Obama Just Created The Depression of 2009
By admin on Mar 21, 2009 in Blogging, Politics, Social Media
Now I’m really Scared For America.
Obama just put the nail in the economic coffin of the United States. He did it with sleight of hand once again using the big news of the day (AIG bonus ‘crisis) to hide his real move which was to absolutely 100% destroy the economy of the United States. This is that serious.
Watch This Video and Tell Everyone NOW
Watch this video now with Glen Beck. Your life literally depends on this as now it is mere months not years before Obama must outlaw guns and the Bill of Rights. In so doing he will plunge America into a real Revolution. You can read about the news on page 20 in your newspaper, or hidden where the sun doesn’t shine.
This is the fall of America. The media is helping by hiding the fact that Obama just turned America into Weimar Germany in 1932.
We are about to see massive inflation and I am so scared that this is not funny. Even Obama supporters can’t be so blind as to not see what he is doing? Surely even they can see that this path to marxism will not be a pretty one. Watch this and prepare.
We have been betrayed by the media. They put life altering and nation altering news on page 20, hiding the truth of what was just done to our nation.
Depression Here We Come
I guarantee you we will now be descending more and more into the abyss of socialism and marxism. On March 19, 2009 Obama had the Treasury Invest 1 trillion dollars that we do not have. The fed created this out of thin air in an imitation of Germany in the 1920s and 30s.
ALERT : Price of Gold up $80 almost immediately, everyone is abandoning he dollar and we are about to be slammed like a third world nation. This is so damned serious that I am ashamed that the media is not saying anything! They have it buried for the most part.
We are in trouble, Obama is doing it on purpose
My God America In just 3 months Obama has managed to increase deficits by many trillions.
He also has managed to now be the cause of unthinkable inflation over the coming weeks and months. Your money is about to become worthless, even in a bank and visions of wheel-barrels of money the Germans had to bring to buy a loaf of bread, echo in 2009. Even if you see the stock market sky rocket get ready for the total disaster that Obama just put into play.
Why is he doing this?
My friends everything written in the following article is coming true. Everything in it is 100% factual so please read, invest some time in checking the links, knowing what Obama is doing is the best defense. Investors - It is about time to ‘Shrug’ as in Atlas Shrugs. Just a question of when to dump everything and short on the uptick. Ride the market up, enjoy the ride but prepare for the ‘historic collapse’.
See:
The Second American Revolution Countdown
Also see:
Stephen | Mar 23, 2009 | Reply
Hey - does anyone care to compare the amount of money that is being spent here vs. our actual gnp? You would be surprised - it’s not as big as one might think. The real big projects going on are war-related. I’d rather have this kind of spending than war spending. The difference is that we eventually see this instead of paying for others.
Griffin | Mar 23, 2009 | Reply
You might want to try consulting an economist on this issue before just complaining about inflation.
What was neglected here was that by devaluing the dollar (yes, that is what they WANT to do), you’re making other currencies worth more relative to the dollar, and therefore increasing exports relative to imports, which retains jobs (look up the Phillips Curve). Also, you’ll see an increase in spending because saving is now less attractive relative to present consumption (AKA stimulus). Investment in capital goods will go up because, once again, it’s cheaper to get them now. Government spending, of course, is also up.
All these factors cause an increase in GDP, which increases the collective income of the US. The Fed manipulates interest rates all the time, and there is benefit to it, so it seems foolish to claim that this “never works.” Manipulating the long-term interest rate is a drastic step, but it will provide some stimulus, and help to retain jobs, which is the current priority. Hopefully this will help reduce the duration of the recession, and enable the repayment of debt when the populace can afford it.
admin | Mar 23, 2009 | Reply
Ok let’s then let us print another trillion, and then another. Let the dollar be worth .01 and see how fantastic it is since your salary can buy nothing at all, yet you still have a job.
It has NEVER worked ever in the history of civilization. We may see a nice bump in the stock market but get ready for the uber-crash of all crashes later on.
Just like if I ‘invent a trillion dollars’ and give it to banks and tell them make the loans to people. Immediately people will say ‘ it’s working, people are buying houses. Like DUH! Monopoly money can buy lots of houses but in the end reality hits just as it hit us hard these past months.
Money does not grow on trees. It has to be earned. Free money isn’t free, it bites you in the ass not now, but later. Witness our collapsing economy thanks to the CRA ( Community Reinvestment Act)
Some of you might like the idea of forcing banks to lend money to people who can’t afford to pay it back, but smart people understand that this is stupid and leads to destruction as it has, and will continue to since the idiots in Washington are still at it even now.
That’s right, the CRA is in full force even now and banks are attacked for NOT lending more to people who are high risk all in the name of social justice.
This is the fall of America and Obama is doing it all on purpose.
He thinks he will be America’s last President and I’m here to tell he will fail.
See http://www.earthfrisk.com/blog/?p=142 for details on just some of his scams he has running even now.