Wednesday, September 24, 2008

I TOLD YOU THERE WAS ANOTHER $7000 BILLION HANGING OUT THERE!

BUT WHERE ARE ALL THE OTHER SHOES THAT WILL DROP!

Do we really think $700 billion will be the end! What about the education loan, credit card, auto relief programs. Even worse what about the holiday season where our credit addicted country and its consumers won’t have access to the dollars to support the other sectors of the economy. Although the FED is urging the political machine to act and act swiftly the world has lost its confidence in the American markets already. And wait there is more. I assure you theBad Asset Trust will buy more loans and have more dollars printed to support the other sectors of the economy. I say $1 trillion plus up to $1.5 trillion. That will put our deficit close to $11 trillion. I wonder if our citizens even realize the magnitude of that rock around our neck.

What if the FED and politicians bantering around and putting all sorts of stipulations in a bill doesn’t work. Financial meltdown! Worse if we lose our world credit rating and counties don’t buy our national debt and interest so we can simply refinance it and lose faith in our dollar what would happen then? Our economic collapse.

Yes we are facing the worst crisis in American history. We a liken it to the Great Depression but it’s much worse because the world markets being connected and the dollars are so much bigger it is staggering. As the FED prints money night and day to support the problems what is happening to the US dollar. Our value is eroding and fast and already world government that hold hoards of currency are looking to alternatives for trade. What if the dollar was no longer the underlying trade currency? Again boom America is cast into a financial free fall that we cannot print money for and try to buy our way out.

You see we are in a catch 22 thousand. The confluence of so many events that are hitting and roosting here at home means that regardless of the bailout it’s not enough. The Full Faith of the United States Government is waning as Congress is doing the same all over again. The future President will inherit a nightmare and the candidates still haven’t offered a solution like my 10% to clean up the cancer in the American body. Bring in the crash cart for this because it is not over by a long stretch. This will cascade throughout the world and every sector in our economy. We are so far behind the 8 ball with no leadership to fix the issues that I feel compelled to ask every American to oust these politicians in the election and make sure we establish an Office of Economic Defense with a real CEO and team to manage our way out of this over the next decade or our way of life will be halted.

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