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.
Date posted: Thursday, September 18th, 2008 10:45 pm | Under category: American patriot topics, Demented delusional or dumb club of the week award, Globalization, The greedy, constitutional issues, economy, socialist
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So how do we go back to free America?
We don’t. It’s just that simple.
I’ve already lost about 15% of the earning power of my salary, and my employer has no intention of keeping up. If I was less of a professional, I would lower my (very high) productivity and divert my efforts to where they will be compensated. Due to circumstances I’ve mentioned before, we live on the “edge” though we live quite modestly, so I may need to adopt this strategy though I find it repulsive.
I think young-adult to middle-aged American Christians need to face the fact that they will never retire, and their most productive labor will be confiscated by (and wasted upon) the desperate policies of our elites. Bitter as this is, it’s probably a blessing in disguise in that we well be forced to become dependent on Jesus. Certainly He is our “death benefit,” but He will be recognized as the true owner of the wealth we acquire, and our true provider.
Hang-on brothers and sisters, it’s about to get VERY ROUGH. This will be a new opportunity to shine for your non-believing friends and neighbors as they see us live in dependence upon our Lord.
The Fat Lady is now singing. The party is over.
The true Church in America will now get the discipline it lacks but discipline is painful.
Interesting note, the companies in question that are begging for a bailout just happen to be the companies that profited from the real slavery of the previous centuries. The Bible says, “you reap what you sow”.
Check it out if you will, AIG, Lehman Bros, the list of companies that are now in trouble haven’t changed their ways. At least without a bailout, they would have finally been laid to rest and we would be able move on.
Instead, we continue to enable the dysfunction at the root of our society to fester and boil.
All these companies will continue to saturate this entire continent with a disease called “Free Trade”. Cheap goods and wares continue to flood not only into the U.S, but Canada and Mexico as well. The governement is the cause of these cheap goods since it regulates and deregulates these companies as it sees fit. If not they audit you for IRS purposes or regulate additional laws that cost you $$$$$.Perfect example: U.S Customs and U.S Border Patrol uniforms are “Made in Mexico”. This happened right after the “Bush” administration came into power and turned our agencies into a useless beauracracy that keeps spending billions of YOUR dollars on a “War on Terrorism”. They had to do something since all the Billions of dollars they were spending wasn’t winning the “War on drugs”. They should have left Paul O’Neil (at that time) Secretary of Treasury” alone. We were collecting duties and tariffs on foreign goods and wares. Even tonnage tax on large foreign vessels. However, they replaced him with a “Yes, Sir. man and look whats happened. Everything that enters the U.S COMMERCE is free. To top it off NOW they have manadated that all U.S Citizens to buy a U.S passport at $130.00 for travel overseas. This will pay for all those lawsuits brought on by illegal searches and seizures.. While at the same time illegal mexicans continue to invade and flood this country where they receive free health care, medicaid and free lunch programs…..You can believe that. .However, if you are a foreigner from Bosnia, Serbia or Croatia you can ener the U.S for 6 months without a VISA. (They have supportive troops with ours in that middle east war and Bush rewarded them for this support). I wonder how many of these serbians/bosnians/croations were terrorists in their own country???? CBP will never know. Endorsed by your president and congress. You do not have to be a U.S Citizen to open a bank account in the U.S. Everything you do is regulated to benefit special interests and outside “Foreign interests”. This (of course) is endorsed by the U.S Government which is controlled by the Federal Reserve. What has Treausury secretary Paulson done about this? DUH. DUH. DUHHHHHHH…..My house is paid off so I will not be punished like so many others who have been “trapped” into credit scams and/or loans that cannot be paid back. They would rather take everything that you have rightfully earned and give it away to someone who YOUR government has promised to a foreign investor who does not even live in this country. Or speak English. Yup. Thats your government hard at work. I have charged the U.S Government 16% interest for its IOU’s since 1986 when I began working. I am keeping track of what THEY OWE ME SINCE it keeps promising while it continues to spend money like a crack addict to its habit. This is a seditious and greedy act of “Terrorism” when your Government created this economic crisis and NOW WANTS YOU TO PAY FOR IT? By the way. As we speak MUCH of the gold has been removed from Ft. Knox and transferred overseas to pay off THAT BAILOUT. Just as was all the Gold that was in the vault beneath the world trade center AFTER the attack was removed and shipped where? And the whole time you were watching the building burn and collpase? How much gold was beneath that building in the vault?This is all criminal and seditious and treasonous acts against the U.S. Nothing more.
I say a prayer for all my brothers and sisters through these times. God is great.