to work on time if we show up at all and then blame the boss for firing us. We have become a bunch of pathetic losers. We are the ones to blame!
When QE2 ends, assuming that they can’t find some way to justify QE3, since the government debt addicts MUST HAVE their next “fix” you will at that time see them mandate that all retirement accounts have some percentage of their funds in “safe” U.S. Treasuries. This will make up for the removal of the Fed as the purchaser of only resort for U.S. Treasuries. Of course, those retirement funds moving into U.S. Treasuries have to come from somewhere, so you will see Stocks and Bonds and ETF’s and commodities all get crushed, which will likely start us back into a deflationary spiral (so inflation will not be a problem, at least not in the short term). And so everyone will lose except the government debt addicts, who will get their next “fix” and will have kicked the can (for their own pain) down the road a little bit further.
Comments…..There has always been an impetus toward a NWO. Ever since Nimrod and the tower of Babel, man has had a proclivity toward it. It is tied in very much with the occult. But I think many people are ignorant of its roots, as with GW Bush and his “a new secular order” speech.
A One World Gov’t we haven’t seen yet, but it is coming. You’ll note that we still have national entities. And currencies. And languages. I don’t think anyone but God will be able to change the lingual thing, as he will in the Millenial Kingdom under Messiah Jesus, when we will all speak fluent Hebrew, as Adam did in the Beginning. Hey, I know these are radical ideas, but stretch your mind, man. If you are Catholic, you believe that we are already in the Millenial Kingdom, with Christ ruling, so to speak, from above. But there is no reason not to take the Scriptures literally on this subject, with Christ ruling literally on earth.
This may not be the time of the change from balance of east-west power to a OWG, but it IS coming. And then a 10 kingdom world gov’t, and finally the rule of a really smart Hitler-type figure who persecutes all who don’t worship him and all the jews and does what hasn’t been done yet: rule the entire world with an iron feet and teeth.
1. Roman empire (to 365 AD)
2. east-west balance of power
3. OWG
4. “10 kingdom” world gov’t
5. Antichrist’s rule (marking the end of gentile rule on earth)
followed by 1000 years of the Kingdom of God on earth (Ps 2, ruling the gentiles with a rod of iron)
F\/<KIN’, DUH!
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How expertly profound the analysis.
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Your average housewife is succinctly aware of the logic, though not prone to express it in ‘Harvardese’ using 10,000 words or less.
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Comments…. Do you know what you get, when you combine,Durango KIdd and Yourdaddy????you get (DURANGO DADDY) AND (YOUR KIDD) Two of the biggest, baddest hombres south of the mason dixon line.sorry couldn’t help myself!!
@SSPXER
Â
>>>
“$200 Trillion in obligations in the next 25 yeas???
What comes after $999,999,999,999,999.99?
Have they invented a word for it yet?”
<<<
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They sure have, and its ‘quadrillion’. And we far exceed it some time ago…
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Will the US taxpayer have to pay the 1.5 quadrillion derivatives …
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—-
Anonymous said:
The only ones to blame are ourselves. We have been a bunch of dumb fat and happy idiots for way to long. We don’t vote, and if we do, we elect the politician who promises the most stuff. We don’t play with our kids anymore, Ipods and Wi’s do that for us now. We don’t go camping or to the park because reality TV is on right now and we might miss something that fat ass Oporah has to say. We don’t get to work on time if we show up at all and then blame the boss for firing us. We have become a bunch of pathetic losers. We are the ones to blame!
————————————
I have to say anon, you are quite the irresponsible citizen. I don’t fit into any of the categories above. I live my life fairly simple. I rarely turn the boob tube on, I voted for the right candidate but the cocoapuffers out numbered me. My kids are grown, have respectable jobs and they go to work – on time. I don’t blame myself for other people’s actions though I have to suffer the consequences of them. That is what sucks. In the meantime, I’ll continue my life as I see fit and will support my kids in whatever way I can. They’re adults–responsible for their own actions.
SSPXER: I think they may have to finally invent a real “gajillion”.
I thought I should add the rest of the story, regarding what I think will happen when the QE milk cow runs dry and the government debt addicts latch onto the retirement funds milk cow for their next “fix”. I didn’t say that, in the short term, doing that would “solve” the inflation problem and also tend to keep interest rates low (since no one borrows in a deflationary environment) and “save” the U.S. Dollar. But to finish the story, as the deflationary spiral deepens, caused by the transfer of all of those funds to U.S. Treasuries from all other asset classes, as people’s retirement funds are crushed, the government debt addicts will mandate that an ever increasing percentage of retirement funds be allocated to “safe” U.S. Treasuries (for the “protection” of people’s retirement savings, naturally). That will last 2, maybe 3 years, after which that milk cow will begin to run dry as well. Since the government debt addicts MUST HAVE their next “fix” you will begin to hear loud cries that the deflationary spiral was caused because “quantitative easing” was ended prematurely and must be started up again in a big way (ignoring the reality that it was instead because of the government’s debt addiction). Those loud cries will eventually win out and “quantitative easing” will begin again in a big way. At that point inflation will begin to skyrocket again and we will likely experience the hyper inflationary collapse that so many are calling for in the short term.
@ Goldenfox, I should have been more specific as to who “we” are. “we” are the cocopuffers, liberals dogooders, the dumb fat and happy bunch and so on.
You and I are outnumbered. I have voted in every election since I was 18 and always for the person I thought would do the correct thing, whether they would win or not. I own my business and drag my butt out of bed at 4:00am every morning. I prepare when others do not. If I do watch TV, it is usually something I can learn something about. I read alot and not tabloids.
The “we’s” out there are the problem and have been for way to long.
Thanks to those in charge WE ARE FALLING INTO ABYSS!
There’s No Turning Back – It’s Too Late For That!
Don’t Prepare At Your Own Risk!!!
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VRF Said: “we need to find a way to make this their problem, not ours”
Exactly right. That is the ONLY way for individual Americans (who are NOT represented by their Representatives) to survive this mess. The way you make is their problem is by owning gold/silver, getting wealth out, and not buying consumer crap (conserve your capital for later).
Mardochee Said: “I will be damned to see the US be part of a global dictatorship.”
Did you notice who ordered the US military into the “war” in Libya? It was UN, not the US Congress. You and me are “represented” by voices in Congress. That’s what representation was supposed to mean. So by the UN ordering the US military into war…that’s ALREADY global dictatorship. these things happen in baby steps. One day it’s the UN controlling US troops, the next day it’s a governor getting the power to dissolve your city government, then maybe it’s making a law against selling milk/eggs to your neighbors, then it’s no warrant needed to search a property…..it’s baby steps.
Comments…..to James Warbler: you might consider taking the advice: believe in Jesus.
If the U.S. did not fund the UN it would vanish. Wake up people, the U.S. IS the head of the global dictatorship. Keep doing your part to fund endless unconstitutional wars, fund dictators in foreign lands, support the UN, abortion, and all manner of unjust laws that you disagree with via taxes. As long as the internet exists you’ll at least be able to get together and bitch about it; maybe somebody somewhere will do something………………..LOL
Panic selling of US dollar could happen quickly – King World News
Dboy:  I couldn’t agree more, the UN runs our guv’ment.  Politicians are lower than cockroaches and not  useful in any way.. several in Ala. are going to trial (state level) for bribery/mail fraud/corruption next mo.  which can be googled in for more info.   Scum bags/greedy bastards is names for useless politicians who don’t represent the people at all, since the UN agenda is in power. next on the agenda is a gun grab for full control fascist guv’ment.
kaynine: No offense taken. You youngsters would be wise to listen to your elders. Size matters and experience counts. 🙂
once again durango  child does not really read another posters comments before shitting from his mouth, mardochee said they may try to implement a NWO but it won’t work, far cry from you accusing him of saying it doesn’t exist. once again your inferiority complex is showing in your obnoxious attempts to ridicule people who don’t have your (very often wrong) view of things…….
IT SIMPLY AMAZES ME HOW FK’D UP AMERICA IS… BARRY SOTORO BARACK I TAKE IT IN THE BUM OBUMA is an illegal resident, and illegal alien, AN ILLEGAL PRESIDENT!
WTF! WHERE THE FK IS CONGRESS, WHERE THE FK IS THE SUPREME COURT???
OH THATS RIGHT – THEY’RE ALL PAID OFF BY “”AIPAC”” israel’s pimps AN/ Da JEWS OF ISRAEL!!! BOUGHT AND PAID FOR!!!
PATHETIC AND SAD!
AMERIKA IS NOTHING MORE THAN A LIE!
IF YOU ARE A TRUE PATRIOT ARM UP STOCK UP AND PREPARE!
THE DAY WILL COME TO TAKE UP ARMS TO TAKE BACK AMERICA ONE STREET AT A TIME!
THE TIME TO ARM UP IS NOW!
the funny part is “”your taxes”” are paying for Barry’s”” bum boy”” “”” reggie love!!!!””
His quote unquote – GAY PERSONAL TRAINER – maseuse!!! lol ;0) your all morons and your living a lie! Keep payin’ your taxes – Reggie needs a raise!!! lol ;0)
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DEAR, NWO Debt Slaves, QUESTION FOR YOU???
ARE YOU AN AMERICAN TAX PAYER, YES!!! YOU AREÂ a NWO DEBT SLAVE!!! AS AN AMERICAN TAX PAYER DO YOU REALIZE YOU ARE FINANCIALLY SUPPORTING GAY PROSTITUTION???
“”FOR SHAME ON YOU NWO ORDER DEBT SLAVE!!!””
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WHERE’S YOUR MORALS , GAWD DOES NOT LIKE HOMO PROSTITUTION! ALL YOU NWO DEBT SLAVES ARE GOING TO HELL!!!
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Why??? Cause your taxes pay “”Barack I Take it in the Bum Obuma”” aka “barry sotoro”, your illegal alien illegal El President’s Obuma “”BUM BOY”” Reggie Love’s”” …aka Obuma’s gay personal trainer/ sex slave – Salary at the america brothel known as the “”White House!””
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So while your out on the street starving, homeless, penniless , about to loose your home by an illegal default on your mortgage! Thinking about suicide or robbing the local food mart, just to eat!
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BARACK OBUMA IS living large “”BENT OVER THE OVAL OFFICE DESK, IN THE OVAL OFFICE OF THE WHITE HOUSE!””
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SCREAMING – “”PLEASE REGGIE MY LOVE! MAY I HAVE ANOTHER!”” grunt ggrunt squeel… lol ;0)
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*personally – I prefer my taxes payin for and the picture image of “”Bill I’m a murdering Druggy Whore Clinton””, getting a BJ from Monica I’m a fat BIG MOUTH piggy Lewinski than the previous image of our gay ilLegal prez OBUMA and his real bum boy desecrating the Oval Office Desk, where Marilyn Monroe did her best work for JFK , Robert Kennedy and America!!!
Keep payin your taxes NWO Debt Slaves! Reggie Love needs a raise!!! lol ;0)
“GAWD Bless Thee Reggie Love!” For all you do for Gawd and Country! Now smack that ILLEGAL ALIEN PRESIDENTIAL ASS! ;0) LMAO
your all suckers… livin’ a lie!
Baaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa! Sheeple!
ARM UP STOCK UP PREPARE… PREDITOR OR PREY, THE CHOICE IS YOURS!!!
and remember… “Don’t shoot Till You See the Blue of their U.N. Helmets!!!”
AND to all you Boy’s in uniform REMEMBER…
Obuma YOUR Illegal Commander and Chief ; just loves you boy’s all sweaty in uniform… NOW STAND your lil’ Soldiers at ATTENTION for his Inspection – Atten’ HUT! lol ;0P
America is soooo Fk’d!
-TRUTH!
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Comments…..It is rumored to me that the Rothchilds are worth 42 trillion. I and people like me worked for a dollar and all we got was a piece of paper. I suggest we demand and if necessary take by force one ounce of silver or its equivalency in gold for every one of the damn federal reserve notes we hold and if that isnt enough take all banks assets including their real estate and the bankers personal property.
NWO U.N. Blue NAFTA DHS – COP KILLER
Bye Bye American Pie!
I shot and killed a NWO U.N. blue Cop with my .45 semi-auto black glock today… a Disabled, Homeless, Cold and Hungry Veteran… I deserve more than this… now I live beneath a bridge… why? why? why?
I had done my time… stood my watch upon the wall; a Gaurdian of Liberty… now a cop killer?  Running from the Law… why? why? why?
The false NWO IMF homo druggy prostitute barry soetoro- a.k.a illegal president Barack Obama and AIPAC israeli jew controlled U.S. congress… stopped my Social Security check the other day… on april 8th, 2011… they broke america’s piggy bank… gave away the pennies to the banks and told me “sorry” none for you! You are Many! And We are Few… MORE FOR US! None for You!
I am a Disabled Veteran… I once Served My Country with Honor and Pride.
I killed a NWO U.N. blue NAFTA DHS Cop Today… why? why? why?
 I had robbed the local Korean corner store… while the radio on the shelf played “Bye Bye American Pie”… I’d only pocketed a milk, hot pocket and a pie… ran by the screaming korean clerk for the open sky… hopped on my ex neighbors kids pink huffy bike… peddling in a craze… hauling fast down the lane… making my one handed get away… thinking “bye bye american pie”… smiling in mirth… while with my other hand grabbing from my shirt, a half frozen Hot Pocket… then a crushed Moon Pie… shoved both gleefully in my mouth… I had gotten away … then I sweared “shit!”… it all dribbling down my beard… I thought; I shoulda done like Ben Bernanke… and taken more, more, more…
Then down the way… my calves screaming in pain… I slowed down… a mistake… I’m screwed now… an NWO U.N. Blue NAFTA DHS Cop car pulled up behind, tires screeching… siren blaring , lights a twirling, screaming over the horn “PULL THE HELL OVER!”
At that time… I said to myself “FUCK IT!” an thought “I’m homeless cold and hungry”… this Asshole Cop isn’t gonna do me like “Rodney King”!… “The NWO U.N. IMF Fuckers did this to me”… I skidded to a stop “swiiishhhh!”… planted my worn out boots upon cold concrete… reached into my sweat soiled pants waist… an pulled my cold heavy .45 glock like slow dead weight… fingers numb… pointed it at the windshield of the NWO U.N. NAFTA blue patrol car… looking the Cop dead in the eye… I recognized him, he use to be nice to me, always smiling when we met on the street… Officer Friendly, now wearing NWO Camo Combat Gear, with U.N. Sky Blue Patches… once our neighborhood hero… here to “Protect and Serve”… now no more… now he is a DHS Federalized Thug… a NWO U.N. NAFTA blue Storm Trooper Whore… ordered by our illegal false president obama to “Punish and Enslave!”
And while the innocent child in me… kept asking… “why, why, why ?”… the newly found stone cold cop killer in me… didn’t bat an eye… I aimed an pulled the trigger BLAMÂ BLAM BLAM 1,2,3… right through the windshield… into the NWO U.N. blue NAFTA DHS Whore’s red screaming face!!!
There I stood astride my pink huffy steed… staring dead pan at the car’s brown vinyl covered rear seat, red blood, white bone chips and grey pink brain matter splattered over it. Staring through the shattered windshield and GAPING red hole that had been a human face.
Humming to myself “BYE BYE AMERICAN PIE”… thinking “I’m still Hungry!”
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author after note: Wake up America, there are foreign troops and american traitor troops under the United Nations blue Flag, NAFTA blue Patch and IMF Bank Control right now; at this very moment here on American, Canadian and Mexican soil. Just waiting for our Illegal President Obama to call MARTIAL LAW! Upon which time they will invade america and place you all; america under their U.N. NWO IMF military control. It’s either YOU or THEM!!! U.N. AGENDA 21 is here!!!
NOW is the time to…
Talk to family and friends…
ARM UP STOCK UP PREPARE
PREDITOR OR PREY THE CHOICE IS YOURS!
And remember all US POLICE and SHERIFF DEPARTMENTS , NATIONAL GUARD TROOPS ARE NOW FEDERALIZED UNDER U.N. NAFTA FEMA DHS-UNITED NATIONS CONTROL!
They are not here to protect you! They are here to disarm you – “Punish and Enslave!”
To Force you all under their one world government control – NWO Debt Slaves one and all!
U.N. AGENDA 21 is here!
… spread the word.
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