Because he can’t get Congress to approve the things that he wants to do, Barack Obama has apparently decided to rule by decree for the rest of his time in the White House. One of Obama’s latest moves is to try to ban some of the most popular ammunition for the most popular rifle in America. Previously, the Obama administration attempted unsuccessfully to ban the AR-15. That didn’t work, so now Obama is going after the ammunition. This is yet another example of the war on preppers that is going on all over the nation. Whether you are a gun owner or not, this assault on our constitutional rights should disturb you greatly. Barack Obama has promised to try to squeeze as much “change” as possible out of his last two years, and in the process he is “fundamentally transforming” America. But what will our country look like when he is done?
At the top of the Drudge Report today, there was a story from the Washington Examiner detailing this ammo ban…
As promised, President Obama is using executive actions to impose gun control on the nation, targeting the top-selling rifle in the country, the AR-15 style semi-automatic, with a ban on one of the most-used AR bullets by sportsmen and target shooters.
The Bureau of Alcohol, Tobacco, Firearms and Explosives this month revealed that it is proposing to put the ban on 5.56mm ammo on a fast track, immediately driving up the price of the bullets and prompting retailers, including the huge outdoors company Cabela’s, to urge sportsmen to urge Congress to stop the president.
And here is more on this ammo ban from the NRA…
As NRA has been reporting since the night the news broke, the Bureau of Alcohol, Tobacco, Firearms and Explosives (BATFE) is moving to infringe upon the rights of law-abiding gun owners with a drastic reinterpretation of a nearly 30-year-old law regulating so-called “armor piercing” ammunition. So draconian is BATFE’s new “Framework” that it would prohibit the manufacturing, importation, and sale of M855 ball ammunition, one of the most popular cartridges for the most popular rifle in America, the AR-15. Not coincidentally, the AR-15 is among the firearms the Obama Administration has unsuccessfully sought to outlaw. If they can’t ban the pie, so the thinking apparently goes, they might at least get the apples.
In an effort to thwart BATFE’s attempted action, NRA has worked with U.S. Representative Bob Goodlatte (R-Va.), Chairman of the House Judiciary Committee, to draft a letter to BATFE expressing the lawmakers’ opposition to the proposed Framework. To read a copy of the letter, please click this link.
According to the letter, “The idea that Congress intended [the ‘armor piercing’ ammunition law] to ban one of the preeminent rifle cartridges in use by Americans for legitimate purposes is preposterous.” It goes on to state that the law “should be construed in accordance with the American tradition of lawful firearms ownership, as protected by the Second Amendment.” This includes due consideration of “the many legitimate uses Americans make of their firearms including target practice, hunting, organized and casual competition, training and skills development, and instructional activities.“ The letter concludes with several pointed questions for B. Todd Jones, BATFE’s director, including why the agency bypassed the Administrative Procedures Act in proposing such a radical change to its prior interpretation and enforcement of the law.
The crazy thing about all of this is the fact that this ammunition has never met the legal definition of being “armor piercing”. So what the Obama administration is attempting to do is outside the law.
A recent Infowars article broke this down…
The ATF is trying to ban M855 AR-15 ammunition by declaring it “armor piercing,” despite the ammo containing lead which exempts it from the classification according to law.
To be considered “armor piercing” under 18 U.S.C. 921 (a)(17)(B), a bullet must have an entirely metal core or have a jacket weighting more than 25% of its weight, which wouldn’t include M855 rounds because their bullets are partly lead.
The definition in full:
(A) The term “ammunition” means ammunition or cartridge cases, primers, bullets, or propellent powder designed for use in any firearm.
(B) The term “armor piercing ammunition” means- (i) a projectile or projectile core which may be used in a handgun and which is constructed entirely (excluding the presence of traces of other substances) from one or a combination of tungsten alloys, steel, iron, brass, bronze, beryllium copper, or depleted uranium; or (ii) a full jacketed projectile larger than .22 caliber designed and intended for use in a handgun and whose jacket has a weight of more than 25 percent of the total weight of the projectile.
(C) The term “armor piercing ammunition” does not include shotgun shot required by Federal or State environmental or game regulations for hunting purposes, a frangible projectile designed for target shooting, a projectile which the Attorney General finds is primarily intended to be used for sporting purposes, or any other projectile or projectile core which the Attorney General finds is intended to be used for industrial purposes, including a charge used in an oil and gas well perforating device.
Needless to say, this ban is creating quite a bit of panic among gun owners.
Many gun owners are stocking up on this ammo while they still can…
Word of ATF’s proposal sparked a run on ammo at some Springfield gun stores, and steep price spikes for steel-tipped military surplus ammo at some online ammo dealers. Rounds that sold for 25 to 30 cents apiece tripled at some some stores after BATF posted its proposal on its web site.
“We sold out of what we had in stock,” said Ryan Cook, manager of Eagle Armory in Springfield. “We didn’t have a lot in the store but I might have sold four or five cases after ATF’s statement came out. I called our suppliers but they said there was none available to order. It’s like the ammo shortage before. People are going to panic.”
Like I said earlier, even if you are not a gun owner you have got to be extremely concerned about this erosion of our constitutional rights.
We have a man occupying the White House that seems absolutely determined to stretch the limits of presidential power as far as they can possibly go.
And at this point he has become so arrogant that he doesn’t even care if Congress believes that what he is doing is legal. Just consider what he said during one recent speech…
Pres. Obama is daring Republicans to vote on whether or not his executive actions are legal.
Discussing opposition to his executive amnesty orders at an immigration town hall Wednesday, Obama said he would veto the vote because his actions are “the right thing to do”:
“So in the short term, if Mr. McConnell, the leader of the Senate, and the Speaker of the House, John Boehner, want to have a vote on whether what I’m doing is legal or not, they can have that vote. I will veto that vote, because I’m absolutely confident that what we’re doing is the right thing to do.”
This is how republics die. When one man starts grabbing more and more power and nobody stops him, eventually a dictatorship is born.
This is not what our founding fathers intended. If they could see us today, they would be rolling over in their graves.
And a lot of Americans are getting fed up.
In fact, according to one recent survey only 47 percent of Americans still believe that Obama loves this country…
While the creepy #ILOVEOBAMA continues to trend on Twitter, fewer than half of American adults, 47 percent, say they believe that the president loves his country.
According to a survey conducted by Huffington Post/YouGov and released this week, a whopping 35 percent of Americans, more than one in three, believe that Obama doesn’t love the United States, while 17 percent said they weren’t sure.
The poll was conducted in the wake of former New York City Mayor Rudy Giuliani telling a gathering in Manhattan that “I do not believe, and I know this is a horrible thing to say, but I do not believe that the president loves America.”
So what do you think?
Do you believe that what Obama is trying to do is legal?
And do you believe that Obama actually loves this country and everything that it is supposed to stand for?
Please feel free to add to the discussion by posting a comment below…
The most savage group of Islamic terrorists that any of us have ever seen has taken over large portions of Iraq, Syria and Libya. As they go along, they are gleefully beheading, crucifying and torching innocent civilians. They believe that they are living in the end times, and that they are part of a great Islamic army that will defeat “the forces of Rome” and bring about a glorious new age during which Islam rules the entire planet. But Barack Obama and his minions absolutely refuse to use the words “Islam” or “Muslim” when discussing ISIS. Instead, as you will see below, the Obama administration insists that the reason that ISIS exists is because of a lack of “job opportunities” in that area of the world. If we could just find enough good jobs for the terrorists, apparently the entire problem of Islamic terror would just fade away according to them. This kind of twisted politically correct thinking is going to be one of the things that leads to the downfall of this country. Tens of thousands of crazed maniacs are not setting people on fire and beheading innocent civilians because they can’t find gainful employment. Rather, the truth is that these radicals are obsessed with an apocalyptic version of Islam which dominates every moment of their lives. If we deny why they are doing what they are doing because it does not fit with our view of how the world is supposed to work, then we are never going to have any hope of defeating this evil. And without a doubt, ISIS is evil.
On Monday night, State Department Spokesperson Marie Harf appeared on the Chris Matthews Show. What she had to say about the current situation in the Middle East during that television appearance shows how completely and utterly clueless the Obama administration is when it comes to ISIS…
“We’re killing a lot of them and we’re going to keep killing more of them,” Harf said. “So are the Egyptians, so are the Jordanians. They’re in this fight with us. But we cannot win this war by killing them. We cannot kill our way out of this war. We need in the medium to longer term to go after the root causes that leads people to join these groups, whether it’s lack of opportunity for jobs… We can work with countries around the world to help improve their governance. We can help them build their economies so they can have job opportunities for these people.”
That is the best that our government can come up with?
What in the world is happening to this country?
These are religiously motivated killers that are absolutely obsessed with their Islamic beliefs. To suggest otherwise is utter insanity. But the White House has become so politically correct that it will not even use the words “Islam” or “Muslim” when talking about ISIS…
On the eve of a White House summit on “countering violent extremism” that has already drawn complaints from some Muslim groups, the administration in its response to the beheading of 21 Egyptian Copts has not mentioned the religious affiliation of either the killers or victims.
Absent from a 192-word statement from White House press secretary Josh Earnest condemning the brutal killings were the words “Christian,” “Coptic,” “Islam” or “Muslim.”
There was a single reference to “faith” – “ISIL’s barbarity knows no bounds. It is unconstrained by faith, sect, or ethnicity.”
These terrorists truly do seem to take great joy in slaughtering people. For example, just today we learned that ISIS burned 45 people to death in one small Iraqi town…
Militants from Islamic State have burned 45 people to death in the western Iraqi town of al-Baghdadi, according to the local police chief.
Col Qasim al-Obeidi said the motive was unknown but he believed some of the victims were members of the security forces.
He has pleaded for help from the government and international community and said the compound, which houses the families of security personnel and local officials, was now under attack.
It follows the capture of al-Baghdadi, near Ain al-Asad air base, by ISIS fighters last week.
With each passing day, ISIS grows even stronger and gains more ground.
In fact, the amount of territory that ISIS controls in Syria has doubled since the beginning of the airstrikes against them.
If ISIS continues to grow, someday they will conduct operations inside the United States. And when they do, there will be no limits. If they had the opportunity, they would kill virtually every man, woman and child in this nation. That is how insane they are.
In order to understand ISIS, you have to understand what motivates them. The following is an excerpt from a recent CNS News article…
In The Atlantic magazine for March 2015, reporter Grame Wood wrote an extensive article on the Islamic State and noted, “The reality is that the Islamic State is Islamic. Very Islamic. Yes, it has attracted psychopaths and adventure seekers, drawn largely from the disaffected populations of the Middle East and Europe. But the religion preached by its most ardent followers derives from coherent and even learned interpretations of Islam.”
“Virtually every major decision and law promulgated by the Islamic State adheres to what it calls, in its press and pronouncements, and on its billboards, license plates, stationery, and coins, ‘the Prophetic methodology,’ which means following the prophecy and example of Muhammad, in punctilious detail,” said Wood.
In addition, as I noted above, the followers of ISIS consider themselves to be part of an end times Islamic army that will win the final battle against the forces that oppose Islam. ISIS is publishing a magazine named “Dabiq” that describes their apocalyptic worldview very clearly…
The name of the Dabiq magazine itself helps us understand ISIS’ worldview. The Syrian town of Dabiq is where the Prophet Mohammed is supposed to have predicted that the armies of Islam and “Rome” would meet for the final battle that will precede the end of time and the triumph of true Islam.
In the recent issue of Dabiq it states: “As the world progresses towards al-Malhamah al-Kubrā, (‘the Great Battle’ to be held at Dabiq) the option to stand on the sidelines as a mere observer is being lost.” In other words, in its logic, you are either on the side of ISIS or you are on the side of the Crusaders and infidels.
So how do you defeat such an enemy?
Needless to say, giving them “good jobs” is not going to solve anything.
Meanwhile, even though large amounts of the weapons that we have airdropped to the “Syrian rebels” have repeatedly fallen into the hands of ISIS, the Obama administration plans to send the Syrian rebels even more weapons. In addition, he wants to give the “Syrian rebels” the ability to call in U.S. airstrikes…
The Obama administration is preparing to equip the so-called “moderate” Syrian rebels with the ability to order U.S. air strikes despite the group’s admitted allegiance to the Islamic State.
The rebel groups will be provided with radios to call in strikes from American B-1B bombers as well as pickup trucks with mounted machine guns as the president puts the final touches on plans to train as many as 3,000 rebels in Jordan and Turkey by the end of 2015.
The planes will reportedly use similar munitions to those seen in Afghanistan, targeting anything from small vehicles to tanks with 500 and 2,000-pound guided bombs.
Aside from the Toyota Hi-Lux trucks, multiple groups of rebels will also be given mortars and possibly antitank weapons as well.
When I first read that the Obama administration wants to give the “Syrian rebels” the ability to order U.S. air strikes, I was absolutely dumbfounded.
How could anyone be so stupid?
When it comes to dealing with ISIS, it seems like Obama is almost constantly making the wrong moves.
In the end, our nation could pay a great price for his foolishness.
So what do you think about all of this? Please feel free to share your thoughts by posting a comment below…
When it comes to taking a chainsaw to the future of America, nobody seems more eager than Barack Obama. Despite the fact that the U.S. national debt is on pace to approximately double during his eight years in the White House, he has just proposed a budget that would take government spending to crazy new heights. When Barack Obama took the oath of office, the U.S. national debt was 10.6 trillion dollars. Today, it has surpassed the 18 trillion dollar mark. And even though we are being told that “deficits are going down”, the truth is that the U.S. national debt increased by more than a trillion dollars in fiscal 2014. But that isn’t good enough for Obama. He says that we need to come out of this period of “mindless austerity” and steal money from our children and our grandchildren even faster. In addition, Obama wants to raise taxes again. His budget calls for 2 trillion dollars in tax increases over the next decade. He always touts these tax increases as “tax hikes on the rich”, but somehow they almost always seem to end up hitting the middle class too. But whether or not Congress ever adopts Obama’s new budget is not really the issue. The reality of the matter is that the “tax and spend Democrats” and the “tax and spend Republicans” are both responsible for getting us into this mess. Future generations of Americans are already facing the largest mountain of debt in the history of the planet, and both parties want to make this mountain of debt even higher. The only disagreement is about how fast it should happen. It is a national disgrace, but most Americans have come to accept this as “normal”. If our children and our grandchildren get the opportunity, they will curse us for what we have done to them.
All debt destroys.
All debt enslaves.
And when you are talking about an 18 trillion dollar debt, you are talking about an amount of money that is almost unimaginable.
If our national debt was reduced to a stack of one dollar bills, it would circle our planet at the equator 45 times.
How could we have done such a thing?
Thomas Jefferson once said that “the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.” He correctly understood that government debt is stealing. We are financially raping our children, our grandchildren and all future generations of Americans. It is an incredibly wicked thing to do.
But instead of men like Thomas Jefferson running our country, we have men like Barack Obama running it.
And to Barack Obama, running up a trillion dollars of debt a year is “mindless austerity”…
“I want to work with Congress to replace mindless austerity with smart investments that strengthen America,” Obama said in a speech at the Department of Homeland Security. “I’m not going to accept a budget that locks in sequestration going forward. It would be bad for our security, and bad for our growth.”
Yes, if we steal money from future generations it will artificially inflate our current standard of living and make our economy look temporarily better than it should be.
But it is morally wrong to do this, and our current crop of politicians have no intentions of ever bringing the debt party to an end.
Even with the ridiculously optimistic economic assumptions that are used in Obama’s new budget, the federal budget is never projected to balance within the next decade. Instead, Obama’s budget projects that the national debt will rise from 18.1 trillion dollars right now to 26.2 trillion dollars in 2025.
Of course it would greatly help if the federal government actually spent our money wisely. But instead, the feds often waste our hard-earned tax dollars in some of the most bizarre ways imaginable. The following is just one example…
The U.S. federal government has prompted controversy after spending over $33,000 on a study to find out whether same-sex couples live closer to tobacco shops than heterosexuals.
The large sum was spent on a study by the National Institutes of Health entitled, ‘Relationship Between Tobacco Retailer Density and Sexual Minority Couples.’
Thanks to this kind of insane spending, our debt is completely and totally out of control.
While Barack Obama has been in the White House, the U.S. national debt has increased by $84,266 per full-time private sector worker. Anyone that believes that this kind of debt accumulation is sustainable is absolutely delusional.
The only reason why our house of cards has not completely collapsed already is because the rest of the world has been willing to lend us gigantic piles of money at artificially low interest rates.
In December, the average rate of interest on the government’s marketable debt was 2.013 percent. But in the past, interest rates have been much higher than that. For example, in January 2000 the average rate of interest on the government’s marketable debt was 6.620 percent. If we returned to that level today, we would be paying well over a trillion dollars a year just in interest on the national debt.
And the issue isn’t just the more than one trillion dollars in new debt that we are accumulating every 12 months.
As I have discussed previously, the U.S. government has more than seven trillion dollars of debt that must be “rolled over” each year. In other words, the federal government must issue more than seven trillion dollars of new debt just to pay off old debts that are coming due.
If something were to happen which would cause the rest of the planet to either be unwilling or unable to lend us trillions of dollars at ridiculously low interest rates all of a sudden, the game would be over.
We were handed the keys to the greatest and most prosperous economy in the history of the planet, and our greed has totally wrecked it.
We were wealthy beyond imagination, but that was never good enough for us. We always had to have more.
And now we are hurtling toward financial oblivion, and we have a man in the White House that wants us to go into debt even faster.
Do you know what an “extremist” is? In the wake of the horrible terror attacks on the offices of Charlie Hebdo in France, Barack Obama is speaking very boldly about the need to win the war against “extremists”, and he has announced plans to host a major global summit on “extremism” next month. And on the surface that sounds great. But precisely how are we supposed to determine whether someone is an “extremist” or not? What criteria should we use? As you will see below, your definition of an “extremist” may be far, far different from the definition that Barack Obama is using. When you do a Google search, you will find that an “extremist” is defined as “a person who holds extreme or fanatical political or religious views, especially one who resorts to or advocates extreme action.” According to Wikipedia, “extremism” is “an ideology (particularly in politics or religion), considered to be far outside the mainstream attitudes of a society or to violate common moral standards. Extremism can take many forms, including political, religious and economic.” Please notice that neither of those definitions uses the word violence. In this day and age, you can be considered an “extremist” simply based on what you believe, and as you will see later in this article there are now tens of millions of Americans that are considered to be “extremists” and “potential terrorists” according to official U.S. government documents.
When you use the word “extremist”, you may have in your mind a picture of ISIS fighters or the terrorists from the Charlie Hebdo massacre.
But for elitists such as Barack Obama, the word “extremist” has a much broader meaning. In recent years, it has become a code word for those that do not have an “enlightened” view of the world. If your views on politics, religion or social issues are extremely different from the liberal, progressive views of “the mainstream” (as defined by the mainstream media and by “mainstream” politicians such as Barack Obama), then they consider you to be an extremist.
Early in the presidency of George W. Bush, we were told that Islamic terrorists were the enemy. And so most of the country got behind the idea of the War on Terrorism. But over the years that has morphed into a War on Extremism. In fact, the Obama administration has gone so far as to remove almost all references to Islam from government terror training materials…
Deputy U.S. Attorney General James Cole confirmed on Wednesday that the Obama administration was pulling back all training materials used for the law enforcement and national security communities, in order to eliminate all references to Islam that some Muslim groups have claimed are offensive.
“I recently directed all components of the Department of Justice to re-evaluate their training efforts in a range of areas, from community outreach to national security,” Cole told a panel at the George Washington University law school.
Now, much of the focus in law enforcement training materials is on “domestic extremists”. We are being told that “domestic extremism” is just as great a threat to our national security as terror groups overseas are.
But exactly who are these “domestic extremists”?
Well, the truth is that you may be one of them.
I want to share with you a list that I have shared in a couple of previous articles. It is a list of 72 types of Americans that are considered to be “extremists” or “potential terrorists” in official U.S. government documents. This list will really give you a good idea of what Barack Obama means when he uses the word “extremist”. Each of these 72 items is linked, so if you would like to go see the original source document for yourself, just click on the link. As you can see, this list potentially includes most of the country…
1. Those that talk about “individual liberties”
2. Those that advocate for states’ rights
3. Those that want “to make the world a better place”
4. “The colonists who sought to free themselves from British rule”
5. Those that are interested in “defeating the Communists”
6. Those that believe “that the interests of one’s own nation are separate from the interests of other nations or the common interest of all nations”
7. Anyone that holds a “political ideology that considers the state to be unnecessary, harmful,or undesirable”
8. Anyone that possesses an “intolerance toward other religions”
9. Those that “take action to fight against the exploitation of the environment and/or animals”
13. “The Patriot Movement”
14. “Opposition to equal rights for gays and lesbians”
15. Members of the Family Research Council
16. Members of the American Family Association
17. Those that believe that Mexico, Canada and the United States “are secretly planning to merge into a European Union-like entity that will be known as the ‘North American Union’”
18. Members of the American Border Patrol/American Patrol
19. Members of the Federation for American Immigration Reform
20. Members of the Tennessee Freedom Coalition
21. Members of the Christian Action Network
22. Anyone that is “opposed to the New World Order”
23. Anyone that is engaged in “conspiracy theorizing”
24. Anyone that is opposed to Agenda 21
25. Anyone that is concerned about FEMA camps
26. Anyone that “fears impending gun control or weapons confiscations”
27. The militia movement
28. The sovereign citizen movement
29. Those that “don’t think they should have to pay taxes”
30. Anyone that “complains about bias”
31. Anyone that “believes in government conspiracies to the point of paranoia”
32. Anyone that “is frustrated with mainstream ideologies”
33. Anyone that “visits extremist websites/blogs”
34. Anyone that “establishes website/blog to display extremist views”
35. Anyone that “attends rallies for extremist causes”
36. Anyone that “exhibits extreme religious intolerance”
37. Anyone that “is personally connected with a grievance”
38. Anyone that “suddenly acquires weapons”
39. Anyone that “organizes protests inspired by extremist ideology”
40. “Militia or unorganized militia”
41. “General right-wing extremist”
42. Citizens that have “bumper stickers” that are patriotic or anti-U.N.
43. Those that refer to an “Army of God”
44. Those that are “fiercely nationalistic (as opposed to universal and international in orientation)”
45. Those that are “anti-global”
46. Those that are “suspicious of centralized federal authority”
47. Those that are “reverent of individual liberty”
48. Those that “believe in conspiracy theories”
49. Those that have “a belief that one’s personal and/or national ‘way of life’ is under attack”
50. Those that possess “a belief in the need to be prepared for an attack either by participating in paramilitary preparations and training or survivalism”
51. Those that would “impose strict religious tenets or laws on society (fundamentalists)”
52. Those that would “insert religion into the political sphere”
53. Anyone that would “seek to politicize religion”
54. Those that have “supported political movements for autonomy”
55. Anyone that is “anti-abortion”
56. Anyone that is “anti-Catholic”
57. Anyone that is “anti-nuclear”
58. “Rightwing extremists”
59. “Returning veterans”
60. Those concerned about “illegal immigration”
61. Those that “believe in the right to bear arms”
62. Anyone that is engaged in “ammunition stockpiling”
63. Anyone that exhibits “fear of Communist regimes”
64. “Anti-abortion activists”
65. Those that are against illegal immigration
66. Those that talk about “the New World Order” in a “derogatory” manner
67. Those that have a negative view of the United Nations
68. Those that are opposed “to the collection of federal income taxes”
69. Those that supported former presidential candidates Ron Paul, Chuck Baldwin and Bob Barr
70. Those that display the Gadsden Flag (“Don’t Tread On Me”)
71. Those that believe in “end times” prophecies
72. Evangelical Christians
Do you fit into any of those categories?
Personally, I fit into a couple dozen of them.
That is why alarm bells should go off whenever Barack Obama speaks of the need to crack down on “extremism”.
If Barack Obama wants to denounce Islamic terror, he should do so. But because of his extreme political correctness, he goes out of his way to avoid any connection between Islam and terror. Instead, he speaks of the need to recognize “Islam’s role in advancing justice, progress, tolerance, and the dignity of all human beings” and he insists that “the future must not belong to those who slander the prophet of Islam.”
Meanwhile, our liberties and freedoms are being eroded a little bit more with each passing day. In the name of fighting “terrorism” or “extremism”, our government is constructing a Big Brother police state control grid all around us. I like the way that Ron Paul described what is happening to us just the other day…
If Americans were honest with themselves they would acknowledge that the Republic is no more. We now live in a police state. If we do not recognize and resist this development, freedom and prosperity for all Americans will continue to deteriorate. All liberties in America today are under siege.
It didn’t happen overnight. It took many years of neglect for our liberties to be given away so casually for a promise of security from the politicians. The tragic part is that the more security was promised — physical and economic — the less liberty was protected.
With cradle-to-grave welfare protecting all citizens from any mistakes and a perpetual global war on terrorism, which a majority of Americans were convinced was absolutely necessary for our survival, our security and prosperity has been sacrificed.
It was all based on lies and ignorance. Many came to believe that their best interests were served by giving up a little freedom now and then to gain a better life.
The trap was set. At the beginning of a cycle that systematically undermines liberty with delusions of easy prosperity, the change may actually seem to be beneficial to a few. But to me that’s like excusing embezzlement as a road to leisure and wealth — eventually payment and punishment always come due. One cannot escape the fact that a society’s wealth cannot be sustained or increased without work and productive effort. Yes, some criminal elements can benefit for a while, but reality always sets in.
Reality is now setting in for America and for that matter for most of the world. The piper will get his due even if “the children” have to suffer. The deception of promising “success” has lasted for quite a while. It was accomplished by ever-increasing taxes, deficits, borrowing, and printing press money. In the meantime the policing powers of the federal government were systematically and significantly expanded. No one cared much, as there seemed to be enough “gravy” for the rich, the poor, the politicians, and the bureaucrats.
The country that our forefathers founded is dying.
Now, individuals and organizations that attempt to restore the values that our founders once believed in so strongly are regarded as dangerous “extremists” that need to be watched carefully.
Sadly, most Americans don’t even realize what is happening to this nation. As long as they are fed a constant diet of mindless entertainment, most Americans are perfectly content to let “the experts” do their thinking for them.
We are steamrolling toward oblivion, and most of the country is dead asleep.
So is there any hope for us? Feel free to share what you think by posting a comment below…
The American people are feeling really good right about now. For example, Gallup’s economic confidence index has hit the highest level that we have seen since the last recession. In addition, nearly half of all Americans believe that 2015 will be a better year than 2014 was, and only about 10 percent believe that it will be a worse year. And a lot of people are generally feeling quite good about the people that have been leading our nation. According to Gallup, once again this year Hillary Clinton is the most admired woman in America and Barack Obama is the most admired man in America. I don’t know what that says about our nation, but it can’t be good. Unfortunately, when things seem to be going well common sense tends to go out the window. A couple days ago, the Guardian ran an article entitled “Goodbye to one of the best years in history“, and a whole lot of people out there are feeling really optimistic these days. But should they be?
Sadly, what we are experiencing right now is so similar to what we witnessed in 2007 and early 2008. The stock market had been on a great run, people were flipping houses like crazy and most people were convinced that the party would never end.
But then it did end – very painfully.
The signs of trouble were there, but most people chose to ignore them.
Sadly, the exact same thing is happening again.
On Monday, the price of oil hit a brand new five year low. As I write this, U.S. oil is sitting at a price of $53.76 a barrel, which is nearly a 50 percent decline from the peak earlier this year.
There is only one other time in history when the price of oil has declined by more than 50 dollars a barrel in such a short time frame. That was back in the middle of 2008, shortly before the worst stock market crash since the Great Depression.
Unless the price of oil starts really bouncing back, the U.S. economy is going to be hit really hard.
Since 2009, oil industry employment has risen by 50 percent. And jobs in the oil industry pay quite well. One figure that I saw put the average weekly wage at about 1700 dollars.
But now we aren’t going to be gaining those types of jobs. Instead, we are going to rapidly start losing them.
Already, the oil rig count has dropped for three weeks in a row and is now at an 8 month low. And as the oil industry suffers, all of the industries that it supports are also going to start feeling the pain. In fact, Business Insider is reporting that Texas business executives are “freaked out” about what is happening…
Business executives in Texas are worried about the drop in oil prices.
On Monday, the Dallas Fed’s latest manufacturing survey showed that activity in Texas was slowing down.
The latest composite index came in at 4.1, widely missing expectations and down big from November’s reading. Expectations were for the index to come in at 9, down from 10.5 last month.
So while most Americans are feeling really good about the coming year, many of those with an inside view are becoming quite alarmed. One Texas business executive went so far as to say that the stunning decline in oil prices was “going to make things ugly … quickly.“
Meanwhile, the 9 trillion dollar U.S. dollar carry trade is starting to unwind.
The following is an excerpt from a recent Zero Hedge article…
Oil’s collapse is predicated by one major event: the explosion of the US Dollar carry trade. Worldwide, there is over $9 TRILLION in borrowed US Dollars that has been ploughed into risk assets.
Energy projects, particularly Oil Shale in the US, are one of the prime spots for this. But it is not the only one. Economies that are closely aligned with commodities (all of which are priced in US Dollars) are getting demolished too.
Just about everything will be hit as well. Most of the “recovery” of the last five years has been fueled by cheap borrowed Dollars. Now that the US Dollar has broken out of a multi-year range, you’re going to see more and more “risk assets” (read: projects or investments fueled by borrowed Dollars) blow up. Oil is just the beginning, not a standalone story.
If things really pick up steam, there’s over $9 TRILLION worth of potential explosions waiting in the wings. Imagine if the entire economies of both Germany and Japan exploded and you’ve got a decent idea of the size of the potential impact on the financial system.
And that’s assuming NO increased leverage from derivative usage.
And yes, as that last excerpt mentioned, derivatives could soon become a massive problem. The big banks are holding trillions in commodity derivatives that could blow up if the price of oil does not rebound. Overall, there are five U.S. banks that each have more than 40 trillion dollars of exposure to derivatives of all types, and the total global derivatives bubble is at least 700 trillion dollars at this point.
At the same time, many are becoming concerned that the unprecedented bond bubble that we are witnessing could soon implode and trillions of dollars of “wealth” could disappear into thin air.
In fact, Bloomberg says that we should “get ready for a disastrous year” for bonds…
Get ready for a disastrous year for U.S. government bonds. That’s the message forecasters on Wall Street are sending.
With Federal Reserve Chair Janet Yellen poised to raise interest rates in 2015 for the first time in almost a decade, prognosticators are convinced Treasury yields have nowhere to go except up. Their calls for higher yields next year are the most aggressive since 2009, when U.S. debt securities suffered record losses, according to data compiled by Bloomberg.
That certainly does not sound very optimistic, does it?
Anyone with even a minimal amount of intelligence should be able to see the massive financial bubbles that the central banks of the world have created, and anyone with even a minimal amount of intelligence should be able to see that we are heading for a massive financial implosion which will be extraordinarily painful.
Unfortunately, as I wrote about yesterday, the American people have become “zombiefied“. Instead of thinking for themselves, they let “the matrix” do their thinking for them. And right now “the matrix” is telling them that everything is going to be just fine in 2015.
If you do not think that there is a propaganda machine that tells us what to think, I want you to watch the video posted below very carefully. This video makes it so obvious that even a small child can understand it…
Barack Obama is secretly negotiating the largest international trade agreement in history, and the mainstream media in the United States is almost completely ignoring it. If this treaty is adopted, it will be the most important step toward a one world economic system that we have ever seen. The name of this treaty is “the Trans-Pacific Partnership”, and the text of the treaty is so closely guarded that not even members of Congress know what is in it. Right now, there are 12 countries that are part of the negotiations: the United States, Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. These nations have a combined population of 792 million people and account for an astounding 40 percent of the global economy. And it is hoped that the EU, China and India will eventually join as well. This is potentially the most dangerous economic treaty of our lifetimes, and yet there is very little political debate about it in this country.
Even though Congress is not being allowed to see what is in the treaty, Barack Obama wants Congress to give him fast track negotiating authority. What that means is that Congress would essentially trust Obama to negotiate a good treaty for us. Congress could vote the treaty up or down, but would not be able to amend or filibuster it.
Of course now the Republicans control both houses of Congress. If they are foolish enough to blindly give Barack Obama so much power, they should all immediately resign.
And it is critical that people understand that this is not just an economic treaty. It is basically a gigantic end run around Congress. Thanks to leaks, we have learned that so many of the things that Obama has deeply wanted for years are in this treaty. If adopted, this treaty will fundamentally change our laws regarding Internet freedom, healthcare, copyright and patent protection, food safety, environmental standards, civil liberties and so much more. This treaty includes many of the rules that alarmed Internet activists so much when SOPA was being debated, it would essentially ban all “Buy American” laws, it would give Wall Street banks much more freedom to trade risky derivatives and it would force even more domestic manufacturing offshore.
In other words, it is the treaty from hell.
In addition to imposing Obama’s vision for the world on 40 percent of the global population, it is also being described as a “Christmas wish-list for major corporations”. Of the 29 chapters in the treaty, only five of them actually deal with economic issues. The rest of the treaty deals with a whole host of other issues of great importance to the global elite.
The following list of issues addressed by this treaty is from a Malaysian news source…
• domestic court decisions and international legal standards (e.g., overriding domestic laws on both trade and nontrade matters, foreign investors’ right to sue governments in international tribunals that would overrule the national sovereignty)
• environmental regulations (e.g., nuclear energy, pollution, sustainability)
• financial deregulation (e.g., more power and privileges to the bankers and financiers)
• food safety (e.g., lowering food self-sufficiency, prohibition of mandatory labeling of genetically modified products, or bovine spongiform encephalopathy (BSE) or mad cow disease)
• Government procurement (e.g., no more buy locally produced/grown)
• Internet freedom (e.g., monitoring and policing user activity)
• labour (e.g., welfare regulation, workplace safety, relocating domestic jobs abroad)
• patent protection, copyrights (e.g., decrease access to affordable medicine)
• public access to essential services may be restricted due to investment rules (e.g., water, electricity, and gas)
Why can’t we get this type of reporting in the United States?
And if this treaty is ultimately approved by Congress, we will essentially be stuck with it forever.
This treaty is written in such a way that the United States will be permanently bound by all of the provisions and will never be able to alter them unless all of the other countries agree.
Are you starting to understand why this treaty is so dangerous?
This treaty is the key to Obama’s “legacy”. He wants to impose his will upon 40 percent of the global population in a way that will never be able to be overturned.
Of course Obama is touting this treaty as the path to economic recovery. He promises that it will greatly increase global trade, decrease tariffs and create more jobs for American workers.
But instead, it would be a major step toward destroying what is left of the U.S. economy.
Over the past several decades, every time a major trade agreement has been signed we have seen even more good jobs leave the United States.
And it doesn’t take a genius to figure out why this is happening. If corporations can move jobs to the other side of the planet to nations where it is legal to pay slave labor wages, they will make larger profits.
Just think about it. If you were running a corporation and you had the choice of paying workers ten dollars an hour or one dollar an hour, which would you choose?
Plus there are so many other costs, taxes and paperwork hassles when you deal with American workers. For example, big corporations will not have to provide Obamacare for their foreign workers. That alone will represent a huge savings.
Any basic course in economics will teach you that labor flows from markets where labor costs are high to markets where labor costs are lower. And at this point it costs less to make almost everything overseas. As a result, we have already lost millions upon millions of good jobs, and countless small and mid-size U.S. companies have been forced to shut down because they cannot compete with foreign manufacturers.
Later this month, consumers will flock to retail stores for “Black Friday” deals. But if you look carefully at those products, you will find that almost all of them are made overseas. We buy far, far more from the rest of the world than they buy from us, and that is a recipe for national economic suicide.
We consume far more wealth that we produce, and anyone with half a brain can see that is not sustainable in the long run. The only way that we have been able to maintain our high standard of living is by going into insane amounts of debt. We are currently living in the largest debt bubble in the history of the planet, and at some point the party is going to end.
Please share this article with as many people as you can. We need to inform people about what Obama is trying to do.
If Obama is successful in ramming this secret treaty through, it is going to do incalculable damage to what is left of the once great U.S. economy.
Barack Obama and the Federal Reserve are lying to you. The “economic recovery” that we all keep hearing about is mostly just a mirage. The percentage of Americans that are employed has barely budged since the depths of the last recession, the labor force participation rate is at a 36 year low, the overall rate of homeownership is the lowest that it has been in nearly 20 years and approximately 49 percent of all Americans are financially dependent on the government at this point. In a recent article, I shared 12 charts that clearly demonstrate the permanent damage that has been done to our economy over the last decade. The response to that article was very strong. Many people were quite upset to learn that they were not being told the truth by our politicians and by the mainstream media. Sadly, the vast majority of Americans still have absolutely no idea what is being done to our economy. For those out there that still believe that we are doing “just fine”, here are 19 more facts about the messed up state of the U.S. economy…
#1 After accounting for inflation, median household income in the United States is 8 percent lower than it was when the last recession started in 2007.
#2 The number of part-time workers in America has increased by 54 percent since the last recession began in December 2007. Meanwhile, the number of full-time jobs has dropped by more than a million over that same time period.
#3 More than 7 million Americans that are currently working part-time jobs would actually like to have full-time jobs.
#4 The jobs gained during this “recovery” pay an average of 23 percent less than the jobs that were lost during the last recession.
#5 The number of unemployed workers that have completely given up looking for work is twice as high now as it was when the last recession began in December 2007.
#6 When the last recession began, about 17 percent of all unemployed workers had been out of work for six months or longer. Today, that number sits at just above 34 percent.
#7 Due to a lack of decent jobs, half of all college graduates are still relying on their parents financially when they are two years out of school.
#8 According to a new method of calculating poverty devised by the U.S. Census Bureau, the state of California currently has a poverty rate of 23.4 percent.
#9 According to the New York Times, the “typical American household” is now worth 36 percent less than it was worth a decade ago.
#10 In 2007, the average household in the top 5 percent had 16.5 times as much wealth as the average household overall. But now the average household in the top 5 percent has 24 times as much wealth as the average household overall.
#11 In an absolutely stunning development, the rate of small business ownership in the United States has plunged to an all-time low.
#12 Subprime loans now make up 31 percent of all auto loans in America. Didn’t that end up really badly when the housing industry tried the same thing?
#13 The average cost of producing a barrel of shale oil in the United States is approximately 85 dollars. Now that the price of oil is starting to slip under that number, the “shale boom” in America could turn into a bust very rapidly.
#14 On a purchasing power basis, China now actually has a larger economy than the United States does.
#15 It is hard to believe, but there are 49 million people that are dealing with food insecurity in America today.
#16 There are six banks in the United States that pretty much everyone agrees fit into the “too big to fail” category. Five of them have more than 40 trillion dollars of exposure to derivatives.
#17 The 113 top earning employees at the Federal Reserve headquarters in Washington D.C. make an average of $246,506 a year. It turns out that ruining the U.S. economy is a very lucrative profession.
#18 We are told that the federal deficit is under control, but the truth is that the U.S. national debt increased by more than a trillion dollars during fiscal year 2014.
#19 An astounding 40 million dollars has been spent just on vacations for Barack Obama and his family. Perhaps he figures that if we are going down as a nation anyway, he might as well enjoy the ride.
If our economy truly was “recovering”, there would be lots of good paying middle class jobs available.
But that is not the case at all.
I know so many people in their prime working years that spend day after day searching for a job. Most of them never seem to get anywhere. It isn’t because they don’t have anything to offer. It is just that the labor market is absolutely saturated with qualified job seekers.
For example, USA Today recently shared the story of 42-year-old Alex Gomez…
“I’ve had to seriously downgrade my living situation,” said Alex Gomez, a 42-year-old with a master’s degree in entrepreneurship. Gomez lost his last full-time job in 2009 and has been looking for work since a short-term contract position ended in 2012.
Gomez’s home was foreclosed on, so the Tampa resident lives with three roommates in a college neighborhood. He drained his 401(k) trying to save his house, and he has around $150,000 in student loans. His mother is tapping her 401(k) to pay his rent. Gomez subsists on that and about $200 a month in food stamps.
“I have been applying and looking for pretty much anything at this stage,” he said. Although he’s looking for work in engineering or data management, “I applied to a supermarket as a deli clerk because I used to be a deli clerk as a teenager,” he said. He was told he was overqualified and turned down.
Does Alex Gomez have gifts and abilities to share with our society?
Of course he does.
So why can’t he find a job?
It is because we have a broken economy.
We are in the midst of a long-term economic decline and the system simply does not work properly anymore.
And thanks to decades of very foolish decisions, this is only the start of our problems.
Things are only going to get worse from here.