A slave nation once known as America now needs bailouts

The government is about to let the taxpayer bailout all the greedy gamblers that have been gambling with your investment money for many years and have now run out of luck. Don’t just blame the gamblers and the corporation heads that hired them either. They were hired because people who had stock in these companies expected unrealistic returns year after year. If you expected ten percent on your investments each year or if you bought a house that you knew you could not afford on the speculation that it would go up in value then look in the mirror the government is actually attempting to bail you out

It is going to be much like the saving and loans bailout of yesteryear magnified to a much larger scale. In fact no one knows how much this is going to cost the American taxpayer. It will probably cost trillions. The power brokers say they have to do this or the whole system will collapse. That is correct, but maybe it should collapse because the national debt will soon bring the living standards of everyone in the United States to that of a second world nation anyway. Who gave the federal government such powers and why was the American system allowed to become a Federal Reserve Bank protectorate?

The government now realizes that it cannot keep bailing out one company at a time or the stock market will crash and the whole house of cards will come down and many will lose most of their investments. That is politically not acceptable so they are going to create an agency that bails out all the bad debt.

The joke is that Congress and the President have been trying to save a billion here and a billion there for years in order to keep the budget deficit as low as possible but in one huge bailout they will add more to the national debt then they saved by their budget cuts over a lifetime. Most of these same jokers will then come back next year and play the same game again by talking about reducing the budget deficit while the bailout will cause the deficits in the next few years to far exceed any in American history. It is simply nuts.

In order to appease you in this downturn they will add more tax cuts and give us another stimulus package that will add even more hundreds of billions to next year’s deficit. It is like giving everyone on government assistance food stamps to keep them in T-bones.

They will also put all these failed corporations under government control and bring in control boards to manage them. So we will have free enterprise replaced with socialist bureaucratic decree. Those restructured bureaucratic controlled corporations will be a disaster in the making and the taxpayer will keep paying more billions for their continued losses.

Don’t worry be happy, your not going to have to pay this debt burden just yet because we can’t. So it will all be financed. That means we will have to acquire more loans from foreign nations to finance our increasing national debt. That also means the U.S. will become more dependent on countries like China and the oil rich nations that acually hate us. Anytime they wish to force us to do their bidding they will have a huge debt club to pound us over the head with.

The Bible says the borrower becomes the slave of the leader. The U.S. is becoming a slave nation because it will be totally dependent on other nations that will not allow us to be free.

So add a trillion here and a trillion there and pretty soon we are borrowing more than the loan sharks wish to lend us. Then we will have to promise them higher and higher interest on our debt in order to get the loans. We are about $10 trillion in debt right now and this bailout and the economic downturn will cost us at least two trillion more debt within two years. That means we will be paying interest on over $12 trillion every single year. Even at 5 percent interest the cost will be $600 billion a year and I doubt if interest rates will remain that low.

Add the fifty trillion dollar entitlement bill that is coming due in the future and there is simply no way that the U.S. can go on without doing one of two things and either one will bring this nation to poverty. The first is to default on our debt to other nations and the second is to print more money and cause the dollar to be worth far less. We cannot really default or we are finished in this world so be prepared for double digit inflation for decades to come and do not expect your earnings to keep up. In fact, expect a standard of living in a decade that is about half of what you have today. The government printing more and more dollars will weaken the dollar bringing hyperinflation so then the outstanding debt will either become a smaller part of the GNP or the lenders will stop lending. If they stop lending we are also finished in the world. So the future for the U.S. is hyperinflation or isolationism and depression that will make the 1930’s look like the good times.

The government may have bailed out the economic crises this year but doing so will just make a much worse economic crises in the near future. I think all the greedy pigs in the banks and brokerage markets and all the fools in government and all the people who elected them deserve the Demented Delusional and Dumb Club award. The greedy slobs and their bought and paid for representatives in government deserve this award for killing a once prosperous free nation and making it a socialist slave nation. Congratulations!

So how do we go back to free America? We cannot, unless the slaves escape the nation  controlled by the globalist elite.