Wednesday, August 3, 2011

We The Stupid

We The Stupid
"Back to the $2 Trillion that Obama is being handed. I honestly think that most people in this country have no understanding of simple counting numbers. Do you not understand how much a trillion is? Where do you think this money is going to come from -- who has two trillion dollars to loan us? China? Nope. Not even close. China's entire GDP is only $6 Trillion. Do you honestly think that China is going to loan us one third of their total annual economic production? China was a huge creditor to us back when $100 Billion was considered a staggeringly large amount of money - which was four years ago. Now $100 Billion is literally a rounding error. Do you realize that there are only a handful of nations of this planet that even have a GDP in excess of $2 Trillion? If these countries loaned us every penny of their GDP, it wouldn't even be $2 Trillion:

Canada ($1.57 T)
India ($1.54 T)
Russia ($1.46 T)

Are you starting to understand the scope of what we are talking about now? Obama is going to embezzle considerably more than the entire economic output of Canada, India or Russia to his cronies before the 2012 election -- and that is just counting this round of spending. This doesn't include the other $5 Trillion he has already burned through since 2009.

China is not going to lend us this money because they simply don't have anything close to that much money to lend. This $2 Trillion is going to come from the Federal Reserve. Where is the Federal Reserve going to get $2 Trillion? They are going to print it out of thin air. We are in the midst of the largest currency debasement ever seen in human history. There is only one result that can come of currency debasement: hyperinflation and total economic and societal collapse."

This excellent article from The American Thinker site should be required reading for all Americans - TODAY! Call your legislators and get involved people! And if they refuse to listen? Recall them. If your state has no provision for recall? Get your state legislators to introduce one.


"While they promise them liberty, they themselves are the servants of corruption: for of whom a man is overcome, of the same is he brought in bondage."
~ 2Peter 2:19

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