With Barack Hussein Obama now warning, because of massive debt spending that if it is not checked, that America will face a double dip recession, is it not time for Americans to actually examine the question of:Does not two Barack Obama double dip recessions actually equally one Barack Obama depression?
This is a legitimate examination of the facts in ascertaining exactly what the American people face in massive debt, massive unemployment and massive increased spending by Barack Obama.
It is a fact of economic record that America was under attack, twice from European sources under George W. Bush in the banking and housing market crashes were generated out of central European finance in French markets.
This spread to the outside world in first smashing the axis laboratory experiment in debt buying in Icelandic finance, spread to British debt finance and finally infected American finance, which was utilizing the crisis to sop up the 1 trillion dollars George W. Bush originally created to bail out the world from global depression after the 9 11 attacks, when Mr. Bush inherited the 2000 Clinton recession brought on by Clinton retroactive taxes.
By January 2009 the factual economic data reported that President Bush with Sec. Paulsen had for 350 billion dollars stabilized the US markets and there was reported an actual expansion beginning in January.
This though was all strangled by Barack Obama to utilize the continuing crisis in a criminal manner of transferring over 12 trillion dollars to European banking, selling the US auto industry in order to subjugate the United States to European axis rule and set the stage for Mr. Obama's Marxist policies to engulf America and thereby keep him in perpetual 3rd world power as a president for life.
In understanding the financial rapine by Obama and his nation rapists, one then can examine how a settled crisis in January 2009, has now had no recovery in the least, but has a predicted double plunge recession on the way in 2010.
Housing starts have fallen, but Mr. Obama in the same type of Obama / Barney Frank rapine have funnelled even more money into the toxic housing industry of JP Morgan in order to create an artificial bubble once again which caused the entire problem in the first place, including house flipping in second homes are being financed by Mr. Obama again.
The auto industry is in a shambles with foreign imports leading the markets.
Obama inflation is creeping up substantially as his spending has reduced the value of the dollar to such an extent that oil is now approaching economic destructive values again, while at the high value level stabilizes Russian and Islamic enemies in high oil prices.
All things will then follow, including food prices to the American consumer again.
Unemployment is reported at over 10%, but in reality, unemployment is around 23%, because the government fudges data just like it does on off budget items, like Nancy Pelosi's and Harry Reid death rationing bill for Mr. Obama is reported at around 1 trillion dollars, but in reality accounting the numbers are around 2.3 trillion dollars of massive new debt.
The debt of America is growing, and in fact, most of the toxic debt which Americans had thought was taken care of in their trillion dollar bailout is still being held. It now though has been brought onto government accounting books in federal insurance programs.
The net result is a reported 10 trillion dollars in debt for America, which is in reality around 63 trillion dollars. Mr. Obama's trillions of dollars in finance bailout is in reality when the debt insurance on these toxic debts are factored in are valued at 100 trillion dollars Americans are on the hook for.
Coupled with America being forced to absorb toxic Chinese banking debt and with absolutely no industry, oil drilling or ability to balance the world trade America is in, the United States has absolutely no remedy of paying off debt.
The Dollar is deliberately being allowed by Mr. Obama to lose value, as he tries to sell American goods which America is not producing. The end result is gold is skyrocketing and the only reason gold prices fell was the Obama globalists had reached the tipping point in a mass panic of buying gold which would have destroyed the Dollar immediately which is not their intent.
In production levels, the only commodity America is producing is cereal grains, but with a cheap dollar and Mr. Obama deliberately suppressing agricultural prices to make rural America "eat" his inflationary balance, foreign markets buying US food products are not assisting in the least the Obama balance of debt.
Added to this America is yearly spending over 600 billion Dollars in oil imports, which means that money is flowing of America and not returning, but ending up in European axis banking, the dynamics are in place for an answer to the Obama depression question.
So with 1/4 of the US population literally not employed. Industry producing nothing. Inflation about to drive up in 2010 with Mr. Obama warning of a double dip recession, the finance industry holding massive amounts of toxic debt for which the American Citizen is now responsible for, no balance of trade and an approaching 70 trillion Dollar national debt with massive spending programs in Obama's Afnamistan wars, stimulus spending lining his cronies pockets and a coming over 2 trillion Dollar death panel increased spending, when does an Obama double dip recession become an Obama Great Depression?
The answer is now.
The more pressing question is though when Barack Hussein Obama speaks of the need to curb massive debt, as this blog exclusively pointed out, he is not speaking about cutting his spending, but instead of increasing taxes on an even more massive scale.
Mr. Obama has decreed that high wage earners will be not earning high wages. Nancy Pelosi is about to with Mr. Obama allow to expire the tax breaks for American families in the fifty thousand dollars a year combined income range.
Americans were working until June to simply pay all of the taxes in which government was stealing from their wages for socialist programs, but with the inclusion now of Mr. Obama co opting 48% of the American economy in his death rationing schemes, Americans will simply be getting up every day until November of each year to pay the government fines being imposed upon them.
The pressing question is, when does the implosion of the entire American economy occur to such Weimar Republic levels that Mr. Obama can declare a state of emergency to remain in office for life?
Americans for all their lazy and whining natures, are not designed for Obama Marxism. They will absorb heavy debt burdens, but when it comes to the point of their working for world slave wages and only working for Obama's Marxism, the producers will stop working and those Obamalings sucking the nation dry will have no more welfare.
That is the coming destruction of America, as Obama has placed America into his abyss as this blog has warned. I did not say it lightly when I noted that Sarah Palin in 2012 might not have an America to be elected to to govern.
It has been pure Bearick Insane Obama criminal nuttery in his spending not just what America could deflate itself out of, but Mr. Obama deliberately spent the borrowing structure of debt.
To put it bluntly, Mr. Obama in 2009 mirrored exactly the derivative scam he helped set up in Congress on an international scale to implode US finance. He in 2009, though did not leave the US finance holding the bag, but on a greater scale placed this debt on every single American in the same derivative scheme of transferring toxic debt while his cronies walked away with American savings.
This is the Obama Great Depression which he deliberately implemented. This can not get any better as has been warned as massive unemployment will continue, now followed by a depleted Dollar, no exports, no manufacturing and a massive inflationary scale off the charts.
Barack Obama has skinned America alive, scraped her to bone, crushed the bones and ground them up, so there is not even a borrowed debt structure to resurrect America. It is all gone.
This is no double dip recession. This is an engineered Obama Great Depression in a deliberate 9 11 economic attack on America by finance as this blog has exclusively warned of. This is economic warfare with Mr. Obama setting hisself up as the 3rd world spoils master of America.
None of this is information is meant to alarm nor infuriate Americans in the deliberate destruction of Anglo American finance, so America will be replaced by European world rule or management as they term it. Because, if the American frogs in the boiling pot have not been aroused to their impending death, then nothing will arouse them.
This is simply a record on the forever internet like the Dead Sea Scrolls as an indictment to those criminals who initiated this against a free people.
Americans are in the Obama Depression and it will stagnate worse.
The criminal nation rapists are in your government like a disease, hiding behind laws they made and making Americans the enslaved criminals.
There is nothing more to be said of this examination as those are the facts.
May God keep His children in Jesus Name. Amen
agtG
