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He predicted the collapse years before it happened, and he speaks with reason and logic. His prediction that gold may hit 2,000 dollars an ounce is a truly remarkable statement. Investing money must wait as the economy continues to spiral downward, because investing right now may be equivalent to deep losses. Although the times may seem tempting with shares dwindling in single digits, they are low for a reason. The market has fallen, but the problem lies in it still being in free fall. Many establishments and corporations shall fail. Just as the housing market collapsed along with the credit crises so shall the US dollar. Hold your money and wait for the bottom because it is still very far away from the lowest point. Gold may be the best investment in these times.

Today the US markets fell nearly five hundred points; the sharpest single day drop since 2003. The auto industry of America is now on the verge of collapse. The auto industry remained complacent with the lobbyist bought politicians by their side. Why change the lineup of American vehicles when there is a constant demand from the consumer? Gas may get expensive sooner or later but the government that we lobby will be there to bail us out if the time ever comes. Now the time has come and Congress is wary of bailing out the auto industry, because it is a free market. This is capitalism and what happened to the notion that America allows free enterprise to either live or die based on adaptation. The auto industries lagged behind companies like Toyota to come up with more energy conservative models, instead they built gigantic SUVs that guzzled gas without void. There was no need for them to change because there was no pressure but only complacency. They should drown, and new industries should be born. Isn’t that how free capitalistic markets work. Jobs will be lost and a huge chunk of American interests will be badly wounded by the collapse, but bandaging the problem will only make the situation worse. The same is true of the credit crises. The whole economy is slowly beginning to deteriorate and the recession is beginning to gain momentum. The ripple made by the bailout is soon going to be overtaken by the tides of a greater looming danger of total economic failure.

Al-Qaeda’s number two leader, Ayman al-Zawahiri, released a new video warning of the impeding war with Obama’s new America. He blamed Obama for rejecting his Muslim roots, “You were born to a Muslim father, but you chose to stand in the ranks of the enemies of the Muslims, and pray the prayer of the Jews.” He also went on to accuse Obama of being a “house slave,” referring to him as a black man under the control of his white masters. “You have reached the position of president, and a heavy legacy of failure and crimes awaits you. A failure in Iraq to which you have admitted and a failure in Afghanistan to which the commanders of your army have admitted. If you still want to be stubborn about America’s failure in Afghanistan, then remember the fate of Bush and Pervez Musharraf, and the fate of the Soviets and British before them. Be aware that the dogs of Afghanistan have found the flesh of your soldiers to be delicious, so send thousands after thousands to them.”

The despicable message by al-Zawahiri is the sign of a weakening force of Islamic fascists. Instead of recognizing a new president with a new direction for America and the world, he continues to rail against policies that may help millions of Muslims out of the throws of despair by having America vacate Iraq. His voice is echoed through the long and lonely corridors of a crippled extremist Islamic movement. People want to move on with their lives and stop the killing. Cowardice men like him hide in the caves of Pakistan their whole lives wishing death upon others. He ignites hatred instead of resolve. He wants to instill distrust amongst Muslims who may hope for change with the coming of Obama which is a shame. I believe that every Muslim in the world deserves an apology from America regarding the unwarranted killing of the innocent in the false invasion of Iraq. However, militant dead brains such as those who operate al-Qaueda should be blown to pieces, because they are nothing more than venomous war mongers feeding off grief. They insensitively manipulate and destroy both men and women who lose hope during tough times, and make them mere human bombs to prove their own political points.

The war in Iraq was wrong and the toll it took on both the Iraqi people and the country itself was unbelievable and an atrocity for all of mankind. The war in Afghanistan should have been handled more carefully, but our presence there was warranted after an attack on America. Obama has a very long domestic and foreign road ahead filled with potholes, dead-ends, and morons. A lesson should be taught to all those cowardly militants in the caves of Pakistan and Afghanistan that their hate mongering has no place in the world today. We must march ahead with peace in our hearts. It is time our actions speak louder than our words. We must leave Iraq stable, and soon Afghanistan after stabilizing the government and handing the people peace. We must win the moderate Islamic world through diplomacy, and bring an end to destructive war and death.

These times in our present history are worrisome as the tides of instability are rising. It seems as if everything that could have gone wrong has gone wrong in our country. The path we have been so carelessly been venturing down has proven to be dangerous. The good news is that we have change in President Obama and a new administration. The effort will not solely stem from Washington DC but instead from every citizen of the world. We all need to make changes to better our lives and the lives of others.

        

 

           The free capitalistic market of America is trying to break free of Uncle Sam’s fatal grasp. Continually America has been trying to water-board the financial systems into compliance with gigantic bailouts worthy of worry. Although it has helped to further delay an inevitable collapse, the system is still desperately trying to reach equilibrium in the midst of many wobbly crises. The reaction must take place as collapse and failure may have to occur before recovery. The markets are much like Darwin’s theory of survival and natural selection as the faulty corporations fall prey to bankruptcy and ruin while profitable business prospers. The lenders were careless when handing out money like a monopoly game gone wrong, so they should bear the brunt – not the taxpayer.

                  Once again Washington DC works for the lobbyists who help win our votes for their own benefit, profit, and utilization. We are a herd of sheep mindlessly wandering from politically bought shepherd to shepherd hoping for a miracle of change. When people were losing millions of homes throughout America the US government sat idle and unshaken. However when the big money billionaires find trouble due to their own mischief, America runs to their rescue with a grand blank check. It is time for the American people to demand their country back from the elected aristocracy gone wild. Marie Antoinette once proclaimed to the French people during an economical collapse, “Let them eat cake!” Soon after she met her fate. 

           Revolution is obviously not the answer or the solution for our coming troubles, but for the aristocracy to get too comfortable in Washington DC is a complacency which may cost them more than their power once the American people awake and demand justice. I am fed up with the politics of fear for the power comes from the people in a democracy and our voices must be heard.

The media is no longer providing the American people with the complete truth regarding the financial crisis. The mainstream media is a business, and an even greater corporation directly correlated to the health of the market thus an inherit bias will obviously exist. Keep in mind that NBC is owned by General Electric, ABC by Disney, and CNN and FOX by other very wealthy companies and powerful men. The truth behind the impeding crisis will surely cause collateral damage to the richest in the world, hence hindering the truth and objectivity of the media. We have all heard about the statistic that ninety-eight percent of the world’s wealth is owned by less than one percent of the men in the world. This is an unsettling and truly disturbing reality in the world in which we live.

The dollar is no longer linked to the gold reserve, and it is now nothing more than the paper it is printed on. Since 1923 the US dollar’s value has dropped to only four cents of its relative value since that period. The decline of the US dollar has led to higher gas prices and inflation. The dramatic rise of gold prices after the bailout and the DOW’s plunge symbolized the relationship between a weak dollar and inflation. The weakening and spineless dollar paints a grim picture of a banking and economic system without a foundation. Lou Dobbs has become so sickened by the congress’s inability to act rationally that he called for its impeachment on his show on CNN. The Congressional committee on monetary policy and fiscal regulation have failed America, but they cannot be solely blamed because America has lost all its transparency.

The Federal Reserve has been prominent in the US economy after its controversial instillation in 1923. Many Americans know very little about how it functions or what the Federal Reserve actually is. For starters, the Federal Reserve is a private organization with a little tie to government audits, regulation, and intervention. Essentially it is above the law and above review and criticism. It is run by the world’s richest bank owners who are mostly unknown to both the public and the federal government. The president, the supreme court, nor the congress understand the economic undertakings that are calculated by the secret meetings held by the Federal Reserve. Alan Greenspan was a man who prided himself in believing that the US dollar could only be safe as long as it was on the gold standard, but after he was initiated into the Federal Reserve that changed.

The Federal Reserve upholds its arrogance and secrecy in our democracy because our elected leaders know very little about how the economy and how it functions. Just as we blindly handed Iraq over to Rumsfield, we have blindly handed over the fate of our economy to the richest men in the world to save Wall Street instead of Main Street. AIG, Leighman Brothers, and other giant banking institutions were saved by Bernanke Paulson. The American citizens were sold another lie that if it was not passed we would be in the largest depression of our time. We saved the richest men in the world by printing off 700 billion dollars of inflation, and we dont even know where it is all going. I think there is a problem with that.

Senators and Congressman in the Legislative branch of government were bullied and pressured to pass the Bill by lobbyist groups invading both houses from the dark shadows of the Federal Reserve. There is no transparency in our economy or government anymore, and as our dollar begins to unravel so shall our banks and hence our economy. No one can save us from the elite who are sucking the blood right out of America. We have been robbed and our lifestyles will soon be pillaged, as the richest men in the world survive with golden parachutes. We are the slaves of our banking institution, and the power for them to manipulate the world is evident. This is a feudal system with the kings living and dictating on top, and the surfs on the bottom paying taxes and being drained by a system with no escape due to debt.

The government and the elected representatives in all branches have no control over the money being issued in America. They have been bought by special interest groups. Ever wonder why billionaires like Warren Buffet pay less tax than their secretaries? Legislative loopholes are the answer and buying Congressmen and Presidents is the way they do it. Billions of dollars are needed to run for office, and only a man with great connections and loyalties can receive that amount of support from the extremely wealthy. Hence, the process is no longer free and democratic but on the contrary restricted and controlled. The organizations that watch election spending and accounting are superficial and deceptive. Money buys power, and power buys money.

The US dollar is no longer an American asset anymore than it is a receipt for our enslavement. We are bound by our debt introduced by a market based on credit, essentially uncle Sam threatens our obedience with a noose around our necks. The IRS is the police state brigade which is allowed to raid our homes and audit our labor without a concrete American law defining its existence. The patriot act allows the government to tap our calls and imprison us without due process or trial. Elections give Americans a fake taste of freedom by giving us a vote susceptible to the overturn by the electoral college or the supreme court. The Americans voted for Gore but got Bush. Is this the freedom and democracy the founding fathers sought?

Supreme Court judges are appointed by the President and his beneficiary advisers, and they chose elections, presidents, and liberty. Same goes for the Federal Reserve head Greenspan and Bernanke, we never got to vote or scrutinize them. Presidential candidates like Mike Gravel, Ron Paul, and Dennis Kuccinich who speak out against lobbyist stronghold agendas in Washington and demand America’s liberty are ousted by the media, and nudged out of the process. The media jokes about their legitimacy during elections, and ignores them during debates. Front runners are chosen by the media and given insurmountable free air time on the networks, so they essentially chose who America will support. Influential media has the power a month before an election to change the headlines and derail a presidential hopeful’s entire campaign by pounding their lives and records. The media uses polls which reflect no truth whatsoever to shift America’s political tide. One man once said that there is a damn lie, and then there is statistics. We must wake up and demand our country back from corruption.

The reason people have yet to stand up and demand justice is because they have been given a superficial life imposed and bounded by debt. We “have,” not own, nice cars, decent jobs, and have a great standard of living. However, when this system fails and chaos ensues we will all forget about leisure and just try to survive.

Congressman, Louis T McFadden, Chairman of the House Committee on Banking and Currency from 1920–31, accused the Federal Reserve of deliberately causing the Great Depression.

Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks. The Federal Reserve Board, a Government board, has cheated the Government of the United States and the people of the United States out of enough money to pay the national debt. These twelve private credit monopolies were deceitfully and disloyally foisted upon this country by the bankers who came here from Europe and repaid us for our hospitality by undermining our American institutions…The people have a valid claim against the Federal Reserve Board and the Federal Reserve banks

We are the modern day surfs, and the false illusion of our leisurely lifestyles is soon coming to an end. We borrowed and spent without thinking of saving. We were handed out huge loans we could not even afford by these gigantic and immune banks to upgrade into lavish homes. Our SUVs were hurting as gasoline prices were soaring while the war against terrorism was only draining our national resources. We were buying new Mercedes and plasma TVs with credit and equity that never even existed during a bubble created by the Federal Reserve. It was a golden age of speculation and leisure. The empire’s shining years before collapse. We were believing that America was invincible and the democratic government would save the people if the time ever came. Boy were we all so wrong, Wall Street was saved and Main Street was burned to the ground by our elected representatives.

Some may believe that there is hope and optimism in light of a new presidency and most probably Obama. Unfortunately, the truth is that things will not just change in light of a new president, especially when that new agent of “change” received the largest contribution of money from Freddie and Mae in the election. These men and women seeking office are not strong enough to change the system of the elite. Henry Ford once said that if the American people could understand the American banking system, he was sure that there would be a revolution the very next day. The super rich men raise the politicians to the presidential level, and the amount of money it takes to run for an election should be a true testament to that. The system has been stolen, and the people of America are too blind and ignorant to understand that these times are no longer about Democrat or Republican distractions. Greater powers have emerged in the light of corporate and monetary corruption run rampant by the blind eye of congress in neglect of temporary prosperous and frivolous times. The life we lead is soon about to crumble, and the Congress is already planning on the floor of both houses for the implementation of martial law. The implications are real, and the harbingers are not false alarms. The US currency is just paper floating down to its rapid demise in an economy so bloated and robbed by the forces of great influence and wealth. Brace yourselves for Hell. The joke is over, optimism is dead, and reality is soon about to hit as the world teeters near the greatest depression ever. I now understand that the America of yesterday has been done with, and the America of tomorrow is going to be ugly. I sleep with cynicism, worry, anguish, frustration, and confusion tonight as I fare the world as I knew it goodbye.

The United States government did not want to panic the American people during the last year or so of the economic recession as the housing market collapsed creating a lasting domino effect in the economy. Lenders were handing out loans like there was no tomorrow as speculation overcame rationale in prosperous economic times. The speculators were making fast bucks across the board, and people were flipping houses like an addictive past time sport. Soon enough there were a million house flipping shows and infomercials on television, because in these golden times anyone could make a quick buck. Americans were becoming over indulgent investors with minimal capital and barely any savings. We became speculators in a bubble big enough to burst the seams of any powerful capitalistic market. The extraordinary spending in Iraq and Afghanistan continued to jet the United States in debt while China provided the blank checks to do so, but we forgot that we had to pay them back. Credit was being borrowed by using real estate equity to buy expensive gas guzzling SUV showpieces as gasoline was climbing to the highest ever in history. We got ourselves into this mess and cleaning it all up now may be impossible. President Bush called the economic situation a mere “bump in the road” late last year.

On CNN special investigation unit directly after the housing market collapse and foreclosure galore, an economic analysts said something that stayed with me. He said that a recession is when your neighbor loses his or her house, and a depression is merely when you lose your own home. I believe that we are getting frighteningly near the biggest economic disaster in recent history. If the Feds didn’t step in to save the huge financial institutions last week when the DOW plunged more than it did after Sept 11, we could have had a premature depression on our hands. The Republicans who once openly denounced economic regulation are now the ones stammering to instill socialist intervention in the economy, because the election is around the corner and the GOP cannot be deemed responsible for such drought and economic despair. The middle class will suffer tremendously as this crisis gains more momentum, because the temporary band aids that have been applied by the Feds for the past year can only hold the dam for so long.

A climbing unemployment rate, higher gas prices, and more regulation may just cripple the economy and force it to its knees in the coming years. I am a student in medical school depending on my parent’s for support. I cannot even imagine the scale of devastation that a world wide depression in this century could do in the midst of an unstable war. Iran seeks nuclear weapons while North Korea and Russia already have nuclear capabilities, and all these countries have one denominator in common; they don’t like America a whole lot. The world as we knew it may have just left the golden age of prosperity as it treads into the volatile and murky waters of global politics, depression, and potential war. In the midst of a political election we cannot trust the sincerity of the government for we learned that lesson leading up to the false war in Iraq, and disingenuous remarks about a mere “bump” in the economy.

I hope this whole mess gets patched up, but I fear the worst. The grim situation in the global economy has not gotten better with the Feds constantly intervening. Times are dire and we are in need more than ever for good leadership. My compass may just be pointing toward an open-minded yet inexperienced Obama for president, even if it means higher taxes. Nation before wallet in times like these may just prove to save even the richest and greedest amongst us, while helping those less fortunate.

A Grim Economic Outlook

The economy in America is worsening, and it seems like everything that could have gone wrong is going wrong. I am not an economist nor do I have much experience in the field, but whatever knowledge I do have is obvious and conclusive. I understand that the economy is a vastly complex and intricate system, so I will try to touch on the surface of how I view the economy with my limited knowledge in hand, and the way it is affecting most Americans today. I innately approach the issue with my own bias and a cynical view of government, particularly the Bush administration. However, it is vital to understand that both Democrats and Republicans are the wealthiest men and women in the country, and it is no surprise that the elitist politicians are immune to the turbulent economy. The economy becomes a hot button issue on the campaign trail, and patching up economic problems with temporary bandages happens so often under the intense watch of lobbyists. The government is now run by the rich for the rich. Do not get me wrong though, because I believe in keeping America as capitalistic as possible, because I truly believe that less government is more government. Although I believe this to be true, it is unfair to lie and deceive the American people with monopolies, cartels, price gauging, high gas prices, credit crunch, home foreclosures, Social Security, healthcare, taxes, regulation, unions, outsourcing, and the decline of the US dollar. The harbingers of disaster are here, and the forecast ahead looks grim and dreary.

America is addicted to gasoline, and the addiction makes America especially vulnerable and dependent on dangerous suppliers like the Saudis in the Middle East. The world is growing at a phenomenal pace, and the universe is no longer revolving around the United States of America. Europe, India, and China are the biggest consumers of gasoline and in developing countries the need for gas is growing exponentially with each passing year. Strained relations in the Middle East and raging wars against Islamic nations have cast a dark shadow in our fragile links to oil rich countries. Sanctions against dangerous countries like Iran become impossible due to other strong countries dependent on Iranian oil production, and this begins to create suspicious alliances connecting countries like Russia, China, and Iran. With oil being a finite resource and the demand only growing, war in the coming years over oil rich nations may become a cause for another world war. Gasoline is used as energy in every single aspect of American life and consumerism. As goes the gas price, so goes the price of just about everything else. Today I am paying four dollars and twenty cents a gallon for my car, and four dollars and seventy cents for one loaf of buttermilk bread. If this is not insanity what is it. Fortunately, the head of our government is run by oil company investors like Bush and Cheney and I am sure that the record high profits by oil companies is not hurting them. This is a scary thought indeed. Gas directly hikes up the bottom line of all companies and is then passed down to the consumer in the form of higher prices. Gasoline consumption also ruffles the feathers of green house gases and the effect on the environment in terms of global warming.

I am not sure if global warming is a reality in its entirety, but there is no question that pollution has damaged the environment beyond repair, and greenhouse gases are to blame when fossil fuels are burned. The environmental burden of industry transitions straight into intensive regulation limiting and raising the cost production of companies, and this too trickles down to the consumer. Any company that must produce a large quantity at low prices frets over the proposition of any regulation or union empowerment. When the government pushes regulation, capitalism collides with intervention. In addition to regulation, unions force companies to pay high wages, prepare safer conditions, and cater to profit stripping demands by the workforce. Regulation plus unionization leads to a harsh atmosphere of minimal profit thus propelling the longevity of outsourcing. Outsourcing allows American companies to move their low skill manual labor to developing nations where unions and regulation are nonexistent. Bigger profits become the stimulant for leaving America to more fertile grounds for cheaper production. Are unions and environmental regulations to blame for outsourcing? The simple answer is yes, but there needs to be more incentives for American companies to keep America a producing nation, and not a dependent one. The world becomes a dangerous place when everything we buy reads, “Made in China.” It is fatal to think that the brain will reside in America, and the operation in other countries. Not being a self-sufficient and independent country makes imports the pumping heart of our country’s economy as exports no longer create a superpower presence in the world. The only solution to once again reclaim America’s powerful production lies in the innovative advancement of technology and alternative fuel.

Ethanol is the new alternate fuel bandwagon which many want to get on to make a quick buck on hype, but the crux of the problem lies in its inefficiency and the impossibility to change the infrastructure to make it work. It still does not hold the golden ticket to salvation, because it would take millions of acres to supply the country’s demand, and that would turn the crop from food to fuel. In the face of a world food shortage that could mean higher food prices and more unavailability of food on the global scale. In countries where food becomes a problem and rationing occurs, food can easily become the log of revolution and the flames that ensue the cause for mass chaos. There is little doubt in my mind that the oil special interest groups are poking holes in the alternative fuel debate for their own benefit, and that stains the glass of objectivity and future change quite a bit. This is where the government needs to utilize its grand power to pour money into research and development, because this task may be too risky for private companies to fund.

The collapse of the housing market bubble has also lead to a decline in consumer consumption and confidence. Government seems to regulate where it causes harm, and oversees regulation where it may help. The home and credit markets were a huge oversight on the government’s part as sub prime loans were being handed out to everyone just for a profit although many were not in a position to sustain the home. Then when the equity on their homes dissolved with the collapse of the housing market, so did the bank’s need to reclaim their money in bad investments. Now home foreclosures are skyrocketing and people are losing their homes left and right, so what does the government do to help the people? The answer is simple, they bail out big Wall Street companies like Bear Stearns and let the people scamper into rental and foreclosure. A government for the rich by the rich indeed. People who speculated or bought a house although they could not afford it are to blame, but so is the government for allowing this to blindly happen.

The future for the new generation also looks meek as we will continually pour our money into a sinking social security scam, and not even receive a cent. Retirement is now becoming a distant dream, because for many it will never even exist. Those who procrastinate and prolong keeping a private savings account for retirement will repent as they will find themselves working into their seventies and beyond. The economy is becoming less and less humane and individually supportive as globalization is creating a fast paced epidemic, and liquid cash goes astray in numerous credit lines and frays. Taxes continue to keep chipping away more and more by every year, because the government cannot keep a lid on its enormous spending and eventual waste. I believe that the fair tax should be enacted to keep a level playing field, so corporate and illegal loophole can be curbed with a blanket sales tax excluding necessities like food and clothing. People must pay a higher price for gas, groceries, retirement, taxes, mortgages, and now healthcare can also take all of one’s work away in an instant. For an uninsured person in America, one heart attack or car accident can get so expensive that it can cause one to lose everything.

The most important issue affecting the future health care delivery in the United States of America is the large number of uninsured individuals who put themselves and their families in harms way. The high cost of American healthcare has left many helpless individuals vulnerable to big corporate insurance and pharmaceutical companies who accumulate enormous profits through inflated costs. This uninsured dilemma prevents over forty million American citizens from receiving regular check-ups and preventive treatments, leaving millions at risk of developing many complications that could have been prevented. Families are forced to pay huge mounds of bills at the expense of their family member being uninsured. This problem is increasing with the passing of every year and will surely pose a problem in my future medical practice in the United States of America. Healthcare should be affordable and accessible for all, and those who cannot manage to afford it should be helped by the government and the more fortunate. Until the uninsured obstruction is patched up the United States healthcare system will remain broken and insensitive to the needs and wants of the people who rightfully strive for a healthier life. No one should be denied the right of health and happiness. It should not be a political or economic issue, but a humane one.

On a global level America has even dropped in status with the dollar plummeting in its rate of exchange. The European and Canadian currencies have soared above our own, illustrating just another example of how America is slowly losing its shimmer of supremacy in the world today. The dollar losing its value also has a direct affiliation with higher gasoline prices as well as soaring consumer goods prices. We are indeed in a sticky economic time, and the swells of a bad tide are steadily rising toward the shore, and when some economic analysts use terminology like recession or depression it often angers me. On CNN Special Investigation Unit, an economic analyst made a good point by saying that a recession is when your neighbor loses his or her home, and a depression is when you lose your own home. The terminology may be hazy, but the truth is far more powerful that America is indeed venturing down the wrong path, but I am reassured with the innovative and resourceful American attitude. Every country has its ups and downs, but it is vital to acknowledge them and move forward as quickly as possible with permanent and sustaining solutions.

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