Economic Terriorism the Price of Hope and Change

No More Lies Mr. President!

Comrade President Obama told the American public that he would not nationalize banks.  Now when a large bank tries to payback with interest its TARP funds he won’t allow it. Americans and any recovery need to be based on trust.  This is the way American markets have worked since inception of the original thirteen colonies.  With a Government warranty of GM products as if it is the car manufacturer taking an active role in the management by terminating its CEO, how can the public and market place develop trust in a government that is actively attacking American financial and manufacturing institutions?

Obviously, government will not allow these institutions to fail, and so will pour billions and billions more into them because that is the only technical ability of government, to spend other people’s money.  There is no moral compass at the head of Congress or the Executive branch, as honesty and egocentric authority and irrational behavior appear as the new norm.  These are not principals of recovery but those of fascism.

The US government has raised FDIC insured deposits to $250,000 this guarantee is taken seriously by the nation’s depositors.  Now that these new government insurance levels have been created people feel their deposits are safe.  Few people realize that the FDIC is broke, the only way to pay off depositors is to create money out of thin air there is nothing backing up this insurance but the printing press.  The FDIC is making a broken promise to Americans.

In the coming depression the FDIC will be called upon to pay off depositors worthless obligations in deflated real estate investments.  It appears the Treasury Secretary and Fed Chairman are already facing this crisis but have not told the American public how severe the problem is at present.  The last thing the Treasury wants to do is set off a panic.

America’s new IOU debt obligations for the trillions borrowed by foreign governments, individual bond holders, and banks at this time are so great, that as the crest of the economic tsunami breaks toward depression, Comrade President Obama’s administration will see its tax revenues contract even further.  Treasury Secretary Geithner and Fed Chairman Bernanke will be hard pressed to pay the interest on this debt, let alone principal payments.  This same situation is amplified by all the other nations of the world that have bought into the risk of motivating their economies on government capital inflows into both the public and private sectors with more debt.  America’s annual debt is at GDP levels, its loan to value ratio will be negative by the end of the year.  Other countries are in a worse position!

When sovereign nations begin to default, which we are predicting will happen later this year,  the international cost of borrowing will jump or possibly stop all together.  The Fed is purchasing toxic bank debt at 10 cents on the dollar, or $100 billion guarantee for $1 trillion exposure.  It is no longer a non-partisan player but an active participant in using monetary policy to further a partisan Marxist-fascist agenda on behalf of the Administration.

How will the pieces get picked up by the American people when the crashing wave of debt crumbles upon the economy and the only people who can bring innovation, talent and ability to resolve catastrophe, are shackled with so much government regulation, taxation, and control that they are immobilized and can only sit by and wait for their inflated welfare check, which will be taxed!

By the time congress and the Marxist-fascist administration changes by elections, if the ballot boxes have not been filled by democrat sponsored Gestapo tactics, getting government off the backs of Americans will be four years off.  Until government sponsored economic terrorism is destroyed in America and the full potential of the American people is unleashed, there can be no recovery, only a small parasitic government induced growth that will suck the life force from the economy to sustain itself, through taxation.

The private sector has always lead America out of every recession and built the strongest economy in the world, but only when government has gotten off its back and out of the way.