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America Warned is just Months Away from Financial Armageddon

 
 
 
 
 
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The plan of the American Progressives, led by President Obama, to plunge the United States into economic chaos in order for their being able to ‘rebuild’ it from ‘the bottom up’ appears to be nearing success as new warnings have been issued stating that they are just months away from financial Armageddon.

American Progressives advocate changes to society through more governmental action and stand sharply opposed to Conservatives who advocate for minimal and gradual change through less governmental action.

Nationwide polls conducted this past year in the United States show the vast majority of their citizens support the Conservatives (42%) with support for Progressives amounting to barely 20%.

The type of government the American people say they want, however, stands in sharp contrast to who they have elected to lead them as their President and both Houses (Senate and House of Representatives) of Congress are currently controlled by Progressives.

Elections in the United States this past November did return the US House of Representatives to the control of Conservatives, but this attempt by the American people to ‘adjust the course’ of their Nation to avoid total economic collapse appears to be ‘too little, too late’.

The reason for this being so lies in a new tax bill currently wending its way through the US Congress that the Global credit agency Moody’s has warned, if it passes, and Obama signs it into law, the United States Aaa credit rating will most likely be cut and causing an inflationary spiral to hit the Americans the likes of which they have never seen.

Interesting to note is that at the same time the US is being warned its credit rating will be cut; Standard & Poor’s Ratings Services lifted Communist China’s long-term credit rating as that Nations holdings of United States debt reached a record $906.8 Billion.

Heedless to the warnings of its credit rating being cut, however, the American Progressives, and in spite of their achieving the highest federal budget deficit on record for November, launched a shocking new assault upon the US economy this week with a new $1.1 Trillion nearly 2,000 page spending bill they have not allowed the Conservatives to even read and vow to make it law before the end of the year.

Even worse for the United States is that it has to roll-over in the coming months Trillions of Dollars of debt estimated to be 27.8% of their entire Gross Domestic Product (GDP) at the same time Global markets have become alarmed over the Americans failure to control the biggest debt in their history and resulted in last weeks massive sell-off of US Treasury Bonds.

The Obama government responded to this massive sell-off by raising the interest rates on US Treasury’s to 6-months highs prompting David Bloom, currency chief at Hong Kong and Shanghai Banking Corporation (HSBC), to warn: “…if yields are rising because people think America’s fiscal situation is unsustainable, then its Armageddon.

The inflationary spiral warned to hit the United States couldn’t come at a worse time as aside from the tens-of-millions who have already lost their homes in the greatest housing rout since the Great Depression, over 5.2 million Americans are said living in homes 60-90 days past due on their mortgages.

Equally worse to hit the Americans is what Dan Akerson, chief executive of General Motors, warned is the coming “gas price shock” he is preparing his auto company for by hiring 1,000 engineers and researchers to quickly build more fuel efficient vehicles as these people will no longer be able to afford to drive what they now own.

Important to note about the dire straights the Progressive’s have put the American economy into is no less a person than the United States top military officer, Admiral Mike Mullen, Chairman of the Joint Chiefs of Staff, who in a recent warning stated that the US debt has now become the single biggest threat to their National security.

Most unfortunately for the American people is their continued blindness to the grave state their once great Nation is now in, and their continued allowing of their Nation to be looted for the sole benefit of their elite Progressive ruling classes that defies all explanation, especially in light of the violent protests erupting all across the European Continent against these so called ‘banksters’ who are continuing to loot the wealth of the West to line their own pockets.

To the bankers of today supported most strongly by the Obama regime and his Progressive allies, the 7th President of the United States, Andrew Jackson, fought against in the early 1800’s and whose words from those days echo forward to a new generation of Americans:

“Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.”

Sadly, today, and as over 50 million Americans are reported are in danger of starving, the lessons of their ancestors have not been heeded, creating the strong likelihood that these once great people have in effect become nothing more than slaves to their new bankster masters.

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  • I lost my house

    The classes are seriously separating because the cost of living is so high, sustaining a family of 3 is not possible with an income of $50,000 a year -you need at least $80,000 a year just to make ends meat in most areas now. So if you have a spouse who does not work, it can get bad. Look at my situation….
    salary around $50,000 a year @ $1350 bi-weekly after taxes and health insurance
    house payment: $1750 (1200 square ft. patio house with one car garage. No yard or property bought $240,000 and cheaper than renting)
    forced home owners association: $75
    power bill: $120 (monthly average)
    gas bill: $75 (monthly average)
    car insurance: $100
    vehicle gas: $140 a month (work commute)
    cable/internet/phone: $100
    student loan for college: $200
    water/sewer: $45
    garbage: $20

    I was left with $75 a month to care for my wife and baby under 1 year old. My wife could find work at $10 a hour but when daycare costs $250 a week, it is a wash. So you try to work with the bank to extend the loan or lower the interest, the would prefer you give them the house back. so now I live with the mother in law and the $240,000 loss is counting as income to the Internal Revenue Service so I am sure I will have to pay taxes as if I made $300,000 for 2010. I did everything right and had to jump through hoops to give my house away to someone for $65,000, ruining my credit the the process. Am I a victim? No Way!!! I did what I had to do to survive. I wasn’t going to sit there and wait for the storm troopers to throw my out into the street.

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  • Patrick

    @ I lost My House.

    Man, I do really feel sorry for you, not in a bad way.
    You seem like a good Father and Good husband.

    You dont sound like a child molester, robber, ignorant.
    Why is it that Men like you go down hard?
    I am really believing it is because of our 3.1 Billion a year in our finances to support racist Khazars in Israel. And funding non Japheth’s in this country with all the prisons to hold them in, the police, and the corrupt ACLU, NAACP, and all these other Zionist weapons of mass destruction against our people group.

    Do the best you can for now, many more of us are working here in what was our America to find a way to Revolution and re-create the America our Fathers once created for us. Now me must rebuild is for our children.

    Then we will re-distribute land fairly back to our people.
    Family men must come first, such as yourself.

    Remember, talk to Jesus about it. He is here with us, it is us who have walked away from Him, he has never walked away from us…

    Talk to Him

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  • Tommy Nawrocki

    The suggestion that the United States will lose its soveriegn credit rating of AAA because of extending the Bush tax cuts is absurd. The only risk to the credit rating is dollar devaluation and that would be years down the road.

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  • Cal

    “Nationwide polls conducted this past year in the United States show the vast majority of their citizens support the Conservatives (42%)”

    You might want to go back to school and take some math classes again, if you think 42% is any kind of majority, let alone a “vast” one.

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    • cosmic janitor

      This article is compete and utter nonsense; yes the US economy is on the brink of collapse from being luted by the banks (think right wing conservative extremists) with the help of both political parties – neither of whom are progressive; nor are the elite 1% the progressives (as only an idiot would not know), and Obama (the turd/manchurian candidate) is no stinking progressive – he’s a neocon DINO produced and packaged to deceive the progressives and buy 4 more years of treachery for the global banker oligarchs.

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  • In the complicated world we live in, it’s good to find simple sluotnios.

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