True state of the economy
You better be darn scared
By:
Devvy
January 17, 2011
The damnable lies that continue out
of lazy, corrupt media mouthpieces regarding the true state of the
economy is nothing short of reprehensible. We expect politicians to
lie every time they open their mouths. We expect ethically bankrupt
crooks like Ben Bernanke and Timothy Geithner to lie every time they
open their mouth to protect their banking interests. However, a free
media is supposed to be the watch dog for government corruption and
report the facts, not propaganda. Not so for a long, long time for
what is known as the "mainstream" media. Fools they are
because like tens of millions of others, they will also be reduced to
penury. Lackeys for their corporate masters no longer question
numbers; perhaps they are as ignorant as the majority of adults in
this country when it comes to fiat currency and taxation.
The pathological liar camped out in the White House recently upchucked,
"'We're digging ourselves out of a hole"'
when the fake unemployment numbers allegedly show the jobless rate
had dropped to the lowest level for 19 months. Bernanke, master in
the art of deception, was pumping more false hope last month: "The
Chairman of the Federal Reserve Ben Bernanke says until the U.S.
economic system is completely stabilized, the country will be slow to
climb completely out of its latest recession and that could mean high
unemployment rates for a few more years. A native of Dillon, Bernanke
made the remarks during a rare interview on CBS’ “60 Minutes,”
which aired Sunday night."
Geithner
says the U.S. government is broke, but look at his role in
facilitating the coming collapse! Everything done by the private
banking cartel [FED] with the full cooperation of Geithner is exactly
the same destructive path taken by FDR. One of the most accurate and
comprehensive writings on how the "New Deal" made the
situation even worse back during the "Great" Depression is
a piece by Lawrence W. Reed titled, Great
Myths of the Great Depression. You will see the same programs
touted by the communist in the White House are near twins of the
failures promoted by FDR. While Lawrence's piece is 16 pages, it is
well worth the time to get a good education on what didn't work and
actually prolonged the depression by a decade. We are reliving
history.
More lies from the media:
"The nation's unemployment rate is 9.8 percent. South
Carolina's unemployment rate stands at 10.2 percent. Bernanke says
what concerns him now is the length of time many America's have
been out of the workforce."
Unemployment in this country
is at depression levels. By 1933, unemployment peaked at 25%. The
criminal syndicate out in DC ("our" government) claims
unemployment is 9.8%. Really? The "official" unemployment
number is 14, 443,867 Americans out of work. The actual number is 25,
684,164. Staggering numbers. 25.6 MILLION Americans have no jobs
thanks to the Outlaw Congress and reckless spending by the states.
Stabilize the economy? Pray tell, Bernanke, how will do you
that without jobs being created? How will you do that when ONE
MILLION homes were foreclosed on last year and an estimated 20
MILLION homeowners will have underwater mortgages by the end of 2011?
Someone tell me how you grow the economy with those numbers when the
only real wealth for most Americans is their home?
"RealtyTrac® (www.realtytrac.com), the leading online
marketplace for foreclosure properties, today released its Year-End
2010 U.S. Foreclosure Market Report™, which shows a total of
3,825,637 foreclosure filings — default notices, scheduled auctions
and bank repossessions — were reported on a record 2,871,891 U.S.
properties in 2010, an increase of nearly 2 percent from 2009 and an
increase of 23 percent from 2008. The report also shows that 2.23
percent of all U.S. housing units (one in 45) received at least one
foreclosure filing during the year, up from 2.21 percent in 2009,
1.84 percent in 2008, 1.03 percent in 2007 and 0.58 percent in
2006.
"Foreclosure filings were reported on 257,747 U.S.
properties in December, a decrease of nearly 2 percent from the
previous month and down 26 percent from December 2009 — the biggest
annual drop in foreclosure activity since RealtyTrac began publishing
its foreclosure report in January 2005 and giving December the lowest
monthly total since June 2008.
"December Default notices
(NOD, LIS) decreased 4 percent from the previous month and were down
35 percent from December 2009; Scheduled foreclosure auctions (NTS,
NFS) decreased 3 percent from the previous month and were down 20
percent from December 2009; and bank repossessions (REO) increased
nearly 4 percent from the previous month — thanks in part to
substantial month-over-month increases in some states such as Nevada
(71 percent increase), Arizona (52 percent increase) and California
(47 percent increase) — but were still down 24 percent from
December 2009.
"Foreclosure filings were reported on
799,064 U.S. properties in the fourth quarter, a 14 percent decrease
from the previous quarter and an 8 percent decrease from the fourth
quarter of 2009. The fourth quarter total was the lowest quarterly
total since Q4 2008.
“Total properties receiving foreclosure
filings would have easily exceeded 3 million in 2010 had it not been
for the fourth quarter drop in foreclosure activity — triggered
primarily by the continuing controversy surrounding foreclosure
documentation and procedures that prompted many major lenders to
temporarily halt some foreclosure proceedings,” said James J.
Saccacio, chief executive officer of RealtyTrac. “Even so, 2010
foreclosure activity still hit a record high for our report, and many
of the foreclosure proceedings that were stopped in late 2010 —
which we estimate may be as high as a quarter million — will likely
be re-started and add to the numbers in early 2011.”
More and more Americans have been forced to borrow from their
retirement accounts. Wow,
you can borrow your own money at a small interest rate! More
borrowing, more debt. To buy food or keep their homes from foreclosure.
Stabilize the economy while the Outlaw
Congress picks our bones in taxes while liars like John Boehner and
Eric Cantor tout cuts in spending instead of reducing the size of
government by abolishing unconstitutional cabinets like the "Federal"
Department of Education which sucks down $66 BILLION BORROWED dollars
a year? Same old rhetoric. America just reelected 82% of incumbents
back to the Outlaw Congress! Now
you expect them to reduce the size of government with more Band Aids?
Tell me how you're going to
stabilize the economy when we the people have been dragged against
our will into global financial instruments sucking the lifeblood out
of this country?
Tell me how you stabilize the economy when the cost
of food is going through the roof and will continue to rise to the
point where average working families will go hungry in a land so rich
in human and natural resources? We are prepared with food storage,
but tens of millions of Americans live paycheck to paycheck and have
nothing left to stock up on food. The
cost of everything is going up
because the value of that paper "dollar" in your wallet
continues to go down. As the price of oil continues to rise, so
will
the price at the grocery store. Because of failed crops due to
weather (manipulation), the cost of healthy, fresh food will continue
to skyrocket because that "dollar" in your wallet continues
to lose value.
Think 25.6 MILLION unemployed Americans have money for spending
other than bare life essentials? Tell me how you stabilize the
economy when millions of Americans who have lost their homes have no
disposable income, many living in tents or their cars?
Tell me
how you can stabilize the economy when social security and Medicare
are $99 TRILLION dollars in liabilities, not to mention prescription
pill liabilities at $19.5 TRILLION dollars? 10,000 "baby boomers" are
retiring everyday. There isn't enough paper to print more debt currency
to cover those
debts. A thermonuclear bomb is ticking just waiting to go
off.
To all the geniuses in the Outlaw Congress, Bernanke,
Geithner and other liars, tell me how you're going to stabilize the
economy when faced with numbers that could out number the stars in
the universe? Oh, I know! Spend your way out of debt! That is precisely
how the planned destruction of our economy is unfolding. Make no
mistake: The bankers are getting theirs first while the rest of us are
being reduced to poverty.
Are you following the riots in countries like
Greece, Italy and Ireland? Think it won't come to America? Think
again. Those socialist countries are buried in oceans of unpayable
debt due to overspending and because they are socialist governments
that will always go bankrupt. Their citizens are in an uproar because
they see their "entitlements" on the chopping block. Think it won't
come to the states that
are on the brink of total insolvency? Empty bellies make for angry mobs.
I know time is an issue,
but everything you've ever worked for is being stolen by a system of
corruption and greed facilitated by the Outlaw Congress, the fraud in
the White House and all past presidents since 1913. All of them,
including darling of the right, Ronnie Reagan, have lied to the
American people about the income tax, have done nothing (except Rep.
Ron Paul's persistent campaign against the "Fed") to
correct the disabilities of our monetary system, have killed millions
of jobs with unconstitutional treaties and the list goes on and on.
Below are just a small sampling of the truth about what's underway
and can't be stopped because the numbers are too big and so is the
level of systemic corruption.
"It is natural for man to indulge in the illusions of hope. We are apt
to shut our eyes against a painful truth, and listen to the song of
that siren till she transforms us into beasts...Suffer not yourself to
be betrayed with a kiss." Patrick Henry, Speech on the Stamp Act,
Virginia Convention, March 23, 1775
In many columns I
have recommended people get their affairs in order because our
situation is only going to get worse, not better. Not for a long time
to come. I've been so fortunate to have learned from brilliant scholars
like Dr.
Edwin Vieira about our monetary system. While I'm not a financial
analyst (and having nothing to sell), I've also learned why it's
so important to protect your assets with precious metals like gold.
From personal experience I can tell you had I not listened to my good
friend, Harvey Gordin, (my
story here)
we would be like the thousands in Natomas Park (Sacramento) with a
underwater
mortgage:
"I
am just going to swallow my pride and walk out. I have to. The
market for homes is not going up."-- Tasha McLaughlin, 33, of
Sacramento, Calif. discussing with the Wall Street Journal her home,
bought for $256,000 in 2004 and now worth less than $80,000.
Harvey
began educating me back in 1998 about precious metals and I'm so glad
I listened, not just to him, but also, Bob Chapman, who pens the
International Forecaster.
What happens if (or, perhaps, when) states begin to default
because they're drowning in debt for public pensions and dried up tax
revenues because millions in their state are unemployed? What happens
when Uncle Sugar can no longer print enough confetti to satisfy
debtors? Do even know where your 401(k) retirement is invested? Most
people don't have a clue nor do they even understand markets or
investing. Will you let your 401(k)
again hemorrhage thousands of dollars or will you take control of what
you
have left and put it into gold (and silver)? Besides bullets and seeds for a garden this year,
are you going to protect your assets? Americans should be scared to
death about
what is underway because the lies coming out of the media and paid
mouthpieces on cable TV are just that.
It makes me sick to my soul that so many Americans are either
blind to the truth or simply don't understand the threat to their
future is very real. Many states will be introducing sound money
bills and let us pray they get passed, but it's almost too late.
Again, I can't recommend highly enough the 4 DVD set, The
Purse and the Sword, featuring Dr. Edwin Vieira. It truly is the quintessential learning tool for Americans and state legislators.
Forget the Outlaw Congress. With the exception of a few like Ron and
Rand Paul, most are illiterate when it comes to economics and the
rest are simply corrupt.
Back in February 2007, Edwin wrote a column titled, The
Shearing is Nearing. He was spot on and so is Harvey Gordin when
it comes to understanding owning gold. Too many Americans simply
don't understand it does no good to have $50,000 or $200,000 in their
401(k) or savings account if that paper is worthless. If you are
worried about your assets, give Harvey a call at 602.228.8203 or visit his web site. Despite
attempts over the past several years to suppress the price of gold by
manipulating the market, the
price will continue to rise as
it has for the past decade. I hope the links below will drive
home the urgency of self survival because that's what it will come
down to in this country. Not a pretty picture, but hiding from
the
truth won't make the ugliness go away.
Savvy investors understand why owning
gold is critical:
1
- Gold
Versus Defective Economists and Delusional Leaders on Drugs
2
- John
Williams Eyes Gold as Insurance Against Hyper-Inflation
Armageddon
3
- Gold
Is George Soros' Biggest Holding
4
- Gold
Will Outlive Dollar Once Slaughter Comes
5
- Demand for gold surges 36% in the second quarter
1 - Ignore
DANGER Signs of The Coming Financial Catastrophe (2004)
2 - Are
Monetary & Banking Crises Inevitable in the Near Future? (March
2005)
3 - Retirement
account fantasy and middle class erosion – 1 out of 3 Americans has zero
dollars in a retirement account. From 1950 to 1989 top 1 percent earned roughly
7 to 8 percent of nationwide income. Today it is inching closer to 20
percent
resembling pre-Great Depression levels. (2010)
Fast forward. When I say the rooster
has come to
croak, believe it.
1
- Who's Lying?
2
- “I
Am Deeply Embarrassed By This IDIOT Who’s Totally
In The
Service of the Bankers” (January 2011)
3
- Broke
and Hungry: This Chart Says It All
4
- 2,000
show up at Tulsa food pantry; only 375 boxes of food
5
- An
Avalanche of Liquidity Threatens Us With Inflation
Bob Chapman
Report - January 5, 2011
6
- Confirmed:
We’re Literally On the Brink of Catastrophic Collapse
7
- Home
Prices Decline for Fourth Month
8
- America
has ‘reached the point of no return,’
Reagan budget
director warns (Jan. 2011)
Devvy Kidd authored the booklets, Why A Bankrupt America and Blind Loyalty; 2 million copies distributed. Devvy appears on radio shows all over the country. She left the Republican Party in 1996 and has been an independent voter ever since. Devvy is a constitutionalist who believes in the supreme law of the land, not some political party.
Visit Devvy's website at: https://devvy.com. You may also sign up for her free email alerts.
Share
Copyright © 2011 Devvy Kidd
All rights reserved. |