Archive for the ‘ Economy ’ Category

You might be further in debt than you think.

Do you like calculators? I do. In 1946 the first electronic computer, ENIAC, was built. It was constructed using vacuum tubes (the transistor and integrated circuit were not yet invented). It weighed 27 tons, took up 680 square feet of space, and consumed 150,000 watts of electricity. It was the first programmable electronic calculator.

Today, you can buy a simple calculator that fits in the palm of your hand and runs on solar power for less than $10. AMAZING!

So I thought I would fire up my, technologically miraculous, calculator and crunch a few numbers.

Everyone is talking about the US national debt lately, so I decided to figure out what my portion of it is and try to get a better understanding of just how big the number really is.

At the time of this writing, the US national debt is/was: $12,933,884,012,449. (Just under 13 trillion dollars [the current budget deficit exceeds 1.4 trillion dollars at present, so this debt is expanding rapidly under the fearless leadership of the Oblahblah administration. Thanks Barack!])

At the same time, the US population is estimated to be: 308,361,063 people.

So what’s my/your share of the debt?

Well, get out your calculator and try this: 12,933,884,012,449 (dollars) divided by 308,361,063 (people) equals: $41,943.96

That’s nearly $42,000 dollars for ever man, woman, and child in America. (Each baby born in America starts out life $42,000 in debt!)

If you have a family of 5, your family cumulatively owes $209,720!

Keep in mind that the current US budget deficit is 1.4 trillion dollars, so at present our national debt is skyrocketing. Think the problems in Greece are bad? Oh baby!

Ok, so you’re thinking, “Not my problem. That’s government debt—has nothing to do with me.”

You’re wrong. Our government is a Representative Republic (No matter what your air-head political science professor may have told you.) Which means that your government works for you—on your behalf. You are the boss and your government is your employee. (NEVER forget that!!!) The buck stops with you, and me, and every other US citizen! And it is “We the People” who are responsible for paying off this debt. Remember, the government doesn’t produce money, it consumes it. And it gets it from us!

So, just because we elect retards to make a huge mess out of our country, doesn’t mean we’re not responsible for the mess! It’s our own employees that are trashing the place, and we as their supervisors are responsible for what they do!

At some point, very soon I fear, our debt burden will become unsustainable. At present the US Gross Domestic Product is 14.6 trillion dollars, which is only slightly more than, and will soon be eclipsed by, our national debt! Additionally, Congress just passed a multi-trillion dollar health care bill, which will add mightily to the mountainous and crushing financial burden our country is facing. The interest on our National Debt alone is currently over $194 billion dollars a year! (That’s almost a trillion dollars every 5 years!) Think what we could do with that money?!

Of course, the out of control spending in Washington is no accident. These people aren’t stupid enough to believe their own rhetoric about saving the country.

Barack Obama is a smart man. He knows what he’s doing.

When you elect a President who hates America, who for 20 years attended a church where the preacher screamed words like “God da— the U.S. of KKK!” at the top of his lungs. A President who pals around with unapologetic domestic terrorists (William Ayers). A President who has refused to produce a US Birth Certificate to prove that he’s a natural born citizen and therefore eligible to be the President, and who’s own Grandmother claims to have witnessed his birth in Kenya. A President who’s presidential candidacy was endorsed by the Islamic terrorist group Hamas. A President who said that the US constitution is a “charter of negative rights”, lamenting the fact that it constrains the government, and prevents it from ruling the people, rather than the other way around. A president who has spent much of his adult life trying to destroy your 2nd Amendment Rights. A president who has surrounded himself and built an administration full of unabashed Communists and Marxists. A president who, prior to being elected, made it clear that he intends to impose wealth redistribution, which means the destruction of free markets, capitalism, and democracy.

When you elect a president like this, what do you think is going to happen? I understand that many Americans don’t know about these things due to the absolute dereliction of our mass media. But the information is real and it’s out there, and thanks to alternative forms of communication, it can’t be suppressed—yet. The Obama Administration, however, is trying feverishly to curb the flow of information and regulate the Internet, talk radio, and alternative press. Obama is sick and tired of people spreading the truth around behind his back!

In the meantime, we are doing all the same things that led to the recent financial breakdown, and societal collapse in Greece. Only we’re doing it on a much grander scale, and NO ONE on this earth will have enough money to bail us out when our house of cards collapses! Greece is the experiment that shows us our future, and ruin is our destination. Of course, this story has been repeated a thousand times throughout history, so it’s truly no surprise. And it will happen to us too unless we change what we’re doing.

All I can say is that we must turn this train around in November, or disaster is the only thing that can possibly happen to our freedom and economy. Vote these people out in November or suffer for decades!

There is so much more going on right now than I could begin to write about. But I’ll just leave you with this: It’s not rocket science. All you need is a $10 calculator and you can figure it out with ease.

Good luck!

Hydrogen Barackside

Hydrogen Barackside

I just wanted to let everyone know that this stuff really works — I am now officially unemployed for the first time in my adult life, and the company that I worked for will probably be forced to close its doors soon thanks to socialist economics and super-hero Barack Obama.

And with reduced competition and the inflation that trillions of dollars worth of un-backed curency flooding the market will cause, you can be sure that the products we used to bring you will increase in price while your wages drop and your money becomes worthless.

Thanks Obama — Lovin’ the change!

Gas prices are really low!

My wife called me today and left an exited voice mail exclaiming that she had just found a gas station selling regular unleaded for $1.98 per gallon!  WOW!  I swear, 6 months ago, I never would have believed that this could be possible!  The latest reports are showing oil at $56 a barrel!  Here it comes, our economic saving grace.  Forget about brain damaged stimulus packages, Nancy Pelosi; these lower energy costs will represent a  M A S S I V E  infusion of actual, real, honest to goodness, earned capital (not financed through taxes and debt) into everyone’s personal economy!  Will it be enough to save Wall Street from it’s seemingly endless downward spiral?  The one that shifted into high gear when the house passed the Bailout Bill, and floored the trottle when Obama won the presidency?  I don’t know.  Wall street investors aren’t stupid.  CEO’s and successfull business people didn’t get where they are by being clueless about the future. Investors aren’t in the business of trying to loose money.  The markets are responding to real threats.   Unfortunately, many of these threats are from our own government, and the American people who are making some astonishingly stupid decisions lately.  We just elected a radical, constitution hating, socialist to be our next president.  This represents a huge threat to capitalism, and could possibly signal the end of wealth and productivity in America.

I’m optimistic, though. I think that oil prices will stay low for a while. The reason I think so, is that many of the big oil producing countries have become accustomed to lucrative crude oil revenues.  They’re losing huge amounds of money over these price drops.  As demand slacks, and prices fall, they’re hurting for revenue.  While OPEC considers cutting production to boost prices, countries like Russia–despirate to maintain their budgets–will happily step in to sell their own oil to keep the money flowing in.  That having been said, things will eventually stabilize, but I think it will be a while before prices make any big gains.  A lot of oil-futures investors have lost their shirts, and will likely be timid about buying up overpriced futures contracts again for some time.

So maybe there’s hope for our economy.  If low energy prices are maintained, eventually the prices of other things like commodities, and food will fall also.  It all depends on how much damage the Obama administration is able to do to capitalism and business during the next 4 years.  If he’s successfull in bringing about the change he desires, he will likely offset the benifits of having affordable energy available to us again.  I hope that he won’t have that kind of power, but only time will tell.  The truth is, while I feel happy about affordable energy, and want to kiss the pump-handle at the gas station when I see the new prices, the threat of Obaminable Government scares me.  Man, what a killjoy!  I just wish I weren’t so uncomfortable about finding out what it was like to live in the old Soviet Union.  The history books don’t make it sound very good, but I guess America has voted, and communism is what the majority wants.  So who am I to complain?  Good luck with that.