First...
Europe's Prospects Brighten as U.S. Fades
German business confidence is soaring while U.S. consumer sentiment sinks. Britain's second-quarter economic growth was almost twice as fast as expected, the strongest in four years. Friday's U.S. GDP report is likely to show a hefty contribution from government spending and a slowdown in consumer spending. With this and other factors, what happened to Europe being the weak link in the global economic recovery? It is even more apparent that in the US, that Odrama, a former community organizer, only knows how to demonize businesses and the acquisition of personal wealth at every turn. It's time to party like we are in Rome circa 330 AD!
Next...
Four Shocking Bombshells Bernanke Did NOT Tell Congress About Last Week
Last week, Benji Bernanke gave us a glimpse of the disasters now sweeping through the U.S. economy; however, there are four things he did not go into.
- The recession never ended. Yes, there was positive growth in the GDP; however, that was due to stimulus.
- The U.S. Housing Market Is Now LOCKED Into a Chronic, Long-Term Depression
- Official Government Data GROSSLY Understates the Magnitude of Unemployment which may be as high as 21.6 percent.
- The Biggest Government Interventions of ALL TIME which is causing the debt to go through the stratosphere. If you were counting on the government to prevent the second major leg in this great double-dip recession, don't hold your breath.
The Scariest Unemployment Graph I've Seen Yet
The median duration of unemployment is higher today than any time in the last 50 years. That's an understatement. It is more than twice as high today than any time in the last 50 years. Because of the high unemployment numbers, the government will extend unemployment benefits; thus, sadly getting us even deeper into debt til the whole system falls apart.
Next...
ObamaCare: The Rationing Begins in Earnest
The ink is not yet dry on the Obama Health Care takeover and the Administration is already attempting to limit life-extending drugs for cancer patients such as Avastin. Once these proven drugs are taken off the label, it is highly unlikely that patients will have access to these drugs unless they have the money to pay for it outright. So, in affect, the death panels are making their appearance.
To add on to this....
Some Insurers Stop Writing New Coverage For Kids
Yes, another unintended consequence, courtesy of Odrama and those who voted for the Healthcare bill without reading it. Some major health insurance companies will no longer issue individual policies for children. As a result, state insurance commissioners have brought the problem to the attention of the Obama administration. To which Odrama most likely be calling on Planned Parenthood for advice.
Finally,
Please prepare now for the forthcoming economic, and subsequent social, unrest that will hit the US.
Good Day
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