Economy? No, Major Catastrophe

Are you still listening to the experts? Lost your money? Who told us things were going to be great? Was it the experts? Yes, it was the experts. The real deal is this: The stock market is going to drop to drop to about 7000. Futures trading was suspended today to postpone the drop, but when those people get their transactions to the trading floor, the bottom is going drop out. Did you have a 401k? Not any more Monty. That and a dollar will get you a cup of coffee now.
So what do you do? Get out or stay in? The answer is stand pat for a couple months. Wait for the market to bottom then buy, buy, buy. One caution: Don't by any bad stock. Buy into solid companies that have a history of performing. Don't buy real estate until the bank's have reached fire sale prices on foreclosures. Until the banks get rid of those houses the value of homes will drop like a safe from The Empire State Building. Long, fast, and unrelentingly.
Get ready for a depression! If Congress says 2009 and the experts say 2009: add three years for yourself. Jobs are headed for China folks. The only people who don't have to worry about their job going to China are people who can't do their job from China. Those people shouldn't feel safe, because your jobs will go to the newest immigrants to arrive here. Need English to do your job? Your not safe either the Pakistanies and the Indians (people from India) are speaking it as a second language. Remember India used to be a British Colony. See Ya! My advice learn how to fix things. You need that, because no ones going to buy anything. They are going to fix it on the cheap. Of course you can always go into mental health. There should be a huge increase in people with Depression and suicidal tendencies.
Think I'm joking? Apply for a job at Chrysler. Oh Chrysler's for sale.

9/11 Revealed: The Top Secret Story

Image via WikipediaAccording to a new book released recently, The NSA (National Security Agency of The United States. was listening to conversations between Osama Bin Ladin's headquarters and at least two of the 9/11 Hijackers while they were in The United States. The book sites Secret Intelligence sources. The sources said that The NSA not only were listening to Osama Bin Laden's headquarters, but that they knew the two terrorist were in The United States. The listened for what was, reportedly, months leading up to 9/11 and had detailed transcripts of conversations between Bin Laden's headquarters and the hijackers. Not only were they aware of the terrorists presence in this country, but when the CIA requested transcripts of the conversations, The NSA refused to share them or allow the CIA to listen to the conversations while the were occurring.
Eventually The CIA managed to tap Osama Bin Laden's headquarters also, but were only able to hear the conversation on Bin Laden's end of the line.They once again approached The NSA and they refused to allow the CIA to hear what the terrorist were saying or what had been said earlier.
As we know the attack took place and thousands were killed, but what still has not been revealed is whether The NSA had the details of that attack on tape or in transcripts, Days or even months before it occurred. One would think that it doesn't take a rocket scientist to figure out the answer to that question, but we will leave that to you to decide. As to the reason The NSA would not release the information to The CIA, sources say inter agency rivalry played a great role in their decision.
It is now clear why The government created The Office Of Homeland Security. It is not clear however, why there was a need to tighten security at airports to the extent they have tightened it, given they new about the terrorists before hand. Clearly one could see political reasons for many of the measures that Bush has taken unilaterally and in cooperation with Congress.
These facts could make one wonder if the government wanted to wire tap all Americans without the restraint of the law or due process. You take a guess.

NEWS FLASH: PRESS ELECTS OBAMA!

Image via WikipediaWell it's all over. The press has told you what you think now and who the winner is going to be. Why bother going out to vote? Obviously there really is no point to voting, because the press has told you what you think and they have decided the winner.
I think The Press has gotten way out of control. It just makes me so angry that they keep telling me what I think. I think most Americans are fair minded people. Yeah, there are some idiots on the left and the right that say unacceptable things. Unfortunately the first amendment applies to idiots too, but for the most part it's good.
This is not a football game. There isn't a next season to get it right. You have to stand back and look at the facts. The facts are simple. Raising taxes on anyone during a depression is bad. It takes money out of the economy and sends it to Washington and we all know how Washington spends it's money. The President makes suggestions to Congress. He doesn't pass laws. The Congress passes laws. The same Congress that you all hate. In Washington a good idea starts out in a committee and they work out a deal. They change the bill so that they can pass it. This means the good idea becomes not as good of an idea. After the Committees it goes to the floor to be voted on and people add amendments. This usually results in the rape of the original idea. This happens in The House of Representatives and in The Senate. Next The House and The Senate sit down and wheel and deal on the bill. They add things and change things and finally the pass something that has nothing to do with the good idea we started with. These are the facts. You have to decide who can twist enough arms to get a bill through Congress with the very minimum of changes, because peoples jobs, homes, and the food in their grocery cart depend on it. The fact is that Congress cares about you when they want to get reelected. The rest of the time they could careless if you fall in a hole. Obama style is to sit back and let people talk and if he doesn't agree with something he votes present. Is that what you want in the White House. McCain is wrong about taxing benefits, but that proposal would have a chance of passing in Congress. They both talk about cutting programs line by line and doing the same with the budget. The truth is that no President has the power to do that. They can either sign or veto the bill. The budget is proposed by the President, but Congress takes out what they don't like and adds other things they do like and sends it back to the president to sign or veto.
I said this is not a football game and what I mean is, there isn't away to unelect someone you don't like after they are in. You can pull your quarterback in football, but not in this game. The reality of tonight's debates was that Obama spent the night dodging questions and changing the subject. You see as much as McCain doesn't want to talk about the economy, Obama doesn't want you to know who his friends are or that he voted present 130 times in the Illinois State Legislature. He didn't have the guts to take a position and stand his ground and say yes I believe this or no I don't. You can't vote present as President. You have to make a decision and see it through.
The Press seems to miss that point over and over, so they have told you who to vote for so go do it. They run your life right? I am still considering writing in Hillary, because at least she was in touch with reality, whether you like her or not.
I'm sure she would have Bill continue his trips to Africa to support his health initiative there, so he wouldn't be under foot.

Want To Say "DUH To The Press And The Government?

Image via WikipediaWell The Press is starting to get it, but the government is in denial about the economy and Americans. We seem to live in the real world, as opposed to the fantasy world that Washington is living in with the press. We know our paychecks don't buy what they used to and that our jobs are going to India and Chine. We also know that employers are blackmailing Americans with the all to real threat that they will go to China or wherever. Now here's the world the government and the press are living in.
They think that we should borrow until we can't borrow any more, and then borrow some more. They don't seem to care if we can't pay our bills, but they sure do care if banks can throw loan and credit card offers at us until the shredder wears out. Yes, if they could pass a law that forces you to borrow they would. Obama, McCain? Don't kid yourselves. They are not offering real answers. We just keep getting the same canned ideas over and over If you believe that they are going to help you, you need to go to the clinic and get off crack. Why?
The answer is simple. When jobs and houses and oil caused us to go into shock and scrimp to pay the bills, they voted an 800 billion dollar plan to bailout the rich. If you say that's not true I say show me the check that came to bail you out. If you can I want to know why the rest of us didn't get it. Who voted for that money to bailout the bank's? Obama and McCain, that's who. What did they tell us about our bailout? We'll take care of you later, That's what. I hope you are not betting on that happening or holding your breath. The first will result in complete despair and the second will cause you to pass out over and over. They haven't talked about a plan, because they don't have one. Isn't it strange that the whole country is asking for specifics on the economy and neither of them seem to have any. This should be a clue to you, or does someone have to hit you with the kitchen stove? The fact is you need to bas your vote for the one that isn't going to rape us with taxes. You need to vote for someone who doesn't like the idea of a global economy. Global economy are the words that mean your job is going to china and the government is going to give the company tax breaks to do it.
What we need are jobs based on making things and building things. Jobs that make people want to buy made in the USA. We need to have an economy that does not have made in China stamped on it. People you need to start reading labels. Made in china means some one's job went out of the country. It means that what you bought is toxic (contaminated). Lead bas paint, hazardous chemicals, and god knows what else are in anything from China. Half of what China makes is not allowed to enter Europe, because they have safety standards, but you just go right ahead and vote your job out of the country. Vote yourself and your children into a life time of debt. Vote for higher gas prices, Vote for the biggest depression in history. I haven't decide who I'm voting for, but I'm considering on writing in Donald Duck. After all his uncle has money. Unlike us.

Obama and McCain The Hidden Truth

Image via WikipediaWhat do Obama and McCain know that you don't? They knoow our way of life is about to change forever.
The next seven years are going to see home prices drop like a stone. In a depression the dollar becomes harder to get, so it buys more. But it is a double edge sword, because what you make goes down. The problem with our situation is that the dollar is losing value and home prices are going to drop radically. You are losing equity in your home every day. The resale value is tanking. At the same time, there are more dollars in the economy, but banks won't lend them. Imagine a damn when water pours into the river like mad. The damn gives way at some point and the result is devastation. We have banks acting like the damn and dollars acting like the water. When all those dollars hit the economy the result will be run away inflation and devastation.
Let me explain how this hurts you. When your home value is low and money is flooding the market your house will be dirt cheap. Unless you hold it for decades you will never get your money back. Home prices do not rise as fast as other prices. This makes them a good long term investment over a life time. The same properties that make your home a good investment can be devastating. Here's why. When you buy when home prices are artificially high, the value of your house drops substantially when the home market stabilizes at it's real value. In this case, millions of houses are on the market and they can't be sold, because they are overpriced. At some time the force of the market will cause these houses to drop dramatically in price, becaus as they get run down there value decreases. Bank's know this, so they don't put money into the houses, they dump them all at once and cut their losses. When millions of houses become available on the market dirt cheap, you and everyone else sees the value of their house drop below market value. The result is that your morgage becomes a liability to you, because your house is not increasing in value. This is the case because you owe two or three times more than you'll ever get back. Think of it like a car. A car loses value every year, but if everyone suddenly needs to sell their cars the value drops like a stone until cars become less available.
What Obama and McCain know is that home values have not even begun to drop at the rate it is going to when those banks cut their losses and sell at fire sale prices. They also know that there will be too many dollars in the economy, so anyone who comes to buy your house will be paying less than you can make back, even if they give you more dollars, because the dollar is going to be worth so much less. Inflation will cause the price of everything to go up, but your dollar will be worth less, so if they pay 1000 dollars for a tv then, it will be the same as you paying 500 now. Imagine now that these people have twice as many dolllars as today and your house value hasn't gone up at the same rate. If you paid 200,000 for your house and they buy it at two hundred thousand, they will be paying the equivilent in dollars of 100,000 dollars. The result is that you will lose 100,000 dollars to inflation.
I know this is very complex, but do the math inflation makes the price of everything double, but the price of your house stays the same. What happens? you lose lots of money. This is why so many people are walking away from their houses. They know they will never get their money back. Since your home is your largest investment you take a bath. Combine this with your losses in the stock market and you have lost your retirment.
These are the things that Obama and McCaine are avoiding revealing at all cost, because they don't want to lose your vote. Did you notice that the bailout will not start until after the election? Guess what> That is not an accident. They want to get elected before the real trouble starts and so does Congress.
It's really too late to avoid this calamity. The people in the stock market understand that this is going to happen. They know when it happens the economy is going to have a fatal heart attack. They are selling like mad, because they have no idea which companies will survive. You see companies have been investing their money too and then borrowing at a lower cost to pay their bills. Companies that lose their investments and can't borrow will drop faster than the banks did. People who watch the market, and whose life is the market, are getting out faster than rats from The Titanic. It's no accident that gold is 900 dollars an ounce. Gold holds it's value.
Perhaps you have no idea how little an ounce of Gold is. I suggest you weigh an ouce of lead and see how small it is. Lead weighs less than gold.
Do your freinds and family a favor send the link to my blog to all of them. I am not trying to get famous or get millions of readers. I am trying to pass on some very important information to as many people as possible. My Link follows. Just cut and paste it into your email and send it to everyone you love. http://thehiddennews.blogspot.com/

Disaster,Mayhem,And Economic Impotency

Image via WikipediaI guess you missed my blog about the stock market, so I'll recap. We have not hit bottom yet. The bottom will be in the 8000 point range. Do you not get that this is the beginning of an unprecedented depression? Every major bank in the world is in big trouble, because they bought bad investments. To quote National Public Radio, Iceland is facing the possibility of going bankrupt. The whole country, get it? This is a wildfire and no one can put it out. People all over the world are feeling this financial crisis. Banks will not lend, or can not lend.
Some banks borrowed so much that they have no money to lend. They are hoping that they get paid back, but as the world economy tanks that becomes less and less likely. those banks are going to go down. These are banks all around the world, so no one can see the bottom of this. Other banks are afraid to lend, because a lot of banks are going to go under and if they do, companies that are banking with them will lose their money. According to National Public Radio, big companies can't get short term loans to tide them over, when they are cash short.
The things that you are not being told are huge. First of all, Social Security is in critical condition and medicaid and medicare are nearly doa. They are using the defibrillator on them. The government has been diverting the money from them for years to pay for other things. There are iou's in the Social Security Trust Fund from the government. This is a huge problem, because millions of people mave medical coverage through Medicare and medicaid, so guess who's going to pay when the government can't. You are. People will be in the hospitals in overwhelming numbers and with no reimbursement hospitals will pass the cost on to you. Millions of people are on Social Security and they have no other income. They didn't make enough to have a 401k and many of the companies they worked for went bankrupt and stole their pensions. If the government can't pay for Social Security what do they do?
What the candidates aren't telling you and you don't want to hear is that the economy can't be fixed. I know you don't believe that, but you didn't hear answers during the debate, because there are no answers. I'll explain.
People have borrowed themselves into a corner. They are one pay check away from losing their cars their houses and pretty much everything else. The day is here when those paychecks go away. No one can buy. We all know this. You have all seen the handwriting on the wall and you know if you borrow any more your a dead duck. The economy has been running on borrowed money. Companies borrow and you borrow and that's how they were buying. The problem is that you can't borrow your maxed out and so you can't buy. Companies have no income, because you can't buy. This means that one company after another will lay off people. Lots of people. This is why the stock market is dropping like a rock. The insiders know that the economy has ground to a
halt. Stores are not ordering goods people. They are only ordering what they can sell and since your not borrowing to buy things, they are not ordering much. The first thing people stop buying are things they don't need. Gift shopping is optional now. You may have even made agreements with your friends family and coworkers to do less this year, or nothing. If you haven't you"re one of the few. Next people will start selling things. Have you noticed that you can't drive a mile without seeing a car for sale. Dealerships are closing, because people are going to keep their cars to the till they die in the road. Everyones selling their second car, so the market is saturated with cheap used cars. Travel is a luxury now. Even ebay is laying off. If you can't see the handwriting on the wall you have your eyes closed.
Obama and McCain danced all around this crisis tonight, because it is political suicide to tell you the truth. The truth is, everything has stopped. Foreigners can't buy. Money is gone. It was in the stock market and guess what, it evaporated. Everyone in this country has maxed out their credit and so have the companies. This equals depression folks. Soup Kitchens, homeless people, people trading items to get food and help from handy men. Didn't you get a hint of this when the pipes in people houses were being stolen for scrap metal?
Americans are in denial and they are listening to people who have a vested interest in telling you that this is just the same old thing happening over again. The market has dropped before and it goes back up eventually. People, what part of this is the worst it's ever been including The Great Depression, don't you get? I know that you have no clue what that was, but basically bread crust was a good meal in those days for about 70% of the people. The government made everyone turn in their dollars and issued new ones at a two for one rate. If your not afraid, you are living in fantasy land. It's not just time to be afraid, it's time to start figuring out what you can sell. I know my grammar sucks, but what i have said in my blog has consistently happened, or is abuot to happen.

Blackmailed into The Bailout

Image via WikipediaWhat do you do if your huge banks that hold the keys to the economy and you are about to take a big hit? You use blackmail to force the government to take on your losses, so you can make huge profit's. How do you accomplish this? You simply refuse to lend money to anyone and let it be known that the lending freeze will continue if you don't get bailed out. Is this what the banks did? Have you got some money to wager, because you can bet that's what happened.
In a country where loans fuel the economy, they have more power than the government. Congress promises an investigation, but it's a safe bet that if you elect these people back into office you will get the biggest cover up since Watergate and unlike Watergate it will work. No one is ever going to know what went on in the backrooms of the banks or how they held this country hostage until the government wrote them a check. The Bush legacy of lying to the public has a new mile stone. One that no other administration has ever been able to come close to matching and one that will never be matched again.
We are now committed to printing money faster than the credit offers you used to get. I guarantee you that the government will print money with great abandon and the dollar will fall like a rock. If you had a trip planned to any country outside the United States, you had better forget it, because you will have to hand them a suit case full of money to get a coffee. In the mean time the government will go back to Communist China with their hands out begging to borrow money. China won't need to invade us they will own us.
Expect the Chinese to wait until we owe them, so much that they can dictate policy to the United States, then expect them to take away your freedom. The Bush Administration is selling us out to the Communists right in front of our noses and no one is raising a finger to stop it.
Lead in our kid's toys toxins in our food. What else will the Chinese give us. Perhaps a new Constitution written in Chinese. The FDA has now stated that a known toxin is acceptable in our food, because the Chinese have so much clout in this country. Put a little of this toxin in to every product you eat adds up to a lot. The Chinese are murdering their own children with Melamine and now we find that it could be in a lot of our food. How many products are you eating now with this toxin in it and how much does it amount to in your diet. Better find out before you end up dead.
The Bush legacy is a history of caving in to crooked businessmen, crooked Banks, thousands of dead soldiers, and toxins in imported goods. It will be a depression that last for the next seven years and a blood bath in Afghanistan. On top of that the odds of Al queda and the Taliban taking over Pakistan and getting nuclear weapons is growing daily. Imagine Bin Ladin with nuclear weapons.
Bush has sold America out at every turn and the bailout is the biggest sell out of all. The million dollar question is where was Congress when this was happening and the answer is standing with lobbyists who payed them to turn their backs on the people. You voted them in and they sold your future out and the future of your kids out. They knew the banks were black mailing the United States and they paid them off. I wonder if they were saving our investments or their own. I'll bet you already know.

The Election and The Change Game

Image by earthpro via FlickrWe all want a change. That's a fact. Americans want someone to change the way Washington works. We really need change. The politician's have been telling us that they represent a change during the presidential races for decades. Most of you don't remember, or don't care to remember, that George Bush said he was the agent of change. He ran as a Washington outsider, who would shake up Washington and make it work for us. Of course we all know that he got elected. Why, because you don't look at people's records and you're biased in one way or the other. You should have known there would be no change when he picked, one of the most ultra Conservative hawks to be his running mate. A man who was pro big business and pro big oil. The man was Dick Cheney. A man we have all grown to hate.
Now once again we hear that this election will change our lives and change Washington. You are all on the band wagon once again letting your emotions and biases guide you. Obama's people think that he will bring change, but who is his running mate? A Washington insider, who represents the status quot (the same policy). I watched him during the democratic debates and he stated that Obama was wrong over and over, but now he has gotten religion and some how sees Obama's policys as if they were brought down by Moses with the Ten Commandments. All in the sudden, the Washington, where he has served for over 30 years, is the problem. Why wasn't it the problem ten years ago. The fact is that Washington has always been a problem. Now I know you Obama people are foaming at the mouth, so here's the other side of the coin.
McCain is not beloved by Republicans, because he actually reads bills and votes the way he thinks is best, but McCain is stubborn. That is good and bad. He thinks that the answer to all our problems is to cut taxes and let us alone to prosper, but as you know, business is leaving our country for China daily, so a tax cut isn't going to fly when your unemployed. He doesn't understand that for the most part we don't manufacture things in this country Any more, which means that we can't find and keep work, so we can't prosper.
Obama and McCain are at two different ends of the spectrum, but they are selling change. Get your calculator out and crunch the numbers and you'll find we are screwed with either one. Look at the make up of Congress and you will find career politicians, who vote to keep their spot in Congress, but have tons of options if they lose. We all know what those options are; working for lobbyist, representing foreign governments and writing books and doing speaking tours at 50,000 a pop.
If you want change you are going to have change who's in Congress. I don't get why your neighbor is not good enough to vote for what you need, assuming you agree with them. If the people you live next to don't know your issues, then you are not talking to him or her. I guarantee you that if you took the time to ask, you would find out he or she has the same problems you do. Americans seem to forget that the majority of president's weren't sophisticated snobs. They were regular people with faults and shortcomings. I think you are all caught up in the trap, that the President has to have status and an Ivy league degree. The truth is that people with ivy league degrees have nothing in common with you. They have ten times the earning power and can pick their jobs. They mingle with people who have a vocabulary that leaves us saying, what did he mean and what does this word and that word mean. They have million dollar homes in neighborhoods where you would be picked up and questioned for walking down the street.
I am not trying to tell you how to vote. The economy is not going to improve, just because you elect one or the other, It is in the tank and it's not going to suddenly turn around. I am trying to get you to set aside your biases and listen to the candidates without letting your opinions affect you. When you start doing that you are going to have good questions that you want answered and you will see that neither side is answering questions. How many times have you heard candidates say they have a plan and how many times have they followed it? The most amazing thing is when you ask them about their plan they refer you to someone else or somewhere else. It makes you wonder if they know what's in the plan and whether they want you to know what's in the plan.
A good used car salesman tells you all the upsides of the car they are selling you, but when you look it up on car facts you find it was under ten feet of water in New Orleans. No one is checking the facts for you here and your not demanding them, so if you get that car, it's your own fault.
I always find that no one voted for the guy when things go south. Amazingly he won through an act of god. The votes just suddenly appeared. Both these guys have skeleton's in the closet. Obama voted present 200 times on bills that came before him in the Illinois Legislature. I find it difficult to believe that he had no opinion on over 200 bills. McCain is a straight shooter, but he draws to fast and has been known to make mistakes. He is a fly boy through and through. You don't have time to think at 200 miles an hour with a MiG bearing down on you. I find this a bit troubling in politics though.
Change, change,change! We all know we need the right kind of change. but saying change over and over is not an assurance that things will change. More over it doesn't mean that it will be good change. I think you had better ask for specifics, or the change you get might be your living arrangements. From your house to the curb.
George Bush promised us change and we got change. We went from pretty good times to an economic nightmare. We went from peace to fighting two wars. By the way none of these people are coming home to stay, they are headed for Afghanistan and as you may or may not know, Afghanistan has never been conquered by a foreign power. The Russians met their Vietnam there. Will we do much better?

Bailout or Breaking You

Image by Tony the Misfit via FlickrFor everyone who didn't understand the bailout and are now sitting happily on their couches thinking their 401K's are safe your wrong. Yes there insurance and la dI dA, but here's what really happened today. The Senate has just voted on a bill that tells you to go into more debt, so companies can prosper. On top of that they have assured that we are going to go into a depression for the next seven yeas. The catch is that this depression will be accompanied by an astronomical inflation rate when the, now, 800 billion dollars hits circulation in the money stream. But guess what. That will not happen until after the election.
What does this mean to me?, you ask. Well basically your money isn't worth as much, which means your not going to be able to afford as much. Basically this money is like crack is, when it comes to the economy. For those of you not familiar with crack, it's a stimulant. Now your saying, stimulating the economy is good and I will say it is, but there's a catch. In economics 101 they will teach you that there is a very delicate balance in our economic system. This means when you break it down, not enough, and you don't get a higher standard of living, but too much and it's an overdose and the economy dies. Now your really confused right? I'll break it down for you. Buying and selling makes the economy go, but the amount of money that is available, determines what things cost. If everyone has a lot of money, then the dollar may or may not be good. Borrowed money means that the dollar is worth less, because it has to get paid back and that reduces the amount of money people have to spend. Just like you can't borrow until you can't pay your bills. In the same way,the government can't borrow more than it can pay back or the value of the dollar goes in the toilet, because the only thing backing the dollar is the government's word that it will pay people back. Other countries want what they lent us back plus interest. Well you say, just print it. Well, the problem with printing more money, is that, the easier dollrs are to get the less they are worth. You know this because when there was, supposedly less oil the price went shooting up, but when there was a lot of oil it was 99 cents a gallon. Yeah, I know, you don't remember those days, but ask grandpa. Well right now there is a lot of dollars in the world, so the dollar is cheap. Too cheap. That means when you go to buy something from another country, they want more dollars than they did before to make up for the fact that dollar's aren't worth as much as money in their country. Now this makes sense, right?
Well there were trillions of dollars floating around the world, so the dollar fell and as you know prices went up. What's my point, Right? Those dollars got into the world economy slowly and look at the damage they did. Four dollar a gallon gas. Food prices through the roof. The economy is on crack. Prices are getting higher and higher. This 800 Billion dollars is the kicker. All in the sudden there's all these dollars and the government can't tell other countries that there is enough property, possesions, and goods to back it up. This is when the bank comes to you and says pay up everything now. Countries can do that too. They can say pay us the actual amount you borrowed with interest and guess what we can't. Now, no one wants dollars and they start asking the country to pay them in goods. Well the government doesn't have enough goods, but it starts sending what they have to the people who have dollars. This means that there is less of everything in this country. The price of everything goes through the roof, because here in the states there are shortages of everything.
Now here is the bad part. The money in your 401k won't buy as much, because everything costs double. You thought I forgot that, didn't you? No not at all. You can't afford to pay the bills so you can't retire and there you go your screwed.
Guess what? The cost of things are about to go way way up and the money in your 401k might get you a new car without the gas. But wait, it gets even worse. Your company can't sell anything because of the prices, so they close. Then a lot of companies close and jobs are as scarce as platinum and that's scarce. No one has a job everyone has bills and everyone owes the bank for their credit cards. If you haven't got the idea yet your not employed or employable, but basically there's not enough room in the rescue mission for everyone. Now the great Depression was like that, but this is going to be 100 times worse. My recommendation empty your 401K's and buy someone else's money. or gold or better yet platinum. Don't call your financial adviser, because, guess what, His money is already there. The rich people's money is there. the only ones who don't have there money there are people who believe George Bush and people like you, who didn't understand until it was too late, that they were about to lose everything. Of course you don't believe this and neither did the people who thought that buying a million dollar house would result in doubling their net worth and making them rich. By the way they are not living in those houses any more. The bank's and foreigners who bought the mortgages own them now. Why didn't they double their money? Now I know your either stupid or super rich. Only, so many people can afford to pay the mortgage on a million dollar house and the people who are going bankrupt and losing their houses are the people, who didn't know that there were no more people to buy their house and thought that they could get rich quick. so what's the point of all this.
The point is that the government is desperate for you to borrow money, so your neighbor keep his job and the hell with whether you can pay it back. Your collateral damage. They also want your neighbor to borrow, so you can keep your job. Wait, that doesn't sound correct right? Wrong, that's exactly what they want. Your congressman knows this is a game of musical chairs with all of you and guess what, when they stop the music a whole hell of a lot of people are not going to have a chair, but they will be out of office or working for a foreign government or any place they can find that will assure them of having a chair. Sorry that this was long, but I actually thought that you might want to know it's time to grab a chair and sit in it until the music starts playing again, in about seven years. This mean's buy nothing. If it doesn't keep a roof over your head,feed you, or clothe you, don't buy anything. Put every dime you have in the safest investment you can find. Some of the aforementioned are good. Pay all your bills asap. Yes credit cards too. Too many or too much, two words, go bankrupt or wait and go bankrupt in any case you are going to go bankrupt. Don't get caught holding the bag when they make it impossible to go bankrupt. Guess what I am doing now. Paying off everything. I shopped for xmas and i'm done. I am not going to get caught with the bag or without a chair in this game.

Senate swallows Bush's Financial Fantasy Story

Image via WikipediaApparently, The Senate has swallowed Bush's financial fantasy hook line and sinker. They have scheduled a vote and are about to assassinate the American people's financial security.
The property that Bush and his buddies want to buy has not been maintained and some of it is in terrible shape. Bush would have you believe that someone would take this property off the government's hands at some point. The problem is that the government will have to maintain it or repair it. This will cost a boat load of money and once the government owns it they are committed to it's up keep. If they don't keep it up they will have to sell it at fire sale prices. The government's record on maintaining this type of property is abysmal, so you can bet the fire sale is coming. What does that mean for you and I?
It means the government will take a huge loss and because they are pumping 700 billion dollars of new money into the economy, inflation will sky rocket. How many of you remember the days when interest at banks was between 15 and 25 percent and everything doubled in cost. This what we are in for if this passes. The dollar will become like the penny. You will be stuffing them in cans and exchanging them when the can is full. This is just what the administration wants, because their rich friends will be getting unprecedented interest on their millions. We however will be saving it cans for lunch money. The days of going out to dinner are over people. Congress and the White House just want to hold the crash off until they can get reelected and that's just what this bill does. When the election is over you can bet that we will all be paying for it in cash. Get used to buying with cash too because the days of groceries on your credit card will be over unless you happen to be in the upper 5 percent of the income bracket and they don't need credit. If this isn't clear enough for you bone up on the great depression and then throw in staggering inflation and you might have a clue of what's coming. Basically, financial Armageddon is about to hit and this bill will only make it worse in the long run.
What the government knows is that the economy is based on you borrowing. That is the grease that makes the wheels of the economy turn. If you can't afford to borrow, it all stops and you will not be able to afford to borrow after this election.