From the rants and observations series.
Our honored Guest and owner of the site named BabylonToday, dropped us a line 2 weeks or so ago to warned us of the following: In the next day or two Treasury will post interest for December 2005. I suspect it could run over 100 billion for Dec. alone, since this is one of two fat months (also June) for interest. ... So we went to the gov site where we read the shocking truth: December $ 92,920,923,827.69
Our pal's estimate was nearly correct. That the amount wasn't over $100bn shouldn't us any sense of a respite, we are dealing with an administration out of control and ready to borrow us into oblivion.
The more frightening is to see the jump over the last 18 years. December 2005 alone represents more or less 40% of the interests paid for the whole year of 1988 and which were: $214,145,028,847.73.
In one month!!
Also worrying is when we compare 92.9bn with $352,350,252,507.90 which is the amount of interest for the entire fiscal year of 2005, or nearly one thrid.
Sadly many americans are number blind when optimism lacks in the articles they read whatsoever: all what matters to them is that the Dow and the consumer conficence index perform well. And since it reached the 11,000 bench mark a few days ago, why bother? Right?!
Over the three last weeks alone, I have noticed the following:
That according to Siglitz, the Nobel prize-winning economist and probably the most vocal against WB and IMF, Iraq war could cost US over $2 trillion.
That the U.S trade deficit with China et al is now $700bn with no sign of slowing down; the federal budget deficit expected to balloon back above $400 billion for the fiscal year 2005 ... and finally Congress urging to raise the debt cealing which stands today at $8trillion-plus to avoid an unprecendent default.
Meanwhile Wall Street Gurus pat themselves on the back for having pocketed $21.5bn in bonuses for their own fiscal year 2005, all this at the expense of a middle-class caught in the inferno of debt and inflation, in other words on its death bed but which is paradoxically very proud to have achieved the American Dream of home ownership and being able to afford their kids' high education degrees.
High education?! Yes, dear readers the conventional wisdom has defined as **high education** the knowledge allowing such aberations to exist. People get college degrees to feed a monetary monstrousity. The only real money - that having an intrisic value besides gold and silver - in the world are the banking interests, odious sweat money. Eventually the compounding interests will gobble us all. I am not talking of some far way probability but "a" day of reckoning lying right around the corner.
If you wish to help stop the insanity, please email us at interest_free_money@juno.com
Our honored Guest and owner of the site named BabylonToday, dropped us a line 2 weeks or so ago to warned us of the following: In the next day or two Treasury will post interest for December 2005. I suspect it could run over 100 billion for Dec. alone, since this is one of two fat months (also June) for interest. ... So we went to the gov site where we read the shocking truth: December $ 92,920,923,827.69
Our pal's estimate was nearly correct. That the amount wasn't over $100bn shouldn't us any sense of a respite, we are dealing with an administration out of control and ready to borrow us into oblivion.
The more frightening is to see the jump over the last 18 years. December 2005 alone represents more or less 40% of the interests paid for the whole year of 1988 and which were: $214,145,028,847.73.
In one month!!
Also worrying is when we compare 92.9bn with $352,350,252,507.90 which is the amount of interest for the entire fiscal year of 2005, or nearly one thrid.
Sadly many americans are number blind when optimism lacks in the articles they read whatsoever: all what matters to them is that the Dow and the consumer conficence index perform well. And since it reached the 11,000 bench mark a few days ago, why bother? Right?!
Over the three last weeks alone, I have noticed the following:
That according to Siglitz, the Nobel prize-winning economist and probably the most vocal against WB and IMF, Iraq war could cost US over $2 trillion.
That the U.S trade deficit with China et al is now $700bn with no sign of slowing down; the federal budget deficit expected to balloon back above $400 billion for the fiscal year 2005 ... and finally Congress urging to raise the debt cealing which stands today at $8trillion-plus to avoid an unprecendent default.
Meanwhile Wall Street Gurus pat themselves on the back for having pocketed $21.5bn in bonuses for their own fiscal year 2005, all this at the expense of a middle-class caught in the inferno of debt and inflation, in other words on its death bed but which is paradoxically very proud to have achieved the American Dream of home ownership and being able to afford their kids' high education degrees.
High education?! Yes, dear readers the conventional wisdom has defined as **high education** the knowledge allowing such aberations to exist. People get college degrees to feed a monetary monstrousity. The only real money - that having an intrisic value besides gold and silver - in the world are the banking interests, odious sweat money. Eventually the compounding interests will gobble us all. I am not talking of some far way probability but "a" day of reckoning lying right around the corner.
If you wish to help stop the insanity, please email us at interest_free_money@juno.com
Stop this insanity!!
ReplyDeleteCalls for drastic measures
a) Relect new Congressmen, Senators and of course a New President who do not owe allegiance to Israel and who think for and act for Americans
b)Repeal the Federal Reserve Act of 1913. Tell that private bank to go fly a kit and renege on debts to them.They have made enough money out of America.
c)Take time out from globalisation (which was spreading US dollars around the world)for a decade and create jobs for Americans
d)Stop meddling in the affairs of other countries. Stop supporting Israel at the cost of the rest of the middle east.
e) Stop playing the world's policemen
f) Close down the 130 odd military bases in other parts of the world
g) Learn to live within one's means
h)Reduce miltary expenditure ( US defense expenditure equals the amount spent by the rest of the world)
i) To have a peacefull world offer to reduce the no of nukes to zero over a period of time. Lead the way and ask others to do the same. So long as the Us is the bully everyone will want to have nukes.
Nathan
Wake up America and smell the coffee. Dollar imperialism is coming to a swift end. In march of this year Iran opens its OIL BOURSE. It will sell its Oil for euro's a threat to the petro dollar. The last brave soul to do this was Mr Hussein. Is it any wonder King Bush is drumming his war tom tom against Iran in the disguise of natioanl security ? If Russia and China have anything to do with it, I don't think they will sit back on this one. Gold will skyrocket to over $700 this year and Oil maybe to $100 if this boils over. Protect your buying power, INFLATION is rampant, something Wall Street and the FED refuse to admit because it would reveal the fraudelent currency that we have which is mereley an IOU NOTHING. How convienent . Ink on paper costing nothing to make yet charged interest to borrow it and calling it money. What are we thinking. Talk about trillions. trillions of what digits on a pc screen fashioned out of thin air.
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