*I picked this up in another group. The writer wasn't credited. I'd like
comment from someone better informed, OK?*
* *
Consider, on top of the information below, that the Bush Administration
borrowed 2.2 TRILLION from China, a country that is not a political ally.
He also allowed the US manufacturing base to all but evaporate while
depending on China for a huge amount of our needs through imports.
Obama is following suit, with an additional 787 BILLION borrowed..until
China cut us off.
Here is an idea how much money that is: 1 trillion will build and fully
equip over 6,000 Nimitz class nuclear aircraft carriers.
We borrowed, over 9 years, an amount that would have built over 18,000 of
them.
WHAT did we need and use all that money for?
Now the bad news: China is, right now, in the process of dumping all that
debt, in Treasury bills, onto the open market. When we can not redeem then,
the value of our dollar falls. The euro is now worth $1.36 to one US Dollar.
When it rises another .20 cents, it will cause a run on T-Bills
internationally and collapse the US economy.
http://forecasts.org/euro.htm
If China cuts off it's exports to the USA, and this cash in of T-Bills is
completed, we are screwed. We do not have the manufacturing base any longer,
we have outsourced the jobs Americans now need and we are already in what is
called by many economists, a depression.
And we are spending more and more every day by simply printing off more
T-Bills.
For what? WHAT has any of that government spending done for any of us?
There is talk that the 'stimulus' money was put in foreign banks to save
it's value after the approaching crash of the US Dollar, and it is a FACT
that the Treasury is already printing off a new form of currency to replace
our existing one, a form that will be devalued. Like Russia in the 90's, we
will lose all we have invested.
And of course, the banks are getting back the land they gave mortgages on.
People, we better wake up. This is here and it is NOW. While we dream on
about 'Tea Parties' and 'Birth Certificates', the Congress is cutting off
spending to US Projects, payments on unemployment benefits and road work.
They money was spent, borrowed and we sold our country to China. We have
nothing left. These 'wars' over 'terrorism', which COULD HAVE BEEN ENDED the
day the CIA (who ran a military operation) allowed bin Laden to get away,
the opening of the Treasury to banks, insurance companies (AIG insured the
Twin Towers), the pharmaceutical industry and health care professions had
BANKRUPTED US. All that is left is the crash.
DID YOU SLEEP RIGHT THROUGH IT or were you concentrating on 'POLITICS'
instead?
BECAUSE THIS WAS DONE BY BOTH SIDES OF THE AISLE.
PS. The newly renewed Patriot Act now has a provision for the LEGAL
ASSASSINATION of US Citizens,...using 'secret evidence" Don't talk this up
too much or too loudly.
Good luck to us all and may God save the Republic.
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