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The End of the American Economy that is....Two extremely important and very under reported news stories this week that has the Writing on the Wall...
1. Federal Reserve Chairman Ben Bernanke who's term ends in early 2014 made the statement that the Fed has NO IDEA how to end QE "Quantitative Easing" to the Economy without causing the Stock Market soon to followed by the General Economy to Tank.....I'm certainly no Economist but one doesn't need to be to see what they are saying....QE is the nonstop printing of dollars which are basically worthless to buy Government Bonds in order to prop up the failing economy and keep interest rates at near zero so the country can afford the interest on it's WHOPPER of a Debt....
Just the mere mention last summer that the Fed might ease back on this nonsense caused the DOW to plummet so they quickly reversed course and said just kidding, full steam ahead boys, keep those presses rolling 27/7....This is no different than spraying starting fluid into an old worn out engine to try and get it running....As long as you keep the spray going it will sputter along but if you stop spraying the engine dies....Same with the economy and we're about outa spray....
2. Most alarming and almost unreported except by FOX News....The United States Debt has suddenly increased by almost a Trillion Dollars since the start of October 2013....(A Trillion Dollars is a stack of 100 dollar bills 62 MILES HIGH) Thats just a 6 week period folks....
....Remember the shutdown the Republicans were blamed for earlier in the Fall....What Congress finally settled on was to lift the Debt Limit and give Obama an unlimited credit card until this mess hits again in January 2014 except this time the Republicans won't fight it in order not to jeopardize the elections in November so they will let the Democrats spend us into oblivion.....It is reported that if Government spending remains at the current level the Country is on pace to increase the Debt to 22 TRILLION in just THREE MONTHS....This is unsustainable and will collapse the economy in very short order which may explain all that ammo that DHS has been stockpiling....We are in big trouble folks and I for one would like to see the Lame Street Media report on this crisis and not on Obama giving Medals of Freedom to Slick Willie and Oprah....Damn it, I just threw up in my mouth...
1. Federal Reserve Chairman Ben Bernanke who's term ends in early 2014 made the statement that the Fed has NO IDEA how to end QE "Quantitative Easing" to the Economy without causing the Stock Market soon to followed by the General Economy to Tank.....I'm certainly no Economist but one doesn't need to be to see what they are saying....QE is the nonstop printing of dollars which are basically worthless to buy Government Bonds in order to prop up the failing economy and keep interest rates at near zero so the country can afford the interest on it's WHOPPER of a Debt....
Just the mere mention last summer that the Fed might ease back on this nonsense caused the DOW to plummet so they quickly reversed course and said just kidding, full steam ahead boys, keep those presses rolling 27/7....This is no different than spraying starting fluid into an old worn out engine to try and get it running....As long as you keep the spray going it will sputter along but if you stop spraying the engine dies....Same with the economy and we're about outa spray....
2. Most alarming and almost unreported except by FOX News....The United States Debt has suddenly increased by almost a Trillion Dollars since the start of October 2013....(A Trillion Dollars is a stack of 100 dollar bills 62 MILES HIGH) Thats just a 6 week period folks....
....Remember the shutdown the Republicans were blamed for earlier in the Fall....What Congress finally settled on was to lift the Debt Limit and give Obama an unlimited credit card until this mess hits again in January 2014 except this time the Republicans won't fight it in order not to jeopardize the elections in November so they will let the Democrats spend us into oblivion.....It is reported that if Government spending remains at the current level the Country is on pace to increase the Debt to 22 TRILLION in just THREE MONTHS....This is unsustainable and will collapse the economy in very short order which may explain all that ammo that DHS has been stockpiling....We are in big trouble folks and I for one would like to see the Lame Street Media report on this crisis and not on Obama giving Medals of Freedom to Slick Willie and Oprah....Damn it, I just threw up in my mouth...
I am addicted to brake fluid...don't worry I can
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