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.
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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