The Beginning Of The End
The Beginning Of The End By Michael T. Snyder - Kindle Version

The Prepper's Cookbook

Don't Buy Survival Food Until You Read This - If you stockpile the wrong foods, you could be setting your family up to starve. It sounds harsh, but the truth is too many people with good intentions are making critical mistakes with their food stockpiles. Watch this video now >>
The End of Obama? Approaching Obama scandal could change the White House Administration and our country overnight... Click Here
Gold Buying Guide: Golden Eagle Coins
PREPARE FOR A CME, EMP, OR GRID DOWN TERRORIST ATTACK AT: http://www.iplantosurvive.info/

Archives

The Sovereign Debt Bubble Will Continue To Expand Until – BANG – The System Implodes

The Sovereign Debt Bubble Will Continue To Expand Until - BANG - The System Implodes - Photo by Jeff KubinaWhy are so many politicians around the world declaring that the debt crisis is "over" when debt to GDP ratios all over the planet continue to skyrocket?  The global economy has never seen anything like the sovereign debt bubble that we are experiencing today.  The United States, Japan, and nearly every major nation in Europe are absolutely drowning in debt.  We have heard a lot about "austerity" over in Europe in recent years, but debt to GDP ratios continue to rise in Greece, Spain, Italy, Ireland and Portugal.  In general, most economists consider a debt to GDP ratio of 100% to be a "danger level", and most of the economies of the western world have either already surpassed that level or are rapidly approaching it.  Of course the biggest debt offender of all in many ways is the United States.  The U.S. debt to GDP ratio has risen from 66.6 percent to 103 percent since 2007, and the U.S. government accumulated more new debt during Barack Obama's first term than it did under the first 42 U.S. presidents combined.  This insane sovereign debt bubble will continue to expand until a day of reckoning arrives and the system implodes.  Nobody knows exactly when that moment will be reached, but without a doubt it is coming.

But if you listen to the mainstream media in the United States, you would be tempted to think that this giant bubble of debt is not much of a concern at all.  For example, in a recent article in the Washington Post entitled "The case for deficit optimism", Ezra Klein wrote the following...

"Here’s a secret: For all the sound and fury, Washington’s actually making real progress on debt."

How many times have we heard that before?

About a decade ago, government officials were projecting that we would be swimming in gigantic government surpluses by now.

Instead, we are running trillion dollar deficits.

But right now there is a lot of optimism about the economy.  The stock market recently hit a 5 year high and the business community is loving all of the false prosperity that all of this debt is buying us.

Even Warren Buffett does not really seem concerned about the exploding U.S. government debt.  He recently made the following statement...

"It is not a good thing to have it going up in relation to GDP.  That should be stabilized. But the debt itself is not a problem."

Oh really?

A debt of 16 trillion dollars "is not a problem"?

Perhaps we should all run our finances that way.

Why don't we all go out and open up 20 different credit cards, run them all up to the max, and then tell the credit card companies that we can't pay them back but that it "is not a problem".

Of course real life does not work that way.

The truth is that government debt is becoming a monstrous problem all over the globe.  Just check out how debt to GDP ratios all over the planet have grown over the past five years...

United States

Debt to GDP ratio in 2007: 66.6 percent

Debt to GDP ratio in 2012: 103 percent

United Kingdom

Debt to GDP ratio in 2007: 43.4 percent

Debt to GDP ratio in 2012: 85.0 percent

France

Debt to GDP ratio in 2007: 63.7 percent

Debt to GDP ratio in 2012: 86 percent

Germany

Debt to GDP ratio in 2007: 67.6 percent

Debt to GDP ratio in 2012: 80.5 percent

Spain

Debt to GDP ratio in 2007: 39.6 percent

Debt to GDP ratio in 2012: 69.3 percent

Ireland

Debt to GDP ratio in 2007: 24.8 percent

Debt to GDP ratio in 2012: 106.4 percent

Portugal

Debt to GDP ratio in 2007: 63.9 percent

Debt to GDP ratio in 2012: 108.1 percent

Italy

Debt to GDP ratio in 2007: 106.6 percent

Debt to GDP ratio in 2012: 120.7 percent

Greece

Debt to GDP ratio in 2007: 106.1 percent

Debt to GDP ratio in 2012: 170.6 percent

The Eurozone As A Whole

Debt to GDP ratio in 2007: 68.4 percent

Debt to GDP ratio in 2012: 87.3 percent

Japan

Debt to GDP ratio in 2007: 172.1 percent

Debt to GDP ratio in 2012: 211.7 percent

So how does all of this end?

Well, it is going to be messy, but it is very difficult to say exactly when the system will collapse under the weight of too much debt.  Some nations, such as Japan, are able to handle very high debt loads because they have a very high level of domestic saving.  Up to this point, an astounding 95 percent of all Japanese government bonds have been purchased domestically.  But other nations collapse under the weight of government debt even before they reach a debt to GDP ratio of 100%.  The following is an excerpt from a recent Congressional Research Service report...

It is hard to predict at what point bond holders would deem it to be unsustainable. A few other advanced economies have debt-to-GDP ratios higher than that of the United States. Some of those countries in Europe have recently seen their financing costs rise to the point that they are unable to finance their deficits solely through private markets. But Japan has the highest debt-to-GDP ratio of any advanced economy, and it has continued to be able to finance its debt at extremely low costs.

When a government runs up massive amounts of debt, it is playing with fire.  You can pile up mountains of government debt for a while, but eventually it catches up with you.

Over the past 10 years, the U.S. national debt has grown by an average of 9.3 percent per year, but the overall U.S. economy has only grown by an average of just 1.8 percent per year.  That is unsustainable by definition.

There is going to be a tremendous price to pay for the debt binge that the U.S. government has indulged in over the past decade.  During Barack Obama's first term, the amount of new debt accumulated by the federal government breaks down to about $50,521 for every single household in the United States.  That is utter insanity.

If you can believe it, we have accumulated more new government debt under Obama than we did from the inauguration of George Washington to the end of the Clinton administration.

And most Americans realize that something is seriously wrong.  One recent poll found that only 34 percent of all Americans believe that the country is heading in the right direction, and 60 percent of all Americans believe that the country is heading in the wrong direction.

If we keep piling up so much debt, at some point a moment of great crisis will arrive.  When that moment arrives, we could see havoc throughout the entire global financial system.  For instance, most people don't really understand the key role that U.S. Treasuries play in the derivatives market.  The following is from a recent article posted on Zero Hedge...

This time around, things will be far worse if nothing is solved. If the US loses another AAA rating, then the financial markets could face systemic risk. The reason for this is that US Treasuries are one of the senior most forms of collateral used by the banks to backstop the $600+ trillion derivatives market.

As any trader who trades on margin can tell you, when the value of your collateral is called into question, those on the other side of the trade come looking for you to put up more capital on your trades. This can result in assets being sold en masse (similar to what happened after Lehman failed) and things can get very ugly very fast.

For much more on the danger that derivatives pose to our financial system, please see this article: "The Coming Derivatives Panic That Will Destroy Global Financial Markets".

Once again, nobody knows exactly when the sovereign debt bubble will burst, but if we continue down the path that we are currently on, it will inevitably happen at some point.

And according to Professor Carmen Reinhart, when this bubble does burst things could unravel very rapidly...

"These processes are not linear," warns Prof. Reinhart. "You can increase debt for a while and nothing happens. Then you hit the wall, and—bang!—what seem to be minor shocks that the markets would shrug off in other circumstances suddenly become big."

At some point the global financial system will hit the wall that Professor Reinhart has warned about.

Are you ready?

When Will The Bubble Burst?

Be Sociable, Share!
  • RICHARD

    Japan is in really bad shape I keep waiting for them to collapse. I Figure there waiting till all the stock markets reach a peak and they will crash the market and take everyone money. 401, pensions, savings, they will wipe everyone out. Time to get serious and get your house in order.

    • Nexusfast123

      The US is in really bad shape. I am waiting for the Dollar to end as the reserve currency and for the US to collapse.

      • Ralfine

        Right now I don’t see this happening.

        a) There is no replacement in sight. The Euro is not looking goood, and China isn’t doing so well either. And the Chinese Yuan is not freely convertible. Currently there exist only bilateral agreements between China and selected states regarding tradeability of the Yuan.

        b) There is a new round of wars coming up about Africa. Wars need guns and ammo and soldiers. Soldiers die early and don’t need pensions or expensive cancer treatments. Weapons systems require lots of money to be printed to be paid to weapons manufacturers. These wars will last decades and will keep the US afloat by force. The population is whipped into a patriotic frenzy,

        The collapse will come in 30-50 years, when all the resources are gone, the wars come to an end, the infrastructure at home is totally run down, and there are no skills and no resources to do any repairs.

        Cuba will then buy Florida, China buys Alaska and California, the mexican druglords will buy New Mexico and Texas, Canada will buy Montana and Washington and the Eastern States, Hawaii will declare independence.
        The hard core gun nuts will concentrate in Alabama. Kansas and Kentucky will be unlivable because of constant tornados.

        • http://www.facebook.com/people/Shmeggle-Marxist/100001597489122 Shmeggle Marxist

          lmao, no, we will invade your joke of a country and eat your bones

          • Ralfine

            you get shot by your 9 year old daughter because you dont like her boyfriend. accidentally, of course.

          • RICHARD

            Any country that would be crazy enough to invade the U.S. would be blown off the face of the earth, not saying we won’t kill each other when the economy get so bad that people won’t be able to feed their families, Foreign invaders, ( never happen )..

          • Ralfine

            About the only place you could invade successfully was Grenada.

        • Mondobeyondo

          Ralfine:
          1- the Euro would not be a suitable replacement for the dollar, simply because the Euro has problems of its own. And besides, it’s also backed by nothing, just like the dollar.

          2 – China’s currency MIGHT work. But I doubt it. A strong currency is based partly (PARTLY!!) on a strong economy, and China’s economy appears to be strong. As for the rest… the downside? The yuan, like every other currency on earth, is based on nothing. There is nothing backing the yuan, just as it is for the dollar.t. No gold, no silver, no copper, no pet rocks, no nothing.

          • HecatesMoon

            Booooy you know we’re in trouble when we’re not even backed up by pet rocks. lol ;)

          • Ralfine

            Well, at least China is investing in infrastructure. 70% of its GDP comes from infrastructure investment. In the US it’s 70% consumption.
            So, China gets some bricks for its money, and the US gets news and movies.

          • http://twitter.com/SlangemDozier Slangem Dozier

            AMERO look it up

        • http://twitter.com/SlangemDozier Slangem Dozier

          A) the Amero

          B)There’s continues wars in africa to keep it destablized and collect hard to find natural recources cheap and easy.

          The collapse will happen in 3-5 years

      • Chip

        I also think the Dollar will collapse, but what will take its place. The only thing I can think of is gold. Gold has a value and it can’t be printed by any country. There are a lot of predictions about what will happen, but no one knows. I will agree with a lot of people on here and other places, it will be swift when it does happen, so if you aren’t prepared, it will be too late…

        • RealityBetraysUs

          gold becomes worthless in a real crisis; a quote from a Larry Norman song about the last days” A piece of bread could buy a bag of gold”. When you are starving to death even gold can become worthless….

        • http://twitter.com/SlangemDozier Slangem Dozier

          That’s why there’s so many CASH for GOLD places.

      • Mondobeyondo

        The U.S. is going to collapse (that’s prophecied in the Bible), and when it happens, it will not be pretty. We have maybe a few more years left. Enjoy them while you can, and take the time to prepare for what we all know is coming.

        • SMASH THE CONTROL MACHINE

          IT HAPPENS IN ONE HOUR MONDO YOU GOT THAT RIGHT!And after these things I saw another angel come down from heaven, having great power; and the earth was lightened with his glory. 2And he cried mightily with a strong voice, saying, Babylon the great is fallen, is fallen, and is become the habitation of devils, and the hold of every foul spirit, and a cage of every unclean and hateful bird. 3For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies.

          4And I heard another voice from heaven, saying, Come out of her, my people, that ye be not partakers of her sins, and that ye receive not of her plagues. 5For her sins have reached unto heaven, and God hath remembered her iniquities. 6Reward her even as she rewarded you, and double unto her double according to her works: in the cup which she hath filled fill to her double.7How much she hath glorified herself, and lived deliciously, so much torment and sorrow give her: for she saith in her heart, I sit a queen, and am no widow, and shall see no sorrow.8Therefore shall her plagues come in one day, death, and mourning, and famine; and she shall be utterly burned with fire: for strong is the Lord God who judgeth her.

          9And the kings of the earth, who have committed fornication and lived deliciously with her, shall bewail her, and lament for her, when they shall see the smoke of her burning, 10Standing afar off for the fear of her torment, saying, Alas, alas, that great city Babylon, that mighty city! for in one hour is thy judgment come.

          11And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more: 12The merchandise of gold, and silver, and precious stones, and of pearls, and fine linen, and purple, and silk, and scarlet, and all thyine wood, and all manner vessels of ivory, and all manner vessels of most precious wood, and of brass, and iron, and marble, 13And cinnamon, and odours, and ointments, and frankincense, and wine, and oil, and fine flour, and wheat, and beasts, and sheep, and horses, and chariots, and slaves, and souls of men. 14And the fruits that thy soul lusted after are departed from thee, and all things which were dainty and goodly are departed from thee, and thou shalt find them no more at all. 15The merchants of these things, which were made rich by her, shall stand afar off for the fear of her torment, weeping and wailing, 16And saying, Alas, alas, that great city, that was clothed in fine linen, and purple, and scarlet, and decked with gold, and precious stones, and pearls! 17For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off, 18And cried when they saw the smoke of her burning, saying, What city is like unto this great city! 19And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas, that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate. 20Rejoice over her, thou heaven, and ye holy apostles and prophets; for God hath avenged you on her.

        • Alasha

          huhmmm wat scripture is dat, pls: lol

        • http://twitter.com/SlangemDozier Slangem Dozier

          Word.

      • http://twitter.com/SlangemDozier Slangem Dozier

        amero time after that

    • http://twitter.com/SlangemDozier Slangem Dozier

      1929 all over again but X10

  • Rodster

    A 600+ trillion derivatives is insane. How much in assets?

    • Nexusfast123

      A few percent.

  • James

    Yes

  • Syrin

    Then what happens? The great parasite purge. When the host dies, so do the parasites.

    • 2Gary2

      but in your own words they are both dead. Dead is dead.

    • Ralfine

      Currently, the worker is the host. The lower class. And if they keep reproducing, then it will take a long time until the host dies.

      The rich are the parasites who live off the work of the lower class.

      If the worker stops working, there won’t be any profit.

      And that’s what’s happening right now. Unemployed people don’t work. So there isn’t much profit to be made from Americans and Europeans. Capital flees abroad and into financial markets. Derivatives are just illusions. Pyramid schemes. Squeezing money from the last idiot to join the scheme, and then converting that money immediately into goods, like land, houses, gold, silver, oil, food.

      That’s why China is converting the soon to be worthless US$ to gold, silver and oil.

    • Mondobeyondo

      That’s a very important truth. A parasite needs a host to feed from. When the host dies, the parasite must find a different host, or the parasite will die as well.

  • Noob

    Micheal the collapse of America, Europe, and Japan are planned. It’s so the elite and finish turning the world into a giant police state. When the planned collapse comes people will do anything to get their luxuries back. Even if it comes with a free survelance camera in every room. Or a cop checking your house every week. The elite like power. This is planned stuff.

    • Nexusfast123

      Yawn…I don’t think its planned. It is more as a result of a runaway and out of control finance system that has infinite debt creation capabilities. Debt is only an anticipation of value tomorrow. We could cancel it all (debt) and it would make no difference to the real economy.

      You cannot pay debt of with debt – it is the ultimate fools game.

    • Ralfine

      I think it’s more like fear of taxing the rich.

      Because if you decide to tax the rich, and then you win the lottery, you will be taxed as well. So better don’t start it.

      If you have a gun and things really get bad, you can still occupy the mansion in Hollywood.

  • Colin

    This is what I believe –

    It takes time for a system as complex as the world economy to collapse. When it collapses, it will be sudden. I don’t think anyone, who is not a have or a have-more, will be ready for that moment. Many will die, and many will suffer. The world will rebuild, and the cycle will begin anew.

    • Endtimefanatic

      I believe this to the extent that you say it will collapse suddenly, but rebuilding anew will take place under a one world ruler and a one world government of the New World Order. The ruler will have all the right answers and he will amaze all. He will have a one world monetary system and you won’t be able to buy or sell unless you swear allegiance with him. His mark will be required by all on the earth. We are just waiting for him to come on the scene, and it is coming soon. Prepare yourself. Those who have ears, let them hear what the Word of the Lord says.

  • Jack

    Have you all read about the “Entitlement Riot” that happened in MI about a week ago? 4,000 people showed up at a Wayne County government building to receive Section 8 housing vouchers. They only had 1,000 vouchers to hand out. Things got ugly. The State Police had to be called in to get things under control. That’s just a small taste of things to come.

    • Steve

      Yes my friend. When 50+ million unemployed hungry US citizens get their monthly food stamp allotment of $300 from our blessed Government and it will not even buy a bag of groceries.

      • http://www.facebook.com/mykel.scott.77 Mykel Scott

        Yes the non food stamp shoppers actually have to watch pricing. The food stampers are a captive audience and are lining the pockets of the waltons as I type.

      • Janeb

        Just wait till the price of food and energy skyrockets again! Courtesy of Bernacke and co. And the stupid voters who think they can get a free lunch.

    • http://www.facebook.com/mykel.scott.77 Mykel Scott

      Yes they should have handed out exacto knives and said last one’s standing get vouchers. On your mark, get set , chimp out. Put it on pay per view I would so watch that ).

      • Bad_Mr_Frosty

        The Joker gets on a bullhorn. “We only have so many vouchers, so we’re going to have…tryouts, make it quick…”

  • 2Gary2

    all we need to do is spread the wealth around more evenly by yep you guessed it TAXING THE RICH, and ending corporate welfare. Another tax holiday for scum corp to bring their overseas money back to the USA. Did not create a single job last time and will not this time. Corp are already sitting on record profits. Tax these scum corp and spread their wealth.

    • Ralfine

      If you single out just one group you make a lot of enemies.

      How about you tax all incomes with 50%? Let’s say for the next 10 years, to get the debt reduction started.

      To make sure the lower income people can live without the taxpayer giving assistance, you set the annual taxfree income at $10,000 per person.

      To remove the medical expenses from the state expenses, everyone has to pay 10% of his income into an approved health insurance.

      Approved means third-party approved (need to set up rules and regulations for that approval).

      To reduce state expenses, all soldiers are recalled from overseas. Purchase of new weapons systems is frozen for the next 10 years.

      To reduce state expenses, salaries and wages of state employees will be frozen and subsequently reduced to a reasonable level.

      something like this.
      There will still be discussions and complaints from all sides about details, but this is a program that shows direction and purpose.

      I don’t think either Republicans or Democrats have that drive.

      • http://www.facebook.com/people/Shmeggle-Marxist/100001597489122 Shmeggle Marxist

        are you describing yet another failed attempt at socialism?

        • Ralfine

          In China, when you have an accident, you get treatment only after payment.
          I guess that would be true capitalism for you and the only preferred method?

    • http://www.facebook.com/people/Shmeggle-Marxist/100001597489122 Shmeggle Marxist

      we must eat the rich, rumor has it they are simply delish!

      • Hammerstrike

        Michael Moore alone has enough supplies to feed half of Ethopia for a year.

    • Bad_Mr_Frosty

      A person that would throw their own grandmother down a flight of stairs for a billion dollars will do the same for a million dollars. End globalism, force American companies to hire Americans.

  • Ralfine

    It only gets really bad, if people insist on getting the money back they have lent the state, and then the state says there is no money.

    The rather medium term problem now: stagflation.

    That is, economic stagnation coupled with high inflation due to money printing.

    • http://www.facebook.com/people/Shmeggle-Marxist/100001597489122 Shmeggle Marxist

      why would anyone want back the money the lent? bwahahahaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa, you are such a leftist joke

      • Ralfine

        Ok, here a nice offer to you.
        You lend me 2 million dollars.
        why would you ever want them back? LOL

        • http://www.facebook.com/people/Shmeggle-Marxist/100001597489122 Shmeggle Marxist

          die slow fembot

          • Ralfine

            just read your other posts.
            how old are you?
            12?

  • markthetruth

    There is growth right now, money is growing on trees and everyone is using it but in the end if everyone is doing it , it become a net sum 0 growth.

    He who owns the gold will control.

    Merkel looks to be in trouble and could spell trouble for the EU and the ECB . As she has caved into them.

    BUT ! Like Michael says When will it burst well put it like this.

    It’s called Monopoly the game will go on if everyone could bring a stash in their pocket and cheat but , it’s over when ONE will own everything. Then you play WAR!!!

    the end…

  • K

    The economy is on life support. But do you understand why? The answer is, they have to build up a group to blame it on. This Country was built on the blood of murdered Indians Became rich on the blood of murdered slaves. Now the collapse must be blamed on some evil group. That group will be gun owners. Yes yet another mass murder has occurred Yet another evil military style weapon is involved. Bet it turns out to be an AR-15. They would not want you to become confused,, by using a different model. Yet again it is a child who did the killing. A child that when the time comes, suddenly acts like a combat veteran. Shooting each victim several times, to make sure they are dead. As a result they will continue to push the gun owners. Until they finally fight back. Now they have their evil group to blame things on. You see, because of this, the Government will have to clamp down. A side effect of the clamp down, will be further economic slow down. The collapse will not be because of borrowed money, or sending jobs out of the Country. It will be because of the latest evil group they formed, gun owners. And most of you will buy it. You wonder how the decent Germans allowed the Nazis, to come to power. This is how. They blamed the Jews, you will blame the gun owners.

    • lewis

      just like the social marketing of terrorism from the 1970s.

  • http://www.facebook.com/people/Joe-Palladino/100001624813101 Joe Palladino

    Gary doesn’t care he just wants more free stuff and Gary will eventually put a gun to your head and take what is yours, we have seen this time and time again throughout history. Gary is in the oval office now and the country now resembles Gary – Division, arrogance, self centered, self enititled and greedy. America has been overun by Gary’s….America’s days are numbered.

    • http://www.facebook.com/people/Shmeggle-Marxist/100001597489122 Shmeggle Marxist

      +1

      • Hammerstrike

        The 34 percent of all Americans believe that their country is heading in the right direction are the ones living on the dole and voted Obama in the last elections (1/3 of voters).

  • Steve

    These Government leaders with all the potential considerations will fail in their calculations and have such unintended consequences. A Global Depression that will make the U.S.1933 Depression a cake walk. War, crime, riots and famine will be the norm. A lynching of the middle class with nothing left will thrust violence upon the “Elites” and the “Rich” that the world has ever seen. If you can, leave the U.S. and find a 3rd world country where they know how to survive on nothing. You may realize then you will be one of the Blessed lucky ones. For now the growing massive debt is a smoldering volcano is like Mt. Vesuvius, that when it blasts will leave the world looking like Pompeii.
    - Steve 09/11/09

  • Big Don

    China (no debt?) will inherit The Earth…

  • http://www.facebook.com/linda.hudson.503 Linda Hudson

    Like an Ostrich, heads in the sand!

  • markthetruth

    Phil Mickelson has hinted at a move away from California, perhaps the United States, and maybe even away from golf as he seeks to escape
    punitive taxes.

    If you add up all the federal and you look at the disability and the unemployment and the Social Security and the state, my tax rate is 62, 63 percent,” Mickelson said. “I’ve got to make some decisions on what I am going to do

    the end…

  • ItIsWellWithMySoul

    I currently homeschool my children as well as others. I use the old history books that are dated after World War 11. The other day we were reading about communist and why America is against communist and then it explained communist in a way my jaw literally dropped. Everything they said were signs of a country becoming a communist nation was describing America as we are today. If I wasnt on my mobile phone I would copy the info but typing on this phone is a pain.
    My family is considered a low income family. I grow my own food, grind my own flour, and even sew my own clothes. I don’t need to take money from the rich or live off the government because I am not afraid of hard work. If I ever decided that I want to be rich then I would go back to college and pick a field in which resulted in high income. That’s part of being in such a free country. Those who have a dream must work hard for their dream and those who are too lazy to work hard for their dream shouldn’t feel entitled to what others worked hard for. As for now I am super happy homeschooling my kids and staying home.

    • quercus454

      No offense intended, but seeing as how you are home schooling children, I thought I would mention a couple of corrections. Please excuse if you were just short cutting on your phone.

      World War Two is abbreviated with two capital I.

      ( Roman Numerals): WWII

      The use of communist is incorrect in your post. The term should be communism.

      “The other day we were reading about communism and why America is against
      communism and then it explained communism in a way my jaw literally
      dropped”.

      You will find that almost all pre 1970 history books are entirely different from what you find today. There has been a dramatic shift in pubic education. Civics/US history as well as math and science have taken a back seat. Social studies, foreign languages, communications, computers and other less traditional subjects are being emphasized.
      History books have become PC, not wanting to offend any ethnicity, culture, country or race. Important aspects of American history are often brushed over, while insignificant things are added. The US Constitution is rarely studied in detail and hardly any focus is put upon it’s historical greatness or the concerns it’s authors were trying to address..

      It is good you are homeschooling your children. Studies have shown that most children home schooled do better in college then their public schooled peers.

      • ItIsWellWithMySoul

        Here is a little story for you…… I use to teach at a school and one of the other teachers always took it upon herself to correct the rest of teachers because we did not always use English in the correct way. I loved this other teacher but everyone else seriously avoided her like the plague. Eventually she got fired because she did the same to the principal and along with that told him how to run his job. The other teachers were excited that she was gone. This is a true story and I typed it on this little phone so that you will know that although you may mean well you are annoying.

      • http://www.facebook.com/tim.mrva Tim Mrva

        Dumb. You are correcting “itiswellwithmysoul” and you don’t even have a firm grasp of proper grammar! You say “…most children home schooled do better in college then their public schooled peers” when clearly any intelligent person would write, “…most children home schooled do better in college THAN their public schooled peers.” So shut up, smarty pants. Look in the mirror.

    • sandra schmidt

      That sounds like a good life, like the kind our grandparents and great grandparents lived. Congratulations.

  • artb51

    The obommunist has done exactly what his agenda has called for, the dismantling of the United States under Cloward and Pivens 101. He is right now foaming at the mouth ready to pounce as we collapse so he can declare Marshall Law and be king obama. The one good thing about that is all dictators are delusional, live a paranoid totally fubar life and eventually wind up in a black bag.

  • stroea

    My question is: If only a small percentage of Americans approve of congress, how come we continue to elect the same members?

    • http://www.facebook.com/people/Joe-Palladino/100001624813101 Joe Palladino

      The enemy of my enemy is my friend…

  • brasstaxx

    Thirty-four percent of Americans think the country is heading in the right direction? That’s scary. C’mon, people!

  • http://www.facebook.com/people/Peter-Paul/100002485527287 Peter Paul

    They dont care because they know the people they owe the money to are we the people, and whatever they do about it we cant stop them. They are assumming of course that the military and all State law enforcement is under their control. I think that will prove to be a false assumption in the end.

  • El Pollo de Oro

    Corporatist/globalist CEO when he closes down operations in a right-to-work-for-less state in The Banana Republic of América and announces plans to move operations to México: “Life is rough. Get over it.”

    Corporatist/globalist CEO when he closes down operations in México and announces plans to move operations to Guatemala, El Salvador or Honduras: “Life is rough. Get over it.”

    Corporatist/globalist CEO when he is kidnapped for ransom by collectors of the Desperate People Doing Desperate Things Tax and finds himself bound and gagged and covered with bruises in a wretched shantytown slum in Guatemala City or San Salvador: “Dear God, please help me.”

    DPDDTT thug who beat the CEO senseless on camera, cut off a finger and filmed the beating in order to encourage his wife to pay the ransom sooner rather than later: “Life is rough. Get over it.”

    Globalism sucks.

  • markthetruth

    China :
    4 Great Inventions
    compass
    Gunpowder
    Papermaking
    Printing

    The Chinese where always Street Smart.

    Know They are producing way more Engineers,and PHD student then we are.
    China Beats U S in Reading, Math and Science

    Companies are now outsourcing to china instead of India.

    Chinese are smarter then we think and can build anything from hand. And are build our Bridges and Prefab Homes.

    Laugh all you want but the Chinese industrial machine is cranking up to take over a lot of what we think is unapproachable here in the US.

    China is a producer We are buyers. How long can we last with no money.

    We are worrying atbout the Sun knowing it will engulf us, and Mars is the only planet that we believe we can artificially warm up (until mars gets in a earth like orbit) to start Algae growth that will create oxygen then we will move there. That’s what the mars rover is for. We will become planet hoppers.

    I say what’s meant to happen and will we shouldn’t
    try to defy what God plans. We are fighting the one that put us here.

    Let us enjoy earth while it last…

    the end…

  • http://www.facebook.com/people/Shmeggle-Marxist/100001597489122 Shmeggle Marxist

    . .

  • Mondobeyondo

    The Germans won’t get their gold back. Because there is no longer any gold to give them.

    • Hammerstrike

      Exactly.
      Even fake gold bars are in shortage.

  • Irish Savant

    “A debt of 16 trillion dollars “is not a problem”?
    Well actually it’s not a problem – for a government – if that government can print its own money. That’s what the US has been doing for decades and getting away with it. In theory the US could issue the 20 trillion coin and pay off all its debts that way right now.
    Naturally, this would bring about a host of other problems, but the powers-that-be would have prepared for that and have scarpered from the scene. This is what I see happening and it’s why I don’t see that massive CRASH that Micheal and so many more keep referring to (which has been ‘imminent’ for the last five years!).

  • Strangewalk

    The US can keep interest rates artificially low just by purchasing its own debt, which it has been doing for the past few years–no need to fear the bond enforcers. The explosion of recent debt is mostly related to the financial crisis and was used to bale out or back stop the reserves of financial institutions. In any modern economy, over 95% of all money does not really exist, it’s imaginary. What happened is that lost strings of digital zeros on financial institution data bases were simply swapped out by government zeros which were added to its own debt records. This has not resulted in hyperinflation because the ‘money’ was never injected into the real economy (known as velocity), but is held as reserves, invested in stocks (biggest reason for new market highs), and goes to pay record corporate bonuses. It’s all very bizarre to the point of insanity, yet Japan has gotten away with managing a similar type of deception for over 20 years now, Europe is playing almost exactly the same game, and in China it’s well known that their debt can forever somehow magically disappear into the thick black smog, never to be acknowledged. As crazy as it sounds, US government debt is still viewed as the safest investment in the world by far, something that is directly underwritten by America’s global military dominance and perceived internal stability.

  • cpgone

    Real debt of the USA is 222 TRILLION.
    Prof. L. Kotllikoff.

    ECB…Please interview him.

  • YahuShua HaMashiach

    Thus says The Lord, to the generation of His wrath:

    I have trumpeted to you, yet you cover your ears. I shall show signs and wonders the likes of which as has never been seen, indeed many signs are made plain already, yet you cover your eyes. Is this not a small thing for The Lord, and the judgment poured out on Egypt a mere twinkle in the vesture of God’s power?

    Yet you refuse to repent! Neither will you bow down, for your hearts are hard and your mouths vile! Therefore, judgment is come! Judgment shall fall! It shall fall hard upon your backs and be very heavy!… Breaking the backs of the wicked, abasing the proud and humbling the haughty, casting down the high-minded and bringing swift death upon the oppressor! Behold, on the whole multitude, upon every inhabitant of the earth, shall it fall! All shall be broken!… Some broken and lifted up; and many more, broken and condemned.

    THE TIME HAS COME!…

    Hear the WORD of the LORD spoken to THIS modern generation!…

    Letters from God and His Christ, given to a modern man for modern man’s sake!

    TrumpetCallofGodonline . com

  • Tex May

    Lots of Looney Tunes in the comments today.

  • Patriot Alice

    Japan 211%? We can still kick the can down the road for a while longer..Let’s continue to borrow and spend, and send the bill to our kids and grankids, they will thank us for sure..Hey I know what! Why don’t we create a flu that will eliminate most baby boomers in a year or two, thus reducing that burden on our society..(Lots of sarcasm)

  • http://twitter.com/SlangemDozier Slangem Dozier

    Start growing your own food, and learning how to preserve, and can food.

  • rev. dave

    “Why don’t we all go out and open up 20 different credit cards, run them
    all up to the max, and then tell the credit card companies that we can’t
    pay them back but that it “is not a problem”.”

    Well, if we all just went belly up on whatever credit cards we have, we’d crash the system by doing that. Most of the card issuing banks are subsidiaries of the biggest banks in the nation and world. You’d be kicking them right in their corporate jewels. (Now I say ‘you’ because I no longer have a credit card.) The system would collapse, and they’d be giving away credit again to try to make SOME income out of your payday.

    If you go belly up, you won’t be able to use cards any more, but you’ll have tons of cash flow again to pay cash for what you need. If you cancel and then pay off the cards, it will be tough for a while, but in the end you’ll still have a butt-load of spendable income and little or no interest sucking up the gravy from your plate. Either way you’ll be more free than you are today. You might even be free enough to walk away from your job and do something you like doing.

  • Blackhawk

    Mr. Warren Buffet says “the debt itself is no problem” so let’s borrow 1bn. from him and pretend is no problem. I really don’t think he will swallow it

Emergency Essentials/BePrepared
Agora Financial
Thrive Life
FEMA Hates This

Austin Coins
Family Survival Plan - Check This Out!

PRI Advanced Fuel Treatments

High Blood Pressure?
Liberty Metals
The End Of America?
Panama Tours
ecb125e
Facebook Twitter More...