I have been saying ever since the green shoots statements that there is not going to be any real recovery under this administration. The last economic news is pretty bleak. Official unemployment from the government is back up to 9.1 percent and real unemployment is double what they report. I read where the average production non supervisory wages are less than $9 an hour in this country. Try supporting your family on that and those are the people who are working. Food prices are way up and both Costco and Wal-Mart have said higher prices are going to have to be passed on. I am sure you have seen the prices of meat. How are working class families supposed to pay for it? Even bacon is now $5 a lb and fatty hamburger is $3 lb. Maybe I should raise my own meat, but government is intending to make that impossible through regulations as well.<\/p>\n
The government says there is no inflation but there is plenty of inflation for those who have to buy the basics to live. Those on fixed incomes are certainly already in a depression. Health insurance is way up thanks to Obamacare. Oil prices are way up thanks to Democrat drilling policy and the EPA, and the Obama administration support for these Middle East “democracy movements” that are not even possible, in these Arab nations. It is pure fantasy to think that people controlled by Islam, hate, tribal warlords and military force can have democracy. Even if they elected someone by popular vote in Muslim nations, it would instantly become a tyranny of the majority.<\/p>\n
Housing prices are now below the lowest point since the downturn started over four years ago so we are in an official double dip in the housing crash. There are about 4 million homes that will go into foreclosure in the next two years, that will keep prices falling. There are\u00a0 probably 10 millions homes that people wish to sell but will remain in the shadow inventory until people get decent jobs to buy them. The prices of housing might bottom out next year if the economy actually picks up and interest rates stay low, but one or both of these possibilities will simply not happen. The average value of homes has now already fallen more than it did in the great depression.\u00a0 Other than the homeowners losing their homes and their equity in their homes the Federal Reserve and some banks holding these notes will also lose. They are holding trillions of dollars in notes on home loans that they will have to sell for 50 cents on the dollar to get rid of them. And as long as they keep these notes they won’t be collecting premiums from the millions of people that are living in these homes but are paying them nothing. It now takes two years to foreclose on a house, meanwhile taxes and insurance must be paid by someone. Don’t be surprised when the taxpayer is stuck with more bailouts.<\/p>\n
Now that the trillions in government stimulus and quantitative easing are running out, that in itself will slow down the economy. If Republicans force cuts on top of that they will have to make most of the cuts in the distant future or the economy will contract. Yet, if the government does not make drastic unpopular cuts in the welfare state and entitlements, interest rates will rise and the economy will also then contract into a great depression. The only alternative is continued quantitative easing which would continue to weaken the dollar more and bring hyperinflation. Quantitative easing (just making more money) might kick the can down the road until after the next election but the inevitable crash it will bring will be even worse.<\/p>\n
Also keep in mind that parts of Europe are also an economic basket case and Japan is going to default at some point, they just don’t know it yet. Even the emerging world is overbuilt and now has a problem with inflation. That all makes for a very unstable decade and it’s really hard to know who will win the race to the bottom. So, if there is no QE 3 we might even see the dollar improve but that is not going to help stop our own contraction. It is very likely that most of the world will be going into a depression and a period of loan defaults which will wipe out much of the middle class. I also expect food and labor riots to spread all over the world. Of course, a world war with Islam could change things. Things do change when government owns everyone in the name of national defense.<\/p>\n
I really think we need to work and vote to get as much government out of our lives as possible. We are paying government workers good wages to make things worse for the vast majority of Americans. That is what they do best.<\/p>\n
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The Rapture happened on May 21st just like Harold Camping predicated. Unfortunately it was nothing that could be observed and we all missed it. Now according to Camping all of us can look forward to the end of the world on October 21st. Camping recently said that on October 21st the bodies of those that are unsaved will come out of the graves and lay on the ground like manure? It’s amazing how many people will believe the teaching of total loons. But, if\u00a0 you consider that almost everyone in the world believes in some loony religion, or thinks that government will save them, it all makes sense. The explanation is that most of the people who walk the earth are obviously quite insane, it’s not just the Camping loons that are nuts. When Jesus said, “forgive them Father because they do not know what they are doing”, He was not kidding. After the fall, man without God literally went quite insane and those that do not find the only way to God through Jesus Christ will remain in their insanity and be quite deceived while living in this evil world. So is it any wonder that the people of the world continually live up to the expectation that they are nuts?<\/p>\n
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The Middle East continues to unstablize, it now looks like this freedom movement will not end before the Muslims try to get rid of Israel. They now are under the delusion that they can just cross the borders and take over Israel. Fat chance of that happening; so I cannot see how another major war can be avoided.<\/p>\n
Iran probably already has nukes or even if they do not yet, time will run out shortly. Iran also has missiles and the warheads to deliver the nukes thousand of miles, so unless there is reform in Iran, I do not see how we can get through another year without a strike on Iran’s nuclear facilities and Revolutionary Guard. Of course, a strike any time between now and next summer should get Obama reelected, and don’t you think he knows that? The key is the timing, he would not want to peak too early or too late. If he can make it look like Iran forced him to take military action to defend Israel he will be unbeatable.<\/p>\n
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Socialist tyrants and drug runners continue to take over Central and South America. Chavez is now using his oil money to buy leaders of other nations. Chavez is now buying the military leaders in Honduras and the President of Honduras has already kissed his ring according to the report that I read. It also looks like Peru is about to fall to a Chavez supporter and that is just what is new this month. At the same time, Chavez is building Iranian missile bases that can hit the United States and is pushing socialism in the America’s. I should say, that our government had better wake up and do something about Chavez, but this present administration is cut out of the same cloth as Chavez. One has to wonder just how many times it has to be proven in this world that socialism does not work? It kills motivation for people to try to better themselves and it makes them government dependents. Central big government allows human predators with the biggest egos to rise to the top of the system and they become dictators.<\/p>\n
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It is still anyone’s guess who is going to run or move into the top rungs of the 2012 debate for a Republican Presidential candidate. So far most of the announced leaders have given no real answers for our long-term national problems. I have read a lot of evidence on Obama and his “birth certificate”. I think it is a clear forgery. It could be the smoking gun. However, nobody really want to bring this up because nobody wants to face the liberal press and the race riots and nobody wants to run against Hillary in 2012. So it remains to be seen, if someone like Trump will even force the issue.<\/p>\n","protected":false},"excerpt":{"rendered":"
I have been saying ever since the green shoots statements that there is not going to be any real recovery under this administration. The last economic news is pretty bleak. Official unemployment from the government is back up to 9.1 percent and real unemployment is double what they report. I read where the average production […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[191],"tags":[148,187,138,13,6,131,317,350,323],"class_list":["post-5712","post","type-post","status-publish","format-standard","hentry","category-don-koenigs-monthy-perspectives","tag-america","tag-economy","tag-freedoms-and-liberties","tag-islam","tag-israel","tag-obama","tag-perspectives","tag-politics","tag-socialism"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pawsE-1u8","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.thepropheticyears.com\/wordpress\/wp-json\/wp\/v2\/posts\/5712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thepropheticyears.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thepropheticyears.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thepropheticyears.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thepropheticyears.com\/wordpress\/wp-json\/wp\/v2\/comments?post=5712"}],"version-history":[{"count":0,"href":"https:\/\/www.thepropheticyears.com\/wordpress\/wp-json\/wp\/v2\/posts\/5712\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.thepropheticyears.com\/wordpress\/wp-json\/wp\/v2\/media?parent=5712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thepropheticyears.com\/wordpress\/wp-json\/wp\/v2\/categories?post=5712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thepropheticyears.com\/wordpress\/wp-json\/wp\/v2\/tags?post=5712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}