America’s Bubble Economy Is Going To Become An Economic Black Hole
May 25, 2013 by Administrator · Leave a Comment
What is going to happen when the greatest economic bubble in the history of the world pops? Themainstream media never talks about that. They are much too busy covering the latest dogfights in Washington and what Justin Bieber has been up to. And most Americans seem to think that if the Dow keeps setting new all-time highs that everything must be okay. Sadly, that is not the case at all. Right now, the U.S. economy is exhibiting all of the classic symptoms of a bubble economy. You can see this when you step back and take a longer-term view of things. Over the past decade, we have added more than 10 trillion dollars to the national debt. But most Americans have shown very little concern as the balance on our national credit card has soared from 6 trillion dollars to nearly 17 trillion dollars. Meanwhile, Wall Street has been transformed into the biggest casino on the planet, and much of the new money that the Federal Reserve has been recklessly printing up has gone into stocks. But the Dow does not keep setting new records because the underlying economic fundamentals are good. Rather, the reckless euphoria that we are seeing in the financial markets right now reminds me very much of 1929. Margin debt is absolutely soaring, and every time that happens a crash rapidly follows. But this time when a crash happens it could very well be unlike anything that we have ever seen before. The top 25 U.S. banks havemore than 212 trillion dollars of exposure to derivatives combined, and when that house of cards comes crashing down there is no way that anyone will be able to prop it back up. After all, U.S. GDP for an entire year is only a bit more than 15 trillion dollars.
But most Americans are only focused on the short-term because the mainstream media is only focused on the short-term. Things are good this week and things were good last week, so there is nothing to worry about, right?
Unfortunately, economic reality is not going to change even if all of us try to ignore it. Those that are willing to take an honest look at what is coming down the road are very troubled. For example, Bill Gross of PIMCO says that his firm sees “bubbles everywhere”…
We see bubbles everywhere, and that is not to be dramatic and not to suggest they will pop immediately. I just suggested in the bond market with a bubble in treasuries and bubble in narrow credit spreads and high-yield prices, that perhaps there is a significant distortion there. Having said that, it suggests that as long as the FED and Bank of Japan and other Central Banks keep writing checks and do not withdraw, then the bubble can be supported as in blowing bubbles. They are blowing bubbles. When that stops there will be repercussions.
And unfortunately, it is not just the United States that has a bubble economy. In fact, the gigantic financial bubble over in Japan may burst before our own financial bubble does. The following is from a recent article by Graham Summers…
First and foremost, Japan is the second largest bond market in the world. If Japan’s sovereign bonds continue to fall, pushing rates higher, then there has been a tectonic shift in the global financial system. Remember the impact that Greece had on asset prices? Greece’s bond market is less than 3% of Japan’s in size.
For multiple decades, Japanese bonds have been considered “risk free.” As a result of this, investors have been willing to lend money to Japan at extremely low rates. This has allowed Japan’s economy, the second largest in the world, to putter along marginally.
So if Japanese bonds begin to implode, this means that:
1) The second largest bond market in the world is entering a bear market (along with commensurate liquidations and redemptions by institutional investors around the globe).
2) The second largest economy in the world will collapse (along with the impact on global exports).
Both of these are truly epic problems for the financial system.
And of course the entire global financial system is a giant bundle of debt, risk and leverage at this point. We have never seen anything like this in world history. When you step back and take a good, hard look at the numbers, they truly are staggering. The following statistics are from one of my previous articles entitled “Why Is The World Economy Doomed? The Global Financial Pyramid Scheme By The Numbers“…
-$70,000,000,000,000 – The approximate size of total world GDP.
-$190,000,000,000,000 – The approximate size of the total amount of debt in the entire world. It has nearly doubled in size over the past decade.
-$212,525,587,000,000 – According to the U.S. government, this is the notional value of the derivatives that are being held by the top 25 banks in the United States. But those banks only have total assets of about 8.9 trillion dollars combined. In other words, the exposure of our largest banks to derivatives outweighs their total assets by a ratio of about 24 to 1.
-$600,000,000,000,000 to $1,500,000,000,000,000 – The estimates of the total notional value of all global derivatives generally fall within this range. At the high end of the range, the ratio of derivatives to global GDP is more than 21 to 1.
The financial meltdown that happened back in 2008 should have been a wake up call for the nations of the world. They should have corrected the mistakes that happened so that nothing like that would ever happen again. Unfortunately, nothing was fixed. Instead, our politicians and the central bankers became obsessed with reinflating the system. They piled up even more debt, recklessly printed tons of money and kicked the can down the road for a few years. In the process, they made our long-term problems even worse. The following is a recent quote from John Williams of shadowstats.com…
The economic and systemic solvency crises of the last eight years continue. There never was an actual recovery following the economic downturn that began in 2006 and collapsed into 2008 and 2009. What followed was a protracted period of business stagnation that began to turn down anew in second- and third-quarter 2012. The official recovery seen in GDP has been a statistical illusion generated by the use of understated inflation in calculating key economic series (see Public Comment on Inflation). Nonetheless, given the nature of official reporting, the renewed downturn likely will gain recognition as the second-dip in a double- or multiple-dip recession.
What continues to unfold in the systemic and economic crises is just an ongoing part of the 2008 turmoil. All the extraordinary actions and interventions bought a little time, but they did not resolve the various crises. That the crises continue can be seen in deteriorating economic activity and in the panicked actions by the Federal Reserve, where it proactively is monetizing U.S. Treasury debt at a pace suggestive of a Treasury that is unable to borrow otherwise.
And there are already lots of signs that the next economic downturn is rapidly approaching.
For example, corporate revenues are falling at Wal-Mart, Proctor and Gamble, Starbucks, AT&T, Safeway, American Express and IBM.
Would revenues at Wal-Mart be falling if the economy was getting better?
U.S. jobless claims hit a six week high last week. We aren’t in the danger zone yet, but once they hit 400,000 that will be a major red flag.
And even though we are still in the “good times” relatively speaking, the federal government is already talking about tightening welfare programs. In fact, there are proposals in Congress right now to make significant cuts to the food stamp program.
If food stamps and other welfare programs get cut, that is going to make a lot of people very, very angry. And that anger and frustration will get even worse when the next economic downturn strikes and millions of people start losing their jobs and their homes.
What we are witnessing right now is the calm before the storm. Let us hope that it lasts for as long as possible so that we can have more time to prepare.
Unfortunately, this bubble of false hope will not last forever. At some point it will end, and then the pain will begin.
Source: The Economic Collapse
Is America’s Economy Being Sovietized?
May 22, 2013 by Administrator · Leave a Comment

The foundation of the Soviet model of trade and investment was centralization under the guise of “universal public ownership”. The entire goal of communism in general was not to give more social and political power to the people, but to extinguish alternative options and focus power into the hands of a select few. The process used to reach this end result can vary, but the goal always remains the same. In most cases, such centralization begins with economic hegemony, and it is in our fiscal structure that we have the means to see the future. Sovietization in our financial life will inevitably lead to sovietization in our political life.
Does the U.S. economy’s path resemble the Soviet template exactly? No. And I’m sure the very suggestion will make the average unaware free market evangelical froth at the mouth. However, as I plan to show, the parallels in our fundamentals are disturbing; the reality is that true free markets in America died a long time ago.
The Tyranny Of Planned Economy
The characteristics of a free market society defy the use of centralized planning. Adam Smith’s original concept of free market trade stood as an antithesis to what was then referred to as “mercantilism,” a select few “joint stock companies” (corporations) monopolizing production while using government ties to destroy any new competition. Unfortunately, there are to this day economists and politicians who believe that corporate centralization is a “natural” function of a free market. In reality, corporate monopolies are an unnatural creation of collusion between governments and big-money interests designed to suffocate any entrepreneurship outside of their sphere of influence. Over time, as we now see in the United States today, government power and corporate power begin to hybridize, until one can barely be distinguished from the other.
The bottom line is that you cannot have planned structures, monopolized production or controlled capital flow within an economy and still claim it to be a “free market. There are no exceptions to this rule.
The Soviet system was the ultimate in centralization. Every aspect of financial life was dictated by the communist government, from industrial input and output to investment to food production and rationing to wages and retail prices. Some people might argue that this structure is a far cry from what we now have in the United States, but let’s look at the fundamentals.
Controlled Money Creation
One of the primary tenets of The Communist Manifesto was the creation of a central bank meant to keep tight controls over currency issuance. The existence of a central bank immediately disrupts any chance of a true free market. Central banking without competition allows an oligarchy, whether corporate or political or a meshing of the two, to manipulate interest rates as well as adjust prices through inflation. Lending standards (which the central bank determines arbitrarily) built on fractional reserve banking opens the door to murky debt instruments and toxic financial products that are further used to either fabricate a “high” standard of living (as we saw in the U.S. in the 90s and early 2000s) or execute a bubble implosion causing a lower standard of living (as the U.S. is experiencing today).
Since the establishment of the Federal Reserve through subversive collusion between banking interests and corrupt politicians in 1913, America has not had a free market system. From that point forward, every boom and bust, every interest rate disaster, every inflationary increase in prices has been scientifically engineered.
Dominance Of Industry
Soviet controls on industrial output are legendary. Every part of the resource allocation process became subject to bureaucracy, and this led to stunted manufacturing growth as well as a culture of misrepresented economic data. In the United States, the establishment has taken a slightly different approach but with the same end result.
Heavy taxation on business ventures within the U.S. against entrepreneurs not lucky enough to run in elitists circles has erased incentives for manufacturing experiments within our borders. In the meantime, members of the corporate glee club receive government subsidization while they simultaneously outsource industrial projects to Third World nations. Controlled industry within communist Russia was meant to force the population to depend upon the government for every means of survival. In the United States, dependency on government has been replaced by interdependency on the globalized model in general. Necessities are now compartmentalized, and only select international businesses with cooperation from government have the ability to bring all the pieces together to keep our domestic economy running smoothly. Our society has been so distanced from self-sufficiency that many people now consider the globalist dynamic indispensable.
The next step in this degradation of free market industry is the introduction of “public works projects” by the federal government, which gives the illusion that job creation through centralization is possible. This is the same strategy used in the Soviet Union and to this day, socialists still argue that the communist design for industrial expansion was “effective”. In truth, the soviet public works plan with all its trains and transits and bridges and buildings was an absolute failure, as the collapse of the country made clear. Tax funded infrastructure is no replacement for free market invention, and at bottom, no public works enterprise can be undertaken without the government first stealing capital from one area in order to fund another. Governments can never and will never create wealth or jobs. They can only present the semblance of economic progress while siphoning wealth away from private citizens.
Bureaucracy And Food Production
U.S. Environmental Protection Agency and U.S. Food and Drug Administration regulations, based on dubious junk science and often instituted on high without congressional oversight, further erode business possibilities, especially for young companies as well as private agriculture, while giving free reign to elitist entities like Monsanto, an organization the government actually PROTECTS through specialized legislation making it nearly immune to civil litigation.
While farms in the United States are not exactly “controlled” by the Federal government in the Soviet sense, many of them are subsidized through welfare on the condition that they grow only particular kinds of crops, raise particular animals or grow nothing at all. This subsidization is an indirect form of price control, creating engineered scarcity or abundance. At the same time, agricultural empires like Monsanto make private farm ownership increasingly difficult by using their government protection to harass and squeeze out independent food producers.
This destabilization of private resource management by common citizens has culminated in the passage of President Barack Obama’s executive order National Defense Resource Preparedness, which allows under a “national emergency” (which the President can declare for any reason) the confiscation of any and all private resources, including farms and businesses, to be redistributed by the government to ensure security conditions. This is the Stalinist model, pure and simple.
Centralized Control Of Investment
We now know that since at least 2008, the U.S. stock market, often presented by the mainstream as a paragon of free market prowess, has actually been propped up and inflated by Federal Reserve fiat. Both former Fed Chairman Alan Greenspan and current branch head Richard Fisher have openly admitted in separate news interviews that the central bank spends considerable energy in “artificially sustaining” equity markets. This has been done, I suspect, with full knowledge of the U.S. Treasury and the Obama Administration.
The Soviet model for investment was to remove all uncertainties from their domestic markets, often in the name of preventing manipulation by “speculators.” The speculator rationale was generally a distraction away from the attempt to dictate the natural forces of supply and demand. The idea was that if the government could dismiss legitimate demand or lack of demand or hide excess supply or lack of supply, the perception of a balanced economy could be conjured for the population. This led to strict redirection of capital to areas where manipulation was needed to artificially pump up (or deflate) a particular part of the economy. The government became the sole investor of the Soviet system and, thus, the sole determinant of the success or failure of any particular market.
This is EXACTLY what is going on in America today, in what mainstream economists now call “the new normal”. Federal Reserve fiat is being printed and dumped into every financial mechanism that supposedly maintains our country’s fiscal health, including stocks, Treasuries and municipals, while trade volume remains low and private investment disappears. The Federal government now owes its very existence to the continued support of central bank dollars, and the Dow Jones does as well. If this is not the Soviet ideal, then I don’t know what is.
Labor Oppression, Dismal Living Standards And Government Dependency
Poverty levels within the United States are at record highs. Nearly 50 million Americans are now dependent on government-subsidized food stamps for their survival. Nearly 100 million Americans receive welfare (or Social Security) in one form or another from the establishment. That is almost one-third of our entire population that relies on the system for at least a part of their sustainment. If Obamacare is fully realized, millions more Americans will also be conditioned to become dependent on government-designated healthcare providers. The point is not to pass judgment on those people who get money or services from the government, only to make clear our progression away from freedom and into centralized servitude.
For a Soviet structure to thrive, poverty among common citizens has to be institutionalized. Dependency requires a constant state of desperation. In America, this has been accomplished through a combination of inflated prices and reduced wages in conjunction with the destruction of labor options.
At the height of the communist machine in Russia, employment was ample; but the kind of employment one could apply for was dependent on bureaucratic red tape and availability based on a worker’s record. Only the academic “elite” within the government-run cesspools of Soviet universities and military schools had their choice of employment; even then, they were often pressured into particular specialized fields, depending on the kind of labor the state needed done at that particular time.
In the United States anyone can certainly aspire to do whatever job he hopes to do. But again, options have been removed economically; and the same academic elitism pervasive in Soviet Union labor markets exists in America today. In a recent installment of his weekly radio show,New York Mayor Michael Bloomberg said it was better for “so-so” high school students to pursue a career in plumbing rather than go to college.
Though I rarely agree with Bloomberg on anything, my initial reaction was surprise at his willingness to steer American youth away from university indoctrination centers. However, upon further examination, it became clear that Bloomberg was not trying to save the next generation time and money. Instead, he is promoting a shift in the labor dynamic of the U.S. economy toward a Soviet-style foundation. Bloomberg knows well that the U.S. labor market will never return to its former glory, partly because he is a supporter of the globalist policies that ruined our economy in the first place. Instead of suggesting ways to reverse the trend of progressive poverty and the lack of high-end jobs that engender ingenuity and invention, elitists like Bloomberg are saying “forget your dreams and get used to being a drone.”
In a 70% service and retail economy, where job availability is increasingly degraded and independent business is discouraged, Americans will have two choices: Excel in the world of federally funded and propagandized education and sell your soul just for a chance at obtaining a professional career in a field of influence, or, settle for the leftovers. Modern socialists often sing the praises of the soviet educational model for raising the literacy rates of once agricultural and isolated people to 98%, but what they fail to mention is that this literacy was only encouraged in order to create a more efficient servant class that was easier to propagandize. The U.S. is moving into a similar paradigm. For some people, being a plumber is a fine thing; but it should not be the only thing. In a true free market, a smart man can make his own way, even if he does not conform to the ideologies of the educational racket. In a Sovietized market, a smart man is prohibited from accomplishing anything unless he conforms to the ideologies of the educational racket.
Some people may respond that the centralization conspiracy within the American economy is an obvious thing today, and that there is little need to expose it any further. I would point out that centralization is not the only issue here; the guidebook by which that centralization is being implemented is also important. This has all been done before on the other side of the world only decades ago, and the end result was a horrifying cascade of social enslavement and mechanically inclined death.
In the end, the Soviet economy was so utterly fraudulent that the final breakdown of the system came as a complete surprise to many in political and economic fields of the era. This is what happens when governments control all source data for financial statistics; transparency dies and collapse creeps in. Centralization is an absolute affront to the natural laws of supply and demand and an oppressive hindrance to the innovation that humanity thrives on. Such systems require constant theft from the populace in the form of reduced employment, reduced wages, reduced resources, increased taxes, increased price controls and a highly ignorant citizenry in order to function even for a short time. Sadly, the United States is well on its way in all of these areas, emulating a poisonous fiscal system and lending itself to a global economic tyranny in which all of us work much harder, for much less, and all for a government that seeks to use our very labor against us.
Source: Brandon Smith | Alt-Market
Enormous $6.3 Trillion Cost of Immigration Amnesty
May 9, 2013 by Administrator · Leave a Comment
Not only will Senate Bill 744, called the Comprehensive Immigration Reform Act, add 33 million immigrants to the USA within the next 10 years, it will cost American taxpayers a mind-numbing $6.3 trillion. That amount of money piles on top of our already crippling $16.5 trillion national debt. When you consider 12 to 20 million illegal alien migrants taping into our social security, schools, medical systems, assisted housing and food stamp benefits—the costs skyrocket beyond imagination.
Robert Rector of the Heritage Foundation stated, “Unlawful immigration and amnesty for current unlawful immigrants can pose large fiscal costs for U.S. taxpayers.”
Government provides four types of benefits and services that are relevant to this issue:
- Direct benefits. These include Social Security, Medicare, unemployment insurance, and workers’ compensation.
- Means-tested welfare benefits. There are over 80 of these programs which, at a cost of nearly $900 billion per year, provide cash, food, housing, medical, and other services to roughly 100 million low-income Americans. Major programs include Medicaid, food stamps, the refundable Earned Income Tax Credit, public housing, Supplemental Security Income, and Temporary Assistance for Needy Families.
- Public education. At a cost of $12,300 per pupil per year, these services are largely free or heavily subsidized for low-income parents.
- Population-based services. Police, fire, highways, parks, and similar services, as the National Academy of Sciences determined in its study of the fiscal costs of immigration, generally have to expand as new immigrants enter a community; someone has to bear the cost of that expansion.
“The cost of these governmental services is far larger than many people imagine,” said Rector. “For example, in 2010, the average U.S. household received $31,584 in government benefits and services in these four categories.
“The governmental system is highly redistributive. Well-educated households tend to be net tax contributors: The taxes they pay exceed the direct and means-tested benefits, education, and population-based services they receive. For example, in 2010, in the whole U.S. population, households with college-educated heads, on average, received $24,839 in government benefits while paying $54,089 in taxes. The average college-educated household thus generated a fiscal surplus of $29,250 that government used to finance benefits for other households.
“Other households are net tax consumers: The benefits they receive exceed the taxes they pay. These households generate a “fiscal deficit” that must be financed by taxes from other households or by government borrowing. For example, in 2010, in the U.S. population as a whole, households headed by persons without a high school degree, on average, received $46,582 in government benefits while paying only $11,469 in taxes. This generated an average fiscal deficit (benefits received minus taxes paid) of $35,113.
“The high deficits of poorly educated households are important in the amnesty debate because the typical unlawful immigrant has only a 10th-grade education. Half of unlawful immigrant households are headed by an individual with less than a high school degree, and another 25 percent of household heads have only a high school degree.”
Imbedding intractable human poverty into the American fabric
“Some argue that the deficit figures for poorly educated households in the general population are not relevant for immigrants,” said Rector. “Many believe, for example, that lawful immigrants use little welfare. In reality, lawful immigrant households receive significantly more welfare, on average, than U.S.-born households. Overall, the fiscal deficits or surpluses for lawful immigrant households are the same as or higher than those for U.S.-born households with the same education level. Poorly educated households, whether immigrant or U.S.-born, receive far more in government benefits than they pay in taxes.
“In contrast to lawful immigrants, unlawful immigrants at present do not have access to means-tested welfare, Social Security, or Medicare. This does not mean, however, that they do not receive government benefits and services. Children in unlawful immigrant households receive heavily subsidized public education. Many unlawful immigrants have U.S.-born children; these children are currently eligible for the full range of government welfare and medical benefits. And, of course, when unlawful immigrants live in a community, they use roads, parks, sewers, police, and fire protection; these services must expand to cover the added population or there will be “congestion” effects that lead to a decline in service quality.
“In 2010, the average unlawful immigrant household received around $24,721 in government benefits and services while paying some $10,334 in taxes. This generated an average annual fiscal deficit (benefits received minus taxes paid) of around $14,387 per household. This cost had to be borne by U.S. taxpayers. Amnesty would provide unlawful households with access to over 80 means-tested welfare programs, Obamacare, Social Security, and Medicare. The fiscal deficit for each household would soar.
“If enacted, amnesty would be implemented in phases. During the first or interim phase (which is likely to last 13 years), unlawful immigrants would be given lawful status but would be denied access to means-tested welfare and Obamacare. Most analysts assume that roughly half of unlawful immigrants work “off the books” and therefore do not pay income or FICA taxes. During the interim phase, these “off the books” workers would have a strong incentive to move to “on the books” employment. In addition, their wages would likely go up as they sought jobs in a more open environment. As a result, during the interim period, tax payments would rise and the average fiscal deficit among former unlawful immigrant households would fall.
“After 13 years, unlawful immigrants would become eligible for means-tested welfare and Obamacare. At that point or shortly thereafter, former unlawful immigrant households would likely begin to receive government benefits at the same rate as lawful immigrant households of the same education level. As a result, government spending and fiscal deficits would increase dramatically.”
If passed, S744 not only breaks the back of American taxpayers with jobs, it continues to take jobs away from American workers with an infusion of 1.5 million legal immigrants annually. That number equates to over 125,000 new green card workers per month.
Frosty Wooldridge has bicycled across six continents – from the Arctic to the South Pole – as well as six times across the USA, coast to coast and border to border. In 2005, he bicycled from the Arctic Circle, Norway to Athens, Greece.
He presents “The Coming Population Crisis in America: and what you can do about it” to civic clubs, church groups, high schools and colleges. He works to bring about sensible world population balance at his website: www.frostywooldridge.com
Frosty Wooldridge is a regular columnist for Veracity Voice
Onslaught of Illegal Immigrants Lining Up For Amnesty
May 3, 2013 by Administrator · Leave a Comment
Senate Bill 744, Comprehensive Immigration Reform, promises the most prolific invasion of America since Hurricanes Katrina and Sandy. But with one deadly difference: those storms subsided so we could repair the damage.
If S744 passes, we face endless immigration numbers to the tune of a minimum of 33 million immigrants within the first decade. Passing that bill means an increase of legal immigration from its current 1 million annually to 1.5 million annually. All totaled with immigrants, their offspring, chain migration and diversity visas, a mind numbing 100 million immigrants will land on America within 37 years—by 2050. (Source: www.NumbersUSA.org ; US Population Projections by Fogel/Martin ; PEW Research Center)
Even more sobering, we face a total population growth via “population momentum” of 138 million people to grow from 316 million in 2013 to 438 million people by 2050.
Their horrific impact on our schools, medical systems, infrastructure, water, resources, energy and environment cannot be calculated, but will exceed anything anyone can imagine. The impact of 100 million immigrants can and will degrade our quality of life and standard of living beyond anyone’s understanding. Their impact upon our environment cannot be measured, but it will be catastrophic for all Americans.
“Unlimited population growth cannot be sustained; you cannot sustain growth in the rates of consumption of resources. No species can overrun the carrying capacity of a finite land mass. This Law cannot be repealed and is not negotiable.” Dr. Albert Bartlett, www.albartlett.org , University of Colorado, USA.
Dennis Lynch created one of the most powerful films on illegal immigration. (six minutes) The number of Asian/Chinese coming across the border is rarely mentioned. But if you stop and consider the implications you will likely come to the same conclusion as many of us. An unsecured southern border presents a clear and present danger to all of us and this specific threat has little to do with cheap labor.

(Illegals migrate from the interior of Mexico, but come from as far south as Brazil.)
These immigrants bring incompatible cultures, religions and political clout. They displace American citizens, utilize welfare, housing and food stamps. They overwhelm villages, towns and cities.
Today, California pays over $10 billion in services annually for its estimated 3 to 4 million illegal aliens and its countless legal immigrants.
“Most Western elites continue urging the wealthy West not to stem the migrant tide [that adds 80 million net gain annually to the planet], but to absorb our global brothers and sisters until their horrid ordeal has been endured and shared by all—ten billion humans packed onto an ecologically devastated planet.” Dr. Otis Graham, Unguarded Gates
Frosty Wooldridge has bicycled across six continents – from the Arctic to the South Pole – as well as six times across the USA, coast to coast and border to border. In 2005, he bicycled from the Arctic Circle, Norway to Athens, Greece.
He presents “The Coming Population Crisis in America: and what you can do about it” to civic clubs, church groups, high schools and colleges. He works to bring about sensible world population balance at his website: www.frostywooldridge.com
Frosty Wooldridge is a regular columnist for Veracity Voice
Farm Supports And Social Welfare
April 25, 2013 by Administrator · Leave a Comment

The planting season is in full swing as is the transfer of subsidies to big agriculture and social welfare food stamps. Which has more worth, paying the Monsanto and property tax bill or running a public assistance program that allows for the buying of lottery tickets? Well, if you are Congress, both have benefit, but mostly for their political value.Why are food stamps part of the Farm Bill? Nancy Marshall-Genzer makes a shrewd observation.
“There’s been an explosive expansion of the food stamp program. To understand why, you have to go back to the ’90s and President Clinton’s welfare reform, which trimmed welfare rolls. To help those cut off, Congress and President Bush made it easier to qualify for food stamps. That was in 2002. Since then, the food stamp program has more than doubled.
That’s about one in seven Americans. Many of them lost their jobs during the great recession. But why is the food stamp program in the farm bill, anyway? Like most things in Washington, it all boils down to politics.
Chad Hart is an economist at Iowa State. He says farm-state legislators needed a way to connect with more urban members of Congress, so the city slickers would support farm subsidies.”
Is it necessary to expand exponentially the Supplemental Nutrition Assistance Program (SNAP), to relieve starvation when a “Happy Meal” can be purchased at every turn? Yet the socialization culture boasts of the dietary benefits of being on the government dole, as the urban society continues to consume every cuisine of fast foods.
The Washington Times notes that under the Food stamp president: Enrollment up 70 percent under Obama and that present legislation “allow for those with higher incomes to take food stamps — the logic being that helping people before they reach crisis financial level will actually stimulate the economy.”
What did people do for food before the era of the “Great Society”? Farming was a way of life for rural America from the inception of the country. In spite of struggling out a livelihood from an often-harsh pastoral environment, agriculture capacity grew into the breadbasket of the world. Today, the gentleman farmer needs to master the skills of trading future contracts and applications for assistance.
A starting point for subsidies “can supplement a farmer’s income and as well as provide funds for rental payments for land and assistance when the market price of a crop is low. Farm subsidies also play a role in the cost and availability of certain agricultural commodities.”
- Contact the Farm Service Agency office in your state
- Determine which farm subsidy you will apply for
- Find out what type of government subsidized crop and animal insurance is available in your area
- Determine if your farm is eligible for the Direct Payment subsidy program
- Ask about the special loan programs the federal government has available for new farmers and ranchers who have been in business for at least three years but less than ten years
Farming as a productive enterprise is rapidly becoming big business. The family farm is no longer an independent endeavor based upon market prices and ingenious management. The quasi-government debt and subsidy cycle, demands a public partnership with federal and state agencies that distort production and consumer prices at every level. Economy of scale seems to be the only path left to plow the fertile fields of government subsidies.
The corporate agriculture conglomerates have become integral constituents of the seed, fertilizer and chemical industry. Both collaborators hire their political lobbyists to expand financial supports, resistive food labeling disclosures and apply economic pressure to stamp out holistic food competition.
The taxpayer should be concerned over the institutionalization and dependency of the SNAP mentality that eats at the fabric of a viable market economy. However, even more diabolical is the destructive subsidization of farming that dramatically benefits corporatist agriculture at the expense of organic agrarian alternatives.
US News takes the position that the Farm Bill’s Corporate Welfare Is Unacceptable.
“Under current law, businesses that produce commodity crops-corn, soy, cotton, or wheat for example-receive a variety of federal supports. One of these, direct payments, provides a per-acreage subsidy for certain farmland owners, regardless of prices, crop yield, or profitability. As a result some farm businesses making hundreds of thousands or even millions of dollars each year also receive a generous annual check from the federal government even if they don’t grow a crop.
Federal crop insurance is out of control. In fiscal year 2012, the total cost of the crop insurance program set a new record at $14 billion-$3 billion more than FY2011. And here’s the kicker-2012 was a year of near record profits for agriculture, even before crop insurance payouts, despite and in part because of the drought many parts of the country experienced this past summer. In every state, participants in the crop insurance program have received more in claims payments than in premium dollars put in over the past 15 years. And remember, for every $1 in premiums, agribusinesses only chip in 38 cents to insure their own crops while taxpayers pick up the remaining 62 cents. That is not insurance or a safety-net, that’s a hand out.”
A comprehensive overhaul of government agriculture policy may not seem very probable from a political will perspective. Nevertheless, the gravy train of public money cannot be a substitute for tilling the soil and weeding the crops. When government legislation attempts to maintain an inexpensive retail food price with public grants, loans and subsidies, the true cost of national nourishment is unsustainable.
The urbanization of the political electorate dictates that the bottom feeders expect their groceries be delivered from a full service supermarket. As any rural resident knows, the nature of the land has its own set of rules and demands. Famine and undernourishment applies to much more than the food supply. It resides in the destructive and distorted government protection racket that leaves the public with a deep hunger in their belly.
Sartre is the publisher, editor, and writer for Breaking All The Rules. He can be reached at:
Sartre is a regular columnist for Veracity Voice
The 1965 Congressional Lie On Immigration; The 2013 Lie Even Bigger
April 18, 2013 by Administrator · Leave a Comment
In 1965, as a college student, I felt the U.S. Government and Congress worked for and represented the best interests of the American people. As I learned more, and later as I understood more as a U.S. Army officer, I discovered presidents and Congress lie. When I became a math-science teacher in Denver, Colorado, I discovered that superintendents lie when it benefits them. I discovered people lie.
Lyndon Baines Johnson lied to plunge us into the Vietnam War. Bill Clinton lied from the day of his birth. George W. Bush lied us into Iraq War. Barack H. Obama continually lies to us as to immigration, Afghanistan War, Obamacare, his past history and more than we can count.
But the one lie that will go down in history as the beginning of the end of the United States of America goes to the late Senator Teddy Kennedy (D-MA) and his 1965 Immigration Reform Act. He exploded immigration from 175,000 annually to over 1.2 million year after year, decade after decade. He jumped our population from a reasonable 194 million to its current 316 million on our way to 625 million in this century.
In front of Congress he said, “First, our cities will not be flooded with a million immigrants annually. Under the proposed bill, the present level of immigration remains substantially the same. Secondly, the ethnic mix of this country will not be upset. Contrary to the charges in some quarters, [the bill] will not inundate America with immigrants from any one country or area, or the most populated and deprived nations of Africa and Asia.
“In the final analysis, the ethnic pattern of immigration under the proposed measure is not expected to change as sharply as the critics seem to think. The bill will not flood our cities with immigrants. It will not upset the ethnic mix of our society. It will not relax the standards of admission. The bill will not place a burden on the legal citizens by increasing taxes to pay the huge costs for care-and-feeding, medical care, education, etc of the “immigrants”… and additional social-services for their family members. It will not cause American workers to lose their jobs.” [Ted Kennedy at Judiciary Committee hearing on Feb. 10, 1965, commenting on the Hart-Celler Act]
Kennedy’s bill DID flood the country with another 100 million people. It created intractable poverty and entrenched illiteracy. It created cultural conflicts being played out across America in 2013, i.e. Mexicans battling African-Americans in Los Angeles, Muslims taking over entire cities like Detroit and running out everyone else; it imported many third world immigrants lost in the morass of this high speed society and unable to assimilate. We feature “Black flash mobs” terrorizing citizens in Philadelphia, Minneapolis and Chicago. We feature female genital mutilation, arranged marriages and honor killings in America in 2013. We see exploding illiteracy rates among citizens. We house 47 million people who cannot secure a job: thus, they exist on food stamps. Over 14 million Americans cannot secure a job at a living wage.
This new Comprehensive Immigration Bill expects to swamp our country with another 100 million immigrants within 37 years. From 2050, we face another 200 million beyond that.
In the meantime, Congress, led by a “Gang of Eight” senators expects to unload the gates of hell upon our country. Not only will Congress give total amnesty to 20 million, they in turn, can and will chain-migrate endless millions of their families into our country. This thing will become SO ugly on SO many levels, but we will become the victims and no one wins and everyone loses.
Amazingly enough, after the failure of the 1986 amnesty, our borders remain as porous as ever. Nothing in this bill shows any intention of enforcing past or current immigration employment, housing or transporting of illegal migrant laws. Thus, illegals will careen into our country in ever greater numbers.
Senator Chuck Schumer of New York said, “This is not amnesty — amnesty is the forgiveness of something. We’re going to create an alternative that says OK, you want to stay here, you’ll have to wait more than 10 years, you’ll have to pay this fine, you’ll have to pay your registration fee, you’ll have to be gainfully employed, you won’t qualify for any federal benefit, and then after all of that you don’t get to apply for anything until the enforcement mechanisms are in place.”
Schumer lies like a rug, like Al Capone, like a snake, like the 19 terrorists who flew airplanes into the Twin Towers and elsewhere.
The truth:
- When the bill becomes law, every single illegal alien in America becomes legal.
- Legal status will never be revoked; it can and will only be expanded with every inevitable subsequent act of Congress.
- This amnesty will leader to more amnesties for millions of other aliens crossing our borders or overstaying their visas.
If you expect to save your own rear end and that of your children’s future, I implore you to join the following organizations for free and start sending pre-written faxes to your reps to defeat this bill.
Frosty Wooldridge has bicycled across six continents – from the Arctic to the South Pole – as well as six times across the USA, coast to coast and border to border. In 2005, he bicycled from the Arctic Circle, Norway to Athens, Greece.
He presents “The Coming Population Crisis in America: and what you can do about it” to civic clubs, church groups, high schools and colleges. He works to bring about sensible world population balance at his website: www.frostywooldridge.com
Frosty Wooldridge is a regular columnist for Veracity Voice
Congress Repeating The Second Basic Law of Stupidity: Mass Amnesty
April 13, 2013 by Administrator · Leave a Comment
As you read in the First Basic Law of Stupidity, our U.S. Congress works on yet another mass amnesty for 20 million illegal alien migrants now working and residing in our country in violation of dozens of our laws. Notice that Congress failed to enforce the employment laws from the 1965 Immigration Reform Law as well as the 1986 Amnesty that gave four million Mexicans instant citizenship. All totaled, those two new laws by Congress flooded this country with over 120 million more people since 1965. This next amnesty will flood the country with yet another 100 million immigrants at the bare minimum.
Today, we live in 2013 with a few other interesting facts Congress bestowed on the American people:
- Congress placed our country into a $16.5 trillion national debt. It’s wrecking the foundation of our republic and our financial ability to survive.
- Congress waged two useless, worthless and meaningless wars for the past 10 years at a cost of $3 trillion. Trillions more when it comes to the emotional, physical and psychological chaos incurred by our military veterans.
- Congress outsource, insourced and offshored millions of US jobs so we now suffer 14 million unemployed and 7 million underemployed.
- Congress killed so many jobs and job training that 47 million Americans subsist on food stamps in April of 2013.
- Congress refuses to enforce internal immigration employment, housing and transport laws—so that we face 20 million illegal aliens scamming American workers out of jobs as well as using $346 billion annually in taxpayer services like education, medical care, anchor babies, incarceration, drug distribution, shop lifting and more.
- Congress refuses to aid lawful American citizens with jobs, but it works its magic in allowing over eight million illegal aliens full time work in our country—and much of it off the books and no taxes collected, but we subsidize their children, health care and prison costs.
- Congress huddles in Washington, DC to gift another 20 million illegal aliens with instant citizenship and all the cash and welfare benefits that entails. Heritage Foundation estimates $3 to $5 trillion for the cost of this new amnesty paid for by you, the legal American taxpayer.
Which brings us to the “Second Basic Law of Stupidity” by Carlo M. Cipolla, Professor of
Economics, UC Berkeley in Whole Earth Review, Spring 1987
Cipolla said in the Second Basic Law of Stupidity, “Cultural trends now fashionable in the West favor an egalitarian approach to life. People like to think of human beings as the output of a perfectly engineered mass production machine. Geneticists and sociologists especially go out of their way to prove, with an impressive apparatus of scientific data and formulations that all men are naturally equal and if some are more equal that others, this is attributable to nurture and not to nature.
“I take an exception to this general view. It is my firm conviction, supported by years of observation and experimentation, that men are not equal, that some are stupid and others are not, and that the difference is determined by nature and not by cultural forces or factors. One is stupid in the same way one is red-haired; one belongs to the stupid set as one belongs to a blood group. A stupid man is born a stupid man by an act of Providence.”
The collective IQ of America declines below three digits. Notice that 7,000 high school kids drop out or flunk out of high school every day in America. Notice those failure rates correspond to the millions of third world immigrants imported into America. Not only does our Congress import illiteracy, it imports poverty and cultures of poverty. One look at Los Angeles today provides ample proof where a teenager cannot read the bus schedule. Unemployment screams off the charts and immigrants ride the welfare gravy train like a new art form.
“Although convinced that fractions of human beings are stupid and that they are so because of genetic traits,” said Cipolla. “I am not a reactionary trying to reintroduce surreptitiously class or race discrimination, I firmly believe stupidity is an indiscriminate privilege of all human groups and is uniformly distributed according to a constant proportion. This fact is scientifically expressed by the Second Basic Law with states that: The probability that a certain person be stupid is independent of any other characteristic of that person.”
Today in America 42 million Americans cannot read, write or perform simple math problems. Another 50 million cannot read past the 4th grade level. It will be interesting when we import the projected 100 million more immigrants from the burgeoning third world by 2050—as to what kind of a completely stupid, dumb, dysfunctional and totally illiterate civilization the majority of our citizens will have become.
The democrats and republicans will probably tell us we need more immigrants to revitalize the nation, freshen it and bring new ideas to solve all our problems.
Frosty Wooldridge has bicycled across six continents – from the Arctic to the South Pole – as well as six times across the USA, coast to coast and border to border. In 2005, he bicycled from the Arctic Circle, Norway to Athens, Greece.
He presents “The Coming Population Crisis in America: and what you can do about it” to civic clubs, church groups, high schools and colleges. He works to bring about sensible world population balance at his website: www.frostywooldridge.com
Frosty Wooldridge is a regular columnist for Veracity Voice
Disturbing Realities Across America: Living At The Margins
March 27, 2013 by Administrator · Leave a Comment
If you watched NBC’s anchor Lester Holt on Saturday evening’s news, he reported that Portland State University in Portland, Oregon, features a “food pantry” for students who cannot afford to feed themselves while attending college. Further into the report, Holt announced that 50 colleges across the United States feature “food pantries” that give donated food stuffs out to destitute college students barely able to make their way through college.
The whole report sickened me. NBC’s Brian Williams last week reported that this month is the 10 year anniversary of invading Iraq with “Shock and Awe” from former President George W. Bush. We suffered 4,750 dead young men and women, 32,000 hideously wounded and $2 trillion in expenditures. Brian also announced that no “Weapons of Mass Destruction” existed in Iraq. We also killed over 150,000 Iraqi citizens.
As I sat there in my chair watching the news, I felt an overwhelming disgusting feeling that a band of 535 lunatics and one lunatic former president and the present incompetent president lack any ability to deal with reality and create solutions that solve American’s problems.
No one in his right mind would invade a sandbox country run by an idiot dictator over 10,000 miles away. Iraq posed no threat whatsoever to our country.
Yet, we feed 47.7 million Americans with food stamps because those individuals cannot find a job or are too illiterate to hold a job. We suffer 14 million unemployed Americans looking for work. Our infrastructure and bridges crumble right before our eyes. We stand eye-ball deep in $16.5 trillion in debt. Our educational systems spit out functionally illiterate and welfare-dependent kids by the hundreds of thousands every year.
A mind-numbing 13.4 million American children live below the poverty level in conditions that sicken any middle-American. Some one million Americans remain homeless night after night in the city streets of America. One in six Americans face hunger. “In many ways, America is the land of plenty. But for 1 in 6 people in the United States, hunger is a reality. Many people believe that the problems associated with hunger are confined to small pockets of society, certain areas of the country, or certain neighborhoods, but the reality is much different. Right now, millions of Americans are struggling with hunger. These are often hard-working adults, children and seniors who simply cannot make ends meet and are forced to go without food for several meals, or even days.”
Yet, our Congress just gave Egypt $250 million dollars in aid this month. We send billions of dollars that we borrow from other countries to give to dozens of countries around the world in foreign aid. Yet, our own country rides on the thin margins of pretention.
That same Congress imports 100,000 legal, unskilled, undereducated, welfare-prone, food stamp and assisted housing recipients every 30 days into America. Those same immigrants along with illegals cost American taxpayers $346 billion annually across 15 federal agencies. (Source: Edwin Rubenstein, ESR, www.TheSocialContract.com )
It’s so beyond the realm of stupidity that it morphs into the realm of insanity—but Congress carries out this level of insanity as a normal method of day to day business.
We flounder at saving ourselves on the margins of our national debt by waiting until the last minute to pass a bill to raise the debt ceiling. Yet, we never solve the debt problem at the cause. We continue with endless wars that cost us trillions of dollars, but we march right into new wars that provide no security or freedom—but plenty of death and debt. Our children suffer with educational systems bankrupting, but we add more to our military budgets where we must train poorly educated citizen soldiers.
We stagger into the future without a plan. Specifically, President Barack Obama staggers forward without a plan and our Congress waltzes into the financial and social abyss with him.
The American people become victims of our leaders’ incompetence, their corruption and their outright greed. For those 535 Congress critters to continue their pretenses of leading this country, it’s appalling that they can sleep at night knowing they fail us and fail us utterly.
One reader said, “Your latest article regarding immigration expresses what I’ve been saying for years. Neither Bush nor Obama care about securing the borders. All the talk about creating jobs is smoke and mirrors and rhetoric. Congress is still allowing 100,000 people to come here legally each month. How can we possibly put Americans to work at this rate? Looking at the whole picture, I firmly believe our country is finished, and it’s not going to return to what it was when we were younger. We will not out-vote those whose gave Obama a second term. He is bent on destroying our way of life, and succeeding. Morality and a belief in our Creator have been severely weakened. The U.S.A. is controlled by a despotic president, and parasites in Congress.”
Frosty Wooldridge has bicycled across six continents – from the Arctic to the South Pole – as well as six times across the USA, coast to coast and border to border. In 2005, he bicycled from the Arctic Circle, Norway to Athens, Greece.
He presents “The Coming Population Crisis in America: and what you can do about it” to civic clubs, church groups, high schools and colleges. He works to bring about sensible world population balance at his website: www.frostywooldridge.com
Frosty Wooldridge is a regular columnist for Veracity Voice
Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite
March 7, 2013 by Administrator · Leave a Comment
The Dow is at a record high and so are corporate profits – so why does it feel like most of the country is deeply suffering right now? Real household income is the lowest that it has been in a decade, poverty is absolutely soaring,47 million Americans are on food stamps and the middle class is being systematically destroyed. How can big corporations be doing so well while most American families are having such a hard time? Isn’t their wealth supposed to “trickle down” to the rest of us? Unfortunately, that is not how the real world works. Today, most big corporations are trying to minimize the number of “expensive” American workers on their payrolls as much as they can. If the big corporation that is employing you can figure out a way to replace you with a worker in China or with a robot, it will probably do it. Corporations are in existence to maximize wealth for their shareholders, and most of the time the largest corporations are dominated by the monopoly men of the global elite. Over the decades, the politicians that have their campaigns funded by these monopoly men have rigged the game so that the big corporations are able to easily dominate everything. But this was never what those that founded this country intended. America was supposed to be a place where the power of collectivist institutions would be greatly limited, and individuals and small businesses would be free to compete in a capitalist system that would reward anyone that had a good idea and that was willing to work hard. But today, our economy is completely and totally dominated by a massively bloated federal government and by absolutely gigantic predator corporations that are greatly favored by our massively bloated federal government. Our founders tried to warn us about the dangers of allowing government, banks and corporations to accumulate too much power, but we didn’t listen. Now they dominate everything, and the rest of us are fighting for table scraps.
In early America, most states had strict laws governing the size and scope of corporations. Individuals and small businesses thrived in such an environment, and the United States experienced a period of explosive economic growth. We showed the rest of the world that capitalism really works, and we eventually built the largest middle class that the world had ever seen.
But now we have replaced capitalism with something that I like to call “corporatism”. In many ways, it shares a lot of characteristics with communism, and that is why nations such as communist China have embraced it so readily. Under “corporatism”, monolithic predator corporations run around sucking up as much wealth and economic power as they possibly can. Most individuals and small businesses cannot compete and end up getting absorbed by the corporations. These mammoth collectivist institutions are in private hands rather than in government hands (as would be the case under a pure form of communism), but the results are pretty much the same either way. A tiny elite at the top gets almost all of the economic rewards.
There are some out there that would suggest that the answer to our problems is to move more in the direction of “socialism”, but to be honest that wouldn’t be the solution to anything. It would just change how the table scraps that the rest of us are getting are distributed.
If we truly wanted a return to prosperity, we need to dramatically shift the rules of the game so that they are tilted back in favor of individuals and small businesses. A much more pure form of capitalism would mean more wealth, less poverty and a more equitable distribution of the economic rewards in this country.
But it will never happen. Most of our politicians are married to the big corporations and the wealthy elitists that fund their campaigns. And most Americans are so uneducated that they believe that what we actually have today is “capitalism” and that the only alternative is to go “to the left” toward socialism.
Very few people out there are suggesting that we need to greatly reduce the power of the federal government and greatly reduce the power of the big corporations, but that is exactly what we need to do. We need to give individuals and small businesses room to breathe once again.
With each passing year, things get even worse. In fact, the founder of Subway Restaurants recently said that the environment for small businesses is so toxic in America today that he never would have been able to start Subway if he had to do it today.
For much more on how small business is being strangled to death in the United States, please see my previous article entitled “We Are Witnessing The Death Of Small Business In America“.
What I want to do now is to discuss some of the results that “corporatism” is producing in America.
First of all, we continue to see incomes go down even though we live in an inflationary economy.
As recently reported, personal incomes took a huge nosedive during the month of January…
Data released by the Commerce Department last week showed that personal income fell 3.6% in January, the biggest decline in 20 years. The drop was even bigger when taxes and inflation are taken into account. Real personal disposable income fell by 4%, the biggest monthly drop in half a century.
But this is part of a longer term trend. Median household income in the U.S. has declined for four consecutive years, and it is now significantly lower than it was all the way back in 2001…
Real median US household income — that’s “real,” as in “adjusted for inflation” — was $50,054 in 2011, the most recent data available from the US Census Bureau. That’s 8% lower than the 2007 peak of $54,489.
Meanwhile, big corporations are absolutely raking in the cash. The following is from a recent New York Times article…
“So far in this recovery, corporations have captured an unusually high share of the income gains,” said Ethan Harris, co-head of global economics at Bank of America Merrill Lynch. “The U.S. corporate sector is in a lot better health than the overall economy. And until we get a full recovery in the labor market, this will persist.”
The result has been a golden age for corporate profits, especially among multinational giants that are also benefiting from faster growth in emerging economies like China and India.
Today, corporate profits as a percentage of U.S. GDP are at an all-time high, but wages as a percentage of U.S. GDP are near an all-time low.
Just check out the following chart. Corporate profits have absolutely exploded over the past decade…

Meanwhile, wages as a percentage of GDP continue to fall rapidly…

Most of the jobs being created in America today are “low wage” jobs. Tens of millions of Americans are working as hard as they can only to find that they can barely put food on the table and provide a roof over the heads of their children. The ranks of the “working poor” are exploding and the middle class continues to shrink.
Many of you that are reading this article are members of the working poor. You know what it is like to stare up at your ceiling at night wondering how you are going to pay the bills next month.
Today, most Americans are living very close to the edge financially. A recent article by NBC News staff writer Allison Linn shared some of their stories. The following is one example…
Crystal Dupont knows what it’s like to try to live on the federal minimum wage.
Dupont has no health insurance, so she hasn’t seen a doctor in two years. She’s behind on her car payments and has taken out pawn shop and payday loans to cover other monthly expenses. She eats beans and oatmeal when her food budget gets low.
When she got her tax refund recently, she used the money to get ahead on her light bill.
“I try to live within my means, but sometimes you just can’t,” said Dupont, 25. The Houston resident works 30 to 40 hours a week taking customer service calls, earning between $7.25 and $8 an hour. That came to about $15,000 last year.
It’s a wage she’s lived on for a while now, but just barely.
Sadly, the number of Americans that are “just barely” surviving continues to grow.
But if corporate profits are soaring to unprecedented heights, then who is getting all of those rewards?
The monopoly men of the global elite are.
Just check out which does a great job of illustrating how corporatism has systematically funneled all of the economic rewards in our system to the very top…
Once again, I want to make it very clear that I am not advocating socialism as the answer in any way, shape or form. Socialism takes away the incentive to create wealth and it almost always results in almost all of the economic rewards going to a very tiny elite anyway.
As I said earlier, what we need is a return to a much more pure form of capitalism, but this is so foreign to the way that most people think that most people will not be able to grasp this.
It certainly would be possible to greatly reduce the power of the federal government and greatly reduce the power of the big corporations at the same time, but this is so “outside the box” for most people that they cannot even conceive of doing such a thing.
We need to create an environment where individuals and small businesses can thrive once again. But instead, most of us are content to continue “playing the game” and getting enslaved in even more debt.
For example, according to CNBC, auto loans just continue to get larger and continue to get stretched out for longer periods of time…
American car buyers, attracted by new models and cheap financing, are taking out bigger auto loans and stretching out the terms of those loans to a new record length.
New analysis from Experian Automotive shows the average new car loan in the fourth quarter of last year was $26,691 and stretched out over an average of 65 months. The length of the average loan is one month longer than the previous record set in the third quarter of last year.
What will they think of next?
Will we eventually have auto loans that get paid off over 10 years?
By the way, that is another way that the monopoly men of the global elite get all of our money. They enslave us to debt, and we spend year after year of our lives slaving away to make them even wealthier.
They are very smart. There is a reason why they have 32 TRILLION dollars stashed away in offshore tax havens. They know how to play the game, and they are very happy that most of the rest of us are asleep.
Fortunately, it appears that an increasing number of Americans are waking up.
For example, I wanted to share with you all an excerpt from a comment that one of my readers left on one of my recent articles…
In the past year, I’ve been slowly but surely waking up to the nonsense happening around me. There’s so many things I need to simply get off my chest, so excuse the length of this post. Recently in the past two years, I’ve gotten married and have been medically discharged from the Marines after being injured in Afghanistan. Being 23 years old and married, my goal is secure a secure a future for my family, but with the way things are going, I’m not exactly sure how much of a future we’re going to have in 50 years. I can’t explain it, but I’ve felt this need to change my attitude and motivations lately.
I started by turning off the garbage music, television and other mindless entertainment that seems to plague my generation. It was easier than it looked – I don’t miss most of it really. The next order of business was to educate myself on world news, so that’s what I did. Every day, like clockwork, I check all major mainstream news feeds (NBC, Fox, Abc, CNN, Reuters, BBC, etc.) as well as not-so-mainstream news sites – yours being one of them. It’s incredible how fast our world changes and the manner in which it changes. The local 10 o’clock doesn’t show anything but local news, sports, weather, lottery #’s and whatever else they decide to throw in. It’s a night and day difference once you start to actually research and see what’s happening all over the world. Look at the number of comments about a news story on the economy and then look at a celebrity story on the “news”….People are so blind, it truly amazes me. My friends, family and classmates at college seem to be under a spell of some sort. They’re distracted – and it’s contagious. Nobody I know gives a damn about global affairs/economics. They’re more interested in the newest iPhone, cars, shows, movies, and just about anything else you can think of. I’m not saying there’s anything wrong with these things, but my friends/family/peers are CONSUMED by these distractions. When the election was taking place in 2012, every Tom, Dick and Harry on Facebook had an opinion and rant. After the circus ended however, everyone simply went back to posting about parties, kittens, Farmville etc. It’s a huge joke. For me, it’s little terrifying and exciting to see history unfolding in front of our eyes. This country of ours is going through big changes now that will most certainly affect our future, so I strive to adapt and prepare myself and my family. I’m looking at buying my first home this summer. Right now I live in an apartment right outside Philly and spend more money on rent than most pay for a mortgage. I need a house with a little land to raise chickens, grow fruits/vegetables, store canned food – and to be as independent from the system as I can. For my job, I wanted a skill/trade that people would always need, so I picked the funeral business. On the side, I work in construction and have been learning everything there is to know about building with my own two hands. I feel as though these old forgotten skills are going to be handy in a short while.
Hopefully we can get a lot more people to wake up and start breaking out of “the matrix” of control that is all around us.
Right now, the system is designed to continually funnel more money and more power to the very top of the pyramid. The global elite are becoming more dominant with each passing day. Unless something dramatic happens, at some point the American people will become so powerless that they won’t be able to do anything about it even if they wanted to.
The idea of a very tiny elite completely dominating all the rest of us goes against everything that America is supposed to stand for. In the end, it will result in absolute tyranny if it is not stopped.
Source: The Economic Collapse
“Affirmative Action” Obama Not Being Held Responsible For Anything
February 23, 2013 by Administrator · Leave a Comment
It appears that “affirmative action” reached the White House in 2008 and continues in 2013. Barack Obama, a freshman U.S. Senator from Illinois, with no expertise and no history of any accomplishment—scored an “affirmative action” victory that catapulted him into the highest job on this planet. To be fair, he ran against another incompetent by the name of John McCain.
Obama reached the White House with a silvery tongue and no experience whatsoever for running the most advanced, complex and in-debt country on Earth. At the time of his election victory in 2008, 36 million Americans subsisted on food stamps. Another 14 million Americans stood in unemployment lines. A full seven million suffered underemployment. Two wars raged costing taxpayers $12 billion a month. Illegal migration netted over 20 million border jumpers assisted housing, jobs, medical care for their babies, free schooling for their children and immunity from deportation.
The national debt in 2008 ran a mind-numbing $12 trillion. State debts ran into the billions. Consumer debt ran into the trillions. Obama promised to reduce global climate destabilization. At Obama’s inauguration, he promised jobs, reducing the debt, stopping the wars and restoring national pride. He promised too many things to too many people with no idea or talent or experience for solving this nation’s predicaments.
All talk!
Several decades ago, our U.S. Congress created “affirmative action.” A person without qualifications, without enough education or skills, would be given a job over more qualified persons—because of their color. Millions of minority citizens grabbed jobs whether they qualified for those jobs or not. Government forced employers into quotas.
When someone lacks qualifications, everyone else in the workplace must pick up the slack; do more work, while the unqualified person enjoys the same wages and benefits. But no one can complain, gripe or show any distress for fear of being called names.
“I can’t do my job, if you don’t do yours. I also can’t do my job. Can you do mine, too?” Jarod Kintz
Today, our “affirmative action” President Barack Obama failed in his first four years and he failed dramatically.
Our national debt skyrocketed from $12 trillion to $16 trillion—and it’s headed for $20 trillion within the next four years. He lacks the personal dynamic and/or personal skills to stop it or hire someone who will stop it.
President John Adams said, “There are two ways to defeat a country: by the sword or by debt.” Mr. Obama pushes us toward that deadly cliff faster and faster.
While he enjoyed an “affirmative action” Nobel Peace Prize for doing nothing to stop our two wars in the first few months of his holding office, he allowed both wars to continue for most of his first four years. He finally pulled out of Iraq in his fourth year, but he continues waging war in a goat herder, third world country called Afghanistan. Ironically, more of our young kids have committed suicide in the U.S. military than have been killed in combat in Afghanistan. War scrambles a young man’s mind, but Obama never served, so he wouldn’t understand.
When Obama reached the White House, 36 million jobless Americans subsisted on food stamps. Today, in 2013, that number accelerated to 47.7 million Americans eating off the backs of the rest of us who still work jobs. At the same time, we still suffer 14 million unemployed Americans and seven million underemployed.
Obama lacked skills or ability to stop endless importation of manufactured goods from China and other countries to the tune of $700 billion annual trade deficits. Wouldn’t anyone with half a brain figure it out, “If I stop importing $700 billion in manufactured goods from China annually, I could transfer those jobs to Americans and create manufactured goods over here. I could lift up America’s minorities, of which, I am one of them, and move them into jobs so they could enjoy a living wage, housing and provide food for their families. Additionally, with 68 percent of African-American children living with single mothers and 99 percent of them subsisting on welfare—perhaps my astute actions could provide jobs for those children’s fathers and bring families together.”
But instead, no one talks about this president’s total lack of skills or ability to make good on his promises. Like all “affirmative action” job holders, he’s in over his head. He’s incompetent, but no one dares speak a word about it.
With our 47.7 million food stamp receivers along with 14 million unemployed Americans, this president not only continues to import 100,000 legal immigrants every friggin’ 30 days—he’s about to present a gift of total amnesty to 12-20 million border hoppers, fence jumpers and cheats—called illegal alien migrants. They already depress wages and steal over 8 million jobs from our working poor, but now, an amnesty will encourage millions more to cross our porous borders.
For the life of me, we voted Obama back into office without questioning his utter failure as a president. We also voted the likes of other incompetent leaders like Senators Feinstein, Hatch, McCain, Udall, Bennet, Schumer, Levin and other congress-critters back into their positions of incompetence. None of them serve the interests of the American people, but instead, cater to other countries and illegal migrants along with their corrupt employers.
In the meantime, our infrastructure rots, our schools fail, our environment degrades, our air pollution accelerates, our water depletes, our quality of life deteriorates and our standard of living drops like a brick in water.
Frosty Wooldridge has bicycled across six continents – from the Arctic to the South Pole – as well as six times across the USA, coast to coast and border to border. In 2005, he bicycled from the Arctic Circle, Norway to Athens, Greece.
He presents “The Coming Population Crisis in America: and what you can do about it” to civic clubs, church groups, high schools and colleges. He works to bring about sensible world population balance at his website: www.frostywooldridge.com
Frosty Wooldridge is a regular columnist for Veracity Voice
Americans Don’t Want Blanket Amnesty For Illegal Aliens
February 14, 2013 by Administrator · Leave a Comment
While Congress and Obama push for mass amnesty, the American people do not want to be flooded with 12 to 20 million more unskilled, uneducated people ushered into the United States.
The majority of law-abiding, taxpaying American citizens understand that legalizing 12 to 20 million illegal aliens will create a “Human Katrina Hurricane” flooding into the United States. Ironically, with 47 million Americans subsisting on food stamps and another 14 million unemployed Americans—it makes no sense to legalize a minimum of 12 million foreigners that will tap directly into America’s jobs, Social Security, health care, assisted housing, welfare and educational systems.
What irks me stems from the statement, “Our immigration laws are broken.” Fact: our immigration laws have not been enforced for over 30 years. They crash our borders with impunity. They work illegally with immunity. Illegal migrant employers like McDonald’s, Hormel, Tyson Chicken, Chipotle’s, Marriott Hotels, construction firms and more—get away with endless crime of forged Social Security cards, fraudulent cash payments and displacement of Americans citizens from jobs.
If Obama wins an amnesty, we all lose. We lose because he won’t enforce any “new” immigration laws. That will encourage millions of desperate people around the world to flood faster into the United States. We are no longer a sovereign country, but a destination.
Not considered by Congress, that 12 to 20 million illegal migrants will be able to bring in at least 10 of their immediate family through “family reunification.” That will accelerate the flood of humanity into the tens of millions beyond the original amnesty.
The Center for Immigration Studies, www.cis.org , announced the results of a national survey that found 52 percent of likely voters want illegal aliens to their home countries. Only 33 percent preferred they be given legal status. The results, which were published in a new CIS report, are based on polling conducted by Pulse Opinion Research.
“Poll wording matters. Most post-election polls on immigration policy have given the public the false choice of conditional legalization or mass deportations. This poll uses neutral wording that allows us to know the views of the American public,” said Dr. Steven Camarota, CIS’ Director of Research. “With border security and the enforcement of immigration laws being a key issue with legislators, the fact that 70 percent of those polled were not confident that immigration law would be enforced if there is legalization and 69 percent believed providing legal status to illegals would encourage more illegal immigration is a good indicator of public sentiment.”
Among the findings of the survey:
- Of those who want illegal immigrants to return home, 73 percent said that they felt “very strongly” about their view, while just 35 percent of those who support legalization said they felt very strongly about their view.
- One reason the public may prefer that illegal aliens go home is a strong belief that immigration laws have not been enforced — 64 percent said that enforcement of immigration laws has been “too little”, while just 10 percent said that it had been too much, and 15 percent said it was “just right”.
- When asked why there is a large illegal population, voters overwhelming (71 percent) thought it was because we had not made a real effort to enforce our immigration laws. Only 18 percent said it was because we didn’t allow in enough legal immigrants.
- About two-thirds of voters (69 percent) agreed with the statement that “giving legal status to illegal immigrants does not solve the problem because rewarding law breaking will only encourage more illegal immigration.” Just 26 percent disagreed.
- Only 27 percent of voters expressed confidence that immigration laws would be enforced in the event of a legalization, while 70 percent said they were not confident laws would be enforced.
- 53 percent said they would be more likely to support a political party that supports immigration law enforcement while 32 percent indicated that they would be more likely to support a party that supports legalization.
We Americans must ask ourselves if we want our country continuously flooded with an endless line of legal and illegal immigrants. If we don’t we must take action.
You are not alone with your concern about America’s future. You can take action. Join www.CapsWeb.org ; www.CIS.org ; www.NumbersUSA.org ; www.Fairus.org
Frosty Wooldridge has bicycled across six continents – from the Arctic to the South Pole – as well as six times across the USA, coast to coast and border to border. In 2005, he bicycled from the Arctic Circle, Norway to Athens, Greece.
He presents “The Coming Population Crisis in America: and what you can do about it” to civic clubs, church groups, high schools and colleges. He works to bring about sensible world population balance at his website: www.frostywooldridge.com
Frosty Wooldridge is a regular columnist for Veracity Voice
Immigration Reform Places Interests of Illegal Aliens Ahead of Americans
January 30, 2013 by Administrator · Leave a Comment
You must understand the duplicity of our U.S. Congress and President Obama. They place the interests of illegal aliens and businesses who hire them over and above American citizens. The White House and Congress place illegality of businesses who hire illegal aliens and the illegality of the alien migrants—over and above 47 million Americans who cannot secure jobs, but must live on taxpayer funded food stamps.
Ironically, Obama and Congress import 100,000 legal immigrants every 30 days in light of the fact that we suffer 14 million unemployed Americans. They import green card holding Somalian, Congolese, Sudanese and Indian immigrants who displace and take jobs from our own minority working poor. When those immigrants can’t find jobs, they apply for and receive welfare in free food, housing, medical and allowances. It costs you billions of dollars as a taxpaying American. With 100,000 added every 30 days, there is not letup.
Yet, Congress and Obama want to legalize 20 million illegal aliens to give them access to our Social Security, housing, food stamps, medical and schools. In a swoop of the pen, our financially broken and $16 trillion in-debt country will take on 20 million dish washers, nannies, gardeners and unskilled and uneducated poor. It defies anyone’s imagination.
They won’t enforce the laws on the books, but they want to legalize illegality. They won’t enforce any new laws either, thus, millions more can be expected to pour into America like a Human Katrina.
“Most Western elites continue urging the wealthy West not to stem the migrant tide [that adds 80 million net gain annually to the planet], but to absorb our global brothers and sisters until their horrid ordeal has been endured and shared by all—ten billion humans packed onto an ecologically devastated planet.” Dr. Otis Graham, Unguarded Gates
Dan Stein, president of The Federation for American Immigration Reform, www.FAIRUS.org talk about what we face this week.
“President Obama’s outline for overhauling the nation’s immigration policy places the interests of illegal aliens above the vital interests of American workers and taxpayers,” said Stein. “The president’s speech in Las Vegas sketched out a reform plan designed to aid and abet those who broke our immigration laws, increase competition for American workers, and pander to those who politically profit from illegal immigration, rather than truly fix a system that has been broken for decades.
“President Obama’s plan offers nothing to American workers except the certainty of even greater competition for scarce jobs and further suppression of their wages. It offers nothing to American taxpayers except assurance they will pay ever increasing costs as millions of low-skilled illegal immigrants move through the amnesty process and become eligible for government assistance programs.
“President Obama’s immigration reform plan is sadly premised on the notion that it is the illegal immigrants who are the victims of our nation’s dysfunctional immigration policies, and our policies must be changed to address their grievances. In fact, it is the American people who are the true victims of our dysfunctional immigration policies, and especially this president’s defiant refusal to enforce laws meant to protect them.”
“Immigration “reform,” as outlined by the president, would not only leave our failed policy of family chain migration in place, but would actually speed up admissions of extended relatives who enter the country irrespective of their job skills and education. The plan also calls for increases in employment-based immigration, even as we are still grappling with historically high levels of unemployment affecting workers in virtually all segments of our labor market.”
While promising amnesty and increased legal immigration, President Obama offered nothing regarding enforcement of the law, except maintaining the same non-enforcement policies he has implemented during his first term.
“Given President Obama’s record on immigration enforcement, his promises to secure the border and enforce federal law are simply worthless,” responded Stein. “For one thing the GAO recently chastised the administration for its claims that our borders are under control by noting that the administration does not even have a ‘yardstick’ for measuring operational control of our borders.
“Second, President Obama has asserted virtually unlimited discretion to ignore the immigration laws. He has also demonstrated a willingness to grant blanket work authorization to entire classes of illegal aliens. Much like REAL ID, it could be years, even a decade or more, before the mandate for universal E-Verify is carried out. In the meantime, countless millions of new illegal immigrants are likely to show up with the assurance that as long as they do not commit a violent crime, there will be no consequence for violating our immigration laws.
“President Obama’s actions during his first administration made it clear that his immigration policies are geared toward satisfying the economic and political interests of illegal aliens and their supporters. The legislative plan he outlined today confirms that the interests of the American people are not part of his vision of immigration reform.”
Contact Dan Stein at www.FAIRUS.org . Better yet, join FAIR and bring your individual power to collective power with over 250,000 members.
Frosty Wooldridge has bicycled across six continents – from the Arctic to the South Pole – as well as six times across the USA, coast to coast and border to border. In 2005, he bicycled from the Arctic Circle, Norway to Athens, Greece.
He presents “The Coming Population Crisis in America: and what you can do about it” to civic clubs, church groups, high schools and colleges. He works to bring about sensible world population balance at his website: www.frostywooldridge.com
Frosty Wooldridge is a regular columnist for Veracity Voice
What Americans Can Expect From Forthcoming Immigration Amnesty
January 30, 2013 by Administrator · Leave a Comment
The American people rejected a full-out amnesty in 2007. Eight U.S. Senators conspired in secret meetings in the last week to bring back the exact same amnesty for an estimated 20 million illegal aliens now working and living in the United States.
What does it mean? How will it affect America’s poor and the taxpayer? What will be the final outcome?
First of all, we already import 100,000 legal, green card holding immigrants every 30 days. At the same time, we suffer 47.7 million Americans that cannot secure jobs while subsisting on food stamps. Another 14 million Americans cannot secure a job while seven million suffer 20 hours a week jobs at low wages.
While Congress refuses to enforce immigration job laws on the books today, it pretends that it will enforce them after the new immigration law passes. Congress will not enforce those laws because it won’t enforce the present laws.
Eight senators expected to endorse the new principles Monday are Democrats Charles Schumer of New York, Dick Durbin of Illinois, Robert Menendez of New Jersey and Michael Bennet of Colorado; and Republicans John McCain of Arizona, Lindsey Graham of South Carolina, Marco Rubio of Florida and Jeff Flake of Arizona.
According to documents obtained by The Associated Press, the senators will call for accomplishing four goals:
1—Creating a path to citizenship for illegal immigrants already here, contingent upon securing the border and better tracking of people here on visas.
2—Reforming the legal immigration system, including awarding green cards to immigrants who obtain advanced degrees in science, math, technology or engineering from an American university.
3—Creating an effective employment verification system to ensure that employers do not hire illegal immigrants.
4—Allowing more low-skill workers into the country and allowing employers to hire immigrants if they can demonstrate they couldn’t recruit a U.S. citizen; and establishing an agricultural worker program.
A. This would be a blanket amnesty. The last blanket amnesty also included language to secure the border and track visitors. Said one blogger, “U.S. Visit, a program to track visitors has never been implemented and the border is just as porous as then. In addition, few people talk about our northern border which is practically unprotected. We have seen a surge of illegal alien entry since last year when the White House occupant circumvented Congress with his “discretionary enforcement” policy. This policy is illegal as described in a lawsuit filed by federal employees of Immigrations Customs enforcement.”
B. We must educate legal residents and ensure they have a job when they leave school. Today over 10 million applicants for legal immigration wait at our doors. Illegal migrants crowd out any chance for legal immigration.
C. We have a system to identify legal residents but time after time the United States Judiciary rules against using it. It is called E-Verify. The White House refuses to enforce it.
D. Current law provides for border security: not enforced.
Reality: we do not need any more immigrants imported into this country with 47.7 million Americans that subsist on food stamps and another 14 million unemployed permanently. It’s time to take care of America’s poor, unemployed and struggling. Not illegal and legal migrants. They need to take care of their own countries and improve their own people.
In the end, ask yourself if you want 100 million more immigrants added to America within the next 37 years.
Frosty Wooldridge has bicycled across six continents – from the Arctic to the South Pole – as well as six times across the USA, coast to coast and border to border. In 2005, he bicycled from the Arctic Circle, Norway to Athens, Greece.
He presents “The Coming Population Crisis in America: and what you can do about it” to civic clubs, church groups, high schools and colleges. He works to bring about sensible world population balance at his website: www.frostywooldridge.com
Frosty Wooldridge is a regular columnist for Veracity Voice
Everyone Who Voted For Obama Voted For More Free Stuff
January 26, 2013 by Administrator · Leave a Comment
Churchill said, “Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.”
Everyone who voted for Barack Obama voted for the man because he and his party give away free stuff. Democrats push socialism at all costs. They love to take your money and give it to everyone else. The fact that the rest of us taxpaying citizens pay for all the free stuff didn’t seem to bother the majority of voters.
The fact that our country and all its citizens suffer a $16 trillion debt and headed toward $20 trillion didn’t dissuade the majority of voters to vote for Romney who proved his ability to balance budgets and create jobs. The majority voted to add another $4 trillion in debt to the US financial nightmare.
Why? Answer: more people in this country feel entitled to a lot of free stuff. Over 47.7 million Americans love their free food via food stamps. Millions more love their government jobs where they show up to sit all day doing virtually nothing that creates anything.
This lady, with 15 kids, loves to get free stuff. You may multiply her story times 10 to 20 million single mothers sporting endless children paid for by you. She pointed to all her kids in the video by saying, “Somebody needs to pay for them.”
Several million Americans love the fact that they can continue their two years of unemployment benefits so they can take long vacations on your taxpayer dollar backs.
Freebies such as medical care for 20 million illegal aliens attracted more illegal aliens who are about to become instant citizens. They will vote for another “Obama” in the next election because they expect free stuff.
Ronald Reagan himself could not win an election in today’s America.
Blog writer Pruzansky said, “The simplest reason why Romney lost was because it is impossible to compete against free stuff. Every businessman knows this; that is why the “loss leader” or the giveaway is such a powerful marketing tool. Obama’s America is one in which free stuff is given away: the adults among the 47,000,000 on food stamps clearly recognized for whom they should vote, and so they did, by the tens of millions; those who – courtesy of Obama – receive two full years of unemployment benefits (which, of course, both disincentivizes looking for work and also motivates people to work off the books while collecting their windfall) surely know for whom to vote; so too those who anticipate “free” health care, who expect the government to pay their mortgages, who look for the government to give them jobs. The lure of free stuff is irresistible.”
Most folks love to get free stuff. Free food, free gas, free housing, free rides, free living. The old America, based on European work, thrift, personal accountability, personal accountability and paying your bills—lost in the election.
As we import another 100 million third world people into this country within three decades, we will discover why they flee their own failed countries and come here to “get free stuff.”
Four hundred thousand pregnant illegal migrant women come here every year to deliver their “anchor babies” or what could be called “free stuff getters” : to get free food, housing, medical and other stuff.
Over 1.2 million legal immigrants without any skills come here annually: to get free food, housing, medical and stuff.
At some point, our financial systems collapse and no one gets free stuff. At some point, our communities suffer free fall from so many expecting free stuff. At some point, no one will get free stuff. It’s called a failed civilization.
Pity we voted for so much free stuff.
Frosty Wooldridge has bicycled across six continents – from the Arctic to the South Pole – as well as six times across the USA, coast to coast and border to border. In 2005, he bicycled from the Arctic Circle, Norway to Athens, Greece.
He presents “The Coming Population Crisis in America: and what you can do about it” to civic clubs, church groups, high schools and colleges. He works to bring about sensible world population balance at his website: www.frostywooldridge.com
Frosty Wooldridge is a regular columnist for Veracity Voice
37 Statistics Which Show How Four Years Of Obama Have Wrecked The U.S. Economy
January 23, 2013 by Administrator · Leave a Comment
The mainstream media covered the inauguration of Barack Obama with breathless anticipation on Monday, but should we really be celebrating another four years of Obama? The truth is that the first four years of Obama were an absolute train wreck for the U.S. economy. Over the past four years, the percentage of working age Americans with a job has fallen, median household income has declined by more than $4000, poverty in the U.S. has absolutely exploded and our national debt has ballooned to ridiculous proportions. Of course all of the blame for the nightmarish performance of the economy should not go to Obama alone. Certainly much of what we are experiencing today is the direct result of decades of very foolish decisions by Congress and previous presidential administrations. And of course the Federal Reserve has more influence over the economy than anyone else does. But Barack Obama steadfastly refuses to criticize anything that the Federal Reserve has done and he even nominated Ben Bernanke for another term as Fed Chairman despite his horrific track record of failure, so at a minimum Barack Obama must be considered to be complicit in the Fed’s very foolish policies. Despite what the Obama administration tells us, the U.S. economy has been in decline for a very long time, and that decline has accelerated in many ways over the past four years. Just consider the statistics that I have compiled below. The following are 37 statistics which show how four years of Obama have wrecked the U.S. economy…
1. During Obama’s first term, the number of Americans on food stamps increased by an average of about 11,000 per day.
2. At the beginning of the Obama era, 32 million Americans were on food stamps. Today, more than 47 million Americans are on food stamps.
3. According to one calculation, the number of Americans on food stamps now exceeds the combined populations of “Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.”
4. The number of Americans receiving money directly from the federal government each month has grown from 94 million in the year 2000 tomore than 128 million today.
5. According to the U.S. Census Bureau, more than 146 million Americans are either “poor” or “low income” at this point.
6. The unemployment rate in the United States is exactly where it was (7.8 percent) when Barack Obama first entered the White House in January 2009.
7. When Barack Obama first entered the White House, 60.6 percent of all working age Americans had a job. Today, only 58.6 percent of all working age Americans have a job.
8. During the first four years of Obama, the number of Americans “not in the labor force” soared by an astounding 8,332,000. That far exceeds any previous four year total.
9. During Obama’s first term, the number of Americans collecting federal disability insurance rose by more than 18 percent.
10. The Obama years have been absolutely devastating for small businesses in America. According to economist Tim Kane, the following is how the number of startup jobs per 1000 Americans breaks down by presidential administration…
Bush Sr.: 11.3
Clinton: 11.2
Bush Jr.: 10.8
Obama: 7.8
11. Median household income in America has fallen for four consecutive years. Overall, it has declined by over $4000 during that time span.
12. The economy is not producing nearly enough jobs for the hordes of young people now entering the workforce. Approximately 53 percentof all U.S. college graduates under the age of 25 were either unemployed or underemployed in 2011.
13. According to a report from the National Employment Law Project, 58 percent of the jobs that have been created since the end of the recession have been low paying jobs.
14. Back in 2007, about 28 percent of all working families were considered to be among “the working poor”. Today, that number is up to 32 percent even though our politicians tell us that the economy is supposedly recovering.
15. According to the Center for Economic and Policy Research, only 24.6 percent of all of the jobs in the United States are “good jobs” at this point.
16. According to the U.S. Census Bureau, the middle class is taking home a smaller share of the overall income pie than has ever been recorded before.
17. According to the Economic Policy Institute, the United States is losinghalf a million jobs to China every single year.
18. The United States has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.
19. According to the World Bank, U.S. GDP accounted for 31.8 percentof all global economic activity in 2001. That number declined steadily over the course of the next decade and was only at 21.6 percent in 2011.
20. The United States actually has plenty of oil and we should not have to import oil from the Middle East. We need to drill for more oil, but Obama has been very hesitant to do that. Under Bill Clinton, the number of drilling permits approved rose by 58 percent. Under George W. Bush, the number of drilling permits approved rose by 116 percent. Under Barack Obama, the number of drilling permits approved actuallydecreased by 36 percent.
21. When Barack Obama took office, the average price of a gallon of gasoline was $1.84. Today, the average price of a gallon of gasoline is$3.26.
22. Under Barack Obama, the United States has lost more than 300,000 education jobs.
23. For the first time ever, more than a million public school students in the United States are homeless. That number has risen by 57 percent since the 2006-2007 school year.
24. Families that have a head of household under the age of 30 now have a poverty rate of 37 percent.
25. More than three times as many new homes were sold in the United States in 2005 as were sold in 2012.
26. Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.
27. Health insurance costs have risen by 29 percent since Barack Obama became president.
28. Today, 77 percent of all Americans live paycheck to paycheck at least part of the time.
29. It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.
30. The total amount of money that the federal government gives directly to the American people has grown by 32 percent since Barack Obama became president.
31. The Obama administration has been spending money on some of the most insane things imaginable. For example, in 2011 the Obama administration spent $592,527 on a study that sought to figure out once and for all why chimpanzees throw poop.
32. U.S. taxpayers spend more than 20 times as much on the Obamas as British taxpayers spend on the royal family.
33. The U.S. government has run a budget deficit of well over a trillion dollars every single year under Barack Obama.
34. When Barack Obama was first elected, the U.S. debt to GDP ratio was under 70 percent. Today, it is up to 103 percent.
35. During Obama’s first term, the federal government accumulated more debt than it did under the first 42 U.S presidents combined.
36. As I wrote about yesterday, when you break it down the amount of new debt accumulated by the U.S. government during Obama’s first term comes to approximately $50,521 for every single household in the United States. Are you ready to contribute your share?
37. If you started paying off just the new debt that the U.S. has accumulated during the Obama administration at the rate of one dollar per second, it would take more than 184,000 years to pay it off.
But despite all of these numbers, the mainstream media and the left just continue to shower Barack Obama with worship and praise. Newsweek recently heralded Obama’s second term as “The Second Coming“, and at Obama’s pre-inauguration church service Reverand Ronald Braxton openly compared Obama to Moses…
At Metropolitan African Methodist Episcopal Church, Braxton reportedly crafted his speech around Obama’s personal political slogan: “Forward!”
Obama, said Braxton, was just like Moses facing the Red Sea: “forward is the only option … The people couldn’t turn around. The only thing that they could do was to go forward.” Obama, said Braxton, would have to overcome all obstacles – like opposition from Republicans, presumably, or the bounds of the Constitution. Braxton continued, “Mr. President, stand on the rock,” citing to Moses standing on Mount Horeb as his people camped outside the land of Israel.
But it wasn’t enough to compare Obama with the founder of Judaism and the prophet of the Bible. Braxton added that Obama’s opponents were like the Biblical enemies of Moses, and that Obama would have to enter the battle because “sometimes enemies insist on doing it the hard way.”
So what do you think the next four years of Obama will bring?
Source: The Economic Collapse
A Stunning 57% of Illegal Immigrants on Welfare
January 16, 2013 by Administrator · 1 Comment
In January, 2013, fully eight million illegal alien migrants live, work and play in America in violation of U.S. immigration laws. Their children attend American schools, receive free medical care, transportation and food stamps. Those eight million migrants displace America’s working poor from jobs. The U.S. Congress refuses to enforce work laws internally. (Source: www.fairus.org)
At the same time, millions of illegal alien migrants subsist on U.S. taxpayer funded welfare programs. Those illegal migrants feed, house and medicate themselves on taxpayer dollars.
Dr. Steven Camorata at the Center for Immigration Studies exposed a glaring problem: A report by the Center for Immigration Studies (www.cis.org) reveals some startling figures about welfare and social-services use by families headed by illegal immigrants.
“In 2010, 36 percent of immigrant-headed households used at least one major welfare program (primarily food assistance and Medicaid) compared to 23 percent of native households,” summarizes the document which was published by the Center for Immigration Studies– and examines a wide variety of topics relating to immigration. Click HERE to read the full report.
“The document breaks down the immigrant (some are legal, most are illegal) families by country of origin… and gives specific types of welfare and percentages of the families that used it in 2010,” said Camorata. “On average, fewer than 23 percent of native households use some type of “welfare” which is specifically defined in the study. On the other hand, 36 percent of households headed by immigrants (some legal, most illegal) use some type of welfare. Some nationalities use “free” social-services more than do others..
“Families headed by immigrants from specific countries or areas of the world range from just over 6 percent for those immigrants from Great Britain to more than 57 percent of those from Mexico (mostly illegal) using some type of welfare.”
In light of this fraud against the American taxpayer, the Congress, along with President Obama expect to pass a total amnesty for over 12 million and as high as 20 million illegal aliens. At that point, they will be able to tap into food stamps, assisted housing, medical care, education, tutoring, ESL and many other aspects provided by the American taxpayer.
“This comprehensive study suggests there are more than 40 million immigrants in the United States… of which more than a 25 percent of that number, and the largest overall group, originate from Mexico,” said Camorata. “While other independent experts tell us we now host more than fifty million “immigrants” (not legal U.S. citizens, and the vast majority are illegals)… this study estimates that approximately 28 percent of immigrants, or just over 11 million, are within the United States illegally. This study also suggests (intentionally conservative estimates) that nearly 50 percent of those immigrants originating from Mexico and Central America are here illegally.
This report is very comprehensive… and examines various statistics of immigrants currently residing in the United States. Overall, state and federal aid use by immigrant families is much higher than that used by families headed by citizens of the United States.
“Many states suffer more than others,” said Camorata. “California, Texas, Illinois, and Florida taxpayers bear a huge burden. The large population of immigrants, both legal and illegal in Eastern Washington and even Spokane affects the state’s budget dramatically.
“Meanwhile,the approaching fiscal cliff is forcing congress and the current administration to contemplate huge cuts to services. Welfare use by immigrants, both illegally and legally within the United States, should be thoroughly examined and considered in making those cuts.”
If you would like more information, you may visit Dr. Steven Camorata at www.cis.org
Frosty Wooldridge has bicycled across six continents – from the Arctic to the South Pole – as well as six times across the USA, coast to coast and border to border. In 2005, he bicycled from the Arctic Circle, Norway to Athens, Greece.
He presents “The Coming Population Crisis in America: and what you can do about it” to civic clubs, church groups, high schools and colleges. He works to bring about sensible world population balance at his website: www.frostywooldridge.com
Frosty Wooldridge is a regular columnist for Veracity Voice
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