Watching the circus of economic stupidity unfold over the past several weeks has been an accurate indication of how desperate the authorities have become.
The powers that be are trying anything and everything to avoid the coming collapse of the US economy. They have pulled out all the stops in an attempt to fix the problem. But the fact is, they are the problem.
And in the end we're ultimately going to have to deal with the consequences. They simply cannot be avoided.
You would think the public outrage would be incredible as we watch one absurdity happen after another. Unfortunately, people in general still seem very passive about it all. Here's what I'm talking about...
We just gave Citigroup over $300 billion dollars without even as much as a discussion with Congress or the public. And yet we have to have multiple hearings in CONgress on whether or not to give the ailing car companies, who actually produce something, a paltry $20 billion in loans. Go figure. No, check that—don't try to figure it out, it's just too stupid.
Another example is the latest forecast for the annual US Federal budget deficit in 2009 for more than $3 trillion!
That's over $2 trillion more then last year's budget deficit that we used to complain about.
As it turns out, the years of trillion-dollar yearly deficits were actually the good days.
If someone told me a year ago that we would be projecting a US $3 trillion dollar budget deficit for 2009, I would not have believed it. And the international economic data put out over the last two weeks is no better.
But, hey, not to fear, because Obama is going to save us!
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Right?
Wrong!
Every single US President that we've ever known did not make good on most of the promises made while campaigning. In other words, 100% of these Presidents turned out to be a lairs. Why then would anyone believe Obama will be different?
Barack Obama is just another power-seeking political puppet in the hands of the Federal Reserve.
Need proof?
Just look at Obama's choice for the office of United States Ambassador to the United Nations, Susan Rice.
Dr. Susan Rice's father is Emmett J. Rice, a former governor of the Federal Reserve. She's also married to ABC News producer Ian O. Cameron. So right off the bat we know that the new United States Ambassador to the United Nations has direct ties to both the Federal Reserve and the mainstream media.
Rice is also a member of the Council on Foreign Relations. For those of you who don't know, the Council on Foreign Relations is a very powerful private organization that influences the foreign policy of the United States. It began with Woodrow Wilson's "Fourteen Points," a speech which suggested a worldwide security organization, or in other words, a one-world government. The organization was also initially bankrolled by early 20th-century New York financiers and international lawyers including J.P. Morgan and John D. Rockefeller Jr. Both of these men helped to set up the Federal Reserve system.
It is not about Democrats or Republicans anymore. Both parties have failed the American people. It doesn't matter who gets elected from these parties. These people serve the powers that be, which are the fractional stock owners of the Federal Reserve.
Our country was founded as a republic, and our elected officials are supposed to represent the people. But whose bidding are they doing anymore?
Certainly not that of the people!
If you look closely, they are following the orders of the Federal Reserve who recently told them to get out a blank check and bend over.
Are you angry? You should be!
Are we as Americans really this apathetic? Are we all willing to just watch our freedoms, liberties, and prosperity whither away without a fight?
I am willing to bet that if a significant number of committed people are not willing to fight... then, yes, we will lose the essential liberties, freedoms, and economic prosperity that have been the foundation of our country.
As things get worse, the average citizen will become more aware of what is happening and understand the need to do something. This may lead us into the second great American Revolution within four years.
These are going to be shocking times. Gold and silver prices are going to skyrocket amidst the worsening crisis.
Keep Safe,
Greg McCoach
Editor, Gold World
Investment Director, Mining Speculator
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From bondage to spiritual faith;
From spiritual faith to great courage;
From courage to liberty;
From liberty to abundance;
From abundance to complacency;
From complacency to apathy;
From apathy to dependence;
From dependence back into bondage."
The only question remaining is, are we in stage six or seven now? Late six I'd say.