CONTEST � The Burning Platform

The more likely scenario is that the US maintains its position as the worlds strongest economy and military power, by any means necessary. While conditions continue to deteriorate globally and domestically to the benefit of the super wealthy. That is, unless a way is found to break the grip of the devil on the throat of the world. With $50T plus or minus in unfunded federal entitlements, the writing is on the wall. When that collapse occurs is difficult to predict, but the most rational analysis is 10 yrs from now, when the tsunami of boomers begin to leave the workforce. Ten years, if you still like your job, but I don't know where you go after Toll Bros and public sector grand poobah. You've ridden the wave, better repatriate to Canada or somewhere else without the debt of the world on their shoulders.

CONTEST � The Burning Platform

CRIMINAL BANKS CAUGHT IN THEIR WEB OF LIES � The Burning Platform

"Those challenges [...] could then be used to investigate the documentation practices that occurred [...]. Inflated income levels, fake home appraisals and other lies inserted into mortgage documents [...] could [...] force big banks to buy back the garbage they peddled in the first place to unwitting investors."

Let's recap, in 2008 the financial markets froze, requiring $T's in bailouts and more $T's to appease the socialists, in 2010 the unraveling begins, in 2012 the world ends, so who gives a shit anyway.

No actually, the MBS problem is anywhere from $135T to $175T, which throwing $1T or $2T either way isn't going to amount to more than a drop in the bucket.

These sleaze bags in the deregulated banking industry, investment firms, secondary mortgage market, and US Congress and Administration should all be rounded up and shot. The only unanswered question is what will fill the void created by their demise? A one world government set up to save the day, or a return to minimal government interference in the lives of individuals as envisioned by the framers of the US Constitution. You can't have it both ways. If banks are going to fail anyway, what was the point of adding $2.4T to the national debt and sustaining annual deficits of $1T? If the banking industry must be restructured in order to write off bad debt, which Ireland is doing now, what does the taxpayer receive in return for all of this deficit spending? I know the answer, the taxpayer and future generations of Americans will forfeit their livlihoods. The US economy has been raided and American wealth looted and paid out to investment firms. The curious part of all this has been why the US taxpayer must foot the bill, and not require Wall Street and Banking to make it right, in the form of lowest cost services to the consumer. Given the sheer magnitude of the fraud, it will be a miracle if all hell doesn't break loose.

CRIMINAL BANKS CAUGHT IN THEIR WEB OF LIES � The Burning Platform

German Premier Calls Multiculturism A Total Failure | AHN

And so, under Geithner and Bernanke, students of the Depression of the 1930's and the Japanese two decades of zero growth, the US and it's allies are set to pursue the policies of protectionism which protracted the depression, and quantitative easing which has doomed the productivity of two generations of young Japanese. How many generations will it take to recover from the orgy of federal spending embarked upon at the end of WWII. Will it take a third world war to clean out the rot that has taken over our society, the transfer of payments from those who work to those who don't in the form of public sector retirement packages and and various and asundry other entitlements including SS, SSI, Medicaid and Medicare.

The US is in a unique position of being the printer of the world's reserve currency and the strongest country both economically and militarily. The current deficit spending curve cannot be maintained without subjecting the entire world to US rule. There will be pressures to consolidate power in a one world government. Yet, this is exactly the wrong solution brought about as a fix for a wrong policy. The correct policy is to reduce deficit spending and cut taxes on the middle class, while maintaining a check on the private sector. Corporations find it cheaper to buy votes in congress than pay their fair share of taxes.

Without cutting spending and taxes, the US has no other choice than to pursue an expansionist policy of appropriating of the resources of other countries. The level of resistance to the acceptance of fiat currency in return for hard goods will determine the length of time the US deficit spending curve can continue to rise. Is there a limit? I believe the ultimate result will be inflation, which will mean the value of goods and services will float with respect to one another. This is basically how the US economy operates today, then the only obstacle is the willingness of the rest of the world to becoming vassal states of the US.

German Premier Calls Multiculturism A Total Failure | AHN

THE SURGE IS WORKING � The Burning Platform

"No improvement"? How about a complete and total disaster. $20T in the can, and the economy hasn’t budged, which proves the system has gotten so skewed that trickle down only goes into some very down pockets. Only by breaking the system can the real economy be restored.

The US outsourced jobs to jurisdictions that allow exploitation of the proletariat, and the US worker and our economy have been left holding the bag. After strip mining the US economy of jobs and raiding the national treasury, what is left besides record bonuses on wall street? I’m not so much interested in what is left, than what can be clawed back or otherwise reappropriated from these thieves.

The high crimes and treason couldn’t have been perpetrated without the collusion of the US Congress, and it may very well require an all out war to exact retribution. With no hope in sight, how long will it be before civil unrest becomes the order of the day. Let’s hope against hope the remedy isn’t a restriction of liberty, but a restoration of such as guaranteed by the US Constitution and a return to providing the common defense and promoting the general weal, instead of providing a safe harbor for terrorists and voting themselves raises and other perks and benefits every other day.

THE SURGE IS WORKING � The Burning Platform

AMERICA – LAND OF THE LAZY � The Burning Platform

China graduates that many math and science grads because they don’t waste their time trying to educate everyone, and forcing people to go to school who don’t want to be there.

They also have an atrocious human rights record.

Their schools are also vastly inferior to the western world. Let them make their place in the world. I enjoy global competition. In fact, if I could live on what a Ukranian, Indian, or Chinese can live on, I could work for the pay they work for. I can’t, but I can also out work any them, and so can any American.

Bill Gates is dead wrong when he says the US needs to bring more H1B Visa holders to the US. Notice, he wants them here, and he wants a cheap labor force. Notice he doesn’t want less money for himself, just everybody else.

I stand by my initial premise that we have an advantage over the rest of the world, that of having won all modern wars, including the cold war. Being the world’s most powerful country, economically and militarily, and the printer of the world’s reserve currency has allowed the US to get away with murder. What remains to be seen is how long it continues and whether the domestic economy can survive once the inevitable public spending contraction occurs.

The ongoing GFC spawned the ongoing SDC and the emerging Domestic Forclosure Crisis (DFC). If there’s no qualified buyers of foreclosed properties, which there doesn’t appear to be, then Banks can foreclose all they like, there assets are going to plummet along with everyone else’s.

AMERICA – LAND OF THE LAZY � The Burning Platform