Archive for the ‘unemployment’ Category

We don’t really have to January 2, 2013 to go off the fiscal cliff. It’s December 4, 2012 and congress goes on Christmas vacation Friday December 14th 2012 and they don’t come back till after we fall off the cliff. Taxmageddon will show up in the stock markets and will come well before January 1, 2013. If no deal is done before that date of Friday December 14th 2012. (There won’t be any deal) The stock market will show the results prior to the date not afterwards. If you have a 401-k or any other investment in stocks or bonds brace yourself for heavy losses.

This is a warning on Friday December 14th or in just 10 days all stock markets will start a rapid decline worldwide and this will continue into Monday the 17th and all the way to Friday the 21st December 2012 if no deal is done. The republicans will stay in Washington but the democrat controlled Senate will be ordered shut down by Harry read and the correction or crash will take place. The democrats will blame the republicans as that is what they are already doing even before there’s anything to blame anyone for. What will the blame game be like after markets crash? Friday December 14 is the normal scheduled Christmas break for congress.

The real cliff comes from a market reaction to the lack of any deal that stops America’s economy from a $600 billion shock. That shock comes from the shift in taxes and spending equal to a 4% negative to GDP and the biggest losses will not be the taxes themselves but the market’s reaction to those tax increases could cost trillions of dollars in lost stock values.

If the stock market’s losses are 2000 points on the DJIA for example in dollars it is equal to $2 trillion in lost stock values. This is the true result of Taxmageddon if congress allows us to go off the Cliff. It has been said for every 1000 points lost on the DJIA is approximately $1 trillion is lost in stock values across all U.S. markets.

Currently Republicans have no options to avoid the fiscal Clift or taxmageddon that will not destroy the economy and all the choices that democrats will allow to pass the senate will force a recession. All the options are really bad and the only one that will work for just a little while is keep everything the way it is and extend the current tax rates, but Obama has said and he insists he will not except that outcome of kicking the can down the road. If anyone is holding the middle class hostage it is Obama not the republicans in the house. Obama wants a grand bargain for which there is no good economic out come for anything he wants, what Obama wants will cost millions of jobs. That’s not an option Republicans can agree to.

Obama has proven over the last 4 years he understands nothing about economics, business or how jobs are created. It needs to be said Obama’s an idiot to top all idiots; he is the king of fools and will lead America to its complete economic destruction in the next few weeks. Obama’s winning of the election doesn’t prove his genius; it just proves how stupid the American people have become, all because of Obama phones that cheaply bought votes with tax payer’s money. (That is if he really won? As I believe the election was a complete fraud)


Obama says he will only accept a full 4.9% tax increase to the wealthiest tax payers and they are the job creators. That’s not a bumper sticker slogan anymore or a political talking point, it is just the facts. By the numbers it can be proven true that what Obama is demanding will certainly put us in a recession according to the congressional budget office = CBO. Let’s look at what faces the American people in the next few weeks and what the democrats have done in the past 6 years of the control of congress since January 2007. The American people have been setup with this no win scenario that we now have and democrats will be able to blame it all on the republicans no matter what republicans do because democrats control 85% of what is so-called the main stream media.

If congress does nothing we get the full force of the fiscal Clift which is a $600 billion shift in taxes and spending cuts. The media has been talking about this fiscal Clift but no one clearly explains exactly what that means. I don’t think any of media types are smart enough to see what it is or what it truly means for the economy, but I will attempt to explain it here. It’s not a matter of speculation it’s just really simple math and understanding economics.

If Republicans do what Obama and the liberal progressive democrats wants here is what the congressional budget office said about a deal republicans offered to raise taxes on the wealthy in the budget act of 2011 debt ceiling increase that threaten to shut down parts of government.

The CBO scored the proposal the republicans offered in 2011 that would raise taxes on the wealthy by roughly $80 Billion. The result was a recession and negative GDP growth of .5% or ½ %. They also said it would force 700,000 private sector jobs to be lost and by the end of 2013 push the unemployment rate from the current rate up to 9.1%. Again this was in 2011 and now Obama and the democrats want double or two times that much to $160 Billion in higher taxes from the job creators or the wealthy and that means twice the job losses to 1.4 million and twice the negative GDP growth -1%. This is what Obama wants; this is his so-called grand bargain. Only a complete idiot would think that’s a good idea, but that’s just Obama.

This doubling of higher taxes to the wealthy tax payers is the option that Obama is giving the republicans and this is not an option republicans can except, but it is insanity to ask for a tax increase that will force 1.4 million jobs to be lost to the middle class then lie about wanting to protect the middle class and force a recession in an already very weak economy that will loss 1.4 million jobs in the middle class. (Twisted logic) The only ones here protecting the middle class is the republicans not Obama.

How can the republicans agree to such an insane proposal when Republicans know it will cost so many jobs in the middle class and force us into a recession at the cost 1.4 million middle class jobs? They cannot. What sane person would vote for that? No sane person would vote for Obama’s so-called grand bargain and it’s not a deal of any acceptable kind. This whole Obama so-called deal is like trying to make a bargain with a terrorist who wants to kill you.

The Republicans have offered some concessions to higher taxes on the wealthy in recent discussions, but not the $80 billion and certainly not the $160 billion as the economy is weaker now then in early 2011 and any sizeable tax increase would not be good for the economy. There is no such thing as a grand bargain in what Obama is asking for; it’s more like a grand screwing to the American worker. Republicans are being asked to accept our grand economic destruction and the complete collapse of America’s economy into a deep recession or will it be a depression?

Taxes on the wealthy doesn’t include the automatic spending cuts from The Budget Control Act of 2011 said to be about $150 billion more that comes out of the economy and will have an additional negative effect on the economy. Obama is not trying to fix our fiscal issues and problems; Obama is trying to destroy the Republican Party and America along with it. I am all for spending cuts we need to shrink the spending of the federal government but not this way, not while taxing the crap out of everyone and forcing a depression like economy. These budget cuts should be done in increments’ in separate pieces of legislation over time slowing as the economy grows. I know this will not happen but that is the way it should happen.

The options the republicans have are unacceptable and the whole problem with the country is making deals or compromising with the democrats a party that wants to intentionally destroy the country. Obama and the democrats have found a way to blame the whole thing on the Republican Party but the truth is the whole thing was contrived by the democrats. The democrats want America to go off the fiscal Clift because they can blame any deal and all of them are bad on the Republican Party.  No matter whose fault it really is the liberal fringe lame stream news media will carry the lie and the people will believe the lie. America’s favorite pastime is blaming someone else for what they did to themselves by voting for democrats and Obama to get the free stuff.

I have told you about what the CBO has said about just taxing the wealthy and it has a really bad outcome and now let’s have a look at the math on the even bigger problem going completely off the $600 billion cliff. There is very big chance of the whole economy completely falling apart if the full force of taxmageddon if the existing law isn’t changed. The cost is a dramatic 4% of GDP just disappears into thin air. This will have the same economic effect as a gallon of gasoline going from $3.50 a gallon to $6.00 a gallon. You can probably relate to that and you know what that will do to your finances then multiply that time 140 million working Americans and the national fleet of 250 million cars. I did do the math based on our usage and the $600 billion taxmageddon it’s a very close estimate. This is an example for the effects and it will not necessarily affect the price of gas but the overall economic effect will be the same. (Catastrophic)

This taxmageddon automatically just happens in less than 4 weeks on January 1st 2013 if congress does nothing because this is already the law. Again stock markets will react before that date of January 1, 2013 not after. The optimism market players have that congress will stop taxmageddon comes from fantasies of the media and or wishful thinking.

The last 2 years has proven we have a senate that refuses to bring anything that passes the house to be allowed an up or down vote. At last count the republican controlled House of Representatives has passed 39 bills and Harry Reid hasn’t allowed any of them to go to the floor of the Senate for a vote. The house of representatives is functioning just fine passing 39 bills proves that. It is the Senate and or Harry Reid that is completely dysfunctional. The house has also passed 2 bills to fix the Clift or taxmageddon but dirty Harry wont allow a vote on either one. The truth is the democrats are screwing things up they are the dysfunctional party and they want to force America to go off the fiscal Clift. There purpose is to destroy the Republican Party and America with them. Will the democrat’s devious plan work?

If congress does nothing we get the full force of the fiscal Clift the media has been taking about but no one clearly explains exactly what that means to you and the whole country and the whole world will suffer great economic distress from our taxmageddon. I don’t think any of them are smart enough to see what it really means but I will attempt to explain more clearly here.

Here is what taxmageddon or the fiscal Clift means to you and to the whole economy and this number seems to get bigger by the week as more deductions are found that just go away and the higher total of the taxes mount up. The total amount of higher taxes collected from the wealthy and the middle class and the working poor (now 28 million that now pay no taxes at all and probably voted for Obama) is now $ 538 Billion in higher taxes as all tax rates go up 5% higher than they are now and around 20 tax deductions go away. This huge number of $ 538 Billion and based on the CBO estimated results of what $80 billion in higher taxes to only the wealthy was projected to do can be used as a guideline to calculate the economic impact of going off the Clift or taxmageddon.

The CBO has currently stated they cannot do an estimate on taxmageddon deal because they need the legislation to score the cost to the economy but that legislation doesn’t exist yet so we have to use the last CBO estimate as a basis on the budget act of 2011 debt deal that got us in this mess.

The higher tax of taxmageddon of $ 538 Billion on every one that works or has taxable income is 6.7 times the $80 Billion scored by the congressional budget office in 2011. Logically and mathematically the higher taxes would have the same multiple in its negative economic effects of 6.7 times the money that goes missing from the private sector economy into the black hole of government deficits of $1.1 trillion for 2012. So the math is 6.7 times the 700,000 lost jobs or 4,690,000 jobs lost. The negative growth rate of -.5% will be 6.7 times more or -3.35% This is to show the trend that when this much money being taken from the private sector in just simple straight math and it shows it will be catastrophic for the economy and jobs. This will be worse than the 2008 bank collapse because it doesn’t stop this time. No big stock market corrections or crashes are in the CBO estimates, there not allowed to do that.

I can tell you it will be a lot worse than any CBO estimate and there are a number of reasons. Here are just a few: first people will change their spending habits according to affordability after a stock market correction or a market crash. The working population or the tax payers that support the whole economy and socialist system will pull back spending as 50% of the working population are somehow invested in the stock market like in a 401k retirement program and that hurts business even more as everyone feels poorer and spends less. Adding to the devastation caused from the $538 Billion in higher taxes. The stock markets worldwide will adjust to America going into a recession along with all American stock markets as we are all tied together economically whether we like it or not that’s just the way it is. The CBO is not allowed to speculate on how markets will react they have a stricter set of guidelines and that’s why they are way off on most of their estimates long-term. There estimates are good for a few weeks to maybe 6 months, after that as time goes by their longer term estimate are useless.

No matter what the outcome the Republicans will be blamed for it. The election didn’t change anything and we will get 4 more years of congressional gridlock and 4 more years of an Obama’s dictatorship.

Some examples you can reference to see how people react and change their spending habits after any economic catastrophe is the 2008 bank collapse the 1987 stock market crash and the September 11, 2001 attack on the twin towers in New York. People just stopped spending and the economy went directly into a recession and my point is – things will get a lot worse than the -3.35% negative economic decline and will more likely be in the 6% negative GDP range just like after the 2008 bank collapse and the first quarter of 2009 was negative – 6% GDP and we have still not fully recovered from that. On top of that the Federal Reserve can no longer bail anyone out they are out of options but they can take over the banks and federalize them.

The overall dynamics of the economy has changed dramatically since 2008. This decline will be worse than any decline before because of the huge $16.4 trillion total deficits and a much larger portion of that are held within the banking system now in 2012 than in the 2008 bank collapse. A GDP growing at only 2% and Inflation said to be low at 2.2% if you believe that? The economy isn’t really growing at all, it’s the inflation that makes it seem like it is. We are in a much weaker position economically in 2012 than in 2008. 

This is a worldwide problem as all the major economies are doing the same thing. The total world-wide printing by governments has increased $21 trillion in just the last 6 years and most of that new debt is in the banking system.

The middle class with 401k Retirement plans or any money involved in the markets stocks or bonds will likely lose 40% to 60% of their money in those retirement accounts. Just like in 2008 after the banks froze up and this is just to start with, so the working people who support the economy will not be spending at the same rates they are now and all the false optimism will be forced away with a collapse coming in just 10 days when congress goes home for Christmas vacations while the economy through the stock markets just falls apart.

I have followed and been directly involved in every economic catastrophe since Jimmy Carter was president as a business owner and Obama and the democrats’ have set us up for the biggest collapse in world history. (The political economy)

In the last 4 years since the bank collapse of 2008 here is what has changed and will give us a multiple of 3 to 4 times worse than in the last bubble bursting and all created by the Federal Reserve poor economic and monetary policies. The banks have been buying trillions in U.S. treasury debt adding to what they already hold and adding trillions to the problem because the Federal Reserve has been making up phony money with these dollar amounts in trillions and creating a new much larger bubble than we had in 2008. The Federal Reserve has been buying old debt with the Q.E 1-2-3, and the so-called twists and the banks have been investing some of the money into the stock markets and commodities as well and repurchasing new federal debt with the very same money the Federal Reserve has been putting into the banks. (A Ponzi scheme; if you or me did this we would go to jail for a very long time like Burney Madoff)

This pumping of artificial money into markets has artificially inflated stock prices by pumping trillions of dollars into the banks creating money out of thin air with nothing but faith to back it up. Markets will collapse quickly as that faith will evaporate in a steep decline or even worse a panic sell off like in the 1987 crash and like all other crashes will take everyone by surprise. The banks are holding this huge multi trillion-dollar bag of dogey doo in U.S. government debt and banks will be blamed once again for what the politicians did or didn’t do. This is a 1934 cartoon from the New York Times. This has happened before.


The banks and the biggest investment firms which are banks are the biggest players in the artificially propped up stock markets and the bond markets. This is a worldwide condition that every government and economy in the world has been doing the same thing for the last 4 years. This bubble only needs a trigger to set it off and I believe the trigger is taxmageddon that comes in 10 days. This starts on December 14, 2012. The markets will decline and this decline will continue till Friday the 21st of December. The reason it stops there is because the 25th is Christmas day holiday and markets will be closed Saturday December 22nd to Wednesday the 26th of December. After that all the damage will be done and whatever congress and Obama do after that will make no difference, it’s too late to fix anything once the markets correct or collapse.

The economic losses will be similar to a repeat of the 2008 bank collapse only multiplied times 3 to 4 of what happen in 2008. There will be no rescue from the Federal Reserve and no bailouts of the banks as the federal government with the Dodd, Frank banking act allows the government to just take over the whole banking system there are no limits to what the government can do now under Dodd, Frank and that’s what will happen as that’s exactly what the bill is meant to do. Nationalize the banking system and here we go to the government controlling everything. (Communism) So what’s next? They’re going to steal all your money no matter where it is.

How much do you trust the government having control of all your savings and what do you think they will do with it once they have legally taken control of the banks and nationalizing the whole banking system and all the money? What did they do with the social security money? They spent it all, need I say more? If or when this happens think about what you will do if you have savings in the bank and that’s what everyone else will do. The results will be Runs on the banks just like in the great depression and finally just closing the banks as they run out of paper and digits in the computers. Banks only have about 10% of their deposits in cash or liquid assets the rest is loaned out to someone and even loaned to other banks that may go bankrupt and close their doors these loses quickly dominos through the entire banking system no matter who owns them.

The Federal Reserve has no bullets left and the bazooka doesn’t exist anymore.

In 2008 prior to the collapse of the banks the federal deficit total was about $9.6 trillion and its now $16.4 trillion. The interest rate set by the Federal Reserve was 5% in 2008 now its .5 or ½% it can’t get any lower than zero and lowering it 4.5% has done little good for the economy and reducing it, another ½% won’t make any difference after a market crash. We also will have reached the current debt ceiling of $16.4 trillion by the last week of December 2012 or first week of January 2013. Little has been said about this debt ceiling being reached but their parts of a grand deal Obama wants that’s no deal at all and will not come.

If I wanted to destroy America I would have done everything the democrats did since they took control of congress in January 2007 and I would refuse to change anything just as democrats and Obama have done and continue to do. If I wanted to destroy America I wouldn’t change a thing.

We are currently barrowing nearly $100 billion a month for deficit spending and just printing and digitizing most of that up in computers the paper doesn’t even exist, it’s mostly cyber money on a hard drive in computers. If markets do come crashing down in 2 weeks with the debt ceiling increase tied to a tax increase bill that will not come and congress is out on vacation it all comes to a head at the same time. Once things do fall apart it’s too late to fix the damage already done.

This is the perfect storm and America’s judgment day has arrived. If congress does pass something and it’s not economically sound like raising taxes on the wealthiest 2% the exact same thing will happen and markets will react as if congress did nothing at all. We will all pay a price for the people who backed Obama and voted for him. The utopia Democrats all dreamed of and like they have dreamed of in socialist Europe for the last 150 years that utopia never did materialize and will never come for America either. What is coming will be more like the opening of the gates of hell.

The Federal Reserve is a bank. It is not a branch of government and isn’t controlled by congress directly. When this bubble bursts there’s not enough money in the world to fix this crash. The Federal Reserve holds around $4 trillion in its own issued debt and when the crap hits the fan this time the Federal reserve bank will be just as broken as the banking system they artificially propped up for the last 4 years and its all self-inflicted from poor monetary policy’s mostly since 2007. They think they have it under control but if they did we wouldn’t be in this catastrophic position.

I am a realist and do not hope for any better outcome for which there is no evidence of any possible better outcome. Hope is like wishing for something it only works in fairy tales but not so much in the real world. I have watched and participated in the political economy for over 30 years and I know what the politicians will do before they know what they’re going to do.

There are no grand deals to be made and any choices they do make will be bad ones for the economy. The policies of the federal government and the democratic controlled congress have put us in a box we cannot get out of. All of the possible outcomes stink. The poorly contrived political economic policies of the past our going to haunt us and our children through eternity and the bill is coming due now,  in the next few weeks not in 5-10 or 20 years.

We are about to witness the destruction of America through its economy from within our own elected government. This is all absolutely intentional it is not by accident that this is going to happen. Liberal progressive Democrats are just the tool or the useful Idiots for the destruction of America. There is someone else behind all this but this article is not about that.

The visible and undeniable end of America starts in 10 days. Obama is not trying to fix our fiscal Issues and Problems; His s trying to destroy the Republicans and to do that Obama’s going to destroy the economy and the country with it.

Congress goes from one screw up to the next screw up and the reason for this is the compromise of capitalism in trade offs for a larger more expensive government and more socialism and wealth redistribution. This will only end when we collapse under the weight of too much socialism, the government will go away with it and that’s weeks away not years. The deal Obama and the democrat controlled senate offers are going to collapse the economy. Keeping taxes the same for everyone will just put off the date as it will come up again.

The bottom line on taxmageddon or the so-called cliff is no matter what happens Americans gets screwed.

 If we get exactly all that Obama’s asking for we go off the cliff and into a deep recession. The congressional budget office has stated this and I agree.

 If congress does nothing at all we go of the bigger cliff. So no matter what: deal or no deal we go off the cliff. That’s the deal, we go off the cliff.

 The only alternative is keeping all tax rates at their current levels for everyone and Obama said that’s not acceptable. So we go off the cliff.

 The republicans are already being blamed for this but they haven’t been in control of congress since 2006 and they still are not in control but the lying media says republicans are to blame.

  Lou Dobbs agrees with me 


Paul Ryan: That leads us to conclude Obama’s trying to get us to our fiscal cliff,” Ryan said. “He doesn’t want to come to the middle.”



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Mr. Romney the charge needs to be made that the massive deficit spending of the democrats in 2008 collapsed the banking system and the evidence is in the Federal Reserve’s yearly and monthly budget records. This is what the Europeans mean when they blame America for collapsing the banking system in 2008 and the media never explains how or what Europeans mean by the accusation we collapsed or caused the world banking system to fail.


Barack Obama was a part of this massive deficit as a congressman in 2007 and 2008 as he is president now and has been for 3 years and 9 months. Why didn’t he fix it when he had total control by a supper majority in congress 2009 to 2010? He has no intention of fixing anything only destroying everything.


Here is what these federal budget documents show for 2008. $454.8 billion on deficit spending for Fiscal Year 2008 on budget deficits and an off budget deficit of $ 581.8 billion this gives us the total of $1.035 trillion for the democrats 2008 deficit.


First democrat budget 2008 Gross Public Debt $ 9,986.1 trillion



Last republican budget 2007 Gross Public Debt $ 8,950.8 trillion



The total democrat’s first year on and off budget 2008 deficit $1.035 trillion


The importance of why this matters is the dates because 70% of the $1.035 trillion in deficits happened just 5 months before the bank collapse not after.


Again this was done before the bank collapse not after and I believe it caused the world’s banks collapse of 2008 and not a result of it as the lame stream liberal news media and the democrat party has lied to the American people. If I wanted to destroy the American economy I would have done exactly what the democrats did do in their first budget as soon as they got control of congress in January of 2007.


Evidence and government reports are below as evidence to what I just said.


Democrats took control of congress in January 2007


Democrat’s first budget was from October 1, 2007 to September 30th 2008


Democrats first on budget deficit was $452 Billion on budget


Democrat’s first budget deficit including on and off budget total was $1.035 trillion.


This $1.035 trillion deficit did not include the bank bailout of $ 700 billion signed into law on October 3, 2008. this was after the close of the fiscal budget year ending on September 30, 2008 and would be in addition to the $1.035 trillion deficit. I have and am still hearing from the liberal and some conservative media that the bailout was the reason for the huge deficits but this was a special spending bill separate from the regular budget and was never all spent only about half was used and most has been paid back or will be. This is part of the political game of blame the banks for what the politicians did to give them cover and blame George W. Bush.


The average monthly off budget deficit of $ 581.8 billion combined with on budget deficits is what collapsed the banking system and $48.4 billion average in off budget deficits from May 2008 to September 2008 each month accumulative combined with the $454.8 billion on budget deficit spending is what dried up all available money in the banking system worldwide. Most of this deficit spending for fiscal 2008 or 70% happened in this five month period just before the 2008 bank collapse. This is not a theory it is from the records of monthly spending of Federal Reserve and CBO documents and hiding in plain sight.


Prior to the collapse the federal deficits were financed by banks and or governments of foreign countries. We didn’t start just printing money until after the banks collapsed in September 2008. The average on and off federal budget deficit in those 5 months before the bank collapse in 2008 was $140 billion a month and here we are it is September 2012 and the monthly on and off deficits have consistently averaged around $120 – $130 billion every month since May of 2008. All this happened after the Democrats got control of congress January 2007. None of this was done by the republicans and all of it was done by the liberal, progressive, socialist, democrats.


I would also like to remind readers of this – the entire prior year 2007 republican deficit was $161 billion for 1 year or $13.4 billion a month and all of a sudden it’s $161 billion every 40 days. This acted as a shock to the worlds banking systems and caused the world-wide banking system to collapse. If it was just our mortgage problems why did the whole worlds banking system fail? American private banks like Lehman Brothers failure by them self’s cannot dry up the world’s money supply but the Federal Reserve can and they did to finance the deficits from the democrats out of control spending. If it was just 1 bank that failed that wouldn’t cause the world-wide banking system to collapse either. It would take a world bank to collapse the system and that’s what the Federal Reserve is a world bank.


Here is the 5 monthly on budget deficits just before the 2008 bank collapse. This is just on budget deficits and not the off budgets that’s additional to these 5 months.


May 2008 Deficit -166 billion

June 2008 Deficit -33 billion

July 2008 Deficit -102 billion

August 2008 Deficit -112 billion

September 2008 Deficit -45 billion (the month of the world-wide bank collapse)


The total federal deficit for the period from May of 2008 to September 2008 was $ 458 billion. This is more than the entire on budget federal deficit for all of 2008 of $ 452 billion which means that up to that point we were on budget deficit nearly balanced and except for off budget spending we were up to that point of April 2008 and then an avalanche of all time record amounts of on budget and off budget combined federal deficit spending never before seen in history dried up all liquidity in the world banking system and left it broken to this day.


This is the on budget deficit for the 5 months prior to the 2008 bank collapse or $ 458 billion in just 5 months. Adding the average off budget deficits of $48.4 billion each month for those five months totals another $242 billion and the on and off budget the total is $ $700 billion. The close of the 2008 budget was September 30, 2008 and the bailout of TARP $700 billion was after the close of the 2008 budget year. Don’t let the media or anyone lie to you that the deficit was caused by the crash of the banking system as the banking system collapse was the direct result of the $1.035 trillion deficit spending of the democratic majority control of the senate and the House of Representatives. The democrats didn’t inherit this mess they caused it and the calendar and government records proves they caused it.


This is also the exact dollar amount of the 2008 bank bailout of TARP $700 billion and now we know the truth of how they came up with that number. Take notice this $1.035 trillion dollar 2008 budget deficit does not include the bank bailout of $700 billion that was special legislation and separate from the regular federal budgets in 2008 and in 2009. TARP was never part of the regular budget deficits it was special legislation and the banks have paid almost all of it back as of 2010. The reason the banks don’t complain is there in bed with the politicians and are happy to collapse the system and steal everyone’s money.


The Federal Reserve had to put back into the worlds banking system the money they took out of the world banking system prior to the bank collapse and that was caused from massive federal deficits of the liberal progressive democrats from May of 2008 to September 2008 and this budget was voted on according to constitutional law by April 2007 and this was 19 months before the collapse of the system. This was calculated and not an accident how can anyone spend $1 trillion by accident?


TARP dates and explanation of the bailouts.



The total democrat’s first year on and off budget deficit ending September 2008 the very same month the world banking system collapsed was $1.035 trillion. I repeat this happened before and not after the bank collapse of September 2008 and then the democrats blamed republicans and the banks for what the Democratic Party intentionally did by April 2007. If I wanted to destroy America this is how I would do it.




For those who blame Bush I say this, there has not been a federal budget produced by a president since President Eisenhower that was paid any attention by congress. As anyone who would say its Bushes fault I recommend you go back to school study some history and read the constitution as it clearly states the federal budget originates in the House of Representatives not the president’s office. The president does produce a recommended guideline for what he would like in the budget but it’s always ignored by congress. To suggest otherwise is just false information and you would be lying about the facts. Congress spends the money not the president. Read the constitution that’s what it says.


Take special note of the facts and the dates of this 2008 budget that was passed by April 15, 2007 or 1 year and 6 months prior to the collapse of the worlds banking system. Also the democrats did this just 4 months after taking majority control of both houses of congress in January of 2007. The normal deadline for congress to pass a budget is April 15th of each year and the budget year starts October 1 and ends September 30th if it was not intentional then what the hell was it!


Why hasn’t anyone in the Republican Party after 4 additional years of these intentional trillion dollars a year deficits pointed out that the Democratic Party is and has been intentionally trying to destroy America’s economy through the process of the federal budgets and deficit spending and also again using the private banking system to do it? This is being done so they can blame banks and Wall Street to give cover to the politicians.


The charge that all republicans running for congress and for the president’s office should make is this.


The democrats are trying to destroy the country economically from within the government with the massive trillion-dollar federal deficit spending year after year.


You have a clear choice do you want to destroy America from within or do you want America to prosper?


Also if the democrats are successful in their destruction of the current economic and political system the government all of its socialism goes with it the same day the existing system collapses. So the 47% on the dole will lose all government support if the system collapses. Not a scare tactic just a fact. Also the other 53% not on the dole will lose everything they have as well if the system collapses. It doesn’t matter where you put your money the collapse of the system will make you penniless if you can’t get your money out of the banks.


If Romney’s 47% statement wasn’t correct then why does Obama consistently pole at a 47% average? Common sense and statistics proves what Romney said was true. But the media twisted it into something he didn’t say and this is what they always do from 35 years of observation of the lame stream media. The whole Democratic Party is based on lies and if you look at their constituents is it any wonder why?


What the Democratic Party is doing is seditious treason by the legal description and or definition, but that part may or may not be included and left up to the person who makes that charge of treason. As the liberal progressives may try to dismiss the evidence above as a conspiracy theory and do what they do and turn the truth or facts into a fiction with the use of the word conspiracy to discredit facts.


The idea is to make a really big stink about all this intentional destruction of the wealth of America and let the American people decide what to do with the truth.


Force the liberals and the media to demand apologies and then tell all concerned I will not apologize for exposing democrats for what they have done and telling the truth about their treasonous plans to destroy America from within. (A further intentional insult) This is what Allen West does and god blesses Alan West for telling the truth. He is the bravest man I have ever come into contact with and he knows what’s going on in America and he has identified the enemy from within, the Democratic Party and the progressive communist caucus.


Alan West calls progressive caucus a bunch of communists. He has had the same education that I have about political economic systems and you won’t learn this in college you have to seek the truth on your own.




Go have a look for yourself at the communist party USA website and compare that to the democrat’s website and then have a look at the progressive caucus and then the unions and anyone else in the Democratic Party they all look like or have the same stance as the communist party USA website. Well of course they do they are all communist just like Alan west tells us they are and McCarthy was right too.




Grab the democrats by the nose and kick them in the ass. (Romney Did) If you want to piss off a liberal tell them the truth. If you want to piss of a conservative tell them a lie. This tells it all about the liberal and progressive character.


Always attack and force the liberals to defend. Every answer or any rebuttal should be in the form of additional attacks using the truth which always turns liberal or progressives into raving maniacs and never defend or apologize always attack. In war and politics defending a position is an admission of defeat and weakness’. (General George Patton tactics)


We also have to grab the American people by the nose and lead them to the truth.


This is what happens when the democrats are in charge. This is the monthly employment report that shows charts of what happened to the unemployment rate as soon as the deficit spending of the new 2007 democrat majority got control and started to deficit spend like the crazy people they are.




See the charts on page 1 just under the headline. This is before the banks collapsed not after. This shows how the employment went from 4.5% while the republicans controlled congress in 2006 and how it rapidly changes after January 2007 when democrats took majority control of congress and unemployment skyrocketed up to 6.5% prior to the bank collapse not after and eventually went over 10% unemployment.




The more congress spent the worse the job situation got. See the charts just under the headline number. This also proves that government spending and deficit spending does the opposite of what liberal progressive democrats tell you. The more the democrat’s deficits spent the worse unemployment and the economy got.


The stimulus of $800 billion in 2009 did very little for permanent job creation and thus destroying the myth of government creating jobs by borrowing and spending money they don’t have. The government has borrowed or printed $7.4 trillion in just the last 5 years and the economy still stinks. As the government barrows the money it’s not in the banks anymore for the private sector to buy houses or for business to barrow for expansion and job creation.


I will do another page very soon showing all the specifics and naming the major players and legislation that caused the 2008 bank catastrophe and all of it comes from the Democratic Party’s legislation.


If you wish to contact me please leave a message. I will see it before it is posted.


If you are a liberal, progressive democrat don’t waste your time or mine trying to post here. I have been in the political economy for 46 years, not reading about it but living in it as a business owner and employer and your B. S. is just that to me and your lies don’t belong here.

James Garrett


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For the real state of the American economy there are only 3 items to look at GDP, Inflation and Unemployment. Looking at these 3 major reports within the government documents you can find out why there is no recovery and no jobs. (And why there never will be a recovery)

GDP – minus Inflation = Unemployment and jobs or no jobs

The GDP headline numbers are not inflation adjusted numbers. Once you match up the GDP and the inflation you quickly find out why there isn’t any job creation.

The latest report on GDP growth was 2.5% for the third quarter of 2011. The latest report on CPI inflation was 3.9%. This adds up to the inflation adjusted growth of GDP is negative 1.4% – not positive. The Producer Price Index rose 0.8 percent in September and that in one month x 12 = 9.6% base on a whole year.

This is also using the seasonally adjusted headline inflation number and not the unadjusted true inflation number. That last unadjusted inflation number up to September 2011 is 10.5% and it’s on page 3 of the inflation report (see URL below) put out by the department of labor and statistics which shows a graph where it says unadjusted inflation rate. If we consider that number 10.5% and deduct it from the growth rate of 2.5% the economy is shrinking or negative – 8.1%

BLS report dated release Tuesday, October 18, 2011 See Chart 4 on page four 12-month percent changes in the Producer Price Index for intermediate goods, not seasonally adjusted: September 2010 – September 2011


Something you may find very interesting in this chart may be that inflation has doubled in the last 6 months and has been as high as 11.6% and this number is more in line with what the American people have experienced as no one believes the inflation rate is only 2% to 3% for the whole year.

This is what happens when governments flood the system with trillions of dollars in unearned paper money or digitized money and its called inflation

Here is why there are no jobs.

Barack Obama and the Liberal progressive Democratic Party make claims that 2.5 million jobs have been created since BO took office. That is just not true and there is no evidence of any job creation in the monthly reports since BO took office and the $867 Billion stimulus bill has been passed. Debbie Wassermann Schultz says 3.6 million jobs created (Which Is It?) But there’s no proof of their statements in the employment reports either. The fact is we had 142 million jobs in February 2009 and we just got back to 140 million jobs in the last report and only because of a change made in who and what they count as a job and I will explain why there has been zero job creation in the last 12 months.

In January of 2011 the department of labor and statistics started counting self-employed incorporated and unincorporated as employed. This immediately made the total number of jobs on page 4 line 4 of the January monthly report release date February 3, 2011 in the total number of jobs column jumped by 700,000 jobs from the December 2010 to the January 2011 report and this did not show up in the January headline numbers but it did show up in the headline numbers in February, March, April and May 2011 headline numbers.

In Those 4 employment reports did total nearly 700,000 just like the page 4 numbers jumped in January 2011 report. Now you know why those 4 months looked like we were coming out of recession and then the following 4 months June – September 2011 looked like crap. They are fixing the headline numbers to make things look better than they are by counting self-employed people as employees.

This report shows the change made by department of labor and statistics started adding self-employed to that jobs number in January of 2011 see January report release Feb. 3, 2011 top of page 4 


 The economy only grew at .4 % in the first quarter and only 1.3% in the second quarter and there telling the American people 700,000 jobs were created in the very same period! At the same time the inflation rate is several times higher than the growth rate.

In the last 4 months the total number of jobs added comes to 100,000 jobs for an average of 25,000 jobs a month. Our economy needs to be adding at least 250,000 jobs a month. If you can believe the bogus government numbers or if the economy is creating any jobs at all we are at 1/10th of what we need. Since they are now counting self-employed as employed anyone starting an eBay business and really is an unemployed person is counted as employed and only 1 in 1000 of these people ever make any profits.

(The last employment report claimed 105,000 jobs but that included 45,000 Verizon workers that came off strike so the real jobs number is 60,000 for September not the 105,000 headline number)

Another way to look at the employment situation for the period of the past 4 months and how bad it really is we needed 1 million jobs and we only got 100,000 jobs and that means we are 900,000 jobs short of the target in just the last 4 months. Any way we look at the numbers there real bad.

We have been in a jobs recession for the last 47 months. Just the number of people entering the work force at 125,000 a month is 5,875,000 million jobs needed. Every month that goes by we are falling further behind and the numbers get bigger.

This is the liberal progressive democrat’s economy as they had control of congress since January 2007 and 21 months before the banks collapsed in September of 2008.

The real unemployment problem and the true unemployment rate are done by using information in the monthly reports. I didn’t make this up it’s all in the monthly employment reports no one seems to be able to read any further then the headline statement.

There are 14 million unemployed with a 9.2% unemployment rate.

Adding 8 million that have given up looking for work and are no longer counted there are 22 million unemployed not counted because the government says they have given up looking. Just adding this brings the unemployment rate to 16%

This 8 million did not really give up looking they have just run out there 99 weeks of unemployment. We have been in a jobs recession for 47 months now or 188 weeks. If you have been paying attention since the very beginning of this self created mess we lost 8 million jobs from the outset prior to and just after the bank collapse in 2008. Do you see the numbers matching up, they are identical. Almost 4 years have passed and you can only receive unemployment for 99 weeks and that’s 1 year 10 months and 3 weeks.

Adding another 9 million part time employed to that 22 million there are 31 million total unemployed and partially employed and that’s a 23% unemployment rate almost the same as the height of the 1930s great depression said to be 25%.

This is all found in the monthly reports and no one in the media right or left seems to notice the total of the three categories of unemployed, the unemployed that have given up and the partially employed and I will repeat that total is 31 million people.

The reason for no jobs comes from the top part of this article and the economy is shrinking. The reason it’s not being reported is, it’s all politics. How bad would it look for BO and the liberal, progressive democrat party if every time they talked about jobs and reporting the real number of unemployed being 31 million people or a 23% unemployment rate. That would be real bad for BO and that dumb ass believes his own bull shit.

Using the GDP and subtracting or adjusting for inflation no matter which number we use 3.9% or the unadjusted inflation rate of 10.5% inflation in the currency explains why the economy isn’t creating any jobs. These truths must be told and the public needs to prepare, this house of cards could fall down at any moment.

As retail numbers and other economic reports come out at small increases of 2/10 % to 4/10 % if you just match them up with the monthly inflation numbers you will see they match almost perfectly and often lower than the inflation rates. We are not buying more products we are just paying a lot more for the same thing. That’s what inflation is! a loss of buying power in the paper currency.

The reason the economy grew at a faster rate in the third quarter at 2.5% is all the inflation in the dollar which is also accelerating but at a much faster pace. Look at that chart again at the unadjusted inflation of rate 10.5%. Just happens to be increasing with the so-called growth rate of the economy. For the proof Just click on the links they should open in a new page PDF File and look at table A-1 page 4 lines 4 were it says total number of jobs



(The economic recovery bill was January 2009)

September 2011- 140,025,000 jobs

Its 33 months since BO took office and the $867 Billion stimulus plan passed January 2009 and there are 2,074,000 less total jobs in the economy now according to department of labor and statistics. We already had a second jobs stimulus of $50 Billion that didn’t work either and now BO wants to try a failed policy for a third time! That’s insanity! The bottom line is this policy has been tried dozens of times since the creation of the Federal Reserve and in Europe and it never worked one time.

If we look back to the month the stimulus bill was passed the situation is a whole lot worse.

Total number jobs January 2009 = 142,099,000 the month stimulus bill was passed


Total number jobs last report September 2011 = 140,025,000 jobs

Total number jobs lost since BO took office 2,074,000 that’s 2 million jobs lost since the stimulus there have been no job gains. There counting backwards on purpose using the negative as a positive to deceive the American people but that only works on democrats now. The explanation of how BLS get their crazy head line number is in the reports and it’s all plus or minus of all kinds of moving targets.

 For the proof Just click on the links you should open in a new page a PDF File from the department of labor and satistics and look at table A-1 page 4 lines 4 were it says total number of jobs

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 A series of events are about to take place in America

There is a building momentum of events about to take place and unfold into history. These events will dramatically change everything in the next seven weeks. It is not one thing that will cause this change is a combination of many things. These are ongoing problems and have building one upon the other over time.

I would like to point out these current economic affairs and identify them for the people. If the people are going to prepare for this the time is now. I believe in just the next seven weeks by July 8th 2011 the true nature of the economy will show itself and there will be a dramatic shift in the economy, the government won’t be able to hide their distortions anymore. All this will build into additional events that will prove we are in the double dip recession. (I believe it started in November and December of 2010)

The only place the economy that really shows strength is in the employment reports. There is a reason for these higher numbers. In the January employment situation report that came out on February 3, 2011 stated on page 4 that as of January 2011 they would count self-employed people Incorporated and unincorporated as employees. That number added to the current employed number is about 1 million additional self-employed people or employers now counted as employed people. Now you know where the huge numbers are coming from as all the other economic indicators contradicts the possibility of 200,000 jobs a month being created.

The first quarter GDP was 1.8 % and in 2 of those months they reported job numbers around 200,000 and that’s just not possible with a 1.8% growth rate.

All of this dollar growth in spending was from higher gas, food prices and other inflation in the economy or just plain higher prices.

Problem number one; these falsely bloated employment numbers will show the true nature of the economy when they run out of self-employed people to add to the employed number. That will come out in the July 8 report 2011 and then we will know the true nature of the employment situation.

I believe these unemployment figures will be the trigger for a sudden downturn of both physical and psychological sentiment in all sectors of the economy. This is just one of many other items in our economy building one upon the other.

Problem number two: The budget deficit that has been one of the primary causes of the current devaluation of the dollar and this is a large part of what has caused the higher gasoline prices and this will get worse in the next three months.

The debt ceiling is currently being negotiated with budget cuts in Congress.

 There will be no meaningful budget cuts that will truly reduce the deficit short-term or long-term.

 Long-term budget cuts mean zero if we don’t cut short-term spending because we have to make it to the long-term for those long-term cuts to make any difference. Anyone talking about or projecting that in 5 or 10 years will be broke is ignoring the fact that we went broke a long time ago.

The Democrats still control the Senate and the presidency. We have already seen their resistance to meaningful cuts and nothing good will come from the negotiations in the next two months. The debt ceiling will be raised but as the world gets a look at the so-called cuts in spending for the lack of meaningful budget cuts all confidence in our ability to fix the problem will go away. When confidence goes away so will the value of the debt bonds and the value of the dollar.

Problem number three. $4.00 dollar a gallon gasoline takes $440 billion out of economy when compared to $2.50 a gallon price of just 8 months ago. No one has reported this in total dollar amounts. Only vague statements that it hurts the economy, well how bad does it hurt? At the $2.50 a gallon crude oil refined is about 4.8% of the economy. At four dollars a gallon for gasoline its 7.8% of the economy this is a 3% shift in spending from all other sectors of the economy.

Problem number four; healthcare insurance from new regulations of the Democrats and Obama’s health care legislation has been costing the American people a minimum of $250 billion more a year in additional premiums this started in the last quarter of 2010. This has not been reported in total dollar amounts either, just vague statements of higher premiums and no total dollar amount figured an attached and subtracted from GDP. I calculated this is about 1.7% of gross domestic product on a yearly basis. This is equivalent of an additional dollar per gallon of gasoline being imposed on the American people. It has the same effect on the economy as gasoline neither one adds anything to the quality of life nor to our assets the money just disappears into thin air.

Adding up these two problems alone its negative 4.7% of GDP and much greater than the 3.5% GDP growth expected in the second quarter and all of 2011 and much more than the 1.8% GDP reported in the first quarter of 2011. These gross domestic product numbers are not inflation-adjusted when reported to public. If you inflation-adjusted the 4.7% negative to the economy for gasoline and healthcare costs we have a 2.9% negative inflation-adjusted gross domestic product and this makes it impossible for the economy to be creating 200,000 jobs a month which is explained by the government adding the self-employed business owners to the number of employed. The employment numbers are in fact phony numbers and the people who are reading or listening to this now know why.

 Adding it all up and attaching dates to it.

 Problem number one: unemployment reports are bogus and the true nature of the employment situation will show its true nature in the report of July 8 at 2011.

 Problem number two: the budget deficit and the debt ceiling will not be resolved. This problem will come up in July with no specific date but we do have a default date of August 2, 2011. They will raise the debt ceiling before this August 2, 2011 date.

  Problem number three: The second quarter GDP from March to June of 2011 comes out on July 28, 2011 this number will either be negative or very low number. Remember earlier we figured due to higher gasoline prices and the cost of health care we have a -4.7% shift in spending in just those two sectors and this does not count higher food prices or other prices that have gone up because the higher gasoline prices.

 Problem number four: Even higher gas prices than were paying right now. This will be caused from a further devaluation of the dollar and the inability of Congress to bring deficit spending under control. The full results of this will probably be felt in August and September of 2011.

 Problem number five; even higher health insurance premiums that will continue to increase as time goes on. All this comes from the Democrats and president Obama’s healthcare insurance as different additional requirements kick in overtime forcing up insurance premiums higher to the public.

This is all ongoing right now and building one upon the other as each week passes. Working against the American economy and the American people this is all being done by the Democratic Party who still controls two of three parts of the legislative government. If I was a person that wanted to destroy the United States from within, I would do exactly what the Democrats have done in their four years of controlling Congress from January 2007 to 2011 and they continue their intentional destruction of the economy and the country by refusing to cut any Government deficit spending.

Government reports are always way behind reality of things; it takes two business cycles of 60 days each or 120 days for the true nature of the economy to show up in government reports. Even when the government doctors up the numbers sooner or later the true state of the economy shows up.

Everything I have looked at tells me that from after the July 4 holiday we will have a dramatic change in all things in the economy. It is all attached to our $1.5 trillion yearly deficit and the apparent lack of ability to do anything about future deficits and it’s all because of our politics. This will cause a change in the value of the dollar like we fell off a Clift. This will lead to dramatically higher inflation or a severe devaluation of our currency which will cause all prices to dramatically increase not just the cost of gasoline. This will come mostly in the fourth quarter October 2011 to December 2011 and get much worse in 2012.

 Everything points to July and after the July  4th holiday. This is when it all comes together I believe the crap hits the fan and all this will unfold in just seven weeks.

 Next week house of representative are supposed to vote on raising debt ceiling the plan is for it not to pass. May 30th to June 3 2011

 Unemployment report comes out next Friday June 3, 2011. I am neutral on this one as I expect it will still be positive due to adding the self-employed.

 Quantitative easing stops June 30th

 Without QE 3 who will buy the bonds? If you total all the countries in the worlds who have purchased our debt bonds with their printed up phony money it doesn’t even come close to the $130 billion a month the Federal Reserve has been selling to pay for our deficits. That is what Quantitative easing  really is for, its money given to the banks in the guise of adding liquidity to the banking system and they banks turn the digits into the purchase of the debt bonds. China’s average bond purchases since the bank collapse in September 2008 has only been $10 billion a month and all other countries combined is just a little more than that, the rest comes from Quantitative easing or more than $100 billion a month is more or less just money made up out of thin air. So what happens when Quantitative easing ends in June? QE 3 or more money made up out of thin air to finance the federal budget deficits further destroying the value of the dollar.

 Israel – August 22 2011 Iran’s nuclear reactor comes on-line. Will Israel bomb Iran’s nuclear facilities? What happens if they do? Higher gasoline prices!

 July 8 the unemployment report will be bad. What will the markets do? This will show we are going into double dip recession.

  There’s certainly a lot going on right now!

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The proof of the headline can be found in the January 2011 report. See direct link below, read it at top of page 4 of the report.

 Changes to Household Survey Data

Effective with this release, two additional data series—”Self-employed workers, unincorporated” and “Self-employed workers, incorporated”—have been added to table A-9  (This is copy and pasted directly from the report)




They are counting self-employed as employees now. This does show up in the body of the reports month over month you can see it if you look at total employed the number are way off from the headline numbers. Look back at October to January reports Summary table A. Household data, seasonally adjusted and you will see big differences in the headlines and the body of the reports.


How can the economy be creating 600,000 jobs over the last 3 months and first quarter growth comes out (lower than the inflation rate) at 1.8% GDP growth? GDP is not inflation adjusted. The government is fixing the numbers and lying to the public.


Core Inflation rate projected for 2011 is 2.1 % if you take out food and gasoline. So we have to stop eating and buying gas so we can get to work and make money to buy food and eat and only than would inflation be 2.1%. Add in food and gasoline and Inflation is running about 5% on yearly base. So again how is the economy creating 600,000 jobs in the last 3 months? The numbers are fixed as they blend in the self-employed into their respective employed categories. This is not a conspiracy theory read top of page 4 of the  linked report it tells us that’s what there going to do. Almost no one ever reads the body content of these reports.


Commonsense proves that the economy can’t be creating any jobs. In the fourth quarter of 2010 the economy was growing at a rate of 2.7%. The first quarter the economy is said to be growing at 1.8% these numbers point to a slowing economy not a growing economy. The last time the economy added 200,000 jobs a month consecutively and three months in a row was in 2004 to 2006 the average yearly growth rate was between 5% and 6% and the unemployment rate was around 5%. Some quarters in the last economic expansion from 2002 to and up to 2007 the economy is growing at a rate of 7.9%. And even then we were only getting 200,000 and 300,000 jobs a month. There’s something really wrong here and I hope I have properly explained why we are getting these huge so-called job creation gains.


So once again using common sense and since none of the other reported numbers are adding up to what they are telling the public what else could be going on? So the only thing it could be is their adding or blending in the 1 million self-employed people who otherwise under the old rules would not be counted. This is exactly what is in the January report from the department of labor and statistics. They said they were going to do it and they did it, but what they are doing is deceiving the public for political purposes to make things look better than they really are for Barack Hussein Obama.


Here is more proof , Just five months ago in December of 2010 Barack Obama made a speech bragging about the 150,000 jobs created in November and he said we’ve created 1 million jobs now but that’s not good enough we need to do more. So how did we go from 1 million jobs to 2 million jobs they are currently boasting about in just five months and even the bogus headline numbers don’t add up to the current 2 million number the liberal media and B.O. are currently boasting about. And once again where do we get that additional 1 million from? This number comes from People who are already self-employed who are now counted as newly created jobs and employees for the benefit of political gain for Barack Obama. Just another great big lie to add to the long list of big lies told since Barack Obama became president. Lies told by him and lies told by liberal fringe lame stream news media.


So what’s the big deal and what makes it so important? If you make decisions based on bad information you’re going to make big mistakes. The perfect example of this making bad mistakes based upon disinformation is the very fact that we’ve got Barack Obama as president in 2009. Based on bad information the democrats took control of the house and the senate in 2007 and again in the 2008 elections the lame stream liberal news media ran a campaign of disinformation to the public about Barack Obama. We had bad information and we made a bad decision. We the American people gave the democrats a supper majority in the house and the senate in 2009. Now we are ware we are on account of the bad information being  given to the public all coming from liberal fringe lame stream news media disinformation campaigns.


The results of making a decision based on bad information is we now have a president who hates America, he is proven to be the most socialist president the United States has ever had. He is on the record as saying he wants to push an energy prices up sky-high. We can see the evidence of that in the price of gasoline and he says we can’t do anything about it. He has stated many times in his two books that he doesn’t like white people, so we have a racist as president. He is also a Moslem as he states this in his own books he would side with them if the political winds changed and he has. On top of everything else he is a compulsive liar but this is just typical of the liberal progressive Democratic Party.


The bigger problem is when the rest of the world finds out how we are fixing our economic numbers there will be a price to pay in confidence lost in our currency. The only thing that gives a paper or Fiat currency any value is confidence. Once the confidence in that currency is lost it declines in value rapidly against other currencies and this is what is coming very quickly in the next 4 to 5 months once the rest of the world figures out what we’re doing. The bogus 1 million people being added will run out in two more months May and June of 2011. The report for June comes out the first Friday in July. This is the last report that will have positive numbers and all following reports we will see the true state of the economy and the job market. This will show up quickly in the price of gasoline since we import 72% of our crude oil.


For all of 2010 the inflation rate of 1.6% was nearly the same as 2.7% GDP growth. Since the GDP growth number is not inflation adjusted to find it too true state of the economy you have to take away the inflation rate and that means the economy grew at 1.1% for the whole year 2010.


The point is with these very low growth rates and the huge number of jobs being added now and looking at prior six months before these huge numbers appeared out of nowhere there was almost no job growth at all. Even with a higher GDP number of 2.7% in 2010 than we have now at 1.8% in the first quarter of 2011 and somehow were now adding 200,000 jobs a month. This just doesn’t add up!


 It won’t take very long for our trading partners and the people who hold or purchase our treasury bonds to figure out where cooking the books. Once they lose confidence in our economic data they will lose confidence in our debt bonds that we are trying to sell into world markets at the rate of $130 billion a month. Take a look at these charts below and you will see something just doesn’t add up and if you can see it, the rest of the world will too and their goes the confidence and the value of the dollar. These charts show that the economy has made a downward turn and inflation has gone up making matters even worse and for some strange reason the economy has created 200,000 jobs each month three months in a row and now you know why. This all just does not add up unless they are cooking the books and now you know how they are doing it.



U.S. Inflation Raises 2.7% in March Published: 4/15/2011 12:36:15 PM    By: TradingEconomics.com, US Bureau of Labor Statistics


  These charts show inflation is now higher the growth rate of the economy and that in real terms means the inflation adjusted number shows the economy is shrinking not growing. We are just spending a lot more on gas and food and that gives the false appearance the economy is growing but it’s not. To see the True state of the economy: go here http://tiny.cc/658bx


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The News media is leaving so much information unreported it’s pathetic. I’m going to make a list here of everything that is affecting the current state of the economy that no one is identifying not even fox news.

 To find the true state of the economy these listed items need to be identified and figured in. This is necessary Because of the way the government fixes the numbers because they do not want you to know the truth.

 Healthcare insurance premiums have increased dramatically from Obama care. I took the total dollar amount we spend as a country on health care and multiply it by the minimum percentage reported in premium increases of 12%. Using the lowest premium increase I came up with $252 billion a year in higher premium cost to the public. That money disappears just like the gasoline that we put in our automobiles. The true number is much higher as I use the lowest possible percentage to come up with my estimate of premium costs to the American people. This by itself is equivalent to a one dollar a gallon increase in the price of gasoline.

 The only thing the news media talks about in healthcare costs is either how much it costs in government deficit spending on Obama care or how much were going to save in deficit spending. They say nothing about the cost in higher premiums for the American people. These Higher costs and premiums is 1.6% of the gross domestic product or the total amount of money made in our economy this gives us a false picture that the economy is growing faster than it actually is. We are just spending a heck of a lot more than we used to and buying the same product.

 No one has reported a total current cost of crude oil refined products like gasoline and diesel and everything else made from crude oil. When gasoline was $2.50 a gallon we’re spending $760 billion a year on refined crude oil. Now we’re at $4.00 a gallon and spending $1.2 trillion a year on refined crude oil. This is a difference of $440 billion a year that goes up in smoke. This dramatic change has taken place over the last six months and we have gone from 4.8% of GDP spent on refined crude oil products to 7.8% of GDP. This is a -3% shift to the negative that takes away from all other sectors of the economy and no one is reporting this.

 The unemployment situation starting in January 2011 or four months ago, the Department of Labor and statistics made a change in the way they calculate the jobs. The new change the Department of Labor and statistics  is now counting self-employed people as employees. This means they will add approximately 1,000,000 people to the total number of employed. This will dramatically dilute and mask the true state of the job situation. This is precisely why we had two months in a row where unemployment came in at 39,000 and 31,000 which is very weak job growth and the numbers suddenly jump to 180,000 and then 210,000 in the following two months. This is because they added in 1 million people who were self-employed and now are being counted as employees. They have to blend them in over a period of months so that people don’t notice what is really going on. This is no more than just fixing the numbers. In other words they’re just plain lying to the American people. As soon as they run out of self-employed people to blend in will find the true state of the job situation and things will go negative very quickly from there on. I figure around July or August of 2011 the true nature of the job market will show in each monthly report after that we will have hundreds of thousands of jobs being reported lost from higher gasoline and food prices as all that money goes missing from other sectors of the economy.

 The Federal Reserve is borrowing money at a rate of $130 billion a month and $1.5 trillion a year. This money is being digitized or printed and 100% of it is being spent into the streets. The whole world has been flooded with US dollars as the money is being spent to keep up with normal federal government obligations of entitlement programs, two wars we cannot afford and other government expenses. What is being reported that it’s not a problem as long as the money does not get into the hands of the public, but it is! This is only on budget spending and does not include off budget spending. The CBO reports the grand total of on budget and off budget spending for 2011 will be $1.9 trillion. But they’re trying to keep that a secret. The on budget and off budget amount of deficit spending is $158 billion a month that is being borrowed digitized or printed and every penny of it is getting into the streets and it has been accumulating for a total of $5.3 trillion over the last three and half years.

 Since Democrats took control of Congress in January 2007 they have deficit spent $5.3 trillion of which every penny of it has been spent into the streets and all that has been either borrowed printed or digitized. When the Democrats took office and got control of Congress in January 2007 the grand total of the federal deficit was just $9 Trillion even. Now its $14.3 trillion and this is the current debt limit that we will reach in two weeks. Every penny of this money is spent into the streets with each passing month the number gets bigger and bigger. This is what is causing a severe devaluation of the currency and pushing up the price of crude oil as our dollar devalues against all other currencies. On The dollar index the dollar has devalued 17% in just the past ten months and this is the biggest part of  why gasoline has gone up to $4.00 a gallon. The liberal fringe news media is telling you its the greedy oil companies fault but the truth is, it’s all Democrats fault not the oil companies.

 No one is reporting the true reason why the banks collapsed in September of 2008. This biggest lie ever told is the Democrats blaming the mess as being created by the Republican Party but the facts prove a much different picture. In the five months from May to September of 2008. The federal government borrowed $413 billion of on budget deficit spending in just 5 months. This never happened before as the debt had never even come close to this amount in a 5 month period, all just before the banks collapsed in September of 2008. This does not include the off budget deficit and this made it much worse. If you add up the money borrowed from the world banking system in that 5 month period prior to the bank collapse, use both on budget and off budget deficits this brings the total to $683 billion in that five-month period and that’s $136.6 billion average each month.

  Don’t you find it odd that it’s almost exactly the same amount of monthly deficits we have now in 2011 or almost 4 years later? So is this by accident or is it on purpose? Blaming it on Pres. George W. Bush doesn’t work at all if you look at how Congress spends money and the dates that they spent it. The president can’t spend a dime without Congress first consenting to it. To get funding for the wars and our military George Bush was held at gunpoint to sign the spending bills. The deficit spending on the first budget the Democrats are responsible for which was the 2008 budget the total on budget and off budget federal deficit was $978 billion. This is exactly why the banks collapsed in September of 2008. This was 100% the doing of the Democratic Party who controlled Congress by majority votes not the Republican Party. No one is reporting this and all of his hiding in plain sight. Maybe that’s why nobody sees it.

 All the numbers come from: Department of labor and statistics: The U.S. Treasury department: Congressional budget office and its all hiding in plain sight.

 The gross domestic product numbers reported to the public is not an inflation-adjusted number. The recently reported 1.8% growth rate for the first quarter of 2011 by the Federal Reserve does not adjust for the inflation or lost buying power of our dollars. This is also a yearly average not a quarterly average. Although it is reported every three months is based on a yearly growth rate.

 If we just take the most recent inflation numbers also reported by the Federal Reserve and that yearly inflation was 2.1% only if you take out the higher cost gasoline and food. Now we just take that 2.1% and back it out of the 1.8% growth rate and we are negative 3/10%.

 Now if you put gasoline and food back in the monthly inflation for the past two months it has been half a percent each month and since this is reported on monthly basis you have to multiply times 12 and that gives you a yearly 6% inflation rate when you include food and gasoline. So now to inflation-adjusted and find the true state of the economy you have to take that 1.8% growth rate and back out the 6% inflation rate and it gives you a -4.2%. This is the more accurate state of the economy. This is not taking into consideration higher healthcare insurance premiums that continue to rise or the higher cost of gasoline as it continues to go higher every week.

 The bottom line here is the true state of the economy is its real bad.

 The government is lying to us about everything.

 When the Federal Reserve chairman gets on the news with reporters and tells everyone he’s believes in a strong dollar and he has no intention of devaluing the currency or the dollar when all the evidence proves otherwise. It is about the time they intentionally do devalue the currency and this is what they do in every single instance where some countries currency has collapsed. Just ask Ron Paul he will tell you the exact same thing.

 A summary of everything I talk about in a list that negatively affects the economy.

 The Higher insurance premiums from Obama’s socialized health care costing the American people minimum of $250 billion a year.

 Higher cost of gasoline by itself is a full -3. % negative from the gross domestic product reported at 1.8%. This gives us a -1.2% just from higher crude oil refined prices and this does not include food inflation.

 The $5.3 trillion printed up over last four years by the Federal Reserve is severely devaluing the dollar. This is pushing up the cost of gasoline.

 Since Democrats took office in January 2007 they have deficit spent by $5.3 trillion. This is 100% the fault of the Democrats it all happened with Democrats in charge of Congress not the Republicans. This is the big news this no one is reporting it, not even Fox news or talk radio.

 The Democratic Party caused the bank collapse in 2008 not Wall Street or the banks. $683 billion was sucked out of the banking system by the Democratic Party’s government deficit spending in that five-month period just prior to the banks collapsing in September of 2008. To see the evidence of this statement check out this page which I’ve created a table this is the year-to-year spending and who was in charge of Congress at the time. All the information was taken from the government records. I did not make this up, it is the truth.  Is the democratic party Guilty of Seditious treason? http://tiny.cc/anjwq

To show you how much trouble we are in look at this pie chart of how much we are spending and how much we are collecting in taxes. We are so screwed.

 This pie chart does not show all the expenditures for 2010 the total amount was really a lot more than it shows. The tax recites is correct but the total outlays was $3.7 trillion not $3.5 trillion. Again I say we are so screwed.

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