China Has Its Own Debt Bomb
Since 2007, the amount of new credit generated annually in China has more than quadrupled to 2.75 trillion dollars. To keep China’s economy growing, since the 2008 global financial crisis, panicked Chinese officials launched a half-trillion-dollar stimulus; however, today, China’s total public and private debt has exploded to more than 200% of GDP. Of course, China has slave labor; thus, they will get through it just fine.
Fed Faces Explaining Billion-Dollar Losses
Benji Bernanke’s reckless efforts to rescue the economy could result in more than a half trillion dollars of paper losses on the central bank’s book. The potential losses are unprecedented in the Fed’s 100-year history. Look’s like these bastards could use some Obama money. But wait! According to the GAO, Obamacare is going to add 6.2 trillion dollars to the long-term deficit.
Late night personality Conan O’Brien showed a video showing over 15 different news outlets saying the same exact thing… You don’t need us to tell you that gas prices are back on the rise. This is obviously not coincidence, therefore, the question is… Who is writing those mass media news scripts?
Oh no, someone’s fat finger hit the wrong button because gold and silver prices were supposed to go down, not up. Oh wait, Officials at Goldman Sachs told their muppets err… clients to urgently sell gold and silver. That explains the upward price action completely.
50 Signs Of The Health Care Scam
Here are a few…
1. Medical bills have become so ridiculously large that virtually nobody can afford them.
2. 60% of all personal bankruptcies in the U.S. are related to medical bills.
3. 40% of all doctors in the U.S. are 55 years, or older.
4. The U.S. ambulance industry makes more money than the movie industry does.
5. Prescription drugs cost about 50% more in the U.S. than in other countries.
Section 8 Housing
Section 8, a slumlord’s dream come true, is destroying home values and driving up rental prices. The winners, of course, are real estate investors and those who get the vouchers to live in those dumps. The losers are real renters and the unfortunate neighbors of Section 8 housing who have dropping property values and higher crime. In addition, first-time home-buyers would be at a massive loss due to the competition of Section 8 housing acquiring foreclosed homes.
How bad must it be when Jimmy Carter, the dictator loving ex-president, to actually claim that the U.S., under the drone-loving coward Obama, is the most war-like nation on earth? Sadly, at this point, the U.S. has zero credibility on the worldwide stage except for the use of drones to kill, maim and traumatize innocent people in the acquisition for natural resources and printing Dollars to infinity and beyond.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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