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» US Economy

July 31, 2011

The Spending Addict

The heroin addict’s road to recovery is a nightmarish process.

But in the beginning, the path to addiction is oh so very easy.  A pusher tempts the naive with a “free magic elixir” that will “make you feel so good”!  And the drug really does deliver a pleasure overload, even ecstasy – at first.  For the drug dealer, hooking a meal ticket is the easy part. The trick is find one with the resources to continue paying!  But the promises of the pusher’s poison are a dark and dangerous lie!

HeroinOne of the addict’s first revelations will be that, as his reliance upon the drug deepens, it will require higher and higher amounts to achieve ever-diminishing highs.  Soon the good feelings from the drug will disappear completely.  Yet the deadly drug worm will burrow deep into his soul until it completely owns him.  Without the drug, he cannot even minimally function; starving the deadly worm brings only depression and despair – and the racking pain of withdrawal.

The dependency deepens as the drug tightens its grip.  He must have the drug!  Soon, to get it, the addict will throw away all dignity and self respect.  Funding his habit will consume his family’s finances.  He will beg, borrow, and steal even from close friends to pay for his addiction.  He will take out high-interest loans that he can never repay.  Jobs, friends, family, freedom, and even his hope for the future will be sacrificed upon the alter of the demon worm.  The addict will do anything to get the drug!  He has set his feet upon a road of despair; one leading to poverty, hopelessness, and premature death.  And he will not be denied.

To rescue an addict from this fate is an equally traumatic and dangerous process.  It often fails.  But one thing is sure; if the intervention is not attempted, the victim will perish.
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April 30, 2011

The Current Economic Earthquake

Twenty years ago, Larry Burkett published a book entitled “The Coming Economic Earthquake”.  In his book, Mr. Burkett sounded dire warnings about the dangers of runaway US government spending, and the very-great temptation to “monetize” the government debt by purchasing it with money printed for that purpose.

Looking at what is going on with our out-of-control government spending, and the money printing presses that are running at full capacity – it would seem Larry Burkett’s dire prophecies are in danger of being fulfilled.  Exactly what did he predict?

  1. Government spending would grow until it was out of control.  Clearly, this has occurred.
  2. The government would be unable to sell all the debt, so it would be “monetized”; i.e. it would be purchased by new money printed by the Fed for this purpose.  Whatever the reason, this is clearly underway with the Federal Reserve’s “Quantitative Easing” program.
  3. The interest payments required to service the national debt would grow until they exceeded all available tax receipts.  We don’t appear to be here yet, but will this remain true when interest rates begin to rise?
  4. Hyperinflation would be triggered.  People’s savings would be wiped out, and those on fixed incomes would not be able to meet their living expenses.  He noted that this has been the case in EVERY historical example that we have of governments that fund their debts by printing money.

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June 30, 2009

Premier Obama’s Great Depression

obamaI’m sorry to say that Obama meant what he said in the campaign; most of our fears about the policies of President Obama are being fulfilled:

  1. Massive new energy taxes – Cap and Trade.
  2. No opposition – Complete Democratic control of Congress.
  3. Questionable Supreme Court Nominees
  4. A radical Marxist agenda – Takeover of major US companies and government-controlled healthcare.

And this Presidency is still young.
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November 4, 2008

What new taxes under Obama? Massive new energy taxes.

Filed under:Blogroll,Politics: US and the World,US Economy—Stephen M. @ 4:12 pm

Given Obama’s plans for significantly-increased spending, many have wondered where the new tax revenue that will be required will come from.  We know about the new taxes on the “rich”, but certainly the hundreds of billions can’t all come from there.

An interview with Obama from almost a year ago tells the tale.  In it, Obama talks about his energy policy and his plans to adopt Al Gore’s “Cap and Trade” system.  But we should let him speak for himself:

“Let me sort of describe my overall policy… What I’ve said is that we would put a cap and trade system in place that is as aggressive if not more aggressive than anybody else’s out there…”

“Every unit of carbon or greenhouse gases that is emitted would be charged to the poluter…”

“So if somebody wants to build a coal-powered power plan, they can.  It’s just that it will bankrupt them because they’re gonna be charged a huge sum…”

Now whenever producers are taxed, these new taxes must be passed on to consumers – you and I.  Since about 50 percent of US electricity production comes from coal, we’re talking about potentially huge increases in the cost of energy in the US.

So let’s be clear.  Obama’s policies require not just new taxes on the rich.  They are new taxes on everyone.

I hope America knows what its doing.

September 16, 2008

Babylon the great is fallen, is fallen…

As anyone who has been monitoring the news or the value of their 401K’s has witnessed, shock waves have been going through the U.S. banking system and economy. Home loan crisis, investment banking collapse, and what next?

Now let me be the first to say that I don’t claim to be a Prophet of God. But, with a little understanding, the current crisis looks more and more like pages from the Bible’s book of last things – the book of Revelation:

Fallen! Fallen is Babylon the Great! She has become a home for demons and a haunt for every evil spirit, a haunt for every unclean and detestable bird. For all the nations have drunk the maddening wine of her adulteries. The kings of the earth committed adultery with her, and the merchants of the earth grew rich from her excessive luxuries.” (from Rev 18:2-3, NIV)

When you consider the origins of the fractional banking system – the interest bearing system that gives out loans repaid with compounded interest, then current events become particularly interesting. Interest bearing loans where invented in ancient Babylon! more »»

April 26, 2008

Global Warming: Large threat to our future? Yes, but not for the reasons you have been told!

Man-made global warming: Is it the largest threat to our future? Very possibly! But NOT for the reasons that you may have been told.

There is ample evidence for global warming, but doom-Sayers are telling us that greenhouse gases, produced by the burning of fossil fuels and other humanAl Gore\'s \ activities, are the cause - which they claim is threatening to destroy planet Earth. Is humanity the cause? The evidence challenges this assertion, but our attempts to fix the issue - by attacking the wrong problems, are indeed a very large threat!

The idea of man-made global warming will certainly allow select people to gain a power over our lives. And attempts to mitigate an improperly diagnosed cause will prevent us from effectively addressing real threats – such as those caused by scarce energy supplies and terrorism.

Now we clearly have an unhealthy reliance on Arab oil, which generates the primary funding for global terrorism. But if we fight the wrong battles, then we bankrupt ourselves and limit our options for creating energy independence. We have made the idea of man-made global warming an extreme threat; thereby translating an artificial threat into a real one that could destroy us!

But are humans causing global warming?

Did you know that evidence points to global warming on Mars also?
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