Friday, March 23, 2012

Economy was looking up for us till gas hit 3.50

While I understand the sentiment and tendency to blame Obama, he's a puppet, albeit a dangerous one. It would appear that for the last 30 years, beginning with Reagan, who talked the talk of less government, and walked the walk of big government, that each successive administration has been progressively worse than the preceding one.

Deficits began climbing through the stratosphere under Reagan and a democratic controlled US CONgress. Who has benefited from all this deficit spending? The top 1 percent wage earners of our population, who are servicing the top 1/10 of 1%, while wages for average Americans have been stagnant since the seventies.

We are rapidly approaching an end game when the US will be enslaved by it's debt, and the budget will be consumed by federal retirement and interest on the debt, as Barry Goldwater described it back in the sixties.

If all of the war mongering by the US has been to preserve the status of the dollar as the world's reserve currency, then all of the US deficit spending has been to benefit the global banking cartel and corporate fascists, and the US would be better off repudiating the debt. Argentina has done it, numerous times. Iceland has done it. Greece, Italy, Ireland, Spain and Portugal (PIIGS) should do it. The dollar should be replaced by an asset backed currency, and all sovereign debt should be absolved. The alternative of doing nothing will result in another 2008 crisis, which was the worst since the the depression of the nineteen thirties, only four times worse.

Oh, and by the way, Obama couldn't pull this stuff off, there is a chief conspirator, and his name is Satan and the Devil. Believe God, love your neighbor as yourself, and God bless.

Economy was looking up for us till gas hit 3.50

No comments:

Post a Comment