Economic Cancer

US Diagnosis: Terminal Bankruptcy

Our doctors, politicians, economist, FED leaders and yes even you and me knew the day of reckoning would come. Well the dawn is breaking. Auto, Bank, Credit Cards and more to come – Retail, Airline, Consumer Electronics etc…. Some of the only beneficiaries are bankruptcy lawyers. And the FED is gearing for another rate cut so inter-banking money will be almost interest free! We conveniently call it a deep RECESSION when in fact this country is dying.

Here are some close facts so listeners can become more aware of how bad it really is:

The US deficit will reach $11 Trillion next year – We refinance the debt and interest + spending Isn’t that what the banks did?
50% (appx) of the deficit is owned by Social Security – Medicare and Medicaid Where did our money go?
Social Security, Medicare and Medicaid are projected at a $99 Trillion deficit Can anyone even fathom that regardless of the above and below?
The FED is printing money 24-7 flooding the world markets with US Dollars Is this Pre War Germany to come – currency devaluing will be a final nail
Healthcare and social programs – stack on another $50 trillion over the next few decades. Healthcare and social programs can’t be paid for – more pandering!

The US is a Consumption Economy – No Longer manufacturing or industrial. Consumers cant or want consume – what does that do to the economy in the next few yrs?
95% of Americans use credit, loans and other debt Credit addition is killing and will kill tens of millions of consumers
All majors sectors of our economy are at historic lows Industrial Revolution era, Depression Era and Pre WW II levels (I hope we hear that)
Unemployment and underemployment have approached historic markers And it will go far beyond 12 years – many more decades to fall in ranks
Corporations crumbling under global competition Unions, High Wages and 2nd largest corporate tax rate

Oh there is so much more! OK now given the above – I would love to hear from anyone that can tell me how the US isn’t insolvent or bankrupt already!

Here is the US Medical picture if easier to visualize:

ILLNESS: Cancer National Deficit Consumption Economy

Cause: Long Term Credit Addition US Lawmakers US Consumers

Symptoms: Run Away Spending Massive Bailouts Consumer Unemployment – Under Employment & Bankruptcy

Doctors: Lawmakers The FED Big Businesses

Treatment: Print Money 24-7 Allocate $2 trillion thus far we don’t have Pray the world holds its confidence in our economy, treasuries and currency


Unfortunately, government and business leaders who most listeners and Americans have never met or spoken to – and never will – are in surgery and recommending radiation treatment to kill off many of us with squeezing the consumer and their ability to work, buy good and keep paying their loans. Doesn’t that seem likely to cause the greater economy to fail and fail again. Yes radiation, FED rate cuts, useless stimulus checks to come, bailout etc… are things in the past that didn’t work. Right – if you continue to do the same – you will get the same result. We need massive transformation and radical solutions or we are DEAD.

So to quote another author “What got you hear..Won’t get you there”. And my favorite “No matter where you go – There you are”. And we are smack in the middle of either saving our way of life or completely ruining our country. So here are the solutions – I have been talking about for a year.

1. Pay off deficit in 1 year.
a. US Institutional Investors – required to invest 100% of the money have over $100 Trillion under management and over 50% in fixed income. Pass Law to require 10% of those monies invest in buying back all US debt = America owes America and Economic Revolution
2. Economy Bonds
a. Only Americans can buy them and the Government gives every tax payer bonds for 5% of their taxes (govt still uses money) and we build a savings nation again.
3. Expunge 30-60-90 – 120 days lates over last year and halt negative reporting until economy settles
a. Why? Our economy depends on consumers. If over $30 million have poor to average credit – they won’t get loans, credit cards etc.. SO THEY CANT BUY ANYTHING – YES EVEN A NEW CAR!
4. Refinance America:
a. We are credit addicted and need rehab. Everyone cannot do this themselves – so the govt should create a huge boom in banking revenue (pay off our loans to banks) by allowing the debts Americans have anyway to be refinanced and consolidated in one payment. This would liberate tens of millions and get their debt under management and require counseling. Toxic loans are toxic because people can’t pay. Through stringent counseling then they can work themselves out of the hole or face many many more bankruptcies.
5. Office of Financial Defense
a. Our economy is the heart and brain of our national security. We are under constant threat right now of Economic War. Immediately set up and office to oversee all economic decisions of this country – ESPECIALLY CONGRESS AND THE BUDGET.

Some food for thought for you and the many listeners we serve.