The Fat Lady Is About To Sing!

Back on Dec. 9, 2009, I had written that the Dubai problems would be nothing in comparison to the possible then - but reality now - economic earthquake that was about to hit Greece. Well, guess what…the earthquake has come with a force capable of derailing the global economic recovery from Athens to Beijing and everything in-between. Now add onto that the economic after-shocks coming from Spain, Italy, Ireland Portugal and possibly Cyprus, and you can kiss your so called global recovery good bye. As much as I hate giving bad news, I must tell you, the worst is yet to come.

Here in the U.S. of A, things are not any better in spite of what the Wall Street blood suckers and their Washington puppets tell you. Our economy is still in a recession and if any of you think otherwise, you need to change your pharmacist. We have an economy based on debt, lies, doctored statistics, disinformation, financial tricksters, crooks, greedy self-serving bankers and pathetic investment managers, whose only concern is how they can fill THEIR pockets with YOUR money.

So wake up people and take back what’s yours…and if you can, take it back with interest.

The statistics that came out today Feb. 5, 2010, show that in January we lost 20,000 more jobs and somehow inexplicably the unemployment rate went down from 10% (which in reality is more like 13%) to 9.7%. Well friends, unless you are smoking horse shit, you know that’s not possible. These government a-holes must really think we are all lobotomized rednecks from the Bible belt. A more likely scenario is - the government cronies who publish the stats, somehow got their signals screwed up and published unfiltered information.

The economic toilet flush from Greece, is infecting the European Union. It is spreading so fast, that when it hits our shores (very soon) it will turn from a toilet flush into a tsunami. While our so called “leaders” sit in their ivory towers on Wall Street and Washington, playing smoke and mirror games with our lives and our tax money, the American economy is about to flow down the same sewer as the European one. We are whacking our finger at the Greeks, Spaniards, Portuguese, Irish, Spanish and Italians for having debts of 12 -17 % of their GDP’s while ours is over 10.5% and growing.

A normal healthy level of a country’s national debt (according to most economists) should only be at a maximum 3% of the GDP. Deficits like ours and Europe’s are unsustainable. The consensus behind closed doors is that it is possible we may hit 13% in less than two years and unless something is done now, doomsday shall come to pass. The problem is that nobody knows what to do. We are not just short of cash and political will in Washington; we are also short of brains. So, as I said back in Dec/09, buckle up your seatbelts, put on your helmets grab your parachutes, hold on to anything that will hold you, and get ready for the roughest economic crash-landing EVER! You know how they say it's not over until the fat lady sings...She's on stage getting ready...


Signing off pissed off as usual….Dr. Politikong