A grim report published in the United States yesterday by Ernest S. Christian, former deputy assistant secretary of the US Treasury in the Ford administration and Gary A. Robbins, an economist who served at the US Treasury Department in the Reagan administration, is warning that the actions of President Obama against his own citizens is leading to a Second American Revolution.
According to Christian and Robbins, Obama has pulled off the “ultimate switcheroo” by diminishing America from within and may soon bankrupt the United States and replace their current big merit-based capitalist economy with a small government-directed one of his own design. They further charge that Obama is undermining America’s constitutional traditions and state: “The rule of law and our Anglo-Saxon concepts of private property hang in the balance. Obama may be the most “consequential” president ever.”
Christian and Robbins also charge that “Obama is building an imperium of public debt and crushing taxes, contrary to George Washington’s wise farewell admonition: “cherish public credit … use it as sparingly as possible … avoiding likewise the accumulation of debt … bear in mind, that towards the payment of debts there must be Revenue, that to have Revenue there must be taxes; that no taxes can be devised, which are not … inconvenient and unpleasant ….”
The scenario Christian and Robbins envision will start this new American Revolution against Obama’s destruction of their country begins with the Internet that they describe as a “large-scale version of the “Committees of Correspondence” that led to the first American Revolution — and with Washington’s failings now so obvious and awful, it may lead to another.”
Note: The Committees of Correspondence were bodies organized by the local governments of the Thirteen Colonies before the American Revolution for the purposes of coordinating written communication outside of the colonies. These served an important role in the Revolution, by disseminating the colonial interpretation of British actions between the colonies and to foreign governments. The committees of correspondence rallied opposition on common causes and established plans for collective action, and so the group of committees was the beginning of what later became a formal political union among the colonies.
As news during this period was typically spread in hand-written letters to be carried by couriers on horseback or aboard ships, the committees were responsible for ensuring that this news accurately reflected the views of their parent governmental body on a particular issue and was dispatched to the proper groups. Many correspondents were also members of the colonial legislative assemblies, and were active in the secret Sons of Liberty and Stamp Act Congress organizations.
The fears being expressed by these former high US Government Officials in believing Obama is destroying their country is, unfortunately, borne out by the facts, and which include:
• 83 percent of all US stocks are in the hands of 1 percent of the people.
• 61 percent of Americans “always or usually” live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007.
• 66 percent of the income growth between 2001 and 2007 went to the top 1% of all Americans.
• 36 percent of Americans say that they don’t contribute anything to retirement savings.
• A staggering 43 percent of Americans have less than $10,000 saved up for retirement.
• 24 percent of American workers say that they have postponed their planned retirement age in the past year.
• Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008.
• Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.
• For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.
• In 1950, the ratio of the average executive’s paycheck to the average worker’s paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one.
• As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.
• The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.
• Average Wall Street bonuses for 2009 were up 17 percent when compared with 2008.
• In the United States, the average federal worker now earns 60% MORE than the average worker in the private sector.
• The top 1 percent of U.S. households own nearly twice as much of America’s corporate wealth as they did just 15 years ago.
• In America today, the average time needed to find a job has risen to a record 35.2 weeks.
• More than 40 percent of Americans who actually are employed are now working in service jobs, which are often very low paying.
• or the first time in US history, more than 40 million Americans are on food stamps, and the US Department of Agriculture projects that number will go up to 43 million Americans in 2011.
• This is what American workers now must compete against: in China a garment worker makes approximately 86 cents an hour and in Cambodia a garment worker makes approximately 22 cents an hour.
• Approximately 21 percent of all children in the United States are living below the poverty line in 2010 – the highest rate in 20 years.
• Despite the financial crisis, the number of millionaires in the United States rose a whopping 16 percent to 7.8 million in 2009.
• The top 10 percent of Americans now earn around 50 percent of our national income.
To how long the American people have had to endure what many are calling the Great Recession newly released reports from the US Government yesterday show their economic downward spiral actually began three years ago as the gross domestic product (GDP) for the United States was downgraded for the years of 2007, 2008 and 2009, and which means they are not just suffering a short-term economic downturn, but are instead in the midst of their Second Great Depression of the past 80 years.
Though there are no firm definitions for either a Recession or a Depression the generally excepted rule is that a recession is a period of economic decline lasting 2 quarters. A Depression is loosely defined as an economic downturn lasting longer than 2 quarters.
A comparison between the economies of the Great Depression during the 1930’s and what is occurring today in the United States clearly shows the word Depression should be used to describe their true economic state and not Recession, and which the following facts bear out:
· Between the Great Depression years of 1930 to 1940 the amount of US Government spending as a percentage of their GDP was around 21%
· Between the years of 2007 to 2010 the amount of US Government spending as a percentage of their GDP was around 38%
· In the Great Depression unemployment in the United States peaked in early 1935 at 25%
· The “true number” of people unemployed in the Untied States today has reached over 22% and is still climbing. [Note: Record numbers of people no longer looking for work are not included in the unemployment figures touted by the Obama Administration]
· Home foreclosures in the United States in 2008 topped those of the Great Depression of the 1930’s
To how much worse it is going to get for those people living under the Obama regime we can glimpse from the warning issued last week by Neil Barofsky, who is the Special Inspector General for the US Treasury’s Troubled Asset Relief Program (TARP), that American taxpayers may be on the hook for as much as $23.7 Trillion to bolster the economy and further bail out financial companies.
With the United States Government already over $13 Trillion in debt and fast approaching the staggering sum of nearly $110 Trillion in unfunded liabilities (Social Security, Medicare, Food Stamps, etc.), and the American people themselves holding over $16 Trillion in personal debt (Mortgage, Consumer, Credit Card and Personal Debt) it is no wonder that China (which yesterday became the World’s second largest economy) this past week declared that the United States was bankrupt and announced plans to ditch the US Dollar as a peg for their own currency.
And in what can only be called a shocking display of hubris, Obama’s official spokesman this week said that “The President believes raising taxes on the middle class during this economic time would not make a lot of economic sense.”, a statement which stands in sharp contradiction to what he has actually done, and includes:
· 156% Federal Tobacco Tax Hike (took effect April 1, 2009)
· 10% Tax on Indoor Tanning Services (took effect July 1, 2010)
· The “Medicine Cabinet Tax” (takes effect Jan. 1, 2011)
· The HSA Withdrawal Tax Hike (from 10% to 20%) (takes effect Jan. 1, 2011)
· The “Special Needs Kids Tax” ($2,500 cap on FSAs) (takes effect Jan. 1, 2013)
· The Obamacare Medical Prosthetics and Devices Tax (takes effect in Jan. 1, 2013)
· The Medical Itemized Deductions Cap (from 7.5% to 10%) (takes effect Jan. 1, 2013)
· The Obamacare Individual Mandate Excise Tax (up to $2,085 or 2.5% of AGI) (takes effect Jan. 1, 2014
And not just to taxes has the Obama regime begun attacking the American people with, they are now about to be deluged with what the MSNBC News Service calls a “paperwork nightmare” due to thousands of new IRS tax forms US businesses are being forced to fill out beginning January 1, 2011 that will cost them an estimated $19 Billion over the next decade.
Sadly, it must also be reported that aside from Obama’s wholesale destruction of the American economy for the benefit of their elite classes he has also begun implementing all of the police state provisions begun under predecessor President George W. Bush in order to establish, and in the words of the American Civil Liberties Union (ACLU) a “new normal” for these beleaguered people who are systematically being stripped of not only their money, but also their rights to live as a free people.
In further moves against the American people Obama has also:
· Moved to make it easier for the FBI to obtain records of people’s Internet usage without a court order
· Begun a campaign to silence all opposition against him through the use of lawsuits
· Ordered the jailing of 9 US Federal employees who dared to look at his school records
· Teamed up the Central Intelligence Agency (CIA) with Internet search engine giant Google to invest in the “future” of web monitoring
· And ordered the CIA to be the “Executive Agent” on climate change
As to the future being planned by the Obama regime for the American people as they near revolt, and as another Middle East war is said to be imminent, we can, perhaps, glimpse from what is being described as a shocking shortage of emergency drugs in the United States which many believe are being stockpiled by the US Government as war and/or revolution appears ready to begin and has been confirmed by their Food and Drug Administration (FDA).
Of those drugs most in short supply in the United States we can further read:
· It appears that several drugs used to treat emergency conditions such as cardiac arrest and/or shock such as Ephedrine and Calcium Chloride (both are used in cardiac resuscitation) are in short supply! Even drugs such as Mexiletine which is used to treat abnormal heart rhythms are listed. Think wounded soldier on battlefield with loss of blood volume, shock, and heart stopping as a result of wounds. Second, think surgery, what would you need? Perhaps one of the newer drugs used in anesthesia, or adjunctively in anesthesia, such as Protocol (the primary drug used for induction of anesthesia for surgery) and Atracurium besylate, Vecuronium or Pancuronium for muscle relaxation during the surgery.
· Get this – Sodium thiopental, better known as Sodium Pentothal is on the list! It is better known as “truth serum”. Sodium thiopental is used during interrogations, and can be used as anesthesia, but also has a much darker side!
· What about pain? I think that is covered by the shortage of Levorphanol (an opioid medication used to treat severe pain). The government has great stockpiles of morphine (Fort Knox), but why not have some newer opioids as well?
· What about Radiation? Vomiting and diarrhea would be the first area of concern. You would expect to see the government stockpiling an anticonvulsant to manage vomiting, since these drugs are used to combat vomiting. Several easily obtained and manufactured medications can be used to control diarrhea. Medications to control vomiting require difficult to manufacture components, but are critical to avoid dehydration. Fosphenytoin is such an anticonvulsant. It could be used to reduce vomiting brought on by radiation poisoning. It is also in short supply.
· Other drugs on the list such as Furosemide could be used to reduce swelling and fluid retention due to the unfortunate result of burns. Burns would be expected in any nuclear war.
· Powerful antibiotics such as Amikacin and Isoniazid are on the list, perhaps to tackle ever reemerging diseases such as tuberculosis, such diseases which would be common place in a post apocalyptic nuclear world. You might throw in Mitomycin, if you were thinking anti-cancer (antineoplastic or cytotoxic).
· When Dextrose 50% injection ( as a source of carbohydrate calories) and MVI injectable ( multi-vitamins) are added to the mix, it gives a bleak picture indeed. These types of drugs would be used in any, post apocalyptic world scenario, in which you wanted to treat malnutrition and starvation.
· Haloperidol is an old drug which is on the list. Haloperidol would be a good candidate for Post Traumatic Shock therapy, or just to control the unwary population at large? Haloperidol is an old drug which has seen great use in psychiatric hospitals, and is a first line protocol for combative psychiatric casualties in that it doesn’t depress respiration (breathing) as would morphine. It, along with newer drugs, are used every day to control patients in psychiatric hospitals. Can you see the masses wandering around in a drug induced stare?
· What about those Internment Camps? Most disturbing of all is that three of the drugs, in short supply, are used together for lethal injection. So is it Euthanasia or Execution?
· As mentioned earlier Sodium thiopental can be used for anesthesia, or as a “truth serum”, but most often when used with pancuronium bromide is used for Euthanasia. Sodium thiopental along with pancuronium bromide and potassium chloride (all three are on the list) is used to execute prisoners by lethal injection in 34 states. So what is it the government has in mind for the poor humble masses?
To the final outcome of these events it is not in our knowing, other then to note, as we had in our July 23rd report “Shock World Court Ruling Warned Will Destroy Obama, America”, that what lies in store for the people of the United States is much worse than what they are being told by their government/corporate/media masters, and should they not heed the warnings being shouted at them by us, and others like us, they will become like all of those peoples before them who “heard but didn’t listen” and “saw but didn’t see”….nothing more than dust in the wind.
RELATED ARTICLES
- Australia Sends Military to Solomon Islands as Rioters Torch Government Buildings
- Massive Riots Break out in Australia as Tyrant government Refuses to Back Down, Police Rams Protesters with Cars
- China Suspends Parliament Meeting For First Time in Decades
- US House Passes Resolution Making Anti-Zionism a 'Hate Crime' in America
- Far-Left Universities Set Up Classes To Teach Satanism, Witchcraft
This fucking niggers shitfaced kenyan animal. I hate niggers but this nigger is a real fucked up. I hope the 2nd American Revolution will find him hanging on a tree.
@ Michelle:
Unfortunatly many people make your mistake. The bring home 200K a year, they go out and buy a 600K House, 2 new Mercs, a cottage and all the toys, but when the bottom falls out, they are left with a hilarious amount of debt and nowhere to go.
My wife and I bring home about 100K a year. We own a 130K dollar house, I drive a 95 Dodge Pick Up, she a 2000 Chev Blazer. In other words when our bottom falls out (if it does) we will be left with a house paid for, and plenty of cash to plod along and pay property tax etc.
I hope your economical situation will be a real eye opener for you, when you guys get back on your feet. Quit trying to keep up with modern society.
Belsen you are wrong. we made 150,000 and lived in an 180,000 home I have an 8 year old landrover with 2 more payments. I bought it used. it was 27,000 stop judging. But when you are out of work for 2 year and your business is sinking you have not money to live. Boy you are unbelievable. so just screw off.dddddddddd
Better living through Eugenics,lol,the candor.
@ Michelle
I am sorry to hear of your circumstances, but please do not be blinded by the two party, one economy system.
“83 percent of all US stocks are in the hands of 1 percent of the people.”
“66 percent of the income growth between 2001 and 2007 went to the top 1% of all Americans.”
Obama and his “get whitey” appointees piss me off as much as any other rational white person, but the Idiotic States of America, or it’s modern presidents, have all had the same exact trade policies since Reagan, “The Great White Hope”. It didn’t matter if it was Reagan, Clinton, the Bush boys, or Obama, they all believed in the same thing. Export American factories, allow illegal and legal immigration since immigrants work cheap.
It sounds like you and your husband were involved in the service economy, well mam, I’m sorry to tell you, but without those twenty million blue-collar unionized factory workers, there are less and less people that can afford your services. Sure, those twenty million people may have been replaced with 50,000 millionaires and billionaires, but that means a smaller marketplace for people like yourself. Even the the wealthiest man in the world will not buy himself 1,000,000 cars, so how would anyone expect him to buy 1,000,000 services from the services and pre-paid products from individuals like yourself.
I’m not saying these things to scold you, especially because of the straits you and your family are in. I am just hoping beyond all hope that you won’t buy into a politician simply because he’s a republican. This game has been played again and again throughout this nation’s history, and it’s about time white folk’s wizened up and realize that the two choices on the ballot aren’t choices at all. Fuck the two parties, vote third party or revolt.
My husband and I 2 years ago were making 150,000 per year. I ran a small business and my business was growing making 5100.00 in sales out of my home. My husband was making 125,000 per year as a project manager. My husband lost his job and my business has slowed to a snail crawl. We have 2 kids and are on the verge of homelessness. This is the hope and change we go from this monster of a President. I hate him. He has destroy our country and left people homeless having 1.7 million lost their homes in the last 6 months. 40 million on foodstamps. not job but low paying jobs. The only people Obama is helping are the unions. that is it. I want him impeached and so do millions of Americans. Tired of this monster calling 120 million racists when some of us voted for him. Now there is talk of black nationalism and genocide on white people. I feel like I am a jew living in Germany during the depression. If Europeans are our friends we may need your help to get this dictator out of the White house because he has eluded to staying their permenantly. I fear for my 3 year old who is very swedish looking and I am too. White people are now targets as well as Christians and Jews. It is a terrifying time for America.
I think you European must fight you country no matter what !!! Remember you race developing America into super power, but the Jewish take control everything in USA from political, economic and social. Where the white superior in you country. Remember either the black or white become president,the president must always hear voice of Jews.
The article confirms what another former assistant secretary of the US treasury, Paul Craig Roberts wrote:
http://www.counterpunch.org/roberts03182008.html
IOW the issue existed before Obama was elected. Summarized, outsourcing of production meant higher profits for companies but less income for working Americans. As about 70% of US GDP is generated by consumer spending, that indicated a down spiral, only hidden by an increase in borrowing for consumption to contiue “business as usual”. With the mortgage scam, sold to EU investors as “best possible investment, guaranteed by US rating agencies”, blown up now, there’s no way to inject more money into consumers as unemployment still is rising, and outsourced industries won’t return to hire people. What the article doesn’t mention is that the US (FED) books are cooked, one needs the corrected figures as presented by John Williams:
http://www.shadowstats.com/