If you buy into what the media and politicians are spewing, the US is in fantastic shape, unemployment continues to decline, and things in general are getting better and better. This may be true if you are in the 1 percent. For the rest of us, things suck and continue to get worse.
Want proof? Let's look at the housing market. The U.S. Census Bureau reported Tuesday that the amount of people owning homes fell to 66% in the fourth quarter, continuing a seven-year drop with no end in sight. At the same time, home prices dropped by a further 1.3%. As more people don't buy houses as they have no job. no money or no hope of a mortgage, more are renting. And that in and of itself is driving up rents. Not much recovery there.
Yet the "experts" on every newscast claim the opposite, that we've turned a corner, that things are getting better. Where exactly is this recovery taking place, because outside of DC, home prices have slid on a national scale? The latest news about the Baltic Dry Index (BDI is mostly a measurement of global shipping rates) says just the opposite. Brandon Smith, from Alt-Market.com, says the BDI “is plummeting like a wingless 747 into the swampy mire of what I believe will soon be historical lows.” Smith says this is foretelling bad times, not good.
The Federal Reserve last week announced it will hold a key interest rate to near 0% through 2014 instead of 2013. Why you ask? Because the economy is still in the toilet. Economist John Williams of Shadowstats.com says 0% interest rates and money printing are really just keeping big banks from bankruptcy which is not helping the economy to truly recover. As real estate is going down in price, everything else is going up, including a sharp rise in commodities like beef and chicken lately. As a result, hyperinflationary depression is entirely possible ala The Wiemar Republic.
Williams says that hyperinflationary depression will hit the U.S. by 2014 at the latest. He thinks when it hits, it will cause a “financial economic Armageddon.” He recommends gold, silver, food and foreign currencies as protection. Williams goes on to warn, “The U.S. dollar remains highly vulnerable to massive, panicked selling, at any time, with little or no warning. The next round of Federal Reserve or U.S. government easing or stimulus could be the proximal trigger for such a currency panic and/or for strong efforts to strip the U.S. currency of its global reserve currency status."
Feel better yet? How about this then: War with Iran appears inevitable. We are moving more and more troops and equipment into the area with at least four air craft carriers and strike forces in the region by March and 100,000 troops. Supplies have been flying out of the places like the Diego Garcia as well as more and more flights leaving bases in Pearl Harbor. Israel will not let Iran get a nuke and I kind of doubt we will either as the type of destabilization it will cause will be mind blowing. At some point, most likely this year, a war against Syria and Iran will occur. How the Russians react will determine the fate of mankind.
On top of all that comes word that a casino in Atlantic City is giving their employees "term limits." Yes that means every four years, your job will disappear and you will have to reapply to keep it, most likely at a lower pay rate. How soon before other companies adopt this tactic? Corporations are killing us and the Tea Party is leading the charge. Death to the Tea Party and their fascist ideas. Anyone connected with them must be shunned from any co-operation. Don't hire them. Don't associate with them. Don't sell to them. Make them the Pariahs they should be. End this awful social experiment today. The alternative is going to be called Occupy a FEMA Camp and we all know how well that worked out for the Jews.
Things look bleak people. If we don't stand up soon for what we believe in, we will be part of a new Prison USA.
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