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Saturday, January 10, 2009

Obama Alert - Is USA Economy Being Politically Manipulated?











By Rev. Lainie Dowell


Why did the United States of America have our beleaguered but brave military men and women join with coalition forces to hunt down and capture Iraq's tyrannical leader, the late Saddam Hussein, and kill so many more Muslim terrorists there, in Afghanistan, and around the world only to embrace a little-known man named Barrack Hussein Obama? And, why have many of our political leaders fallen under his spell and encourage the American people to accept him as our President?

The blueprint plan that Barack Obama has blatantly placed before the nation offers little confidence in our officials to be trusted enough to keep Americans safe and secure at home and abroad while, at the same time, purporting to protect us from "all enemies foreign and domestic."

Barack Obama has not proved himself to be worthy of our trust. And, yet, Americans are expected to capitulate and not call for him to do so. But, whereas former U.S. Presidents may have had many millionaire friendships, Americans, for the most part, did not have to lose sleep over whether or not they would open up the doors to America and let our enemies walk into this nation's capitol to take over.

Despite the many warning signs about Obama and his political and personal "associates" that have come before this nation, we continue to be hurdling head long into a catastrophe not of our own making. Rather, it is one in which the DEMS, as left-leaning, progressive Americans and their associates, have continued to blame fellow citizens who have already proven themselves to be brave and patriotic enough to stand up in defense of this nation's God and constitution.

Barack Obama has been shown to be a master manipulator and deceitful propagandist. Why do the Republican Party, their congressional members, and their leadership believe they have to emulate the Democratic Party's way of conducting the nation's business, when DEMS (as a group) have repeatedly shown they have no respect for our nation's rule of law even while taking their oaths to uphold the law?

Furthermore, if Obama finally succeeds in taking the keys to the White House, then Americans must understand they cannot take a rest. They must remain ever vigilant. For, even now as we keep watch, Obama -- the darling of the mainstream media and a guru to so many unsuspecting souls -- appears to have nobody he'd listen to who will tell him that Americans are not as gullible as he and his ilk may suppose.

Regardless of how many email addresses he has amassed in his database and despite their many ongoing attempts to utterly bankrupt the nation, we have peeped their hold card.

ANARCHY AND AMERICA'S ONGOING "SECRET" REVOLUTION

Obama seems to be playing it by the book. Just pick one. Start with "The Doctrine of Anarchism of Michael A. Bakunin," by Eugene Pyziur" (c) 1955. In it, Pyziur says something which should resonate with every American. On page 86, he writes, and I quote, as follows:

"According to Bakunin, a revolutionary conspiracy is unconditionally necessary for the successful leadership of a revolution. This is true not only of the prerevolutionary period. Also, during the revolution itself, the conspiracy should remain secret, or at least preserve its distinct exclusive character, and even after the victory of the revolution, it should not be dissolved.

. . .the folk is our army. . . . We only need to organize a general staff, which will help it [the people] to organize itself." The book goes on to say that, " . . . In the first article of the Catechism of the Revolutionary, we read 'The revolutionist is a doomed man. He has no personal interests, no affairs, sentiments, attachments, property, not even a name of his own. Everything in him is absorbed by one exclusive interest, one thought, one passion --- the revolution.' Membership in the secret society is not to be open to all comers, but to be based on cooptation (sic) after stern scrutiny." (footnotes omitted)

Even so, as we presently witness this costliest Presidency ever in American history, can we afford such a high price to have this black man to be the first one to fill that office? If readers consider that to be a racist remark, remember that it is they who have couched it in those terms. Obama and American bankruptcy are in your face now. Just don't turn your back to him. Read on.

!! A Must Read !!

Reprint

United States A Bankrupt "Superpower"
Source: Islamic Voice, August 2008*
Written By Paul Craig Roberts (quoted in full, below)

The United States is living beyond its means. It is Japan, China and the Saudis who are propping its economy by buying Government security bonds. The war has depleted its finances beyond imagination, writes Paul Craig Roberts

In his famous book, The Collapse of British Power (1972), Correlli Barnett reports that in the opening days of World War II, Great Britain only had enough gold and foreign exchange to finance war expenditures for a few months. The British turned to the Americans to finance their ability to wage war. Barnett writes that this dependency signalled the end of British power.

From their inception, America's 21st century wars against Afghanistan and Iraq have been red ink wars financed by foreigners, principally the Chinese and Japanese, who purchase the US Treasury bonds that the US government issues to finance its red ink budgets.

The Bush administration forecasts a $410 billion federal budget deficit for this year, an indication that, as the US saving rate is approximately zero, the US is not only dependent on foreigners to finance its wars, but also dependent on foreigners to finance part of the US government's domestic expenditures. Foreign borrowing is paying US government salaries perhaps that of the President himself or funding the expenditures of the various cabinet departments. Financially, the US is not an independent country.

The Bush administration's $410 billion deficit forecast is based on the unrealistic assumption of 2.7 per cent GDP growth in 2008, whereas in actual fact the US economy has fallen into a recession that could be severe. There will be no 2.7 per cent growth, and the actual deficit will be substantially larger than $410 billion.

Just as the government's budget is in disarray, so is the US dollar which continues to decline in value in relation to other currencies. The dollar is under pressure not only from budget deficits, but also from very large trade deficits and from inflation expectations resulting from the Federal Reserve's effort to stabilize the very troubled financial system with large injections of liquidity.

A troubled currency and financial system and large budget and trade deficits do not present an attractive face to creditors. Yet Washington in its hubris seems to believe that the US can forever rely on the Chinese, Japanese and Saudis to finance America's life beyond its means. Imagine the shock when the day arrives that a US Treasury auction of new debt instruments is not fully subscribed.

The US has squandered $500 billion dollars on a war that serves no American purpose. Moreover, the $500 billion is only the out-of-pocket costs. It does not include the replacement cost of the destroyed equipment, the future costs of care for veterans, the cost of the interests on the loans that have financed the war, or the lost US GDP from diverting scarce resources to war. Experts who are not part of the government's spin machine estimate the cost of the Iraq war to be as much as $3 trillion.

The Republican candidate for President said he would be content to continue the war for 100 years. With what resources? When America's creditors consider our behavior, they see total fiscal irresponsibility. They see a deluded country that acts as if it is a privilege for foreigners to lend to it, and a deluded country that believes that foreigners will continue to accumulate US debt until the end of time.

The fact of the matter is that the US is bankrupt. David M. Walker, Comptroller General of the US and head of the Government Accountability Office (GAO), in his December 17, 2007, report to the US Congress on the financial statements of the US government noted that "the federal government did not maintain effective internal control over financial reporting (including safeguarding assets) and compliance with significant laws and regulations as of September 30, 2007." In everyday language, the US government cannot pass an audit.

Moreover, the GAO report pointed out that the accrued liabilities of the federal government totaled approximately $53 trillion as of September 30, 2007. No funds have been set aside against this mind boggling liability.

Just so the reader understands, $53 trillion is $53,000 billion. Frustrated by speaking to deaf ears, Walker recently resigned as head of the Government Accountability Office.

As of March 17, 2008, one Swiss franc is worth more than $1 dollar. In 1970, the exchange rate was 4.2 Swiss francs to the dollar. In 1970, $1 purchased 360 Japanese yen. Today $1 dollar purchases less than 100 yen.

If you were a creditor, would you want to hold debt in a currency that has such a poor record against the currency of a small island country that was nuked and defeated in World War II, or against a small landlocked European country that clings to its independence and is not a member of the EU?

Would you want to hold the debt of a country whose imports exceed its industrial production? According to the latest US statistics as reported in the February 28 issue of Manufacturing and Technology News, in 2007, imports were 14 per cent of US GDP and US manufacturing comprised 12 per cent of US GDP. A country whose imports exceed its industrial production cannot close its trade deficit by exporting more.

The dollar has even collapsed in value against the euro, the currency of a make-believe country that does not exist: the European Union. France, Germany, Italy, England and the other members of the EU still exist as sovereign nations. England even retains its own currency. Yet the euro hits new highs daily against the dollar.

The author was Assistant Secretary of the Treasury in the Reagan administration. He was Associate Editor of the Wall Street Journal editorial page and Contributing Editor of National Review. He is co-author of The Tyranny of Good Intentions.

Noam Chomsky recently wrote that America thinks that it owns the world. That is definitely the view of the neoconized Bush administration. But the fact of the matter is that the US owes the world. The US "superpower" cannot even finance its own domestic operations, much less its gratuitous wars except via the kindness of foreigners to lend it money that cannot be repaid.

The US will never repay the loans. The American economy has been devastated by offshoring by foreign competition, and by the importation of foreigners on work visas, while it holds to a free trade ideology that benefits corporate fat cats and shareholders at the expense of American labour. The dollar is failing in its role as reserve currency and will soon be abandoned. When the dollar ceases to be the reserve currency, the US will no longer be able to pay its bills by borrowing more from foreigners.

I sometimes wonder if the bankrupt "superpower" will be able to scrape together the resources to bring home the troops stationed in its hundreds of bases overseas, or whether they will just be abandoned.

(unquote)

______________________

*Editor's note-- Keep in mind that the reprinted article was published on an Islamic news website located in India several months *before* the American people witnessed any severity of the economic problem and before taxpayers were hit with a $770 billion bailout demand later in 2008 during the Bush administration, and signed off by the majority of both the Republican and the Democratic Parties.

Who knew what, when, and for how long?
Who knows what is the best solution for America?
Who will stand together on the Homeland in defense of America? It is good to know that we are not alone.

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