The Real Crisis.....by Rico

Thieves picking our pockets and stealing our freedom. And NO, they will not respect us in the morning, OR call us.

The current financial-crisis "flailex" being hyped* is a ruse and distraction from the REAL crisis. The crisis is the Government and NOT the financial system.
- The government first wrecked Fannie Mae, Freddie Mac, then the housing market, then the financial markets, and is going to tank the economy intentionally to "fix" it...while transforming a free-enterprise system operated by free people into a centrally planned ecoonomic and social system...a system that worked so very well indeed in North korea, Cambodia, Cuba, China, the Soviet Union and Eastern Europe, and now is thriving in Venezuela. Yeah. Good business model to follow...if you're a lunatic and a Communist (forgive my redundancy).

TAXES are going to be a bigBIGbig problem as a result of ourgovernment "fixing" things, they just don't want you to understand how badly you're gonna get shafted. Here is the HOW and WHY that you will not get from anyone in elected office [politics], or anyone in unelected office [media]:

MILLIONS of lost jobs.
- From Oct '08 to Apr '09 3.7 million jobs have been cut.
Equals BILLIONS of lost TAX revenue to government.
- Individual tax payments are down <15%> and business tax payments are down <57%> for 2008.
- Add HUGE government deficit spending and the interest on that (borrowed) money, plus the odd 'bailout' here and there, the Porkulus Bill, the list and actual cost continues to grow...
Results in TRILLIONS.
- The deficit was 454.7 billion in 2008. The deficit for 2009 will be four times that by all honest estimates, or 1.819 trillion. Since the cost of anything the government does is never less or lower, you can think at or above 2 TRILLION for a deficit.

Government spending is UP 33% halfway through the fiscal year.

The Treasury has more than quadrupled its "borrowing" already (we're only halfway through the fiscal year) and to finance the current - today - deficit of 956.8 BILLION is going to have to "borrow" [read: sell debt aka bonds, as in laying-off worthless paper onto a buyer...remember SIV's, CDO's, etc?] in 'new' bills-notes-bonds. The government will have to "sell" 2.4 TRILLION in 2009 just to keep from collapsing or defaulting.

This will be a problem for a very long time into our future. It will extend far beyond the normal 'healing' process of the 2008-09 financial 'crisis' we're dealing with in the economy, thanks once again to government intervention to "fix" things.
- And I have to ask, given just how well government does with almost everything it touches, do you REALLY want them taking over your personal health care..and your lives? If you do, tell me what brand of glue you've been huffing. Please, before they break out the "Zyklon B" for anyone having an IQ above that of a pencil [read: non-Democrat (C) party card holders].

Bottom line:
This is the "take away" if you want to skip all of the above = TAXES ARE GOING UP [read: BOHICA - bend over, here it comes again!] there is absolutely no way they are not going to skyrocket because of all this. Of course, I seriously expect a potent cocktail of CURRENCY DEVALUATION, INFLATION, and a massive DEBT-BUST to complete Obama's near perfect disaster trifecta.
- Putting out a financial "fire" with paper only makes sense on the planet Uranus.

*(by a media acting as The Ministry of Propaganda for Team Obama and ALL leftists followers and acolytes to Commissar Zero...Obama himself (piss be upon him) who is pushing-dragging-shoving-bullying and lieing through his teeth about NOT wanting to drag all FREE men into the pit of SLAVERY (known affectionately by them as "utopia" while I stubbornly insist on calling it communism-socialism)