THE U.S. IS DEPENDENT ON CHINA, RUSSIA AND THE REST OF THE WORLD; OIL DEPENDENCY PALES IN COMPARISON TO AMERICA'S DEPENDENCE ON FOREIGN COUNTRIES BUYING OUR DEBT
9/11 ripped a trillion dollars of value out of our financial markets. Freddie and Fannie, IndyMac and Bear Stearns - The House(ing) of Cards meltdown is much worse. The real reason the FED and FICA are rushing in to shore up the nation's institutions is our dependency on our CREDIT WORTHINESS in the eyes of the world. If America loses its footing and the world nations stop propping our government up by constantly buying our debt, America will fall straight off a cliff. If governments like China or Russia wanted to topple our way of life, they don't have to use military force. America's vulnerability is our economy.
America is playing '52 card pickup' while the world is playing chess and has us in check. With China, for example, owning 1.6+ trillion dollars of U.S. debt and the rest of the world constantly buying our T-Bills and bonds, we are over a barrel and completely dependent on their faith in our financial system. Behind the Curtain the FED and FICA are playing the Wizard of Oz and the curtain is being ripped open.
Ever see "It's a Wonderful Life" where everyone makes a run on the Bailey Building and Loan Assoc.? Check out IndyMac Bank - people walking out of there like the Great Depression Era; people making runs on banks like IndyMac is a thing for the history or storybooks. But it's happening right here in America. Our financial institutions are going bankrupt and our monetary system is teetering like an elephant tied to a small branch hanging off a cliff. A few more inches, a few more collapses and the house of cards falls down.
When you hear naysayers battering the FED and FICA for stepping in to shore up the Freddie Mac and Fannie Mae, you know it's serious. But IS IT ENOUGH? Absolutely not!
If the FED and America's financial institutions do not act massively, not one step at a time, other shoes will begin dropping all over. The more shoes that hit the ground, the more America's financial system and way of life will be threatened. Do you think our enemies know this to be absolutely true? You better believe they do and they know we are being held captive by the world. We think Osama Bin Laden is our enemy? We are told our enemies live in caves and throw rocks at the sun. Not all of our enemies wear a uniform or carry a gun. Our enemies are hugely sophisticated chess players; and financial collapse and denigration of the world's confidence in America is a checkmate.
I have proposed that a law be passed that will require all major institutions in America that invest 100% of their money in the financial markets on behalf of their constituents (401k, Endowment, Taft Hartley, Pensions, etc.) allocate 10% to buy back the U.S. debt and currency that has been hoarded by countries throughout the world. It is simple but sophisticated and would transform America and our financial status in the world and possibly stave off an imminent ECONOMIC WAR where the U.S. is sure to lose.
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