by Ian Mosley
The most prestigious financial publication on earth, the Financial Times of London, is predicting the financial collapse of the United States if we don’t get our finances in order, assuming the clinically insane Democrats and the Republicans, who only control the House at this time, can get together and solve all our problems. In other words: Buy lots of canned food, guns and ammo now.
The Financial Times reports: “It was the most startling of warnings. If the US does not get its finances in order ‘we will have a European situation on our hands, and possibly worse’, claimed Paul Ryan, the new Republican chairman of the House of Representatives budget committee. The consequences of not tackling the country’s mounting debt burden would be dire, he last week told an audience of leading budget experts and economists at a gathering in Washington. ‘We will have the riots in the streets, we will have the defaults, we will have all of those ugliness problems,’ he said, referring to ‘French kids lobbing Molotov cocktails at cars, burning down schools because the retirement age will be moved from 60 to 62.’ As it stands today, the US borrows about 40 cents of every dollar it spends. The risks are big. If the government rushes into austerity, cutting too much and too quickly, it could stunt economic recovery.”
What kind of credit rating would you have if you borrowed 40 percent of every dollar you spent –and you tried to do that year after year?
The US could have saved its economy if it listened to Ross Perot and killed off NAFTA and GATT. Instead, we went down the road to outsourcing while letting more and more illiterate needy immigrants with 80 point IQs invade the US. There is no guarantee that America will remain a superpower forever. The more we fill up our nation with Third World people, the more we transition into a hybrid status somewhere between the prosperity of a White nation and the poverty of a Third World nation.
Our plunge to poverty is being further accelerated by liberal hand out programs that give Third World people public education, Section 8 housing, food stamps, free emergency room health care and Affirmative Action jobs –kicking out competent White people so that much less competent Blacks and Latinos can have good-paying jobs that they don’t deserve.
We literally can no longer afford to subsidize a First World lifestyle for the gigantic Black and Latino population in the US today. The Affirmative Action program is further introducing staggering incompetence into both government and private corporations.
The Financial Times goes on “But if the political system cannot forge some kind of consensus on steps to restore US deficits to sustainable levels, the danger is potentially even greater: a sovereign debt crisis in the world’s largest economy.”
The US needs to cut the spending and live within its means. The Democrats absolutely refuse to do this, because they have to buy the votes, that keep them in power, from the unions and the minorities. So they insist on borrowing.
The problem is that when you keep on borrowing and borrowing, eventually you reach a point where no one is willing to lend you any more money. The only way to increase the money in circulation (so Obama can borrow it) is to have the Jewish-controlled Federal Reserve print more and more money, thus increasing the money supply and creating inflation.
If you want to know what happens next, look up the history of Weimar Germany and/or Zimbabwe.
The collapse of the US will start with the financial bankruptcy of the states. California, Illinois and New York will likely be the first states to go bankrupt and this could happen a lot sooner than most people think. Once the Blacks quit getting their welfare checks and evicted from their Section 8 apartments, don’t expect things to stay peaceful.
Gerald Celente has been predicting financial chaos and riots for some time, and he was one of the few to see the subprime mortgage disaster coming. Canned food and ammunition will soon be more important than stocks and bonds.
by Jeff Davis
The city of Detroit is about to close half of its public schools, but since Detroit has been virtually all black for some time now– is anyone really surprised by this?
Detnews.com reports: “Detroit Public Schools would close nearly half of its schools in the next two years, and increase high school class sizes to 62 by the following year, under a deficit-reduction plan filed with the state. The plan, part of a monthly update Emergency Financial Manager Robert Bobb gives the Department of Education, was filed late Monday to provide insight into Bobb’s progress in his attempt to slash a $327 million deficit in the district to zero over the next several years. Under it, the district would slim down from 142 schools now to 72 during 2012-13.”
Look, I have to ask, how can even Blacks run up a $327 million dollar deficit in a school district? I mean, the expenses are fairly up front: teachers and staff, whose salaries are matters of public record, school lunches, etc. OK, this is an expensive undertaking. But $327 million dollars in the hole? How in hell did that happen?
Banking and financial shenanigans aside, which I’m sure are part of the puzzle, could it possibly be that there is almost no tax revenue in Detroit any more? And why might that be? Could it be that the only type of citizen who bothers to pay taxes has fled from Detroit long ago?
Detroit was a great city reaching a peak population of two million. Unfortunately a very large population of Blacks from the South showed up in Detroit to get good-paying factory jobs. And how did the Blacks repay Detroit? They brought so much crime with them that they drove out one long-established auto factory after another and then they drove out all the White people. Many White families literally abandoned homes that had belonged to their grandparents because the Blacks made it too dangerous to even visit their property.
Back to Detnews.com: “Bobb has said school closures, bigger classes and other measures would be needed if he cannot get help from lawmakers to restructure finances in the state’s largest school district. DPS considered but declined to file for bankruptcy in 2009. In the past year, debt in the district has increased by more than $100 million, brought on by a mix of revenue declines in property taxes, reduced state aid, declining enrollment and an unplanned staffing surge this past fall.”
The “staffing surge” was probably some Obama-related boondoggle involving the NEA.
BLACKS CAN’T GOVERN THEMSELVES AND THEY CANNOT BE TRUSTED WITH OTHER PEOPLE’S MONEY.
After 57 years of integration, what part of the above statement is not glaringly obvious?
by Jeff Davis
Do you think food shortages are a thing of the past? Don’t bet on it.
A Breitbart news article reports: “In ‘World on the Edge’, Brown paints a grim picture of how a failed harvest could spark a grain shortage that would send food prices sky-rocketing, cause hunger to spread, governments to collapse and states to fail. Food riots would erupt in low-income countries and with confidence in the world grain market shattered, the global economy could start to unravel…”
This character, Brown is a liberal who wants everybody to eat nothing but veggies and return to the past, when the average height of a grown man was about five foot two and a woman under five feet, and everyone suffered from scurvy, rickets, and chronic malnutrition, and died in their late thirties.
Mandatory vegetarianism has long been an item on the leftist-liberal agenda, although it has taken second place in recent years to “universal health care” –read an incredible government power grab which gives the government power over who gets health care and how much of it.
It is true that there may well be a food shortage looming, but it has more to do with too many black, brown and yellow people on earth. There are seven billion Third World people and only 700 million Whites. We already supply much of the world with food, but we can’t keep up with the limitless growth of the non-White population.
Eventually, there will be food shortages in the Third World. There could be dust bowls and massive crop failures. We probably won’t starve in the US, but we may find shortages of some items and we will probably see $10 boxes of cereal. The Chinese won’t starve either because they have trillions of US dollars and they’ll use that money to compete with us in buying food from American farms.