Larry Summers, who is Barack Obama's whatever of finance as he flits about from here to there putting out the economic panic his boss starts, let some things slip in a Financial Times article which are quite disturbing and quite dictatorship in how he says Barack Obama has decided how Americans can live.
The first quote is:
“I don’t think the worst is over ... It’s very likely that more jobs will be lost. It would not be surprising if GDP has not yet reached its low. What does appear to be true is that the sense of panic in the markets and free fall in the economy has subsided and one does not have the sense of a situation as out of control as a few months ago.”
Translation: Americans have not seen this Obama strangulation at it's worst yet. Unemployment is going to hit at least 11% by this December. The economy is going to shrink which means fewer exports, which means greater balance of trade debt, which means less tax dollars to fund Obama spending, which means the entire world economy in China will continue to tank in this epic constriction which is Obama robbing Hu and Hu robbing Obama, the criminals Robin Hood.
The markets and banks have stopped panicking, because Obama has stopped alarming and terrorizing people.
Quote: “I actually think that the right measures for doing the right things about the long-run deficit will also increase confidence, hold down long-term interest rates and capital costs, make mortgages cheaper, make mortgage rates lower and so will contribute directly to recovery. So I don’t buy the notion that there is some conflict between the budget imperative for growth and some other budget imperatives.”
Translation: The Obama European axis plan of looting the economy in transferring US capital to Europe will give the red herring of stability along with the propaganda of the Couric media not alarming the public.
Obama intends fully to keep people's savings earning absolutely nothing in impoverishing them so he can continue his looting and borrowing (capital costs), which in turn will cause people to go into debt more again on mortgages and low interest which is the exact disaster which created this disaster.
Summers is going to help Obama recreate the same debt cycle which imploded, by these massive budgets which are going to implode the US economy to 3rd world status. Summers is ignoring "budget imperatives" as if you spend more than you have one goes bankrupt. He literally is stating Obama is an economic law unto hisself.
Quote: This new American economy, Summers hopes, will be “more export-oriented” and “less consumption-oriented”; “more environmentally oriented” and “less energy-production-oriented”; “more bio- and software- and civil-engineering-oriented and less financial-engineering-oriented”; and, finally, “more middle-class-oriented” and “less oriented to income growth that is disproportionate towards a very small share of the population”. Unlike many other economists, Summers does not believe that lower growth is the inevitable price of this economic paradigm shift.
Translation: Barack Obama is going to literally take the US economy America has had for all of it's existence and is in the process of dictating what his new economy will only allow.
First, Obama is going to mandate that US Citizens will have to produce something he intends to export, as in exporting US made wealth to other nations. Remember now that Summers has stated that US interest rates will be low and that US borrowing will be high. This means the dollar will be very weak, which means America might export things, but the exports will be extremely cheap which is a bad deal for Americans and great deals for the world.
For example, we produce a 30,000 dollar car, but it's real value in foreign currency is 10,000 dollars, so Americans end up loosing that much in the trade. This is Obamanomics.
Second, the "less consumption oriented" means Obama is going to tax you to keep you from being able to buy the things with your own money. This is the globalists trying to preserve resources for themselves.
The facts are that metals do not degrade as they always exist, things that degrade like paper are renewable. The biggest lie in this world is that Americans are consuming too much, when the fact is consumption is what gears this entire planet and consumption makes Americans lives better and makes every one on this planet more wealthy.
The more environmentally friendly means Obama dictates how much energy you use to live, in heating your home, travelling to a doctor, and just going on a trip if their heart's desire is to travel somewhere.
Americans will be taxed or criminalized by ecological policing.
Third, the "less energy production oriented" means the destruction of the oil industry in America with other nations taking that resource. This means these inferior Obama cars, this means no plastics for food safety as they are part of the crude oil chain, and Americans going back to 1900's type existence in less freedom.
This is followed by the fourth Obama mandate, “more bio- and software- and civil-engineering-oriented and less financial-engineering-oriented”, which means Barack Obama is going to dictate the careers people choose which are basically community organizer jobs manipulating people and rewarding the benefactors who donated money to him.
Notice Summers admits exactly what this blog exclusively stated that Obama was part of a scheme to destroy Anglo American finance which runs the world effectively and replace it with Rothschild old axis order domination by central Europe.
Summers literally states Obama is destroying the next generation of bankers and traders who create vast amounts of wealth for Americans keeping our domination and Obama is replacing them with frankenfood, Bill Gates computer game programmers and people who are gophers building roads.
So you get this point Obamaniacs, Obama's American economy is going to have you picking veggies like Mexicans for export to pay China, have 100 million computer game programmers when 50 are too many and he is going to have road construction crews rebuilding bridges every year just to keep people doing something as America has all the roads and infrastructure we need with enough engineers now to maintain what we need.
This absolute insanity, because America must be producing energy, producing space engineers to take the next step into acquiring wealth from outer space and producing an even larger middle class fixed with literal trillionaires who create wealth so more and more nations from Africa to Asia can work for the American dream.
Obama is handing people hoes, telling them to be unemployed video game programmers and to dig like gophers all at the shackles of an enslaved public.
What Summers is literally revealing is Obama is going to destroy people like Bank of America who are in competition with the Rothschilds and Rockefellers, so it will just be those cartel bosses ruling all through vassal Obama.
This is all quite sinister and quite criminal. Summers in his social engineering of America to become a pauper class which is what his middle class really is under Obamanomics as there is no way in this model to create wealth to rebuild the middle class.
None of this was a secret as Obama was speaking of ruining Wall Street Independence and replacing it. We now know through Summers the plan to turn Americans into gophers with hoes, on a Chinese leash.
Enjoy your tethers Obama voters as you voted for this and have no way out of it, because every one of your Congressional minions signed off on this in selling your soul to Axelrod Inc.
Summers and Obama quotes, all real and all undeniable.
Oh happy days..........
agtG 288
Obama slaves
