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Old 10-02-2011, 04:50 PM   #23
RildFiemodo

Join Date
Oct 2005
Posts
438
Senior Member
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US Debt Gone Bad(1) After 2005 US debt started to increase more rapidly then the usual rise.
(2) Around the same time the GDP (total goods and services produced by them) growth rate became slow.
(3) US debt might have crossed its GDP. (It is unlikely that the secret might be kept for long.)
(4) Dot Com Bubble and the Housing Sector Bubble both went bust precipitating 2008 Depression. (Officially US is out of that-whatever is meant by that.)
(5) Federal US Government spent $1.6tn, that is, $1600bn to battle the financial crisis.
(6) This resulted in lower tax returns and in turn hitting the people.
(7) Add up the $1.25tn, that $1250 bn spent on wars in Iraq and Afghanistan. (Strange that the victims do not think that US is at war with them!)
(8) Good Samaritan G.W.Bush had even slashed tax to help his beloved people! (Normally when you are going to war you'd expect to pay at least financial price as an individual.)
(9) Unemployment increased. This meant two things. One more expenditure on benefits to the unemployed and lower tax returns to the government. In short deepening of crisis.
(10) Half of budget is mandatory-means not cut possible.
(11) In the rest half fifty percent is defense. This too can not be cut.
(12) Being the growth based economy the budget deficit is managed by the growth money-ther very thing that is disappearing.
Right now state of union is in REALLY bad shape. One of my coworkers always goes on and on about how we need to go to washington and demand an end to the wars so we can utilize that money domestically. I said its not just the money, its also the cries of the oppressed, the cries of all of those children we made orphans, the cries of all of those women we made widows, the cries of all of those parents who saw their children die right before their eyes or are now dealing with children who are severely ill because of what we did, their cries cannot be calculated on spreadsheets but there is no veil between them and God. Coworkers began to cry. We have to apologize for our actions and try to make ammends for what we did, this is the first step. Otherwise, the only way I see America even remaining on its feet in the future is because Dajjal needs a support system behind him, thats the only thing that crosses my mind.

US Dollar is tied to oil - oil is the greatest commodity traded in the world since ww2 and is only sold in us dollars - as long as dollar is tied to gold it can devalue to garbage yet people will still be forced to buy dollar first in order to buy oil.
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