Currently the US Government owes 4.4 trillion dollars to the Federal Reserve. If the Federal Reserve the was owned by the US Government would know not owe a debt to the Federal Reserve, but being that it is a privately owned cabal of families who have virtual global monetary dominion. The Federal Reserve is currently looking to dump 300 billion of this debt thanks to Quantitative Easing beginning in 2009 to China in order to earn 2% interest on US Federal government debt. Let that sink in. That interest will have to be paid by the US government back to the Federal Reserve. Keep in mind we already have a current national debt of more than 20 trillion.
Toxic bail out
Let us see where the road to eventual insolvency began in 2009. Rather than US Car makers GM and Chrysler working out their debt though negotiations with their creditors through Chapter 13. The US government wrote a check from thin air for 30 billion to GM alone. One might ask why Barack Obama’s 787-billion-dollar bail out included hundreds of millions to ABC, NBC, and CBS when these broadcasters weren’t even in financial trouble. You might ask why the promised 5% of the bailout to be used for national infrastructure was never even funded! You might enquire why millions more went to leftist magazines and websites who were broke and brandish anti-American sentiment were bailed out!
Funding massive default
In view of the unintended consequences of the Community Reinvestment Act legislated in 1979 to supposedly make the dream of home ownership possible for the under privileged it actually forced the banks to make billions of dollar worth of risky mortgages to be guaranteed by Fannie Mae and Freddie Mac among other federal guarantors. By 2004 bad loans that had been guaranteed by the two federal giants had been were stacking up at an alarming rate, yet Barack Obama who sat on the board along with Franklin Reins, Dodd, and Franks convened telling Congress and the American people that the two federal mortgage guarantee giants were too big to fail. Senator Obama received a 100-thousand-dollar bonus for his work. It was a lie. The dike was fast coming to the breaking point. To make matters worse Wall Street was bundling these loans together as Real Estate Securities tied to many elderly investors retirement plans. The result was the market collapse of major banks and lending institutions who had been selling bad investments when the house of cards fell.
Where as many in government and on Wall Street should have seen jail time, instead the first of several bail outs began. One might recall John Corzine, former governor of New Jersey who just couldn’t explain a missing 5 billion in funds that added to the Wall Street fall out! Yet, it was clear that with an incumbent President just inaugurated the party was just getting started! More deficits were to come faster and with less discretion than ever! The GOP was in a minority in Congress and there was no one who could get a handle on the spending.
Let us get back to the fiscal condition of the United States of America. The Democrats set a number of firsts that will probably never be surpassed again, not only because it would be catastrophic but because there would be no chance to amass that kind of debt again. Under President Obama record Food Stamp and Welfare spending increased to the largest levels in history! For the first time the US Government exceeded the earnings of the American private sector that was churning out a GDP of 14.5 trillion annually. The Obama administration topped that figure by spending more than 15 trillion yearly-a first! So the call for income taxes to increase was the next push by Obama and the Democrats along with ACA (Affordable Care Act) which ended up spending the estimated 940 billion projected by the Democrats for a 10-year budget in less than 2 years with cost overruns causing major insurers to withdraw from providing coverage due to the losses they could no longer incur!
Selling bad paper
Getting back to the Federal Reserve’s 4.4 trillion-dollar bill to the feds. They must now peddle more US debt to foreign nations like China who are less and less willing to buy more irresponsibly amassed debt by our government, and without selling our debt because they incessantly spend more than they take in from collecting taxes, a terrible reckoning is in order! Once US debt is no longer viably sellable to our foreign nation partners the crisis will begin!
The Democrats also set another first while President Obama told Americans that 1.5% economic growth was the new standard. The last 3 fiscal periods were at negative GDP! Since the US struggled under the Obama White House under the worst economic recovery since 1949 and the worst labor participation rate in 30 years this was not surprising, but with ineffective policies also came the alarming realization that without economic growth the US government would have even less to fund its deficit spending with! Yet, while the Democrats called for more income taxes, environmental fees, and employer regulations, job creation was falling behind even worse than before! It had once been funny to hear Obama blaming the previous Bush Administration, but after 4 bungling years the joke was growing old!
Why was there no call for the federal government to downsize, to control spending, to stop victimizing tax paying Americans with out of control social programs like funding the placement of Syrian refugees or Illegal aliens in Sanctuary Cities? Why, because these comprise the future voters that the Democrats must create in order to have an electorate! Any educated voter who has seen what their policies have done knows they are not worth a vote! Yet, by redistricting and acquiring those from regions who have no concept of Democracy or the American concept of freedom the Democrats would recruit voters uninformed enough to vote for the scourge to our nation that they would bring when in power!
In 2008 ABC issued a formal notice to their employees that voting for Barack Obama for President was the patriotic thing to do and required of them, yet the story no longer exists on the internet when it was common knowledge at the time. Did the unnecessary bail outs to the major news agencies not only buy influence for the Obama White House but also ensure that the new president would be shielded from tough questions and negative new coverage? Obviously! A soft coup over America had just taken place.
So, in view of all these facts, what is it we must glean from all this reprehensible conduct and dangerously reckless spending policy? What we must come to grips with is that there is no way out and it will simply be a matter of time until the US dollar is worthless, that the BRIC nations will provide another world reserve currency over the dollar, and that not only will Americans lose their buying power, but many trade privileges that came with US preferred reserve currency status will be gone! Panics seen in Egypt, Argentina, and Greece will be replayed on American soil and the outbreak of a federally deployed Martial Law across the country will be initiated to maintain law and order!
When families who can’t buy food to eat, pay their bills, or even buy gas for their cars ask what happened and who was responsible they need look only as far as their representatives in the House and the Senate. President Obama, whose spending brought a record 10 trillion to bear upon this nation as he protected his cronies and Chicago gang he brought with him while allowing radical Muslim infiltration of the White House and our intelligence services so that our soldiers died overseas and our citizens were murdered by Islamic terrorists and illegal aliens deported for crimes over and over again were allowed to victimize us! Not even in times of war was America so thoroughly compromised and in financial trouble while the criminals got away then we were from 2008 to 2016!
There is little chance of reconciliation or recovery as President Trump fights to implement sound economic measures with the first 3.3% economic growth in 9 years, but Obama appointees and judges throughout the system hamper his efforts and even the FBI has conducted a conspiracy against the current Commander in Chief. Congress shows no sign of slowing down its spending and the situation will not just disappear and go away. There are drastic measures to be taken that probably won’t be instituted until it’s too late. Keeping the American people ignorant with a media that totally supported the Obama White House and blinded the masses to the corruption and dangerous policies that were afoot was part of the soft coup instigated. The Democrats were opposed very little as the GOP put up token resistance when the RINO’s weren’t voting along with them.
We know that in history most great empires and kingdoms eventually fell not from the sword of the enemy but from sabotage from within. Archaeologists have found that by inducting large multiple cultures within who were not required to have allegiance or learn the national language that disunity prevailed. Traitors flourished and were not incriminated for their actions and criminal behavior became acceptable. We have seen every facet of this formula unfold under the Obama Administration with a vengeance. Their Cloward Piven tactics practically finished off what was left of the Republic! Only a short time remains as more spending with insane programs like DACA push the US financial system and buying power over the edge of the cliff. And, Americans too distracted, too disinterested, and too misinformed allowed the tragedy to unfold.