Federal Debt Up $7 Trillion Under Obama
Posted in the Top Stories Forum
#2 Aug 4, 2014
The Coming Global Wars Will End the U.S. Empire
Written by Damon Geller
"Israel has engaged in another war with the Arabs. A commercial jet shot down in Ukraine has ignited U.S. conflict with Russia. Islamic terrorists have seized a huge portion of Iraq and we're being dragged back in. The U.S. once again launches into global warfare from many angles at the same time. Whether were spreading democracy and liberty or simply protecting our dollar & oil interests, our ability to save the U.S. economy by drumming up war has come to an end. Experts now say that trillions of dollars in Fed paper money-printing, a jobless "recovery," and unsustainable levels of record-debt have pushed the U.S. beyond the point of return. Not only will the coming global wars NOT produce the economic stimulus of previous wars, it will end the American Empire.
The Economic Stimulus of War
Its a widely known fact that war serves as economic stimulus. World War II, for example, famously ended the decade-long Great Depression. When the nation goes to war, government spending causes a dramatic increase in manufacturing, jobs and overall economic activity. The Iraq War alone put several trillion dollars into the U.S. economy. So as the U.S. launches into the burgeoning crises in Israel, Ukraine, Iraq, Syria, and elsewhere, the powers-that-be are licking their chops at the prospect of pumping trillions of phony dollars into the choking economy.
But the problem of any government stimulus program is that it comes with a major cost: crippling debt. Putting aside the human costs of war, war-debt dramatically debases the dollar and puts the nation in a hole that takes decades to dig out of. In the past, the U.S. has been able to recover from its war debts. But times have changed. Trillions of dollars in Fed paper money-printing, a jobless "recovery," and unsustainable record debt have pushed the U.S. beyond the brink. Not only have we lost the ability to fund a major war, war can no longer produce the economic stimulus of previous wars.
Weve Already Lost the War on Debt
Right before the U.S. launched into the unfunded wars in Afghanistan and Iraq, the U.S. debt stood at just over $5 trillion. After a decade of war and other stimulus programs, the U.S. debt has more than TRIPLED to $17 trillion, on its way to $28 trillion by the time the next president takes office. Just look at how debt has skyrocketed since the war drums started beating:
Protecting Your Savings & Retirement during Times of War
War is never predictable, but very predictable things happen in markets when we go to war. There is a fear trade or risk-off trade that happens every time. Equity markets collapse, and money flows to safe haven assets like U.S. treasuries, cash and gold. Of those three, which one are you most comfortable putting your savings & retirement? Lets examine
U.S. treasuries were a historically safe but low-return asset. But with the U.S. debt hitting $28 trillion by 2018 and the nation heading straight toward insolvency, who in their right mind would hand their savings & retirement money over to the U.S. government? Obama is so desperate to get you to buy U.S. treasuries that he launched his MyRA your savings pays for U.S. debt. No thank you.
Keeping money in cash is sometimes recommended by financial analysts as the safest way to preserve wealth, yet nothing could be further from the truth. Why? Because they ignore one HUGE liability of cash: REAL inflation. REAL inflation is killing this country, regardless of the lies we're being told. Whether food, housing, or education, were all choking on runaway inflation that is actually 5 times what the government claims!...."
#3 Aug 4, 2014
Don't know how much of that president Obama is actually responsible for, the debt was already way high before he took office. But even people like me who aren't given to conspiracy theories, it sure seems as if someone, somewhere, is trying to engineer the imminent downfall of America. Drive our debt so high it's out of the realm of comprehension, combined with having most everything in this country owned by a foreign investors China, etc. I guess the conspiracy ceases to be a theory as soon as it's proven true!
#4 Aug 4, 2014
why is USA still called Superpower when its debt is $17 trillion ?
Superpower is very powerful and very rich, right ?
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