Obamageddon
Richard Salbato - 7-6-2009
There are very informed people who have predicted that the Federal, State
and Local governments of the
I always go by simple logic, what works and what does not. Show me the results, the long-term
consequences, good or bad, and then I will listen to you.
The best non-religious person I have ever read on future trends,
is Gerald Celente. As far as I know he
has been 100% correct on his predictions.
He predicted the dot-com boom and bust, every recession since President
Carter, the housing boom and bust, the banking collapse, etc. I read one if his first books years ago, predicting
that we would become the information age, and predicted the Invention and expansion
of the Internet world wide. He also
predicted the end of the house phone, and the spread
of cell phones before we ever had them.
I am still waiting his prediction of the end of TV because of
computers.
To understand what I mean by Obamageddon, let us look
at the facts and extend them out to 2012, but I will show later how this may
happen this year. What am I talking
about? Thinking people are predicting
the greatest world wide economic depression in history, and civil riots as the
consequence. Thinking people are seeing
the total collapse of most of the governments throughout the world. Here are the facts:
Fact 1 - Economics
Debt is not a problem to people or to
nations providing that the debt produces more wealth than it costs - it
produces more wealth than it costs in payments per year. Let us look at the American debt.
The
current debt (deficit, promises for those big programs, SSI,
Medicare, Medical, pensions, veterans health care, government employees
retirement obligations and medical care) comes to a total of $43 trillion -$145,000
per American , or $350,000 for every full-time worker. This does not include
the not yet passed Cap and Trade and Health care bills. That
is not what the News Media is telling me.
The
trade deficit - the difference
between what
Americans, who go into debt to keep
living a life beyond their means, are spending more and more of that borrowed
money to buy goods from overseas. At the
same time, the government provides more services to the public than it can
afford to - and goes into debt to cover the cost.
Other nations actually purchase that
debt, in the form of U.S. Treasury bonds and notes. Those bonds have
increasingly been snapped up not just by private investors but by foreign
banks. Japanese investors hold the most
In a very real sense, the
But the lack of fiscal discipline in the
If those banks reduced their dollar
holdings or were simply less willing to invest so much, it could spark a sharp
fall in the value of the dollar and that could create a host of economic
problems.
China's decision last month to uncouple
the value of its currency from the dollar and tie it instead to a basket of
different currencies could make the dollar's position less exposed to a quick
shift by international investors - or it could spur those investors to look
elsewhere and leave the United States' position more precarious. Now, instead
of holding American Dollars, nations like
Inflation
World "experts" in money markets like
Cliyde Prestowitz, Warren
Buffet and George Soros are betting on a major crash
of the dollar in the near future. Prestowitz thinks it will be greater than the Great
Depression of the 1930s. Here are the
reasons.
As the debts go up, the government needs more
money, but if they tax the people more, they end up with less because more
people end up out of work, and business cannot grow. To sell bonds they have to raise the interest
on the bonds, and that raises the interest at banks, mortgages, credit of all
kinds, which slows the GDP and jobs.
If they print money that is not backed by GDP
they create the greatest hyper-inflation, which is the worst kind of tax on
everyone and this will cause the great depression. Already in the last 5 months we have printed
one trillion un-backed dollars, and will have to print trillions more very
soon. Within two years, what one dollar
can buy now, will cost two dollars.
Baby Boomers
Adding to this problem is the
coming retirement of the baby boomers, the generation born between 1946 and 1964. To commemorate this occasion, the Census
Bureau has compiled a collection of facts relating to, perhaps, our most
celebrated generation.
78.2 million - Estimated number of baby boomers, as of July 1, 2005. http://www.census.gov/popest/national/
7,918 - Number of people turning 60 each day in 2006, according to projections. That amounts to 330
every hour. http://www.census.gov/ipc/www/usinterimproj/
How much does that add to the unfunded SSI per year? Most of these people will live past 80 and 90
and that means they will collect an average of $275,000 x 78,000,000 people. And this does not include the future cost of Medicare. Congress knows this but will not talk about
it. Where
is the news media, the so-called watchdog of government?
Real Unemployment Rate
Here
is a June 2009 version of the summary that calculates the Effective
Unemployment Rate, which is now 18.70%,
and the Effective Number of Unemployed, which is now
30,172,000.
There
are currently 14,729,000 officially unemployed workers, as announced. However,
this figure does not include the combined 15,443,000 workers either (1) in the
“labor force reserve” because they have abandoned their job searches (i.e.,
4,278,000) or (2) underemployed because they are “part-time of necessity”
(i.e., 8,989,000) or “otherwise marginally attached” (i.e., 2,176,000).
The
effective unemployment rate is therefore 18.70%, instead of the official 9.51%.
Since
the start of the recession in December 2007, the number of workers who are
officially unemployed has increased by 7,188,000, while almost twice as many
workers - 13,290,000 - have become effectively unemployed. And all the while, we should have been creating around 2,250,000 new
jobs (i.e., 18 months times 125,000 jobs per month) just to keep up with
population growth.
In
June, the number of workers officially unemployed increased 218,000, while the
number of workers effectively unemployed actually decreased 35,000.
It’s
important to see the entire picture of
I
recognize that credit bubble related recoveries are hard to work out and are
usually quite slow — with job growth at the back end. This all makes sense —
but with Christina Romer out raising expectations
again with giddy talk predicting a V-shaped recovery and given the “jobs,
jobs, jobs” mantra of President Obama himself — the gap between the job figures
expected and the disappointing economic realities generated may be politically
consequential.
Gerald Celente
Predicts Public Revolt
Trends Research Institute opines : Taxed to death, angry at government bailouts,
outraged by Wall Street greed, and bitterly resentful of a system that rewards
the undeserving rich, the American
public is ready to revolt.
“The Tea Parties and Tax Protests sprouting across the nation, which we had
predicted, are harbingers of revolution,” said Gerald Celente, Director of The
Trends Research Institute. “But they are not enough. Much stronger and directed
action is required. Our call for ‘Revolution’ will galvanize the people, destroy
the corrupt ruling systems, and produce a prosperous and more just
nation.”
The Revolution Celente proposes is unique in concept and bold in execution. It
is about a lot more than just “taxation without representation.”
“Nothing short of total repudiation of our entrenched systems can rescue
The country is restless, and ripe for radical reform. There is no doubt
protests will proliferate and intensify. In response, the government will call
out the troops and bring in the police. They will use the Patriot Act to
silence, detain, harass, persecute and prosecute groups and individuals
exercising their Constitutional rights. But Celente’s Revolution need not degenerate
into violence or open warfare.
“Intellectual Revolution”
“I am calling for an ‘Intellectual Revolution’. I ask American
citizens to free their minds from the tyranny of ‘Dumb Think.’ This is a
revolution about thinking – not manning the barricades. It’s about brain power – not brute force.”
For society to survive and grow, it must wake up and grow up. Americans must
acknowledge what their opinions are based on, who they listen to … and
why.
What are
Who do the people listen to? A closed circuit of familiar faces guaranteed to
take predictable positions. Authorities on nothing, yet pronouncing upon
everything; a cadre of media aristocrats, pretending they’re the people’s
voice.
TV tough guys, broadcast big mouths and Beltway
blowhards have now been joined by featherweight comics throwing powder puff
punches at sitting targets.
Gerald Celente – Obama Deception, The Emperor Has
No Clothes.
Gerald Celente – Famine and Riots Worldwide!
Gerald Celente on Financial Sense News Hour
Gerald Celente – Greatest Depression Underway !
Gerald Celente – Criminal
Congress, March 2009 Depression Crisis
Celente – Code Red ! Economy
in Collapse !
Gerald Celente – Trends 2009
Gerald Celente – Israel War to Ignite Terror, Threaten
Global Economy and possibly Spark World War III
Economic Meltdown 2009 – Gerald Celente, Bob Chapman
& Robbie Noel
Economic Collapse of 2009 – Greater than Great
Depression of 1929
Now if you think the above is a little exaggerated, lets
see what you do not know from the media.
Now each of these facts has been reported someplace at least once, but
never put together so that people can see the relevance of this news. A few months ago
In the last week an Israel Sub crossed the Suez canal
with the permission of
Now, how does that affect what I have written above? What will
What then will
Even though we get almost no oil from the
That is why I say that the prediction for 2012 may in fact be 2009.
Tea Parties and the
Media
Now if you did not get the above information from the News Media, you are
not surprised that not one News Outlet covered the thousands of Tea Parties on
the
Sarah Palin &
the Media
Why does the Major News Media attack and attack Sarah Palin in the most
blatant slander in the history of
The most recent attack on her, is the New York
Times, who reported that the FBI was investigating her for something, but they
did not know what. It was a bad move by
the NYT because her lawyer contacted the FBI and there is no investigation or
any even asked for. Now her lawyer is
going to sue them and any other news media that slanders her without
facts.
What they are afraid of they attack or ignore.
Control of
Elections & the Media
The last election had hundreds of thousands of votes that were fraud, and
the FBI is investigating this in at least 13 states so far. This is not reported by the media. Acorn is being investigated by District
Attorneys in 8 states for voter fraud and not one media outlet is reporting on
this except Glen Beck. Most recently
Obama transfered the authority over the census to the executive branch where
there is no oversight by the Congress, and now they are going to put Acorn in
charge of this.
Now, consider this, almost all union members vote Democratic and most union
members work for the government – fed, state, and local. Most teachers, policeman, firefighters,
government health workers are union members. Right now 28% of the work force
works for the government. That means the
right off the bat, Democrats have 28% they can count on for votes. By expanding the government another 10%
before the next elections in 18 months, they can have a block of 38% of the
vote. If you add to that another 10% who
are collecting welfare, food stamps or extended unemployment checks, they have
48% without even trying.
Acorn & the
Media
Acorn is part of a conglomerate of over 250 Tax
free organizations who receive hundreds of millions of dollars from the Federal
and State government (even the Catholic Church) and they refuse to let anyone
look at their books to see where the money goes. What news media is covering this, and why
not?
Now
lets look at how the media covered the Honduran
President problem. I am sure all you
know is that the military arrested their elected President, Manuel Zelaya, and sent him out of the country in a military
coup. Obama and the Organization of
American States have condemned the action as a blow against Democracy and asked
that he be reinstated. That’s what you
know but is it the truth?
The
truth is that Zelaya was elected 3 -1/2 years ago and
had 6 more months in office. But because
of his socialist ideas he lost his support and today has less than 30%
popularity. He knew this so he tried to
change the constitution so that he could continue at president for 4 more
years. The Supreme Court of Honduras
ruled that he cannot do that. The
Congress of Honduras voted that he cannot do it and cannot call a referendum to
change the Constitution. He refused to
obey the Supreme Court or the Congress, so the government ordered the military
to remove him from office. This is the
democratic way and was proper. Even the
Church wanted Zelaya out of office and
impeached.
Why
then has the news media, Obama and OAS sided with Zelaya? First of all, Obama thinks Presidents are all
powerful, even over the Constitution, which he violates everyday. OAS is mostly made of Socialist countries and
do not like Constitutional governments.
The news media is progressive, meaning they do not like fixed laws.
Now I ask again, are you being
properly informed?
Chastisement
Our Lady of Fatima promised that in the
end Her Immaculate Heart will triumph and there will be a period of peace in
the world. This has not happened and in
fact it does not seem possible the way the world is going now.
Considering that from a theological point
of view, peace without justice is not peace, then
there is no peace unless there is world wide justice. The peace of the Romans was just the lack of
war, but without justice. Mary's peace
has to be with justice for all, quoting the American constitution.
Last year all the bishops of
Even if
God
will not be mocked
The
only thing that could cause a world wide simultaneous civil war scenario is a
world economic crash. This is the only
scenario that fits all the 104 prophesies I have read and the only scenario I
can envision that can bring about Mary's Triumph.
The price will be high and no one will
like it but in the end God will not be
mocked by anti-God governments like in Europe, anti-life governments like
in
God
will not be mocked by the failure of
Christians to come together in the true Body of Christ even after 70 years of
pleading. God has to do this because we
are not doing it.
I am convinced God will shake the world
into sanity and I look forward to it.
You might as well look forward to it, because there is no other way to
bring about peace with justice.
If
People Power
Americans are gradually waking up. But more Americans need to quickly
awaken to the state of their country. The country is in a big mess and going
downhill to a hyper-inflationary depression. Their government is not serving them, it is serving the corrupt financial interest. The
corrupt Wall Street banksters have taken over the
entire system.
Taxes are rising when more and more people are losing their jobs. Bailout
monies are given away to corrupt and incompetent institutions so that they can
continue gambling on their exotic derivatives. Your children and grand children
will be paying off these debts for decades to come.
The reality is: these debts can never be paid off.
Like the People of the Philippines, then Poland, then Russia and 87 other
countries from 1984 until 1990 these people went to the streets and took back
their countries by people power, people who were willing to stand up to oppressive
governments and take back the power, people who were willing to monitor voting
booths and stop fraud.
The people of
Richard Salbato