RSSAmerican Economy Destroyed by Design
David L Lamon | January 1, 2010
12/30/2009
American Economy Destroyed by Design
David L Lamon
Obama Is Making the Same Mistake As . . .
Twenty years ago, Japan was one of the richest countries in the world and had one of the highest standards of living. Everyone was talking about “Theory Z” and the Japanese state-controlled approach to business.
Then, in the 1990s, the Japanese asset bubble in stocks and real estate went through a crash similar to what we are experiencing now.
Rather than use free-market approaches to address the problem, Japanese policymakers did many of the same things the Obama administration is doing today, such as keeping interest rates artificially low, spending heavily — and deliberately devaluing the yen to spur exports.
The result: The Japanese economy has NEVER recovered. The Nikkei, the Japanese stock market, plummeted 86% — and is STILL down 75% from its historic high.
Today, the Japanese rank 24th in the world in per-capita income, according to the International Monetary Fund.
Like Japan, the United States could see a significant unwinding of its real wealth. Please read my commentary at bottom of page for clarification.
Wall Street cheerleaders, sly politicians, and the liberal media keep chanting, “The recovery is here!”
Sure, the stock market has rallied quite nicely these past few months; sure, the manipulated government statistics show that all is well; and sure, the media loves to report that Obama has saved America.
But what was sacrificed to create this so-called “recovery.”
Why your life savings are in jeopardy as this fragile recovery could unravel in 2010
The culprit: To borrow a phrase from Will Sonnet of Guns of Will Sonnet “no brag just fact”. It is a “secret” government plan.
2010: The Year the Recovery” Unravels
· The U.S. dollar (and your wealth) are going the way of the Mexican peso: down!
More than $10 trillion in government spending is triggering a sudden and massive devaluation of the greenback.
The TARP chief told Congress the federal bailout will now total over $23 trillion! That would be over $70,000 per person.
· Unbeknown to most investors, the Obama administration is quietly planning to devalue the U.S. dollar even MORE. The decision has been made . . . and it’s working.
· Obama adviser Warren Buffett accidentally revealed in a recent CNBC interview what the Administration REALLY has planned all along.
Buffett told the interviewer that the United States will do what every other country has done when faced with huge obligations and decreasing revenues — inflate (devalue) the currency!
Dollar Devaluation Is a Done Deal
The reason is simple.
· The Democrats have waited nearly 30 years, ever since Ronald Reagan was elected, to begin spending money on social programs again.
· They’re not about to let a global economic wipeout stand in their way.
· Deliberately devaluing the U.S. dollar will make U.S. government debt obligations less onerous, American exports relatively cheap, and rally the stock market.
· There is only one problem with their plan!
· By causing inflation to soar, it will wipe out the life savings of generations . . . and destroy the U.S. economy for decades to come . . .
Reasons why the global recovery will be stopped dead in its tracks in the United States .
· Rising commodity prices are the canary in the mine shaft when it comes to inflation . . .
· Obama’s nationalization of healthcare wil further sink the dollar because of our dependence of foreigners to finance our debt.
· Investing in foreign markets will be forced.
· Wall Street’s “bandit capitalism” is leading to “bandit socialism”
· When China and other foreign investors stop investing in America the dollar will collapse and the country will be bankrupt.
The Destruction of the Dollar
And Your Portfolio, Has Started
· When the market crashed more than 18 months ago, the dollar strengthened significantly. Investors worldwide fled to the greenback. Hundreds of billions of poured into the United States.
· But all that ended quickly when Barack Obama took office.
· Once Obama and congressional Democrats began handing out trillions of dollars in bailouts and posting record deficits, the confidence of world investors was badly shaken. The value of the U.S. dollar began plunging.
· Since taking office, the Obama administration has increased the monetary base by a staggering $10 trillion (see chart below). In less than a year, it managed to DOUBLE the expected annual budget deficit to almost $2 trillion.
The result was predictable: The stock market rallied . . . but the once mighty dollar has PLUNGED against foreign currencies.
· That’s WHY Warren Buffett, for the first time ever, shifted more than 20 percent of Berkshire Hathaway’s portfolio outside the country and into non-dollar assets.
· This estimate does not include companies he holds, such as Coca-Cola, that draw huge portions of their earnings from abroad.
Inflation Is About to Wipe Out the
Stock Market Gains of Recent Months!
· These are dangerous times. If you have spent the past 10 YEARS investing in the Dow Jones Industrial Average, your investments have lost money — a lot of money.
· Since the market hit its historic 2007 high, stocks have plummeted. In March of this year, the Dow hit a new decade low of 6,547 — a drop of more than 53 percent from the high. The market has rebounded since that low but remains down nearly 40 percent.
Here is what should really have you worried and reveals what socialist are all about
The recent stock market rally was fueled almost entirely by the MASSIVE infusion of $10 trillion in borrowed government cash, according to our analysts.
All that government borrowing has boosted the market but will trigger inflation that the United States hasn’t seen since the 1970s.
If the stock market during the next two years rises by more than 8 percent a year but real inflation hits the U.S. economy at more than 10 percent, investors will experience negative asset value.
The same thing has happened with the socialist-controlled Venezuelan stock market, one of the few stock markets in the world doing well now. When you factor in that country’s skyrocketing inflation rate — now averaging 30 percent! — investors in Venezuela are losing their shirts.
My Commentary
Clinton is credited with being one of the best presidents ever but I seriously dispute that because aside from his moral deficiencies, his destruction of the mortgage market through Fannie Mae and Freddie Mac through the use of his Community Reinvestment Act with willing accomplices in the house and senate from both sides of the aisle that forced lenders to make loans to people they knew couldn’t afford them. From this fiasco derivative markets (high-risk investment they knew were bad) kicked into high gear with the creation of the Black and Shoals plan. These derivatives was used as a way to pass the buck, disguise and hide their deception to bring down the U.S. economy. It is for this reason it is pertinent the Federal Reserve be fully investigated national security issue or not. We are big enough to handle the truth don’t you think? Besides if there is a chance to turn things around we must know all the details of what caused the demise in the first place wouldn’t you think? This is an example of political expediency used by Clinton knowing the results would not be revealed until well after he left office. Also Clinton’s push of NAFTA with the help of Republicans heard the words or Ross Perot’s “Giant Sucking Sound” become a reality because of corporations moving their manufacturing operations overseas with taxpayer subsidies paving the way. The result is a dangerously low number of Middle-Class left in America and an economy solely dependent on credit and service, which as we now see cannot sustain itself. Consumer spending makes up over 70% of the GDP, which strongly discourages saving, hence saving produces no interest on money put into financial systems. Again, I say this is being done by design. I say dangerous because an economy based on capitalistic ideology cannot stand without a strong Middle-Class based in manufacturing. These are the people that pay close attention to what is going on in the country and by far the largest voting bloc. They are the ones that provide jobs to over 70% of the people in America. On the other hand, for tyranny to prevail or a dictatorship a rich and poor must be the dominant makeup of society, which is where we are currently and dwindling at breakneck speed. This is why I have repeatedly written over the years its “MANUFACTURING STUPID”. In 1955 the GPD or gross domestic products was 78% based in manufacturing hence a growing economy and wealth but now that traitors have seized control of the U.S. government it is down to 14%. Bottom line: those responsible for the creation of a one-world government know America’s economy and middle-class must be destroyed to bring America into subjection to their demands.
Zechariah 14:14 and Revelation 20: 7 are speaking about the same time period of the anti-Christ kingdom. And the wealth of all the surrounding nations shall be gathered together: Gold, silver, and apparel in great abundance. Satan will be released from his prison and will go out to deceive the nations which are in the four corners of the earth, Gog and Magog (one-world government), to gather them together to battle, whose number is as the sand of the sea. Isn’t this what we are witnessing today a concentration of wealth in the hands of a few?
What God Expects from his Virtuous Wife and yes buying and selling is all a part of manufacturing because it provides the means to do all else. so yes God is capitalistic and socialistic. From the beginning he gave man the priviledge of choice or freedom to make his own decisions.
The Virtuous Wife
Proverbs 31:10-24
10 Who can find a virtuous wife?
For her worth is far above rubies.
11 The heart of her husband safely trusts her;
So he will have no lack of gain.
12 She does him good and not evil
All the days of her life.
13 She seeks wool and flax,
And willingly works with her hands.
14 She is like the merchant ships,
She brings her food from afar.
15 She also rises while it is yet night,
And provides food for her household,
And a portion for her maidservants.
16 She considers a field and buys it;
From her profits she plants a vineyard.
17 She girds herself with strength,
And strengthens her arms.
18 She perceives that her merchandise is good,
And her lamp does not go out by night.
19 She stretches out her hands to the distaff,
And her hand holds the spindle.
20 She extends her hand to the poor,
Yes, she reaches out her hands to the needy.
21 She is not afraid of snow for her household,
For all her household is clothed with scarlet.
22 She makes tapestry for herself;
Her clothing is fine linen and purple.
23 Her husband is known in the gates,
When he sits among the elders of the land.
24 She makes linen garments and sells them,
And supplies sashes for the merchants.
My question to all Americans is “will you continue to sit on your hands and wait until you are personally affected to take action or will you join all Americans and take the necessary steps to right the wrongs done to America’s citizens”?
Various sources of research were used for this article.
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David,
You are absolutely correct. We need to redefine Economic Justice.
Economic Justice is when organizations deliver overpriced, poor quality goods and services and they go out of business.
Economic Injustice is when organizations deliver overpriced, poor quality goods and services, are bailed out by the Federal Government and don’t go out of business, like public schools, investment banks, AIG, GM, Chrysler, unions, the Fed and Congress,