Monday, July 12, 2010

The Incredible Collapsing Economy - Various

Even by the standards of this deficit-ridden state, Illinois’s comptroller, Daniel W. Hynes, faces an ugly balance sheet. Precisely how ugly becomes clear when he beckons you into his office to examine his daily briefing memo.

He picks the papers off his desk and points to a figure in red: $5.01 billion.

“This is what the state owes right now to schools, rehabilitation centers, child care, the state university — and it’s getting worse every single day,” he says in his downtown office.

Mr. Hynes shakes his head. “This is not some esoteric budget issue; we are not paying bills for absolutely essential services,” he says. “That is obscene.” - NYT


-State Workers in California are very worried over their salary being reduced to the federal minimum wage pay grade. As reported on Fox News, on Friday July 2, Governor Arnold Schwarzenegger's administration, won an appellate court ruling allowing them to cut state workers wages to the minimum amount of $7.25 per hour. More than 200,000 workers will be affected by this drastic measure. Californians are already reeling from that states fiscal woes. However, a brief respite might be in order for workers because the State comptroller's office said their computers were not programmed to make the cuts. Upgrades will take another 2 years to complete. - All Voices


The recently passed unemployment extension by the House is currently on hold until the Senate returns from their recess on July 12th, leaving many unemployed Americans scared of what will happen next. A reader from Pennsylvania, unable to persuade Chase and Sears to hold off on collecting payment for one month, wrote, “I am so very scared. I am a single mom here with 2 college students…” Be sure to also read our article on unemployed Americans filing for Chapter 7 Bankruptcy

A reader from Missouri who is in favor of an unemployment extension wrote, “I am scared. I was unemployed from 8/15/09 to 3/1/2010 and here I go again, afraid how I am going to make it without an income or unemployment if it turns out that I can’t get it.”

An employed reader from Florida, who is in favor of an unemployment extension, wrote, “People who have no short term hope are scared of their lives falling apart like dominos. Senators who oppose the bill should walk a mile in an unemployed persons’ shoes.”

Upset that the Senate left for recess before voting on the unemployment benefits measure, wrote, “I am so scared that my teen-age son and I will be homeless within months…what should I do?” US Chronicle

The House may not have had the time to help out unemployed Americans, but they sure had time to spend billions more for wars... and you thought the GOP was bad!
The US House of Representatives on Thursday approved funds to pay for the Afghan troop surge amid criticism of the unpopular war by both Democrat and Republican lawmakers.
The House-approved bill includes nearly $4 billion in economic aid to Afghanistan and Pakistan. The war funds are in addition to the $130 billion Congress has already approved for Afghanistan and Iraq this year.

The House’s Democratic leaders, who had procrastinated for weeks over the bill, did not act in time to get the $33 billion to the troops by July 4 as the Pentagon had requested. - Daily Times
How bad is this unemployment crisis really?
The situation means many long-term unemployed workers, like Erich Simo of Canton, are on the verge of losing their safety net. The 27-year-old has been looking for a job since he was laid off in October 2008 at a company that did work for AT&T. But even positions at fast-food restaurants and grocery stores aren't available....

...Simo is one of about 400,000 out-of-work Michiganders who depend on this cash aid. Until recently, these benefits lasted up to 99 weeks. Now, they end after 26 weeks. - Detroit Free Press

Nebraska: Food Stamp Usage On The Rise:

Amanda and her husband Justin are out of work, so the federal food stamp program is the only way they can feed their family of five. McCormack is part of a growing number of Nebraskans who buy at least part of their groceries with a SNAP card.

One in every nine Nebraskans used the program in June.

That's almost 27,000 more than were using SNAP a year ago, and about 44,000 more than two years ago. That growth over the past two years is one indicator of the recession. - Journal Star
Get Ready For Runaway Inflation Says Schiff. I am not so sure that some of that inflation may not be put back in the criminal enterprises of Wall Street, while literally tens of millions more Americans wait in bread lines.

Well, you can believe what you want to about our dollar our economy and the state of our nation but you may want to think about what other nations are saying and doing about it. The UN issued a report last week that called for an end to the US dollar as the reserve currency of the world.
Fifth, a new global reserve system could be created, one that no longer relies on the United States dollar as the single major reserve currency. The dollar has proved not to be a stable store of value, which is a requisite for a stable reserve currency. Nonetheless, motivated in part by needs for self-insurance against volatility in commodity markets and capital flows, many developing countries accumulated vast amounts of such reserves during the 2000s. Hence, a new system needs to be developed. That system should allow for better pooling of reserves at the regional and international levels; it must not be based on a single currency or even multiple national currencies but, instead, should permit the emission of international liquidity (such as SDRs) to create a more stable global financial system. Such emissions of international liquidity could also underpin the financing of investment in long-term sustainable development, as suggested above. - UN World Economic And Social Survey 2010 (page 23)
Does anyone really understand what is really happening? Do they know that there is a chorus of nations who for varying reasons are going to tear this nation apart limb from limb? Do you think you are going to hang on to your house, car HDTV's and your affluent lifestyle after our leaders finish selling you out? In the meantime, Obama is using it as an excuse to be more repressive on journalists and in ways to kill Americans while he and those of both parties takes money from our enemies to do their bidding. You will never know now, just how much money the Chinese, Al Qaeda, Russia, The Mossad, Hizbollah, The Zeta's, are giving. There is no way to know now that the Supreme Court allows anyone with deep pockets to support candidates without any tracking? Want to talk about a self inflicted gunshot wound to the head? In a National Security sense, that is what that decision was.

There are real mines in Utah. Many of you do not know how important mining is today. There are all kinds of them here in America. Several years ago, when Bush-Cheney were on office, a proposal went forward to the President to put war prisoners and uncharged, illegally detained Muslims into forced labor camps in these mines. This would have enriched those who had the political connections to obtain this labor force. The idea was to eventually also pick up muslims in America and put them into these camps as well. For you black Americans out here, ever heard of the Black Muslims?

Guess who was about to go back into slavery.

Guess who is now in control of the Obama administration? You guess it, same exact folks who wanted to bring in the labor camps. This should not surprise you, as Obama now wants to assassinate Americans. I say this in all sincerity, you can thank Bush and Bush alone that this is not what happened because when the truth is out, you will find that Bush was not quite as bad as left leaning, paid-for-with-obama-supporting, neoconservative-corporate-money scholars think he was. He was just under enormous pressure from evil forces to do their bidding. Obama seems far more willing to accommodate these very same faces, who are known for their virulent anti-black and anti-Jewish racism.

Look somebody has to say something. 'Conspiracy Joe' isn't going to tell you, he doesn't have a clue. The MSM isn't going to tell you, they are controlled. Those that find out and try and tell you via a MSM source get snuffed out. Ask Tim Russert and Tony Snow. They knew and were going to do a story on it.

Then they died.

So stay uninformed if you want to, One day some guy from Mexico or China is going to come knocking on your door and tell you to come with them. You will be led off to a work camp, rape camp or death camp depending on your genetic and or political 'predisposisions', your property will be stolen by them as the guy in the County Recorders office will falsify a deed of transfer... if he wants to see his or her kids alive again. There will be no news stories on it, no expose's on CNN, no item in the local papers and folks like Alex Jones, myself and one or two others who have enough courage to tell you what is really happening and are not really paid spies or government plants, we will be one of first ones picked up. You simply will not be told or even have a clue until you get a knock on the door.

So while our leaders are spending billions on bombers and ships that will never be used in a war. The real war is just about lost. The war of unrestricted warfare I have told my readers about many, many times.

Folks, this war is already lost because the 'great betrayer' is selling us out right now. Our security officials are telling us to hold off on any amnesty for illegals as this is one of the key goals of the Narco Traffickers. Who is now calling for amnesty? Obama! This after being given classified briefings of the enormous risks to US security if he allows it to go forward. The Democrats, in need of money and votes are not listening. They (and the GOP) are giving federal dollars to organizations who have the exact same aim as the Narco terrorists, the control of the American southwest. Folks, this is not so much a personal attack on Obama as it is on the entire system that allows the Obama's Bush's Cheney's and Clinton's, Pelosi's, Reid's, and Hastert's of the world into power. Obama is not your problem, he is just a symptom of a much deeper and larger problem that 99% of Americans do not know. I can use a statistic like that because I need only look at how Americans vote to see that they simply have no idea what is really happening. Third party candidates got less than 1% of the vote in 2008, the criminals got the other 99%.

Some of my readers wonder how this relates to spirituality, the Gospel and the last days. They want me to talk about angels and devils, hell fire and damnation, miracles and somebody's purported 'word from the Lord', but not about politics and money. Well, let me tell you how it relates and why so many Christians are going to get hoodwinked by the devil. Go and read Revelation chapter 13, parts of chapter 14 as well as chapterz 17 and 18. Read it most carefully and ask yourself why the Holy Spirit spends so much time talking about an extremely deceptive last days political, economic and spiritual system that arises in the last days. Is it because Politics and economics have no Spiritual importance? Is it to cause scholars to debate about it till they run out of breath? It is it to give you nightmares in your sleep? Or is it to warn you and those who have an ear to hear of that system and show you the things to look for when it arrives so that YOU will not be fooled by it as so very, very many have. Go back and read Christ's words on the Last days, the Olivet Discourse (Matt 24, Luke 21, Mark 13) and read the things that Christ predicted. Now how many people out there really understand that we are in those very last days? What do you think Christ meant when he said lawless would abound? Think about it, he was not talking about the normal criminality that has been seen since man first saw his neighbors field and wanted to steal it. No, he is talking about something far more significant and dangerous, so bad that 'the love of many would wax cold'. So Watson's Web has spent many years talking about corruption, not just in America but around the world. This is the number one political and economic issue of our times and if you do not know that, you do not know what is happening. It is just that simple. Our Attorney General was absolutely correct when he named it as such a few weeks ago. You don't think it is? Wait till one day you come home and find a new family living in your house who some how got a 'legal' title to your home, even though you paid it off, 4 years ago! You see, I can talk about literally billions being stolen (literally) of the the Federal Reserve and it does not register with people. It is an 'esoteric' corruption. But when it hits home like a tidal wave, coupled with violence they will see... when it is too late to do anything about it except be led away to a camp in chains or get gunned down in the street. Folks will say that is not going to happen, the government will protect us! To which I can only repeat, they are the ones who are selling you out to these criminals of various stripes, nationalities and interests while you sit there with the NFL on and throw back a beer.

I have talked about apostasy and criminality (some of it so bad I cannot post out of fear for my life) in the Church. I talked about it over and over again. I warn, folks ignore. They do not believe that this has any real relevance to the last days. For in their minds, the last days never really come, it is just another esoteric theory people talk about at Church picnics, if indeed such topics are allowed to be discussed with the openly gay pastor. So I talk about these things because the Bible warns about them, in many places in different ways for OUR EDIFICATION. Do you want to be lost? Keep on ignoring sites like this one and the words of Christ so clearly written in your Bibles. Go ahead and do what so many do, reinterpret them to no effect and ignore their warnings. Your place in perdition will be guaranteed.

So when I tell you that Obama is in bed with some really evil people, I mean that Obama is in bed with some truly evil people. Ones behind pulling solid Christian programming from TV, perverting US textbooks to rewirte US history, teaching that sodomy is cool and should be taught to kids, that kids as young as 7 and 8 should be wearing Condoms (oh yes, this is happening now in America!) These are the folks Obama is in bed with. They helped him pass ObamaCare, in exchange for continued Oil drilling rights and expansion of offshore drilling, going soft on Wall Street reforms and a continuance of the lucrative wars that are one of their major revenue streams. They are into Afghan Drug dealers, Narco money launderers, Murder for hire (like Snow, Russert, DC Madam and scores of others you have heard about in the news and thousands of others whose deaths were not newsworthy). That is Obama's master. Men so evil that Christians have great difficulty sitting in the same room with these people as they are clearly demonically possessed. That is who this administration is serving. But once again, Obama is not the only problem, he is now just the most significant part of it by virtue of the office he holds. To give you a big hint. The Bush administration never left office, they just found some black face, changed its name and repeated the word 'change' and were able to stay in power.

So if this administration has no plan to save the US economy it is because the real power has plans to wreck the economy and steal as much as it can in the process. Folks, I am telling you, that is the plan, whether you wish to accept it or not.

Well when it comes to what is coming to America and her pitifully clueless, decadent and ignorant population, The Supreme Court had the right idea (for once); this government is not going to protect you and Americans even in their pitiful state, deserve some kind of chance to protect themselves from the real threat. Our government will certainly aid and abet our enemies because that is what they will be paid to do, rather than try and contain them. Why? Because that is where the money is. The real money is in betrayal, that is where you get the money to get elected in America and it is why America is on the Highway to Hell.

I have to say it, this is essence of the Obama phenomenon and God help you if you cannot see it after 19 months of this guy.

It is this very phenomenon that has the American economy still heading downwards, even after billions in stimulus spending, much of which disappeared in a maze of political corruption and trillions (with a 'T') in bailouts. The guy has no plan, other than take money from large donors, make promises he knows he can't keep while he shuffles his feet for the the massa. This guy has NO PLAN to save, reform, retool, reorganize or in any way save the US economy. This is the problem folks, the guy never had a plan other than to throw money at political constituents as political pay back, using a heavily indebted treasury to do it with. This man is a total creature of those who are destroying America. Consider:

Obama is spending hundreds of billions of dollars on wars that cannot be won and the nation cannot afford. Even now, MSM editors are asking hard questions. Why are we in Afghanistan?. I will tell you without sounding long winded. There are two reasons, One is to prevent, as much as possible, a major energy (and security) hook-up/cooperation between India, China, Russia and Iran that could strengthen economic ties of the SCO (or a new entity that has the same members). The other is to provide a stealth bailout to the Defense industry. Spin it anyway you want to, that is why we are in Afghanistan. The Taliban/Al Qaeda is a footnote. So ask yourself this if you think we are there to root out AQ, why would we need to spend hundreds of billions of dollars to root out 100 people? Does that make any sense to you... at all? Where is all that money going? Hint hint hint...
Only a fourth of the ongoing corruption investigations by U.S. oversight officials in Afghanistan are strictly targeting Afghan suspects, the top U.S. investigator in Afghanistan said Tuesday in Kabul. The other three-fourths are investigating transactions that involve at least one Western suspect.

While he wouldn't identify officials or companies under investigation, the figures seem to support Afghan government contentions that corruption is every bit as widespread among Western officials as it is in their own ranks.

"About 40 percent of our investigations involve procurement fraud," said Raymond J. DiNunzio, the assistant inspector general for the U.S. special inspector general for Afghanistan reconstruction. U.S. and Western governments frequently issue large contracts to support military and reconstruction efforts in Afghanistan, for labor, security guards and building materials, for example. - McClatchy News Service


Billions of dollars are being secreted out of Kabul to help well-connected Afghans buy luxury villas in Dubai. Amid concerns that the money could be the result of corruption, American politicians have temporarily cut off aid to the Afghan government...

...It is clear that much more money is making its way out of Afghanistan through Kabul's airport than is being officially declared and logged. For example, important politicians and businesspeople can often board planes from the airport's special VIP area without being searched. And if customs officials do conduct a search and find a suitcase stuffed with millions of dollars in cash, people with powerful connections often step in to make sure that the luggage makes it out of the country with its owner -- no questions asked. "A couple phone calls are made," General Jabarkhel says with frustration in his voice, "and the person can carry on." - Der Spiegel
The good news is that they are investigating it, the bad news is that the revenue stream continues in the same direction, billions more towards a pointless war, much of it stolen... with American political protection. Here is a man talked of fiscal accountability but the reality is that he is the most profligate President in US History.

Who is to blame? Obama along with members of both parties, himself included. Administration propagandists say that 'they inherited this mess' Well that is true up to a point, for it is the Democrats and the GOP that gave us this economic mess and deficits (any major trillion dollar funding for wars have been approved by both parties, do NOT let them fool you). Obama has just made both mess and deficits, much much worse. Why? Because I will say it again, after spending all of that money, he still has no plan to transform the US economy. None. What happens if some fundamental changes are not made soon?

You will be you standing in an unemployment line as State's take a major axe to budgets; companies cannot hire people as their contracts go away. Why? Because there is no money in the states coffers, More companies move overseas to escape the trap of rising taxation from the State Houses, Obama starts another war, adding more deficits, Obama starts to cut more Social Security (I know Senior's who saw as much as $150 cut from their checks since the hOrrible 'O' took office, but you don't read about it in the controlled press) and more older Americans who are just barely holding on, get put out on the street. What happens to real estate markets when state workers lose Jobs and contractors no longer get contracts? What kinds of things happen when financial crimes really hit main street, things like ordinary working people getting totally wiped out of their savings and all traces and evidence points back to the Federal Reserve (I am telling you this is going to happen if Obama and Holder cannot get their act together)? Who are you gonna call? Who is going to help you? You think this nation has troubles now? Let this President finish his term.

Where is any economic growth going to come from? Now why do you think Obama is behaving like the last administration with more money going to the DHS, plans to kill Americans, not letting journalists visit beaches where his own blithering incompetence is largely responsible for the horrific damage being done by one of his principle campaign donors (PESR readers understand why). Because he has no plan to help you, so he must control and eventually kill you for the crime of losing your jobs and being hungry and cold while he protects the corporations who pay his campaign bills and destroy America.

Do not kid yourself with overly optimistic view on our economic state, We have passed deficits that are now as great as our entire GDP! We are careening towards a disaster that could be only months away. This, once again is not a drill. America cannot borrow its way to prosperity, it must work and spend save its way there. As long as 'Free and unfair trade' is the mantra of the US establishment of both parties, that will be impossible. Until workers in America can make goods and consumables again that can be traded, real unemployment will reach over 30%... and stay there with significantly reduced social safety nets. This is the future and let no one tell you differently. Our economy cannot compete with slave labor and wages that are often under a dollar a day. It is impossible, unless you want America to look like China did... 50 years ago and still looks like in a great many places. DO NOT kid yourself, if you are warm, clothed, eat regularly and have a home you are under a very real threat, no matter your career, location or what they tell you in the Washington Post. We need to make real wealth that can be consumed and exported. Today one of our largest exports is trash. I know what I am talking about. I know some of the folks in the State department who go around the world to places like Indonesia, West Africa, China you name it to get people to take our Trash, they even have a highly technical diplomatic term for it that escapes me at this time. Things like old batteries, Computer parts, ordinary refuse from your home... all kinds of garbage. That is our top export! Keep this in mind, we have to give them something in return for taking all that trash! Folks, I am telling you, that is what America exports to the world, that and another commodity that is soon to become trash: The US dollar.

That is where Obamanomics is taking us. He can say what he wants to about it and smile all he wants to, he knows it, I know it and anyone with any sense can see it, if they really want to.

The poor house awaits you if you put this two party monstrosity back in power. I am not talking about financial discomfort, but the literal poor house for millions. What is my advice to all who read this?
Seek ye the LORD while he may be found, call ye upon him while he is near: Let the wicked forsake his way, and the unrighteous man his thoughts: and let him return unto the LORD, and he will have mercy upon him; and to our God, for he will abundantly pardon. (Isa 55:6-7)
Do NOT let yourself be put into this category.
And when ye spread forth your hands, I will hide mine eyes from you: yea, when ye make many prayers, I will not hear: your hands are full of blood. (Isa 1:15)
The message is the same today as it was when Isaiah wrote his words 2500 years ago. Repent, do good hate the evil. Love the Lord for the people of that day were very much like Americans of our day.
For your hands are defiled with blood, and your fingers with iniquity; your lips have spoken lies, your tongue hath muttered perverseness. None calleth for justice, nor any pleadeth for truth: they trust in vanity, and speak lies; they conceive mischief, and bring forth iniquity. They hatch cockatrice' eggs, and weave the spider's web: he that eateth of their eggs dieth, and that which is crushed breaketh out into a viper. Their webs shall not become garments, neither shall they cover themselves with their works: their works are works of iniquity, and the act of violence is in their hands. Their feet run to evil, and they make haste to shed innocent blood: their thoughts are thoughts of iniquity; wasting and destruction are in their paths. The way of peace they know not; and there is no judgment in their goings: they have made them crooked paths: whosoever goeth therein shall not know peace. Therefore is judgment far from us, neither doth justice overtake us: we wait for light, but behold obscurity; for brightness, but we walk in darkness. (Isa 59:3-9)
So the message is the same, nothing has changed: Repent and let the Lord heal you, lest he turn and destroy you and this once great nation.


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