National Debt: $9.634 trillion and rising...........

The Coming Financial Collapse of the USA and Britain.

The goverment has bailed out AIG but who will bail out the goverment?
With a national debt of $9.634 trillion we are in deep, deep and deeper doo doo than politicians want to acknowledge. Thats 4TRILLION dollars more than when Bush took office.
For years the administration has told the people the economy is great. It was not and is not 'great'
No household with more going out than coming in is in 'great' shape. No household in deep debt to creditors is in 'great ' shape
.
They keep up the "free economy" crap and allow outsourcing and movement of jobs and business overseas and want YOU to believe that things can work out that way.
Well, they can't and won't. We are in for a very bad time.

One thing people refuse to understand is that debt has to be repaid!
Alan Greenspan has called this a "once in a century crisis" and indeed it is. The damage that the housing crisis caused is spreading worldwide and causing untold damage to the US reputation as a financial leader. We just are not anymore. We are too deeply in debt and we keep spending, spending, spending like drunken sailors as if there were no tomorrow.
It is all going to blow up like TNT soon because our politicians have no clue what to do nor the will to do what great economists are telling them to do.

Simply put the USA and it's people have to tighten their belts to the lowest notch and hang on tight. Spending , loans, mortgaging, credit cards.. it has to stop. The AIG bailout shows that the US doesnt know how to manage its affairs and finances. The new candidates will not help either as they bring nothing new to the mix but the same old policies that got us into this awful place originally.

While the public thinks abortion and etc are prime problems the economy and immigration are the top priority really. The falling stock market, falling home prices, mounting job losses; failing corporations will be what the new president has to contend with and none of them are capable.

The usual fix, printing more money will further gut the value of the dollar as they flood the market to gloss over the complete lack of substance. People will go on not understanding how close to the brink we really are.
National security is worthless without money. Uncontrolled immigration, about which neither party is at all concerned will undermine our already vastly over stretched budget.

You could not run a simply household like these politician run the economy. The house would be gone, car repossessed and creditors would be at you day and night til you paid up if the US was a simple household.

Illegal immigration has weakened our national cohesion while unprecedented dependence on foreign workers has stressed the economy to the max.

Look at fema’s declared disasters webpage. Ronald Reagan had averages of 23 disaster declarations each year he was president. His successor had39 each year. Bill Clinton dealt with an average over 47. President Bush had 54 annually. Hurricanes Gustav and Ike brought this year’s total, just til September , up to 56. That’s a new disaster that requires the government to intervene every five days. The drain on federal resources is growing greater all the time. And food production has been devastated in the US by a super draught in the west and flooding elsewhere.

We are in serious trouble in this country and not one party is addressing that. They don't address it because they don't get it, understand it, or really care much about it.
This whole campaign has been a show of thuggery and childish behavior on both sides that even a high school campaign for student council president would not allow. Think about that.

Bear, Fannie, Freddie, Lehman, Merrill, AIG are going down the toilet and the bail outs by YOU the taxpayer are unforgiveable on the part of the government.It is a huge disgrace but worse it will destroy the nation if something isn't done quickly.

That something will have to be a belt tightening of unprecedented proportions. No more spending, no more going into debt and no more printing of money. Unfortunately no one wants to hear this but it is the truth and major economists know that it is.


Fritain will not escape this either. 60,000 Brits PER MONTH will be out of work beginning in October due to the decline of the British economy. It is in grave condition. Housing prices are set to fall by over 30% before the end of the year. People will be losing their shirts soon.

The financial security of the US and Britain are shaking from a huge underground earthquake that is threatening to bring down both nations and soon. The Halifax Bank of Scotland Group is on the verge of collapse it is rumored and this is devastating news.
It is as yet unclear whether Britain will see a recession or an outright complete crash. Time will tell.

The US and Britain's stupid policies of out sourcing work, companies, easy loans, easy mortgages and easy credit have finally come home to roost. A financial nightmare is coming and very soon.

This financial nightmare is just beginning. Nationalizing Fannie and Fred and bailouts will not stop this.. will not help this.

Robert Morley, financial expert says, "America’s economy has similarities to a drug addict. It desperately needs cheap money. If you take the easy money away (let Fannie and Freddie fail) the economy goes into cardiac arrest (or that is the fear). But give the lenders another shot of money (from the U.S. Treasury), and maybe the economy will keep functioning for a while longer. Inject enough money and you can even induce a temporary high. The problem is, you constantly need ever increasing amounts of dollars to remain in the “feel good” zone. And all the while, other side effects, such as a devaluing dollar, rising inflation, and deteriorating credit worthiness, drain the future economic life of the nation. "

He goes on:
"The seizure{of fannie and freddie} also illustrates just how dependent America is on foreign lenders.
These foreign investors (primarily the Chinese, Japanese and Middle Eastern oil exporters) are the same ones that provide the hundreds of billions of dollars the federal government needs to borrow each year to function. The federal government had to keep its foreign creditors happy, and as the Wall Street Journal points out, the Treasury Department was receiving a flurry of calls from angry and worried Asian investors just prior to its decision to nationalize the two lenders. America cannot afford to have China and Japan angry.
For example: Last August, two Chinese government officials highlighted how China could use its massive U.S. dollar holdings (which include hundreds of billions in government treasuries) as a political weapon to influence the United States. One Chinese cabinet-rank minister went as far as saying that America’s debt should be used as a “bargaining chip” to influence trade talks. Another Chinese official warned that China could set off a dollar crash if it so desired. Chinese state media referred to the country’s stockpile of U.S. dollars as its economic “nuclear option,” capable of destroying the dollar at will.
This angle of the risk of foreign capital flight has not been well covered in the media. And part of the reason may be that the dollar has rallied lately—rising approximately 10 percent since mid-July as measured against the U.S. Dollar Index (a basket of currencies). However, the rise of the dollar is not the reflection of newfound strength in the U.S. economy; it more reflects the breakdown of confidence in other economies and their currencies, such as the pound, the euro and others. The dollar is still down about 40 percent from 2002 "

Get yourself out of debt as fast as you can and find safe places for your money.