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A. H. Krieg 2004
While electricity comes from outlets, BS comes from Washington! The dance on the volcano shall continue until after the election, when according to my calculations the eruption will be long past due. Anyone with a modicum of common sense and a calculator must be apprised that things are not as reported by media or DC in America. The engine we call our economy stalled in the last year of the Clinton administration and has been artificially sustained through false information, and by the FRS (1) cutting interest rates thirteen times. Talk about a tulip bulb re-election scam! An examination of the facts is truly enlightening for all concerned. Since the end of 2000 consumer debt has skyrocketed from 70% of GDP (2) to 82% in '04. That my friends are a 12% increase in just four years. If we now examine just the last twelve months we see that total consumer debt has risen from a national total of about $ 9.4 trillion to about $ 16.2 trillion. Scary is the fact that this amounts to $ 25,000. of debt for every living American. But wait we're barley on track; average American credit card debt is now $ 12,000. per issued card. What would outside of sheer stupidity cause a consumer to carry such a huge credit card debt at an average interest rate of over 10% simply defies understanding. In 2003 personal income rose about 2% somewhat less than the rate of inflation, but personal individual debt rose about 10%. While total indebtedness per household rose to $ 926 billions in '03, wages in the same time frame rose a mere $ 191 billion. That is a shortfall of $735 billions. The bent bankers have sold American's the lie that they can sink into debt to keep the economy going. My prediction is that the housing market will be first to collapse. Then the Euro will continue its value rise, while the European Central Bank will begin changing interest rates in the opposite direction as Washington. Additionally gold silver platinum and palladium will continue its rise against the dollar. This weakening dollar will result in a change by which the dollar will cease to be the world's reserve currency. The fed will be out in the untenable position whereby if they raise interest rates the housing market will completely collapse and if they lower interest rates the dollar will completely collapse. An overview of the economy indicates several telling facts. Debt has risen, but paying off debt has not. Income when factoring in inflation clearly shows that personal income has declined since 2001 at an annualized rate of about .06%. The dollar in comparison to other currencies has tumbled over 34% in value, which means that prices of imports, which in March of 2004 were up to $ 47 billion in just that one month (3) will shortly become drastically more expensive. We and by this I mean every one of us is dancing on a volcano that is about to erupt. Jobs and employment numbers as issued by the Department of Labor and Commerce are total deceit. We have lost just over 3 million manufacturing jobs since the beginning of NAFTA the Republocrat instituted and by Clinton inaugurated through an executive order agreement. In addition we have lost 4 million manufacturing jobs to Mexico because European and Pacific Rim manufacturers built plants in Mexico 100% of whose products are sold in the United States. To add insult to injury 2000 plus domestic manufacturing plants in America were shut down and relocated to Mexico. The vast majority of those lost jobs have been replaced by part-time work and by service-sector jobs, whose income is between 20 & 30% lower, and which in the case of part time work has no medical coverage. Additionally, unemployment numbers are arrived at by government counting unemployed who are issued unemployment checks. Missing from this count are: sick and in hospitals, homeless, beneficiaries whose benefits have run out, older employees who have given up looking for jobs, in fact if all the numbers were honestly reported unemployment in America would be over 11% while reported at 5.6%. The expanding military is counted as employment something that is totally wrong because military employment ads nothing to the economy, it costs. The worst part however relates to the fact that no statistic is published that shows the average income of jobs lost and new jobs, the reason is simple all the new jobs are between 20 & 30% lower pay. This appears to be verified by several non-governmental studies showing that the average new jobs pay 23% less than those lost. In Michigan a state hit very badly by NAFTA the average loss was 26%. The dramatic rise of illegal immigrates that may be expected to continue its landslide growth will continue to depress the wages of American workers. The cost of the war in Iraq, and Afghanistan, plus the military deployment to over 120 nations is not economically sustainable. The encirclement of Iran by either occupation of, or the construction of military bases in surrounding nations seems to point toward a plan of yet another war. We have Iran totally surrounded, one side is Afghanistan the other is Iraq; Turkey has American bases as does Pakistan and all the old Soviet republics. Israel is determined to gain hegemony over the Middle East they destroyed Lebanon, and have America and England acting as military surrogates against Iraq, and soon against Syria and then Iran. The same mindless thugs who operate our banking systems through which they control our economy run our nation. It seems that none are keeping score on the costs of these wars but we do know of $ 58 billion than $78 billion then ….the present cost of just Iraq is up to $ 4 billion a month. Greenspan and the Fed are printing money at a rate greater than ever before. Since he has come to office Greenspan has expanded the currency by over 280%. That is one of the reason that the dollar is falling. The monitory policies of the Fed are the cause of the growing and unreported inflation. While the liars in DC tell the public that inflation is about 1.4 to 2% annually and grant SS beneficiaries a less than 2% cost of living adjustment and VA employees 1.4% congress who knows the real numbers has given itself pay rise of over $ 6,800. in the same timeframe. The reported cost of living index is another lie, because removed from the statistic is the cost of fuel, housing and taxes, the three economic factors demonstrating the greatest growth. In fact it is simple to demonstrate that not one single statistically reported by government fact is correct. This then leads us to the question what will happen. The greatest truth is the law of gravity so long as we are bound to this planet everything that goes up must likewise come down. The second is that if the fox is guarding the hen house the hens will be unsafe. We are the hens; the neo-cons and Zionist bankers are the foxes. The situation that these traitors of the Republic have created is the set up for the dissolution of America. No, I do not think that I am exaggerating. All you have to do is to connect the dots… The dollar is falling and will continue to do so. The dollar is being inflated at a rate exceeding 70% per year. Our trade imbalance is projected to exceed $ 560 billion in '04. The numerous wars in which we are engaged are projected to cost about $ 1 trillion in '04. American manufacturing has evaporated to Mexico. Indonesia, and China, our trade deficit with Mexico that was a trade surplus nation (4) nine years ago is now a deficit of $ 47 billion per year. Militarily we are stretched so thin that we are recalling troops from Korea to place them in Iraq. We are hiring mercenaries in South Africa, the Middle East, South America, and Europe. These mercenary troops now number over 20,000 in just Iraq. They call them defense contractor and businessmen. Economically we pay these mercenaries about four times what we pay our own military. All of our forefathers from Teddy Roosevelt back gave us good advice; mind your own business and keep your own council. We are doing neither! I predict something I have never before done that unless we immediately change direction the economic collapse of our nation within the next ten years.
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