No Financial assets = hunger and fear and then NO FEAR

By , June 25, 2009 7:20 pm

What is the difference between what is happening in Iran and what is happening here in America with this administration and the Democratic controlled Congress?In Iran the folks in power are killing their citizens for nothing more than their speaking out against conditions they believe are unjust.In America the folks in power are firing a Solicitor General, telling giant industries who their CEO will be, telling big banks what to do and who to buy out, telling corporate America not to vacation in Las Vegas, making void contractual obligations in the case of secure bond holders taking back seat to the UAW and as of yesterday creating our version of “State Run TV”. The end result is the same; the silencing of any opposition.

I wrote back in January not to be deceived by the up swings in the market nor by the rosy picture presented by Wall Street and our Government. I predicted 19-25 % unemployment by next fall; but these figures will be hidden or covered up by this administration, the employment and the results there of will be there and felt nationwide none the less. Read my post “World-Wide Financial Armageddon dated 12 may 2009 under “weekly thought”.This recession will be different from the last three in that unemployment will continue to raise thereby creating hyperinflation and then deflation which will simply lead to more unemployment.

With the extremely progressive polices coming out of this Congress and Administration this scenario only has one direction it can take us. A depression unlike any seen in 200 years.

Why do I feel so confident of these coming failure and depression? We simply look at the biggest failures in our life time or the last 70 years.

  • US Postal System – Government run
  • Amtrak – Government run/strong government intervention
  • PBS – Strong Government (liberal) intervention
  • The big three auto – Strong (liberal) labor union
  • Our educational system – Strong (liberal) labor union
  • A justice system that rewards child molesters and threatens the parents of children that say Jesus in school – Government (liberal) secular progressive federal judges.

For the first time in over 100 years an extremely progressive Congress and President are in bed with the labor unions and the taxpayer has to pay for their Viagra.

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