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Dr. Weiss’s Secrets & Warnings about the economy — psst: there’s a lot of debt

Dr. Martin Weiss published these 11 staggering facts that every American needs to know — and that every investor won’t be able to succeed without …

11 startling facts that Obama and Bernanke do NOT want you to think about

FACT #1: The official national debt now stands at $12.68 trillion — an amount equal to about 88.5% of all the goods and services our economy produces in an entire year.

FACT #2: Contingent obligations for Social Security, Medicare, Medicaid, veterans, and pensions now stand at an additional $108 trillion over and above the “official” national debt.

FACT #3: State, county and local governments are nearly $3 trillion in debt. Many can’t pay and will ultimately demand that Washington assume responsibility for that debt as well.

FACT #4: Total federal, state and local government indebtedness now stands at a mind-blowing $123.6 trillion.

FACT #5: Last year, Washington added $1.4 trillion to the debt. In this fiscal year, the Obama administration will add another $1.6 trillion!

FACT #6: In addition to funding the current trillion-dollar-plus deficits, the U.S. Treasury must borrow MORE each year to replace bills, notes and bonds that are maturing.

FACT #7: This record-shattering borrowing by the Treasury has resulted in a Mt. Everest of Treasury obligations being dumped onto the market, which naturally depresses bond prices and drives interest rates higher.

FACT #8: In a desperate attempt to keep interest rates low, the Bernanke Federal Reserve has created $1.25 trillion out of thin air to buy mortgage-backed securities … another $300 billion to buy U.S. Treasuries … and yet another $170.6 billion to buy other government bonds — a total of nearly $1.7 trillion in all.

FACT #9: From September 10, 2008 to March 10 of this year, Bernanke increased the nation’s monetary base from $850 billion to $2.1 trillion — a 250% increase in just 18 months.

FACT #10: Despite this massive money-printing, the yield on the benchmark 10-year Treasury note has STILL risen by more than one-fifth — from 3.2% to 3.86% — since December.

FACT #11: Because of this massive money-printing, the U.S. dollar has lost nearly 10% of its value in the past 12 months alone.

The President and the Treasury Department have colluded with the Fed to create economic slavery for our country. On the surface, Democrats present that they are for the “little man” when in fact, they have driven a biggest wedge between the “Haves” and “Have Nots”.

More and more people with suffer when the debt reality unravels, leaving multitudes destitute and dependent on government entitlement programs.

As the Chief of Staff, Rahm Emanuel said: “No crisis should be wasted” so this explosion of poverty, broke retirees, overwhelmed nursing homes, and bankrupt State budgets will allow the Federal government to grab (and hold) more power.

Are you preparing for this economic disaster? Do you even understand what any of this means or do you still have your head in the sand, believing the propaganda that “the economy is recovering”, “can’t happen in America” or the biggest lie: “The Republicans still have time to fix this.”

http://www.uncommonwisdomdaily.com/11-startling-facts-that-obama-and-bernanke-do-not-want-you-to-think-about-4-9117

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