America Warned Is Just Months Away From Financial Armageddon


The plan of the American Progressives, led by President Obama, to plunge the United States into economic chaos in order for their being able to ‘rebuild’ it from ‘the bottom up’ appears to be nearing success as new warnings have been issued stating that they are just months away from financial Armageddon.

American Progressives advocate changes to society through more governmental action and stand sharply opposed to Conservatives who advocate for minimal and gradual change through less governmental action.

Nationwide polls conducted this past year in the United States show the vast majority of their citizens support the Conservatives (42%) with support for Progressives amounting to barely 20%.

The type of government the American people say they want, however, stands in sharp contrast to who they have elected to lead them as their President and both Houses (Senate and House of Representatives) of Congress are currently controlled by Progressives.

Elections in the United States this past November did return the US House of Representatives to the control of Conservatives, but this attempt by the American people to ‘adjust the course’ of their Nation to avoid total economic collapse appears to be ‘too little, too late’.

The reason for this being so lies in a new tax bill currently wending its way through the US Congress that the Global credit agency Moody’s has warned, if it passes, and Obama signs it into law, the United States Aaa credit rating will most likely be cut and causing an inflationary spiral to hit the Americans the likes of which they have never seen.

Interesting to note is that at the same time the US is being warned its credit rating will be cut; Standard & Poor’s Ratings Services lifted Communist China’s long-term credit rating as that Nations holdings of United States debt reached a record $906.8 Billion.

Heedless to the warnings of its credit rating being cut, however, the American Progressives, and in spite of their achieving the highest federal budget deficit on record for November, launched a shocking new assault upon the US economy this week with a new $1.1 Trillion nearly 2,000 page spending bill they have not allowed the Conservatives to even read and vow to make it law before the end of the year.

Even worse for the United States is that it has to roll-over in the coming months Trillions of Dollars of debt estimated to be 27.8% of their entire Gross Domestic Product (GDP) at the same time Global markets have become alarmed over the Americans failure to control the biggest debt in their history and resulted in last weeks massive sell-off of US Treasury Bonds.

The Obama government responded to this massive sell-off by raising the interest rates on US Treasury’s to 6-months highs prompting David Bloom, currency chief at Hong Kong and Shanghai Banking Corporation (HSBC), to warn: “…if yields are rising because people think America’s fiscal situation is unsustainable, then its Armageddon.”

The inflationary spiral warned to hit the United States couldn’t come at a worse time as aside from the tens-of-millions who have already lost their homes in the greatest housing rout since the Great Depression, over 5.2 million Americans are said living in homes 60-90 days past due on their mortgages.

Equally worse to hit the Americans is what Dan Akerson, chief executive of General Motors, warned is the coming “gas price shock” he is preparing his auto company for by hiring 1,000 engineers and researchers to quickly build more fuel efficient vehicles as these people will no longer be able to afford to drive what they now own.

Important to note about the dire straights the Progressive’s have put the American economy into is no less a person than the United States top military officer,  Admiral Mike Mullen, Chairman of the Joint Chiefs of Staff, who in a recent warning stated that the US debt has now become the single biggest threat to their National security.

Most unfortunately for the American people is their continued blindness to the grave state their once great Nation is now in, and their continued allowing of their Nation to be looted for the sole benefit of their elite Progressive ruling classes that defies all explanation, especially in light of the violent protests erupting all across the European Continent against these so called ‘banksters’ who are continuing to loot the wealth of the West to line their own pockets.

To the bankers of today supported most strongly by the Obama regime and his Progressive allies, the 7th President of the United States, Andrew Jackson, fought against in the early 1800’s and whose words from those days echo forward to a new generation of Americans:

“Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.”

Sadly, today, and as over 50 million Americans are reported are in danger of starving, the lessons of their ancestors have not been heeded, creating the strong likelihood that these once great people have in effect become nothing more than slaves to their new bankster masters.

7 Responses

  1. builder says:

    When I dreamt I was in 2014, there was a sophisticated car pool system. I learned a typical luxury car cost a million dollars, so that’s a bit of inflation. People were happy and busy, although there was an atmosphere of austerity. It seemed to be a recovery period. The most important thing was a historic event called “The Change”. The way people talked, it must have been the biggest thing ever. A very good thing.

  2. The next financial and economic crisis will be tax foreclosures. Even though peoples homes are paid for, they will not be able to aford to pay the property taxes, because of spiraling tax rates, reduceed incomes due to inflation or currency devaluation, job loses, part time workers, and people working for less money. With the local governments facing huge deficits, they will have no other choice but to raise property taxes to service the debts to the bondholders. Many people will lose their homes to tax foreclosure. All these tax foreclosed homes will be put on the auction block down at the court house and sold to the highest bidder, which will drive the price of houses down even further. The local governments will be forced to file chapter 11 bankruptsy in the end and the bondholders will be lucky if they get 10 cents on the dollar.

  3. hungry4food says:

    Glenn Beck this needs to be your NEW Mission , like Soros this man is Just as Dangerous too the Method of Destroying America , and you need to bring this guys Motivation to the attention of the American People !!!!!

    This is the NEW YEARS Resolution for the 21st Century

    This is why we see no recovery in our Economy . and these guys have control of the Financial system and the main human need of our Modern Daily Lives . Until we alter this we will be their Slaves . Its time to alter this Plight !!!

    And this Guy has the Ear of Our President and has been Instrumental in drafting the tons of New Legislation we have seen the past 2 years , so you can see why we have the stalled economic recovery. These guys have Instrumentally through the financial sector in which they now control credit issuance of are holding the economy in the grip of their ideology , and that is our Biological conundrum we are dealing with today .
    Selected Ehrlich Quotes

    “Actually, the problem in the world is that there is much too many rich people…” – Quoted by the Associated Press, April 6, 1990

    “Giving society cheap, abundant energy would be the equivalent of giving an idiot child a machine gun.” – Quoted by R. Emmett Tyrrell in The American Spectator, September 6, 1992

    “We’ve already had too much economic growth in the United States. Economic growth in rich countries like ours is the disease, not the cure.” – Quoted by Dixy Lee Ray in her book Trashing the Planet (1990)

    “The battle to feed humanity is over. In the 1970s, the world will undergo famines. Hundreds of millions of people are going to starve to death in spite of any crash programs embarked upon now. Population control is the only answer.” – Ehrlich in his book, The Population Bomb (1968), predicting widespread famine that never materialized

    This is the NEW YEARS Resolution for the 21st Century

    Whats stalling the Progress of mankind today is the type of Energy we use , who controls the creation of it and who controls the Finance of the production of it , this is Slavery by Forced Physics !!! So those 2 things we must alter if we the people want to alter what we have become slaves too slaves in the sense that we are being forced to use whats being made available !!!!
    Here is technology that can alter the use of our petrol dollars . We can make our own Banking and Financial means to finance the innovation of this New Technology !!!!!

    Here is technology that can alter the use of our petrol dollars . Just think how the Idea here with the financial state banking idea , We don’t need a Goldman Sacks , we can just do this WITHOUT THOSE CONTROLLED FREAKS , , that could help bridge the finance of this type of integrated Electric car market so as we work to redirect the capital flows that are now going towards Foreign Oil Imports that the State banking concept could be the conduit for consumers to access funding that would be for electric auto purchases .
    This New Technology if integrated as a Re-charging part on board that can re-charge the battery on-the-go , rather than have to plug in the car to recharge the battery at home or in town would be a better way than what is being planned today to meet these needs . The extra Expense plus the Expansion of our electric grid and Increased use of fossil fuel to generate the needed increase in electricity by having to re-charge the car battery at home or at destination centers in our towns would be not needed with this type of technology in the car as the primary on-the-go re-charging unit for the car battery . Check this out ;

  4. marianne says:

    If the United States economy collapses, then the world will collapse.

    There are too many countries depending on, and connected to, America.

    If one falls, they will all fall.

  5. marv. says:

    There is so much to do . . .so little time! Controlled media keeps the masses enter-
    tained and if that fails . . .”we’ll get them at church”. Keep us fed, warm at night and able
    to look forward to sex on Saturday night and “THEY” can do what they want with us. A
    very scary time . . .I worry for children and G’children.!! What to do?? Leaders?? Where
    are they?

Leave a Reply

© 2010 Pakalert Press. All rights reserved.