Posts Tagged ‘$222 trillion’

Fiscal Cliff Deal Is A Raw Deal For The Rich And For America. And It Sets Up ANOTHER Raw Deal In Sixty Days Over Out-Of-Control Obama Spending.

January 2, 2013

It’s a truly fascinating thing.  Had we “gone over the cliff,” do you know what would have happened?  We would have returned to the Clinton tax rates.

What is truly remarkable is that the Clinton tax rates are now nearly universally viewed by Democrats as having been 98% pure, distilled evil.  Because the Democrat Party has now been saying that Americans can’t afford to pay the stupid and evil tax rates that Democrats once demanded they pay.

But what would have been stupid and evil and harmful to the American economy for 98% of the population is in fact true for 100% of the population.  It is simply a gargantuan lie to try to argue that the laws of economics – that when you tax something you invariably get LESS of it – is true for 98% but is a lie for 100%.

Yes, it is a fact of history that the Republican Party under George W. Bush saved America with the tax cuts that helped the middle class grow more and spend more.  And it is now a fact of history that Democrats are now implicitly saying that the Clinton tax rates were 98% evil and counterproductive to a growing economy.  Democrats were completely wrong about their high tax rates; but Democrats are liars who won’t EVER admit they were wrong.  Instead they merely continually shift their demonization and demagoguery to a different target without ever admitting that it was only a relative few years ago that Democrats were attacking the middle class with high taxes that are suddenly now universally recognized as evil.

Isn’t it amazing how Obama, the Democrats and the mainstream media propaganda actually just claimed credit for 98% of the Bush tax cuts while still blaming Republicans as evil for creating the very thing that Democrats are on record as now being 98% for?  How does this kind of falsehood pass for truth???

Here’s a little bit of fact for you: BILL CLINTON CUT TAXES FAR MORE THAN HE RAISED THEM.  It wasn’t until Clinton CUT the capital gains tax in addition to many other tax reforms that the economy truly took off and the budget deficit shrank.  Versus Barack Obama, who has stratospherically hiked taxes on the rich and on the middle class via massive regulation and the equally massive ObamaCare tax hike.

And keep in mind that Bill Clinton – who largely presided over a good economy with the help of Republicans who controlled both the House and the Senate – said “the era of big government is over.”  Obama reversed that and now America will pay dearly for it.

It is a fact of history that Democrats are now demanding that we keep 98% of Bush’s tax cuts while simultaneously taking credit for them.  While amazingly still saying that the Bush tax cuts – which they now say were 98% good – are still evil.

Democrats claim that their tax hike on the rich, on the other hand, will generate $620 billion in additional revenues.  Here’s the first problem with the deal that Republicans were trapped into: no it won’t.

History is now replete, full, satiated, gluttonously gorged with examples of Democrats’ stupid tax claims doing the very opposite of what they claimed it would do.  The most infamous example is the luxury tax or so-called “yacht tax” on the rich.  Democrats assured Americans that the rich could certainly pay a little more (there’s a line that stupid people keep arguing, isn’t it?) to own luxury items.  Democrats saw the government getting more and the rich paying “more of their fair share” (there’s another stupid line of demagoguery for you).  What in FACT happened was that it turned out that, guess what, rich people AVOID TAXES just like everybody else tends to do.

Falling Tax Would Lift All Yachts
By AGIS SALPUKAS
Published: February 7, 1992

The nation’s luxury-boat builders, many clinging to their businesses after two years of plunging sales, finally got some good news last week.

President Bush, in his budget proposals, asked Congress to repeal the 10 percent luxury tax on yachts priced at more than $100,000 (and also on private planes that cost more than $250,000). The repeal, which Congress is likely to approve, would be retroactive to Feb. 1.

Since the tax took effect in January 1990, hundreds of builders of large and small boats have spoken of it as a stake driven into the heart of an industry already suffering from the recession, tighter bank rules on financing and fallout from the gulf war.

In the last two years, about 100 builders of luxury boats — recreational craft costing more than $100,000 — cut their operations severely and laid off thousands of workers. Some builders filed for protection from creditors under Chapter 11 of the Federal Bankruptcy Code.

Now, sales personnel and owners of marine companies are hoping they will be swamped by buyers who have held off in the expectation that the tax will be repealed.

The 10 percent tax applies to the amount of the cost above $100,000, so that a boat selling for $300,000 carries a $20,000 luxury tax. That tax is in addition to any state and local taxes. […]

Also, boat prices have dropped as much as 40 to 50 percent, interest rates have fallen and some lenders have begun to offer financing, though on very strict terms.

In 1991, sales of luxury boats dropped 70 percent from 1990’s level, while overall boat sales fell 18 percent. Relies on Foreign Customers

The luxury tax really hurt us,” said William J. Healey, the president of the Viking Yacht Company in New Gretna, N.J.

He gestured toward a few big luxury boats being built there. A 50-foot boat costing $800,000 is bound for Italy; a $1 million yacht may be sold in Japan. A 65-foot motor yacht costing $1.3 million is bound for Greece.

The business from overseas, developed in the last two years, is enabling Viking to limp along, its work force cut to 150 workers from 800. “Very fortunately, it has helped us weather the downturn,” Mr. Healey said as he pointed to two production lines that have been inactive for several years.

Domestic demand fell so sharply that a year ago Viking shut an operation in Tampa, Fla., that employed 800 workers. The plant was built in the boom of the 1980’s, when most boat makers could not keep up with demand.

Yeah, that’s right, stupid liberal.  Raising taxes on the rich a few percent won’t hurt anybody.  They can afford it.

And if you’re either stupid or demon-possessed, you still believe that damn Marxist class warfare lie.  But people who prefer the truth and have a clue about something called “history” sure don’t.

The fact of the matter is simple and straightforward: lower tax rates for EVERYBODY creates more incentive to work harder and invest more because you are allowed to keep more of what you earn.  It is a simple truth of American history that every single time tax rates have been cut, we have had growth that generated MORE revenue than we otherwise would have.

There’s a second and even more harmful reason that Obama won’t raise more revenue as he falsely claims: because he’s going to be targeting and attacking the small businesses that create jobs.  Yes, it’s true on one level that 97% of small businesses won’t see their taxes shoot up and force them to lay off workers and cut back to pay the dictator.  But as is often true, another word for “lie” is “statistic.”  Because here’s the thing: THAT THREE PERCENT OF THE BUSINESSES DO MOST OF THE ACTUAL HIRING.

I documented this back in July:

Please take a look at the US government census information on small businesses.  The latest data they have on file comes from 2008:

Out of 27,281,452 total firms, 21,351,320 are listed as “nonemployer firms.”  Which means that 78.23 percent of all small businesses hire ZERO employees.   So when Obama says that 97% of small businesses won’t be affected by his tax hike, please understand that the whopping majority of those businesses that won’t be affected aren’t hiring anybody.  Another 3,617,764 small businesses have no more than four employees.  Those small businesses that hire zero workers plus those small businesses that hire no more than four workers constitute 91.5% of ALL small businesses.

Here’s a more relevant way to look at it.  When you consider the businesses that employ more than four people, you are looking at businesses that hire 94.97 percent of ALL the workers who work for small businesses.  And while not all of the small businesses that hire between 5-9 employees are going to be paying higher taxes as a result of Obama’s class warfare on small businesses, most of them do.  And virtually none of the businesses that hire more than ten employees are going to earn less than $250,000 a year.

So, yeah, the kid who is an “independent contractor” working his paper route won’t be paying more taxes under Obama’s class warfare plan.  That’s great.  But the overwhelming majority of small businesses (defined as businesses employing 499 or fewer workers) are going to get the crap beat out of them.

So Obama and Democrats like to point out that 97% of small businesses won’t be affected by their tax hikes.  But more than 78% of small businesses in his “97 percent” figure are “nonemployer firms” and hire ZERO workers.  So no jobs.  And when you look at the businesses that hire workers, you are looking overwhelmingly at the businesses that are going to be hit by these new tax hikes.  That is simply a FACT.  And it is simply a FACT that they are going to be forced to raise their prices to accommodate their rising costs of doing business, which will in turn reduce demand for their products or services, which will then in turn force them to lay off workers because of aforementioned reduced demand.

So what Obama and the Democrats just did is savagely attack the only people who have any chance at creating more job opportunities and bringing the US economy off its back and onto its feet again.

Keep in mind that in pimping his ObamaCare, Obama promised that premiums wouldn’t go up; he promised that if you like your doctor, you could keep your doctor; he promised that he wouldn’t tax the middle class.  He lied about EVERYTHING.  And he is lying to you now.  Because he has over and over again demonstrated that he is a liar without shame, without honesty, without decency and without integrity.

But we’re just getting warmed up describing how truly godawful this “deal” is.

Obama – even on his regime’s own calculations – will only get 8 1/2 days of additional tax revenue by attacking the rich and sabotaging the US economy by hurting job creators.  The problem when you consider Obama’s trillion-plus dollar deficits every single year of his entire presidency is that he refused to do a damn thing about the OTHER 356.5 days of the year.

We raised $1.8 trillion in income tax revenue in 2012.  It will be a very interesting thing indeed to see if we raise $2.42 trillion as the Democrats claim.  I bet we won’t be anywhere near that because it was a lie from the beginning.

Obama has the blue-whale-sized balls to claim that he cut the deficit by over $1 trillion.  Even the überliberal Washington Post says he’s a Pinnochio-nosed liar.  But let’s just think like people who AREN’T insane and AREN’T demon-possessed for a second: the US national debt is now over 16.4 trillion and will be well beyond that by January 20 when Obama’s first term ends; it was $10.626 trillion the day Obama took office.

Do you remember when our demon-possessed current president demonized his predecessor by pointing out that the debt had grown by $4 trillion over Bush’s eight years in office?  I pointed out back in September:

If Obama is a one-term president, which he himself by his own rhetoric said he ought to be, he will have added more than $6 trillion to the debt in his four years by the time he leaves office.  The same man who viciously demonized his predecessor for adding less than $5 trillion over EIGHT years.  The national debt is over $16 trillion now, and it’s going to keep piling on and piling on until January 2013.  With at least $500 billion in interest to pay on top of that.

Again, Barack Obama is a liar and a hypocrite without shame, without decency, without honor and without integrity.  He is shameless.  The Democrat Party is shameless.  And the mainstream media which protects both with their propaganda machine are shameless.

And our real debt is actually now considerably over a beyond-insane $222 trillion.  And is growing by about one trillion dollars every single MONTH:

The U.S. fiscal gap, calculated (by us) using theCongressional Budget Office’s realistic long-term budget forecast — the Alternative Fiscal Scenario — is now $222 trillion. Last year, it was $211 trillion. The $11 trillion difference — this year’s true federal deficit — is 10 times larger than the official deficit and roughly as large as the entire stock of official debt in public hands.

And why are we that $222 trillion – and actually that is now more like $227 trillion given the rate of growth of that debt and the five months that have passed since that article documenting the true debt was written – you ask?  Easy, 99.99999 percent of that debt which guarantees the collapse of America came from Democrats, and specifically their boondoggle entitlement programs such as Social Security, Medicare, and Medicaid.

It’s funny, in a sad, pathetic, ironic sort of way: Democrats demonize Republicans for trying to protect America and her interests abroad with a strong national defense.  But the only thing the Constitution specifically ordered the federal government to “provide for the common defense.”  And note that word, “provide.”  It means, “pay for to provide.”  The same liberals who demonize us for doing what common sense and the Constitution alike command us to do point to the phrase “promote the general welfare.”  Do you get that difference between “provide” and “promote.”  If you ask me to provide something, I’m on the hook for it in a financial way.  That’s what it means to be a provider.  If you want me to promote something, I’m going to say nice things about it and cheerlead for it.  But that’s all.  And so like everything else, Democrats turned the Constitution, basic morality and true Christianity on its head and made what is wrong right and what is right wrong.

If liberals were actually to “promote the general welfare,” they would cheerlead the private economy and encourage growth by keeping taxes low for those who are willing to work hard so they can keep what they earn.  And then, with the minimum size and minimum amount of regulation, they would get the hell out of the way.

What Democrats “promote” is the general cancer instead.

And that mindset became a rotting cancer that is just about to consume and kill the patient America.

This nation is doomed.  And if you voted for Obama, you are one of the people who doomed it.   We cannot possibly pay these debts that will ultimately bankrupt this country but only after our children and their children are forced to bear the burden and suffer because of your self-righteous and sanctimonious greed a.k.a. “your entitlement mindset.”  And one day you will stand before a holy God and answer for the fact that you are a toxic human being whose soul swims in every kind of lie.  Because that’s what Obama voters are: bad people who hate the truth and who prefer lies.  Aside from your dishonesty, you are greedy and hypocritical – feeling yourself entitled to seize other people’s money when you would scream if your own money were taken from you.  And aside from your dishonesty, greed and hypocrisy you are hurting the poor who ought to be helped.  Because as I pointed out above – and thoroughly document with the article I linked you to stating it – when you seize the wealth of private citizens who overwhelmingly worked hard and then planned well and then worked hard some more to get that wealth, you end up hurting the very poor you falsely profess to be helping.  Because you force businesses large and small alike to reduce their workers.  You rob the poor of dignity by preventing them from being able to find jobs.  And then you cynically exploit their desperation to get them to vote Democrat so they can be on welfare for life as long as they continue voting Democrat.  Oh, you will one day be forced to give an account for all of it, rest assured.  And you will be giving that account to a Someone who knows the truth from all of your lies and your slander.

In sixty days this “fiscal cliff deal” that the mainstream media is so damn giddy about will come boomaranging back in the form of a massive political crisis caused by Obama’s morally insane and fiscally evil out-of-control spending binge.

Further, this stupid deal did nothing to avert the sequestration that Obama’s White House invented that will cripple our economy.  Just for starters, 1.53 million defense industry workers are going to get their 60-day layoff notices that they frankly should have already received according to federal law that Obama abrogated for cynical political purposes.  The defense industry has already began to suffer because everybody knows that Obama is at war with our ability to defend ourselves against war.  Obama has already cut $480 billion from defense; and his sequestration gimmick will soon devastatingly cut the Pentagon by $500 billion more.

Republicans were maneuvered into an impossible rhetorical battle against a master demagogic rhetorician.  They were demonized as “the party who was willing to force everybody’s taxes to go up over the wealthiest two percent of the country.”  When how the hell were the Democrats not “the party who was willing to force everybody’s taxes to go up over the wealthiest two percent of the country”???  Weren’t Democrats threatening to go off the cliff unless they got to attack the top two percent of earners?  How were they not doing the very thing they slandered the Republicans for doing???

This country is going to shut down in sixty days over that “spending issue” that Obama and the Democrats absolutely refused to deal with.  Because this “deal” did nothing to slow down the debt, nothing to slow down Obama’s shocking deficits, nothing to avert a debt ceiling showdown and nothing to avert the REAL fiscal cliff of Obama’s sequestration plan.

The markets that stupidly surged today will just as stupidly collapse then.  Because anybody who isn’t a fool should see this confrontation over insane and immoral debt coming.

Meanwhile, it is God damn America, full speed ahead to ruin.  And then the Antichrist and the Tribulation will come.

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The Perilous Times St. Paul Prophesied In The Last Days Have Come: Sandy Hook Murderer Adam Lanza Worshiped Satan

December 20, 2012

This know also, that in the last days perilous times shall come.  For men shall be lovers of their own selves, covetous, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy, Without natural affection, trucebreakers, false accusers, incontinent, fierce, despisers of those that are good, Traitors, heady, highminded, lovers of pleasures more than lovers of God; Having a form of godliness, but denying the power thereof: from such turn away.  — 2 Timothy 3:1-5

And we’re there.

Adam was the first man, of course.  Adam Lanza is the first man of Obama’s “fundamental transformation” of America.

Some interesting facts about Adam Lanza:

‘I am the devil’: Former classmate reveals school gunman had ‘online devil worshiping page’ as childhood barber recounts how he never spoke and just stared at floors
By Meghan Keneally and Rachel Quigley
PUBLISHED:11:05 EST, 19 December 2012| UPDATED: 11:51 EST, 19 December 2012

The Sandy Hook gunman worshiped the devil and had an online page dedicated to Satan, a former classmate revealed, as his childhood barber recalls Adam Lanza never spoke and would stare at the floor every time he had his hair cut.   Lanza’s worshiping page had the word ‘Devil’ written in red, Gothic-style letters against a black background, Trevor L. Todd told The National Enquirer, something which he said was ‘weird’ and ‘gave him the chills’.

The FBI are trying to piece together his smashed up hard drive to see if his online footprint will reveal any motive for the killing, but they strongly believe he made use of devil-worshiping and suicide sites and boasted of his murder plans on message forums.

Don’t worry, though.  Democrats – which means “Demonic Bureaucrats” – will never turn their back on Lucifer.  Which is why they are working so hard now to demagogue so-called “assualt weapons” and guns in general.

It frankly doesn’t matter if the “I am the devil” part of this story turns out to be another media-generated dead-end.  St. Paul would have taken one look at this pathetic little punk and at the violent video game world he lived in and said, “Yep.  That’s what I tried to warn you about, all right.”

This passage chilled my soul:

Cutting Adam Lanza’s hair ‘was a very long half an hour. It was a very uncomfortable situation,’ stylist Diane Harty said. She said that she never heard his voice and that Nancy Lanza also hardly spoke.

Another stylist, Jessica Phillips, echoed their descriptions of the Lanzas and added that Nancy Lanza would give her son directions about what to do and where to go.

Adam would move only ‘when his mother told him to,’ Skuba said.

‘I would say, “Adam, come on.” He wouldn’t move,’ Skuba said.

‘And his mother would have to say, “Adam, come on, he’s ready.” It was like I was invisible.’

He said Adam also wouldn’t move from his chair after his hair was cut until his mother told him to.

If a stylist would ask Adam a question, Skuba said, his mother would answer.

‘He would just be looking down at the tiles … the whole time,’ Skuba said.

This product of the perilous times of the last days was a time bomb, just biding its time and waiting to go off like Michael waiting for his “Friday the 13th” moment.

The same psychologists who decided out of political correctness that homosexuals are just as “normal” as everybody else have also decided out of the same sense of political correctness that there is no such category as “evil.”  Unless guns are mentioned, that is.

If guns are evil, they should be kept out of the hands of the police and the military.  Forget the fact that this demonic turd killed himself only when people who could shoot back showed up.  And forget the fact that the areas with the strictest gun control laws have the highest crime rates because predators always target the helpless just the way that Adam Lanza targeted helpless children in an unarmed environment in a strict gun control state.  So you just forget the fact that Oama’s “model city on the hill” in Chicago has the very strictest gun control laws in the entire nation to go with the highest murder rate in the nation.

“Gun-free zones” are a synonym for “target-rich environments.”  And liberals – as always – are wicked in their stupidity and stupid in their wickedness.

Why not ban the überliberalmobile otherwise known as the Toyota Prius which is being revealed as a death trap?  Why not ban kitchen knives ?  I mean, has society learned nothing from the O.J. Simpson case?  Why not ban pieces of wood that could be used as clubs?  Why isn’t there a federal law requiring that all forks have corks to cover those incredibly dangerous prongs?

Biden_Ruprecht

Come ON, America!  Let’s finally deal with all of these murder weapons once and for all:

Murder weapons

The fact of the matter is that guns AREN’T evil; they are used for good as much as they are used for evil.  The problem is that PEOPLE are evil.  If you’ve got yourself set to try to ban anything, please ban yourself.

The problem is that liberalism has so completely depraved society that more people than ever are genuinely evil.  Thanks to liberalism, man is now merely an animal, the mindless and amoral product of random chance evolution.  Thanks to liberalism, society now believes there is no soul and there is no God who created man in His own image and will one day hold man accountable for his conduct on earth with hell.  Thanks to liberalism, humans are now merely things that have no intrinsic value and which can therefore be exterminated by the tens of millions in the abortion mills.  Compare the twenty little children who were murdered last week with an assault weapon to the fifty-five million babies who had their entire lives and futures stolen from them with abortion and explain to me why you have no tears and no heart and no compassion for those fifty-five million innocent babies.  It is insane; and it is an insanity that has warped and depraved our culture.  Thanks to liberalism, not only have mothers become murderers of their own babies, but fatherhood is dead.  Just what is a “father”?  Biologically, he’s a man who conceived a child.  But under the demonic doctrine of abortion, there is no such thing; because whatever you want to call the fetus that was conceived between a man and a woman, it is NOT a child.  It is an inanimate and lifeless lump of goop which has no value and no rights as a human being.  If a “father” loves his child and wants to hold that child in his arms, his will is utterly irrelevant in our liberal abortion culture that celebrates a demonic feminism that hates children as some kind of parasite.  Fatherhood is irrelevant in this toxic product of liberalism; and you wonder why men refuse to stay around the non-human lumps of goop just because their mothers decided not to murder them after all?  Thanks to liberalism, the government has decided that a “family” is a completely meaningless and arbitrary category that can be redefined as liberals see fit: marriage is dead, having been depraved by homosexuality, and in the same way when two homosexual men can adopt a child and inflict their broken lives on that kid and call themselves a family, family simply becomes another meaningless convention that is no longer worth preserving.

Joseph Stalin said:

“One death is a tragedy; one million is a statistic.”

And American liberals – the true intellectual inheritors of Stalin’s big government as replacement of God – are now telling us that twenty deaths are a tragedy and fifty-five million deaths is just a statistic.

As John MacArthur rightly pointed out, the Democrat Platform today comes right out of Romans chapter one.  And thus the Democrat Party demands one thing: for the wrath of God to be revealed (Romans 1:18).

Abraham Lincoln ended his most famous speech with the following words:

… that this nation, under God, shall have a new birth of freedom — and that government of the people, by the people, for the people, shall not perish from the earth.

Thanks to liberalism, America is no longer a nation one God.

Thanks to liberalism, America is now a nation that deserves to perish from the earth.

And the selfsame same liberals who brought us to this point of perilous times are cynically exploiting the morality-free secular humanist vacuum they created.  They are exploiting the monsters they’ve created to pervert our culture with still more liberal solutions.

I think of modern American liberalism and I think of Chairman Mao at his very most ideological:

LEE EDWARDS, CHAIRMAN, VICTIMS OF COMMUNISM MEMORIAL FOUNDATION: In 1959 to 1961 was the so-called “great leap forward” which was actually a gigantic leap backwards in which he tried to collectivize and communize agriculture.

And they came to him after the first year and they said, “Chairman, five million people have died of famine.” He said, “No matter, keep going.” In the second year, they came back and they said, “Ten million Chinese have died.” He said, “No matter, continue.” The third year, 20 million Chinese have died. And he said finally, “Well, perhaps this is not the best idea that I’ve ever had.”

CHANG: When he was told that, you know, his people were dying of starvation, Mao said, “Educate the peasants to eat less. Thus they can benefit – they can fertilize the land.”

Only our liberals are seemingly pathologically incapable of ever experiencing that moment Mao finally saw where he finally said, “Well, perhaps this is not the best idea I’ve ever had.”  All of the ideas of American liberals are perfection; it is circumstances which just somehow happen to thwart them every single time.  Obama deceitfully promised four years of blessing under his regime; he has given us the precise opposite.  And all Obama has offered is blame and demagoguery and demonization and fearmongering to explain why his presidency has been a catastrophic failure and cancer.

Fifty-five million dead babies are excellent fertilizer, I suppose.

But it sure doesn’t appear that God is blessing our farmland as a result of out depraved wickedness.  The condition of our crops is now the worst since the government began keeping records in 1985.

We are now a nation of endless drought – with the withholding of rain being a key Old Testament sign that a nation has entered divine judgment.

We can be like the godless Soviet Union which before its collapse blamed its complete crop failure on seventy-two years of bad weather.  If you think that it’s inconceivable that American politicians could be as mindlessly incapable of understanding their role in the failure of their nation, realize that Obama has already followed that rhetorical tactic.

The night that Barack Obama and his demonic agenda were elected to the White House, I wrote “Obama Wins!  God Damn America!” And God has damned this perverted nation, indeed.

I think of Obama demonizing George Bush for “adding $4 trillion by his lonesome” over 8 years when this lying demonic demagogue has now added more than $6 trillion in merely four years.  I think of the Obama who demonized and slandered George Bush for trying to raise the debt ceiling who is now so incredibly deceitfully and hypocritically trying to slander Republicans for trying to in ANY WAY interfere with what he seems to believe is his messianic right to be “given the authority to raise the debt ceiling whenever he wants.”

And I lower my head in shame to think that this nation so wickedly voted to re-elect this lying, slandering hypocrite.

Meanwhile our actual debt has soared to well over $222 trillion and rose by $11 trillion just from last year alone.  And it is a FACT that the Democrat Party is responsible for over 99 percent of that staggering, insane, depraved, unpayable and unsustainable debt.

Obama has never led; he has merely found new ways to demagogue his political opponents and further and further divide America.  We’re about to fall off the fiscal cliff and Obama has completely failed to lead because he prefers that we DO go off the cliff so he can further demonize his opponents and politically benefit by further dividing America in order to seize another fractured piece of the electorate.  But that’s okay; Obama has a new tragedy that happened under his watch to exploit.  The mantra of fascism is “Never let a crisis go to waste.”

Christians are not supposed to hate their enemies, but let there be no mistake: liberals ARE our enemies.  Big government liberals of today are as much enemies of Jesus Christ as were the big government Romans who crucified Him and who thrust a spear through His heart while He hung on the cross.

Get Your Spiritual House In Order. Because The Beast Is Coming And You Don’t Want To Be With The Huge Majority That Takes His Mark.

November 7, 2012

I write this as I hear the report from Fox News that Ohio has just been called for Obama.

Amazingly, and I would suggest incredibly insanely, the American people have decided that the status quo – Barack Obama as president, a Senate that hasn’t bothered to pass a budget in over three years, and a House of Representatives that is even more firmly under Republican control – is the path to a great and glorious future.  Part of me wants to cry, but I dare say the larger part wants to start laughing my dang head off at the sheer idiocy of the American electorate.

As I contemplate a second Obama term, a couple of quotes come to mind:

A journalist named Stephen Laurant had been jailed circa 1935 for questioning Nazism:

I am writing this from cell 24. Outside a new Germany is being created. Many millions are rejoicing. Hitler is promising everyone precisely what they want. I think when they wake to their sobering senses, they will find they have been led by the nose and duped by lies.”

And then one from Jewish doctor Herta Knotwolf:

“So many worship him as their savior, their redeemer from unbearable poverty.  Many are filled with some have worry, but all are united in the words, ‘Now things will change.”

Ah, yes, hope and change.

I wonder how that worked out for old Herta.  Because things very certainly DID change.  I mean, she was certainly spot on about that part, right?

This isn’t about intelligence; it’s about moral intelligence.  In the 1930s when the German people were busy electing the Nazi Party and Adolf Hitler to power, they were the most educated, scientific and literate people on the face of the earth.  Versus the people of the United States, who frankly have never been more stupid in their nation’s entire history.

There simply comes a point in the life of every nation and even every civilization where there is an overwhelming desire to commit suicide and the people give in to that desire.  And those peoples may not have thought that was what they were doing when they made the fatal decisions that resulted in their destruction, but suicide is precisely what they ultimately chose.

And it’s what the United States of America just decided to do.

Our real national debt is now already trillions of dollars beyond the $222 trillion that it was reported as being about three months ago.

Is that $222 trillion number new to you?  Here’s an article for you:

Blink! U.S. Debt Just Grew by $11 Trillion
By Laurence Kotlikoff and Scott Burns Aug 8, 2012 3:30 PM PT

Republicans and Democrats spent last summer battling how best to save $2.1 trillion over the next decade. They are spending this summer battling how best to not save $2.1 trillion over the next decade.

In the course of that year, the U.S. government’s fiscal gap — the true measure of the nation’s indebtedness — rose by $11 trillion.

The fiscal gap is the present value difference between projected future spending and revenue. It captures all government liabilities, whether they are official obligations to service Treasury bonds or unofficial commitments, such as paying for food stamps or buying drones.

Some question whether “official” and “unofficial” spending commitments can be added together. But calling particular obligations “official” doesn’t make them economically more important. Indeed, the government would sooner renege on Chinese holding U.S. Treasuries than on Americans collecting Social Security, especially because the U.S. can print money and service its bonds with watered-down dollars.

For its part, economic theory sees through labels and views a country’s official debt for what it is — a linguistic construct devoid of real economic content. In contrast, the fiscal gap is theoretically well-defined and invariant to the choice of labels. Each labeling choice changes the mix of obligations between official and unofficial, but leaves the total unchanged.

Dangerous Growth

The U.S. fiscal gap, calculated (by us) using theCongressional Budget Office’s realistic long-term budget forecast — the Alternative Fiscal Scenario — is now $222 trillion. Last year, it was $211 trillion. The $11 trillion difference — this year’s true federal deficit — is 10 times larger than the official deficit and roughly as large as the entire stock of official debt in public hands.

This fantastic and dangerous growth in the fiscal gap is not new. In 2003 and 2004, the economists Alan Auerbach and William Gale extended the CBO’s short-term forecast and measured fiscal gaps of $60 trillion and $86 trillion, respectively. In 2007, the first year the CBO produced the Alternative Fiscal Scenario, the gap, by our reckoning, stood at $175 trillion. By 2009, when the CBO began reporting the AFS annually, the gap was $184 trillion. In 2010, it was $202 trillion, followed by $211 trillion in 2011 and $222 trillion in 2012.

So, based on that actual debt increasing by $11 trillion in one year and three full months passing since the announcement of said debt, that figure is now $222 trillion plus an additional $2.75 trillion.  So please don’t stare at the zeros as they whiz by or your eyeballs will pop out and it is no easy job trying to stick them back into your skull.

And with an Obama who has increased the “official” national debt by sixty percent in only four years, along with a Democrat Senate that hasn’t bothered to pass a budget in well over three years (it’s been 1,259 days since Harry Reid’s Senate passed a budget back on April 23 of 2009), and a Republican-controlled House that has already shown they will not abandon their agenda or their constituents, well, that’s your team who will take on looming disaster.

We just elected our own destruction.  Taxmaggedom is an example of this dilemma we just voted to perpetuate: they’ll probably be able to kick the can of economic calamity down the road for another few months, but that calamity will continue to hang over our heads like a shrapnel-loaded bomb waiting to blow up in our national face.

I know many of you love suspense, but what’s going to happen is “disaster” will be wearing Harlem Globetrotter uniforms and coming from every direction while Team Obama will be dressed in Washington Generals uniforms.  And by the end of the game, Disaster will have made America look incredibly stupid.

We’re a hopelessly fractured nation under Obama.  And just to try to describe that in election night terms, Obama will be the first president in history to be reelected by a smaller electoral college majority than he was elected with when he first became president, and as I write this Obama is actually over two-hundred thousand votes behind in the popular vote.  Not that it will matter to Obama, who will view his victory as a mandate.

Click here if you would like to see what a “mandate” actually looks like.

And that division and bitterness and inability to solve any of our crises – which was worse than it has EVER been these last four years under Obama – will get worse.  I promise you.  And that is because we, like the locusts, have no leader; rather, we have a demagogue who masquerades as a leader.  He is capable only of blaming others while refusing to accept any responsibility for pretty much anything.  We’re going to be paying dearly for that.

I don’t know how to tell you this, America.  You deserve to suffer for your stupidity.  And you’re going to get what you deserve.  Because this is still God damn America, full speed ahead to hell.

By the time Barack Hussein Obama leaves office in 2016, America will be the proverbial headless chicken.  We might still be technically on our feet, but we’re going to be dead.  Unless you’re reaching into your pocket as we speak to pay that $224.75 trillion our country owes, that is.  Anyone?  Is that crickets I hear?

We are a nation that cannot even POSSIBLY begin to come together to solve our problems.  And the reelection of the most partisan and most divisive president to ever lead America is all you need to know to realize that the United States of America will NEVER be able to come together.  Until Antichrist comes along to sweep the same fools off their feet who were swept off their feet by Obama.

How does Antichrist come to power?  Revelation chapter six describes the scenario: a complete global economic collapse, wars on top of wars as nation and ethnic group fight nation and ethnic group to the death over resources and grudges, famine and mass death will characterize the world that Antichrist will ride to save on his white horse.

I look at that $224.75 trillion debt, I look at a European failed experiment in socialism that is teetering on the brink of collapse, and I feel in my gut that Revelation 6 isn’t very far away from the real world.

Antichrist will literally be worshiped by the entire world.  Why?  Because he will appear to have all the answers, and people will look at what the world had been like before the beast came along to save them, and behold the vision that the Antichrist shows them, and literally the entire world will belong to this coming tyrant.

The interesting thing is that absolutely everything we know about this coming Antichrist screams “big government.”  The Antichrist will be the ultimate big government socialist.  Period.   If you are a typical liberal who admires the United Nations, well, your future object of worship will literally BE the United Nations.  The entire planet will rally behind this man.  If you think that the government ought to have a stronger hand in the economy, worry no more: because the government of the Antichrist will have complete control over anything that has anything whatsoever to do with the economy.

Oh, Obama is going to fail something fierce, but you Democrats can already breathe a future sigh of relief right now: because the Antichrist you will soon be worshiping will fulfill your wildest dreams.

The Antichrist will also be the quintessential politician.

The Book of Daniel applies the term “wisdom” to both Daniel and the coming Antichrist.  Daniel was given wisdom to understand riddles and unravel them; Antichrist will have the wisdom to understand riddles and therefore tie the truth up in knots such that no human being will be able to penetrate his facade of lies and deceit.

He’s coming.  And he’s going to be here very soon.  And if you haven’t already made your decision for Jesus Christ, you will fall prey to the beast’s wisdom and you will worship him and you will take his mark.

Are you dismayed over the election last night?

Don’t be.  Read this:

An old missionary couple had been working in Africa for years and were  returning to New York to retire. They had no pension; their health was  broken; they were defeated, discouraged, and afraid. They discovered  they were booked on the same ship as President Teddy Roosevelt, who was  returning from one of his big-game hunting expeditions.

No one paid any attention to them. They watched the fanfare that  accompanied the President’s entourage, with passengers trying to catch a  glimpse of the great man. As the ship moved across the ocean, the old  missionary said to his wife, “Something is wrong.” “Why should we have  given our lives in faithful service for God in Africa all these many  years and have no one care a thing about us? Here this man comes back  from a hunting trip and everybody makes much over him, but nobody gives  two hoots about us.”

“Dear, you shouldn’t feel that way”, his wife said. He replied “I can’t  help it; it doesn’t seem right.”

When the ship docked in New York, a band was waiting to greet the  President. The mayor and other dignitaries were there. The papers were  full of the President’s arrival. No one noticed this missionary couple.  They slipped off the ship and found a cheap flat on the East Side,  hoping the next day to see what they could do to make a living in the  city.

That night the man’s spirit broke. He said to his wife, “I can’t take  this; God is not treating us fairly”. His wife replied, “Why don’t you  go in the bedroom and tell that to the Lord?”

A short time later he came out from the bedroom, but now his face was  completely different. His wife asked, “Dear, what happened?” “The Lord  settled it with me”, he said. “I told Him how bitter I was that the  President should receive this tremendous homecoming, when no one met us  as we returned home. And when I finished, it seemed as though the Lord  put His hand on my shoulder and simply said;

“But you’re not home yet.”

Author Unknown

America isn’t your home.

America has been hijacked by people who are determined to worship the beast and to force the country to worship the beast with them.

It’s sad, of course.  There’s no question it’s sad.  And you might feel sick, broken, defeated, discouraged and afraid.

But this isn’t your home.

And the same God who forewarned us about the world that would worship Antichrist also told us about a wonderful eternity that awaits all those who have placed their trust not in human government but in the Lamb of God.

If you still feel discouraged, go to your Bible and cheat: turn to the last page of Revelation to see who wins.

Obama Has Just Taken God Damn America To $16 Trillion In Debt (Mind You, Our Actual Debt Is $222 Trillion And SKYROCKETING)

September 5, 2012

Barack Obama fortuitously provides my setup for me as I point the angry finger of blame he once pointed right back in his fool face:

“The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents – #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.” — Barack Obama, 3 July 2008

Obama gives us the relevant numbers himself: Bush gave us $4 trillion in debt over eight years and that was so irresponsible and such a failure in leadership that it’s “unpatriotic.”  Those are Obama’s own words that he was elected under.  And Obama started out with a national debt of $10 trillion and promised the American people he would cut the deficit in half during his first term.

That deficit that Obama promised to cut in half was $455 billion.  That is a fact as can be seen below.  Not only did Obama NOT keep his self-righteous, lying, hypocrite promise to cut the deficit in half in his first term, he has more than doubled that deficit each year of his presidency and one year MORE THAN TRIPLED it.  And not only has Obama given us trillion-PLUS dollar deficits every single year of his presidency, but in fact he has created the disastrous future of trillion dollar deficits as far as the eye can see until America collapses.

Obama demonized Bush for a debt that was so enormous that it would cost every man, woman and child in America $30,000 to pay.  And what did he do?  He gave us a debt that will now cost every man, woman and child in America more than $50,000 to pay!

It’s not just that Obama is a liar; he is a truly demonic liar. And Obama has been “governing” or “leading” by counting on his ability to lie faster than the other side can correct his lies.

Here are the official budget deficit numbers:

  • 2011 – $1.5 trillion budget deficit (projected)
  • 2010 – $1.3 trillion budget deficit
  • 2009 – $1.4 trillion budget
  • 2008 – $455 billion budget deficit
  • 2007 – $162 billion budget deficit
  • 2006 – $248.2 billion budget deficit
  • 2005 – $319 billion budget deficit
  • 2004 – $412.7 billion budget deficit
  • 2003 – $377.6 billion budget deficit
  • 2002 – $157.8 billion budget deficit
  • 2001 – $128.2 billion budget surplus

It has become very difficult to estimate Obama’s and the Democrat Party’s deficits.  Because they have wickedly refused to even BOTHER to pass a budget as required by law for 1,224 days.  Republicans in the House have done their job every year they have governed, both during the time that they controlled both branches of the Congress in 2006 (when the final Republican congressional budget under Bush was just $162 billion) and since they retook the House in 2010.  But Democrats who control the Senate have refused to do their duty and pass ANY budget at ALL.

It’s official: We are now $16 trillion in debt
posted at 6:58 pm on September 4, 2012 by Erika Johnsen

That. Just. Happened. There’s been a bit of waffling on when exactly it occurred between last Friday and Tuesday, but regardless, that ship has sailed.

Total U.S. government debt eclipsed $16 trillion for the first time Friday, new government data show, as total federal borrowing continues marching toward the $16.394 trillion borrowing limit.

The Treasury Department said total government debt hit $16,015,769,788,215.80 on Friday, up $25 billion from the day before. The amount of federal debt subject to the borrowing limit is actually slightly less, as it doesn’t include several types of borrowing, and it stood at $15.977 trillion on Friday.

Ah yes, remember when Obama promised he’s cut the deficit in half by the end of his first term in office? Heh, that ol’ chestnut. In actuality, President Obama has added over $5.4 trillion to the debt during less than four years in office, more than any other president and approximately a trillion more than President Bush during his full two terms in office. So, there’s that.

Parting thought: How much is a trillion?

If Obama is a one-term president, which he himself by his own rhetoric said he ought to be, he will have added more than $6 trillion to the debt in his four years by the time he leaves office.  The same man who viciously demonized his predecessor for adding less than $5 trillion over EIGHT years.  The national debt is over $16 trillion now, and it’s going to keep piling on and piling on until January 2013.  With at least $500 billion in interest to pay on top of that.

But don’t forget the REAL debt is actually $222 trillion:

The U.S. fiscal gap, calculated (by us) using theCongressional Budget Office’s realistic long-term budget forecast — the Alternative Fiscal Scenario — is now $222 trillion. Last year, it was $211 trillion. The $11 trillion difference — this year’s true federal deficit — is 10 times larger than the official deficit and roughly as large as the entire stock of official debt in public hands.

Now, the fact of the matter is that 99.9 percent of that supermassive debt have been loaded on the back of America’s children – because Democrats love “free stuff” that SOMEBODY ELSE gets forced to pay for – was created by Democrat entitlement programs that should have never been passed in the first place.  Both Social Security and Medicare would have been FAR more stable and pay out FAR better benefits if they had been privatized from the very start as Republicans wanted.  But Democrats imposed their socialism by force and it is only a matter of time before their government fascist takeover implodes America.  Unless YOU’VE got $222 trillion in your pocket.

Democrats have murdered America.

What they’ve done to the country they’ve done to the liberal states and the liberal cities.   Go to Illinois, the king of the deadbeat states. You watch a 60 Minute Story and you will be PISSED at what slimebag Democrat cockroaches have done. Go to California, where Democrats have created a $500 BILLION unfunded pension black hole of doom. Look at America under Obama and take note that America just passed the $16 trillion mark that was $10 trillion when Bush left office. Barack Obama DEMONIZED George Bush for increasing the debt by $4 trillion over eight years – look what that Marxist weasel has done in HALF the time by piling on $6 trillion in debt in only FOUR years!!!

This election isn’t a “do-over.”  The odds are that Obama has already fatally wounded America with his insane spending and his bizarre “logic” and his constant fracturing of America on the basis of race and gender and income.  But if you vote for Obama now, you are literally voting for the suicide of America.

Frightening Article About Impending Economic Collapse – The Hoofbeats Of The 4 Horsemen Of The Apopalypse Are Beginning To Echo

August 21, 2012

It’s not just Europe that is on the brink.  America’s true fiscal gap is a beyond completely insane $222 TRILLION and if Europe doesn’t fall into the fiery pit of hell first, we will.  And things are not going at all well in China, either.

But read this about Europe and try having a good sleep tonight.  Because one thing is for sure: if Europe collapses, the Greatest Depression will start here the same day.

Jacob Rothschild, John Paulson And George Soros Are All Betting That Financial Disaster Is Coming

Are you willing to bet against three of the wealthiest men in the entire world? Jacob Rothschild recently bet approximately 200 million dollars that the euro will go down. Billionaire hedge fund manager John Paulson made somewhere around 20 billion dollars betting against the U.S. housing market during the last financial crisis, and now he has made huge bets that the euro will go down and that the price of gold will go up. And as I wrote about in my last article, George Soros put approximately 130 million more dollars into gold last quarter. So will the euro plummet like a rock? Will the price of gold absolutely soar? Well, if a massive financial disaster does occur both of those two things are likely to happen. The European economy is becoming more unstable with each passing day, and investors all over the globe are looking for safe places to put their money. The mainstream media keeps telling us that everything is going to be okay, but the global elite are sending us a much, much different message by their actions. Certainly Rothschild, Paulson and Soros know about things happening in the financial world that the rest of us don’t. The fact that they are all behaving in a consistent manner right now should be alarming for all of us.

Let’s start with Jacob Rothschild. Apparently he believes that the euro is headed for quite a tumble. The following is from a recent CNBC article….

You know the euro is in deep water when a doyen of the banking industry, Lord Jacob Rothschild takes a £130 million ($200 million) bet against it.

Okay, but the euro has already been falling dramatically. In mid-2011, the EUR/USD was above the 1.40 mark, and right now it is at about 1.23.

Does it really have that much more that it can fall?

If the eurozone ends up breaking apart it sure does.

If there is a Greek default, or if Germany leaves the euro, or if a new currency comes along to replace the euro those currently betting against it will end up looking like geniuses.

Another big name in the financial world that is betting against the euro right now is John Paulson. The following is from a recent Der Spiegel article….

One of these warriors is John Paulson. The hedge fund manager once made billions by betting on a collapse of the American real estate market. Not surprisingly, the financial world sat up and took notice when Paulson, who is now widely despised in America as a crisis profiteer, announced in the spring that he would bet on a collapse of the euro.

And as I noted in my last article, Paulson has also been putting billions of dollars into gold.

So just what are Rothschild and Paulson anticipating?

Could we be on the verge of a massive financial collapse in Europe?

According to the Der Spiegel article mentioned above, a lot of investors seem to be preparing for such a possibility right now….

Banks, companies and investors are preparing themselves for a collapse of the euro. Cross-border bank lending is falling, asset managers are shunning Europe and money is flowing into German real estate and bonds. The euro remains stable against the dollar because America has debt problems too. But unlike the euro, the dollar’s structure isn’t in doubt.

The financial world is starting to wake up to the fact that the globe is absolutely drowning in debt and it is not really good to be holding fiat currencies when a debt crisis erupts.

When men like John Paulson and George Soros start pouring huge amounts of money into gold, it is time to start becoming alarmed about the state of the global financial system.

The amount of money that these men are investing in gold is staggering….

There was also news last week in an SEC filing that both George Soros and John Paulson had increased their investment in SPDR Gold Trust, the world’s largest publicly traded physical gold exchange traded fund (ETF).

Mr Soros upped his stake in the ETF to 884,400 shares from 319,550 and Mr Paulson bought 4.53m shares, bringing his stake to 21.3m.

At the current price of about $156 a share, these are new investments of about $88m of Mr Soros’ cash and more than $700m from Mr Paulson’s funds. These are significant positions.

And the central banks of the world are certainly buying gold at an unprecedented rate as well. According to the World Gold Council, the central banks of the world added 157.5 metric tons of gold last quarter. That was the biggest move into gold by the central banks of the globe that we have seen in modern financial history.

But that might just be the beginning.

According to a recent Marketwatch article, there are persistent rumors that China has plans to buy thousands of metric tons of gold….

Within the gold market, there is unconfirmed speculation that China plans to buy up to at least 5,000 to 6,000 metric tons of gold and that it will start to buy during this year, according to Kevin Kerr, president of Kerr Trading International.

If China buys this much gold, that would exceed annual, global production of gold, he said. “We do not have enough gold for China to buy that much, and it will take China time to purchase this amount of gold.”

So what comes next?

Nobody is quite sure.

Another major financial crisis could erupt in Europe at any moment.

A major war in the Middle East could start literally at any time.

Renowned investor Jim Rogers believes that things are really going to get “bad after the next election“.

Others believe that the action could start even sooner than that.

The truth is that even though we have not seen a “Lehman Brothers moment” yet, things in Europe just continue to get progressively worse. The following is from a recent article by Mark E. Grant….

Whether you turn your attention to Greece, Spain, Italy, Portugal or even Ireland; it is getting worse. Nowhere on the Continent are things improving and even in France and Germany the financial strains are beginning to show. It is not a question of Euro-bear or Euro-bull; it is just the numbers as they come rolling out month after month.

There is a growing realization in Europe that the euro simply does not work. Italy is absolutely drowning in debt, the Spanish economy has basically descended into a depression, and Greece has been experiencing depression-like conditions for years at this point.

The euro is doomed. The only question is who is going to blink first.

Nobody wants to be the first to leave the euro. There are rumblings that it could actually be Finland that leaves the euro first, and that would please Germany just fine because they don’t want to look like the bad guys in all of this.

But that doesn’t mean that Germany won’t eventually pull the trigger if nobody else does. The German public is sick and tired of bailing out the weak sisters of southern Europe, and at this point it looks like it would take perpetual bailouts just to keep the euro together.

And recently there have been lots of little signs that Germany is starting to move slowly toward the exit doors.

In fact, I found it quite interesting that a giant euro sculpture was recently removed from the Frankfurt International Airport….

A massive € sculpture (identical to the one in front of the European Central Bank) was dismantled and removed from the Frankfurt International Airport in Germany Thursday.

The official explanation is ‘the plastic parts are getting weak after 11 years and the terminal needed the space‘.

Does € sculpture’s removal from the Frankfurt Airport indicate Germany is preparing for a surprise return to the Deutsche Mark?

Sure that might just be a coincidence, but it also could be a harbinger of things to come.

Sadly, most average people living in North America and Europe have absolutely no idea what is coming. Most of them just want to be able to get up in the morning and go to work and pay the bills and take care of their families.

Unfortunately, millions upon millions of those hard working individuals are in for a very rude awakening.

A lot of people are about to have their current lifestyles totally turned upside down.

But it doesn’t have to be all bad.

In fact, I found it very interesting to read about how some young people are responding to the depression in Greece….

In the spring of 2010, just as the Greek government was embarking on some of its harshest austerity measures, 29-year-old Apostolos Sianos packed in his well-paid job as a website designer, gave up his Athens apartment and walked away from modern civilisation.

In the foothills of Mount Telaithrion on the Greek island of Evia, Mr Sianos and three other like-minded Athenians set up an eco-community.

The idea was to live in an entirely sustainable way, free from the ties of money and cut off from the national electricity grid.

The group sleeps communally in yurts they have built themselves, they grow their own food and exchange the surplus in the nearest village for any necessities they cannot produce.

I think there is a lesson to be learned there.

When the system fails, it is going to be important to be able to live independently of the system.

Governments and big banks all over the world have been rapidly preparing for the coming financial collapse.

Perhaps the rest of us should be too.

If you can believe it, 77 percent of all Americans live paycheck to paycheck at least some of the time.

If another major economic crisis comes along, many of those people are going to be totally wiped out.

And there are already signs that the U.S. economy is basically on life support at this point.

Just look at the velocity of money.

In an economy that is growing and healthy, money tends to circulate very, very quickly.

But when an economy is sick, money tends to circulate very slowly.

And that is exactly what is happening right now. In fact, the velocity of money is currently at the lowest level in modern U.S. history….

For much more discussion on this, please check out this article.

This is exactly what happened back in the 1930s. The velocity of money absolutely plummeted. When people are scared, credit is tight and times are hard, money does not exchange hands as rapidly.

But this is just the beginning.

What we are experiencing right now is rip-roaring prosperity compared to what is coming.

Jacob Rothschild, John Paulson and George Soros are preparing themselves for the tremendous chaos that is coming.

Are you getting prepared?

I found this comment to this article on FreeRepublic rather chilling as well:

Velocity Of Money is the frequency with which a unit of money is spent on new goods and services. It is a far better indicator of economic activity than GDP, consumer prices, the stock market, or sales of men’s underwear (which Greenspan was fond of ogling). In a healthy economy, the same dollar is collected as payment and subsequently spent many times over. In a depression, the velocity of money goes catatonic. Velocity of money is calculated by simply dividing GDP by a given money supply. This VoM chart using monetary base should end any discussion of what ”this” is and whether or not anybody should be using the word “recovery” with a straight face:

I’ve said it over and over and I’ll say it again: the beast is coming.  Revelation chapter six prophesies the world in the last days in total meltdown: economic catastrophe, wars upon wars, famines and grim diseases.  And into that maelstrom comes the beast – the Antichrist, the ultimate false messiah who will make the false messiah Obama look like a fart in a hurricane – riding in on his white horse to save the day.

Why will the world worship the beast and literally take his mark upon their right hands or foreheads in act of economic worship?  Because he will enter the scene during a time of complete catastrophe and chaos and despair and seem to have all the answers.  But it will be not only under but because of his leadership that his promised Utopia degenerates into complete hell on earth in only seven short years.

Harvard Professor Provides Systematic And Scathing Take Down Of Obama’s Entire Presidency: Obama’s Gotta Go

August 21, 2012

The following isn’t a takedown of Obama for merely failing to turn the economy around; it is a scathing indictment of Obama’s entire premise for his 2008 entire campaign and failed presidency:

Niall Ferguson: Obama’s Gotta Go
Aug 19, 2012 1:00 AM EDT
Why does Paul Ryan scare the president so much? Because Obama has broken his promises, and it’s clear that the GOP ticket’s path to prosperity is our only hope.

I was a good loser four years ago. “In the grand scheme of history,” I wrote the day after Barack Obama’s election as president, “four decades is not an especially long time. Yet in that brief period America has gone from the assassination of Martin Luther King Jr. to the apotheosis of Barack Obama. You would not be human if you failed to acknowledge this as a cause for great rejoicing.”

Newsweek
 

Despite having been—full disclosure—an adviser to John McCain, I acknowledged his opponent’s remarkable qualities: his soaring oratory, his cool, hard-to-ruffle temperament, and his near faultless campaign organization.

Yet the question confronting the country nearly four years later is not who was the better candidate four years ago. It is whether the winner has delivered on his promises. And the sad truth is that he has not.

In his inaugural address, Obama promised “not only to create new jobs, but to lay a new foundation for growth.” He promised to “build the roads and bridges, the electric grids, and digital lines that feed our commerce and bind us together.” He promised to “restore science to its rightful place and wield technology’s wonders to raise health care’s quality and lower its cost.” And he promised to “transform our schools and colleges and universities to meet the demands of a new age.” Unfortunately the president’s scorecard on every single one of those bold pledges is pitiful.

COVER STORY: Obama has broken his promises, and it’s clear that the GOP ticket’s path to prosperity is our only hope bit.ly/QQLouG

In an unguarded moment earlier this year, the president commented that the private sector of the economy was “doing fine.” Certainly, the stock market is well up (by 74 percent) relative to the close on Inauguration Day 2009. But the total number of private-sector jobs is still 4.3 million below the January 2008 peak. Meanwhile, since 2008, a staggering 3.6 million Americans have been added to Social Security’s disability insurance program. This is one of many ways unemployment is being concealed.

In his fiscal year 2010 budget—the first he presented—the president envisaged growth of 3.2 percent in 2010, 4.0 percent in 2011, 4.6 percent in 2012. The actual numbers were 2.4 percent in 2010 and 1.8 percent in 2011; few forecasters now expect it to be much above 2.3 percent this year.

Unemployment was supposed to be 6 percent by now. It has averaged 8.2 percent this year so far. Meanwhile real median annual household income has dropped more than 5 percent since June 2009. Nearly 110 million individuals received a welfare benefit in 2011, mostly Medicaid or food stamps.

Welcome to Obama’s America: nearly half the population is not represented on a taxable return—almost exactly the same proportion that lives in a household where at least one member receives some type of government benefit. We are becoming the 50–50 nation—half of us paying the taxes, the other half receiving the benefits.

Niall Ferguson discusses Obama’s broken promises on ‘Face the Nation.’  [See site for video]

And all this despite a far bigger hike in the federal debt than we were promised. According to the 2010 budget, the debt in public hands was supposed to fall in relation to GDP from 67 percent in 2010 to less than 66 percent this year. If only. By the end of this year, according to the Congressional Budget Office (CBO), it will reach 70 percent of GDP. These figures significantly understate the debt problem, however. The ratio that matters is debt to revenue. That number has leapt upward from 165 percent in 2008 to 262 percent this year, according to figures from the International Monetary Fund. Among developed economies, only Ireland and Spain have seen a bigger deterioration.

Not only did the initial fiscal stimulus fade after the sugar rush of 2009, but the president has done absolutely nothing to close the long-term gap between spending and revenue.

His much-vaunted health-care reform will not prevent spending on health programs growing from more than 5 percent of GDP today to almost 10 percent in 2037. Add the projected increase in the costs of Social Security and you are looking at a total bill of 16 percent of GDP 25 years from now. That is only slightly less than the average cost of all federal programs and activities, apart from net interest payments, over the past 40 years. Under this president’s policies, the debt is on course to approach 200 percent of GDP in 2037—a mountain of debt that is bound to reduce growth even further.

Newsweek’s executive editor, Justine Rosenthal, tells the story behind Ferguson’s cover story.  [See site for video]

And even that figure understates the real debt burden. The most recent estimate for the difference between the net present value of federal government liabilities and the net present value of future federal revenues—what economist Larry Kotlikoff calls the true “fiscal gap”—is $222 trillion.

The president’s supporters will, of course, say that the poor performance of the economy can’t be blamed on him. They would rather finger his predecessor, or the economists he picked to advise him, or Wall Street, or Europe—anyone but the man in the White House.

There’s some truth in this. It was pretty hard to foresee what was going to happen to the economy in the years after 2008. Yet surely we can legitimately blame the president for the political mistakes of the past four years. After all, it’s the president’s job to run the executive branch effectively—to lead the nation. And here is where his failure has been greatest.

Jobs Graphic
 

On paper it looked like an economics dream team: Larry Summers, Christina Romer, and Austan Goolsbee, not to mention Peter Orszag, Tim Geithner, and Paul Volcker. The inside story, however, is that the president was wholly unable to manage the mighty brains—and egos—he had assembled to advise him.

According to Ron Suskind’s book Confidence Men, Summers told Orszag over dinner in May 2009: “You know, Peter, we’re really home alone … I mean it. We’re home alone. There’s no adult in charge. Clinton would never have made these mistakes [of indecisiveness on key economic issues].” On issue after issue, according to Suskind, Summers overruled the president. “You can’t just march in and make that argument and then have him make a decision,” Summers told Orszag, “because he doesn’t know what he’s deciding.” (I have heard similar things said off the record by key participants in the president’s interminable “seminar” on Afghanistan policy.)

This problem extended beyond the White House. After the imperial presidency of the Bush era, there was something more like parliamentary government in the first two years of Obama’s administration. The president proposed; Congress disposed. It was Nancy Pelosi and her cohorts who wrote the stimulus bill and made sure it was stuffed full of political pork. And it was the Democrats in Congress—led by Christopher Dodd and Barney Frank—who devised the 2,319-page Wall Street Reform and Consumer Protection Act (Dodd-Frank, for short), a near-perfect example of excessive complexity in regulation. The act requires that regulators create 243 rules, conduct 67 studies, and issue 22 periodic reports. It eliminates one regulator and creates two new ones.

It is five years since the financial crisis began, but the central problems—excessive financial concentration and excessive financial leverage—have not been addressed.

Today a mere 10 too-big-to-fail financial institutions are responsible for three quarters of total financial assets under management in the United States. Yet the country’s largest banks are at least $50 billion short of meeting new capital requirements under the new “Basel III” accords governing bank capital adequacy.

obama-has-to-go-FE01-main
Charles Ommanney for Newsweek

And then there was health care. No one seriously doubts that the U.S. system needed to be reformed. But the Patient Protection and Affordable Care Act (ACA) of 2010 did nothing to address the core defects of the system: the long-run explosion of Medicare costs as the baby boomers retire, the “fee for service” model that drives health-care inflation, the link from employment to insurance that explains why so many Americans lack coverage, and the excessive costs of the liability insurance that our doctors need to protect them from our lawyers.

Ironically, the core Obamacare concept of the “individual mandate” (requiring all Americans to buy insurance or face a fine) was something the president himself had opposed when vying with Hillary Clinton for the Democratic nomination. A much more accurate term would be “Pelosicare,” since it was she who really forced the bill through Congress.

Pelosicare was not only a political disaster. Polls consistently showed that only a minority of the public liked the ACA, and it was the main reason why Republicans regained control of the House in 2010. It was also another fiscal snafu. The president pledged that health-care reform would not add a cent to the deficit. But the CBO and the Joint Committee on Taxation now estimate that the insurance-coverage provisions of the ACA will have a net cost of close to $1.2 trillion over the 2012–22 period.

The president just kept ducking the fiscal issue. Having set up a bipartisan National Commission on Fiscal Responsibility and Reform, headed by retired Wyoming Republican senator Alan Simpson and former Clinton chief of staff Erskine Bowles, Obama effectively sidelined its recommendations of approximately $3 trillion in cuts and $1 trillion in added revenues over the coming decade. As a result there was no “grand bargain” with the House Republicans—which means that, barring some miracle, the country will hit a fiscal cliff on Jan. 1 as the Bush tax cuts expire and the first of $1.2 trillion of automatic, across-the-board spending cuts are imposed. The CBO estimates the net effect could be a 4 percent reduction in output.

The failures of leadership on economic and fiscal policy over the past four years have had geopolitical consequences. The World Bank expects the U.S. to grow by just 2 percent in 2012. China will grow four times faster than that; India three times faster. By 2017, the International Monetary Fund predicts, the GDP of China will overtake that of the United States.

GDP Graphic
 

Meanwhile, the fiscal train wreck has already initiated a process of steep cuts in the defense budget, at a time when it is very far from clear that the world has become a safer place—least of all in the Middle East.

For me the president’s greatest failure has been not to think through the implications of these challenges to American power. Far from developing a coherent strategy, he believed—perhaps encouraged by the premature award of the Nobel Peace Prize—that all he needed to do was to make touchy-feely speeches around the world explaining to foreigners that he was not George W. Bush.

In Tokyo in November 2009, the president gave his boilerplate hug-a-foreigner speech: “In an interconnected world, power does not need to be a zero-sum game, and nations need not fear the success of another … The United States does not seek to contain China … On the contrary, the rise of a strong, prosperous China can be a source of strength for the community of nations.” Yet by fall 2011, this approach had been jettisoned in favor of a “pivot” back to the Pacific, including risible deployments of troops to Australia and Singapore. From the vantage point of Beijing, neither approach had credibility.

His Cairo speech of June 4, 2009, was an especially clumsy bid to ingratiate himself on what proved to be the eve of a regional revolution. “I’m also proud to carry with me,” he told Egyptians, “a greeting of peace from Muslim communities in my country: Assalamu alaikum … I’ve come here … to seek a new beginning between the United States and Muslims around the world, one based … upon the truth that America and Islam are not exclusive and need not be in competition.”

Obama
Charles Ommanney for Newsweek

Believing it was his role to repudiate neoconservatism, Obama completely missed the revolutionary wave of Middle Eastern democracy—precisely the wave the neocons had hoped to trigger with the overthrow of Saddam Hussein in Iraq. When revolution broke out—first in Iran, then in Tunisia, Egypt, Libya, and Syria—the president faced stark alternatives. He could try to catch the wave by lending his support to the youthful revolutionaries and trying to ride it in a direction advantageous to American interests. Or he could do nothing and let the forces of reaction prevail.

In the case of Iran he did nothing, and the thugs of the Islamic Republic ruthlessly crushed the demonstrations. Ditto Syria. In Libya he was cajoled into intervening. In Egypt he tried to have it both ways, exhorting Egyptian President Hosni Mubarak to leave, then drawing back and recommending an “orderly transition.” The result was a foreign-policy debacle. Not only were Egypt’s elites appalled by what seemed to them a betrayal, but the victors—the Muslim Brotherhood—had nothing to be grateful for. America’s closest Middle Eastern allies—Israel and the Saudis—looked on in amazement.

“This is what happens when you get caught by surprise,” an anonymous American official told The New York Times in February 2011. “We’ve had endless strategy sessions for the past two years on Mideast peace, on containing Iran. And how many of them factored in the possibility that Egypt moves from stability to turmoil? None.”

Remarkably the president polls relatively strongly on national security. Yet the public mistakes his administration’s astonishingly uninhibited use of political assassination for a coherent strategy. According to the Bureau of Investigative Journalism in London, the civilian proportion of drone casualties was 16 percent last year. Ask yourself how the liberal media would have behaved if George W. Bush had used drones this way. Yet somehow it is only ever Republican secretaries of state who are accused of committing “war crimes.”

The real crime is that the assassination program destroys potentially crucial intelligence (as well as antagonizing locals) every time a drone strikes. It symbolizes the administration’s decision to abandon counterinsurgency in favor of a narrow counterterrorism. What that means in practice is the abandonment not only of Iraq but soon of Afghanistan too. Understandably, the men and women who have served there wonder what exactly their sacrifice was for, if any notion that we are nation building has been quietly dumped. Only when both countries sink back into civil war will we realize the real price of Obama’s foreign policy.

America under this president is a superpower in retreat, if not retirement. Small wonder 46 percent of Americans—and 63 percent of Chinese—believe that China already has replaced the U.S. as the world’s leading superpower or eventually will.

It is a sign of just how completely Barack Obama has “lost his narrative” since getting elected that the best case he has yet made for reelection is that Mitt Romney should not be president. In his notorious “you didn’t build that” speech, Obama listed what he considers the greatest achievements of big government: the Internet, the GI Bill, the Golden Gate Bridge, the Hoover Dam, the Apollo moon landing, and even (bizarrely) the creation of the middle class. Sadly, he couldn’t mention anything comparable that his administration has achieved.

Now Obama is going head-to-head with his nemesis: a politician who believes more in content than in form, more in reform than in rhetoric. In the past days much has been written about Wisconsin Congressman Paul Ryan, Mitt Romney’s choice of running mate. I know, like, and admire Paul Ryan. For me, the point about him is simple. He is one of only a handful of politicians in Washington who is truly sincere about addressing this country’s fiscal crisis.

Deficit Graphic
 

Over the past few years Ryan’s “Path to Prosperity” has evolved, but the essential points are clear: replace Medicare with a voucher program for those now under 55 (not current or imminent recipients), turn Medicaid and food stamps into block grants for the states, and—crucially—simplify the tax code and lower tax rates to try to inject some supply-side life back into the U.S. private sector. Ryan is not preaching austerity. He is preaching growth. And though Reagan-era veterans like David Stockman may have their doubts, they underestimate Ryan’s mastery of this subject. There is literally no one in Washington who understands the challenges of fiscal reform better.

Just as importantly, Ryan has learned that politics is the art of the possible. There are parts of his plan that he is understandably soft-pedaling right now—notably the new source of federal revenue referred to in his 2010 “Roadmap for America’s Future” as a “business consumption tax.” Stockman needs to remind himself that the real “fairy-tale budget plans” have been the ones produced by the White House since 2009.

I first met Paul Ryan in April 2010. I had been invited to a dinner in Washington where the U.S. fiscal crisis was going to be the topic of discussion. So crucial did this subject seem to me that I expected the dinner to happen in one of the city’s biggest hotel ballrooms. It was actually held in the host’s home. Three congressmen showed up—a sign of how successful the president’s fiscal version of “don’t ask, don’t tell” (about the debt) had been. Ryan blew me away. I have wanted to see him in the White House ever since.

It remains to be seen if the American public is ready to embrace the radical overhaul of the nation’s finances that Ryan proposes. The public mood is deeply ambivalent. The president’s approval rating is down to 49 percent. The Gallup Economic Confidence Index is at minus 28 (down from minus 13 in May). But Obama is still narrowly ahead of Romney in the polls as far as the popular vote is concerned (50.8 to 48.2) and comfortably ahead in the Electoral College. The pollsters say that Paul Ryan’s nomination is not a game changer; indeed, he is a high-risk choice for Romney because so many people feel nervous about the reforms Ryan proposes.

Want to discuss this week’s cover story? Use the hashtag –just as it appears on the cover.

But one thing is clear. Ryan psychs Obama out. This has been apparent ever since the White House went on the offensive against Ryan in the spring of last year. And the reason he psychs him out is that, unlike Obama, Ryan has a plan—as opposed to a narrative—for this country.

Mitt Romney is not the best candidate for the presidency I can imagine. But he was clearly the best of the Republican contenders for the nomination. He brings to the presidency precisely the kind of experience—both in the business world and in executive office—that Barack Obama manifestly lacked four years ago. (If only Obama had worked at Bain Capital for a few years, instead of as a community organizer in Chicago, he might understand exactly why the private sector is not “doing fine” right now.) And by picking Ryan as his running mate, Romney has given the first real sign that—unlike Obama—he is a courageous leader who will not duck the challenges America faces.

The voters now face a stark choice. They can let Barack Obama’s rambling, solipsistic narrative continue until they find themselves living in some American version of Europe, with low growth, high unemployment, even higher debt—and real geopolitical decline.

Or they can opt for real change: the kind of change that will end four years of economic underperformance, stop the terrifying accumulation of debt, and reestablish a secure fiscal foundation for American national security.

I’ve said it before: it’s a choice between les États Unis and the Republic of the Battle Hymn.

I was a good loser four years ago. But this year, fired up by the rise of Ryan, I want badly to win.

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Niall Ferguson is a professor of history at Harvard University. He is also a senior research fellow at Jesus College, Oxford University, and a senior fellow at the Hoover Institution, Stanford University. His Latest book, Civilization: The West and the Rest, has just been published by Penguin Press.

This article is a complete ass-kicking of Obama.  Which is why the doctrinaire ideologue left immediately came so completely unglued by it.