Is there a way out of this mess? Is there a way this country can actually come back to the “good times” mode we have been enjoying for a while now? I look around very hard trying to find some good news somewhere. Something that will indicate that right around the bend there is a miraculous recovery from it all and I just do not see it! Overwhelming majority of Americans have yet to realize just how much of a trouble this country is going to be in very soon. Problems we see now is just a beginning and this is why I think so:
I see American economy of today as a giant Boeing 747. Huge, four-engine airplane, which enjoyed nice flight for a while. While American passengers aboard were partying on mechanical troubles with airplane of America were piling on.
Engine Number 1 used to be the one providing the most thrust. Engine of real economy that produced real wealth. Real economy of which manufacturing, mining and agriculture are the main components. That engine has been starved of fuel and maintenance for a long time and is now producing very little thrust just like all the sectors of real US economy that are now in severe deficit.
Not to worry though! 747 have three more engines! Right? Problem is, those three are in disastrous shape too!
Engine Number 2. Housing boom. For about a decade it created hundreds of billions, probably trillions of fake money injected into US economy. Seemingly ever rising housing prices allowed people to use their houses as an ATMs taking hundreds of billions of “equity” out and buying new cars, boats and other items of luxury with that fake money. That engine is all gone now.
Engine number 3. The Market. Trillions were made there. Made and, as of today, lost. Market is back to the same numbers it was at decade or so ago and it just keeps on going down still! Last I heard, couple of month ago three trillions were lost in that market. I do not know if anybody is counting anymore. Numbers are just too scary and incomprehensible.
Last but not least the Engine Number 4! The consumer borrowing! That used to be one of the “strongest” engines but there is only so much money Americans can borrow! Credit cards, credit lines are drying up faster than camel’s piss on hot Sahara sand! Looks like ever-rising US consumer debt has reached its highest possible level and just cannot go any higher.
Well, there goes the Number 4!
What is left now? Oh wait! We are all out of engines! Obama said that Government spending must replace private spending that is no longer there. Is he insane? No, he is not. His lips only move when hand inside sock-puppet moves and that hand knows what it is doing.
This new “engine” of Government spending duct taped to the tail of the above mentioned 747 is producing less thrust than hand held, battery operated cooling fan that is sold in dollar stores. Based on insane Keynesian economics it can only produce an appearance of the movement for a while. Just a little while longer to keep people aboard happy. Give just enough time for real people in charge to pack their bags.
These real rulers whose hands make Obama walk and talk are building new world order. Strong, independent countries are the biggest obstacles to that. This is why this country had to be destroyed and it is about to happen.
