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~~~ Sept 2009 News Stories ~~~

~~~ ~ Is the Fed and the US Gov really bankrupt? ~ ~~~

All of the stories listed in previous Econ Indexes beginning on Mar 18, 2008 have come from a wide variety of sources, some even the most unreliable such as Fox News. Many are about the newscasters themselves, such as Fox, being bought and sold as a news media and containing nothing but hit pieces and trash politics, no news at all. Oddly even they, in such times as these sometimes have to report the news as is, since there is no getting around the obvious truth in many cases. Yet even the most reliable sources cannot report the truth of the matter all the time because the stats are construed to deceive, such as in the reporting of the unemployed which are routinely misrepresented by insurance figures only. Once a persons’ UI runs out then they are taken off the list and become lost as a statistic. How bad is the economy? Is the Federal Reserve system over it’s collective head? Is Obama and the Democrats ready to dump the Fed for a non-central banking system actually controlled by the Gov? Are we globally on the verge of a debt moratorium in which a total reorganization of monetary systems comes to pass?

Originally I predicted that the system would bottom out and then recover partially many times over and eventually the sheer corruption of it all would bring and end to the solvency of even the most mammoth banks but this might take some time to play out. It’s painfully obvious to anyone that understands basic economics that at least the US cannot keep spending money fresh off the presses ad infinitum and something is going to hit the fan. What and when is the big question. I’m hoping that people will do as I do and resist the industrial/military/banking/shadow governments with all of their might, become hippies and live off the land paying no taxes and bring these bastards to heel.. but I’m not holding my breath. Most people unfortunately, don’t even know what an economy is and if they were told, wouldn’t be able to formulate a plan to thwart the evil doers yet alone practice it. Most Americans think that they are responsible for the so called public debt.. such a shame it is!

~~~ Click Date to read Article or ’pl’ for Plain Background or Print ~~~