You see, there is just too much going on.... Seriously, it is mind-boggling what this world is coming to. Essentially, we're screwed. But to expound, there are a growing number of countries in debt and amounts of debt are compiling. Loans are coming due and nothing to pay them back. IMF is already soft shelling the potential need to seek help from the West. Excuse me, but aren't we in debt too? How could we be of help? Oh, yeah...we already print play money.
When will leaders gain a back bone and just say: "Hey, buckle up folks, we are in for a rough ride. Sorry, we can't just print more Monopoly money, gold is not backing us up and well, business is not our forte." You get the pic - we need real leadership.
But we won't do that. We will keep printing, borrowing and bailing out. We will continue to pass out entitlements....even in the face of the SS and Medicare Trust funds being depleted by 2012 and 20? (SS). This is down from 2008 estimates of 2018 and 2032! Instead, we march on down the road to full government control and only the mammoth General Electric, GE, types will survive. And, they want it that way - they want the government control - the small guys will not make it. Taxes, inflation, regulations and such will be too much for them. Unions too seek this - why do you think they are in bed with the government for the buyouts; why card check. WHY?
Ask yourself WHY? You will begin to wonder and wonder is the source of self education. Your mind will explode at what is not being promoted on TV!
Tuesday, May 12, 2009
IMF GOING BANKRUPT
Labels:
big government,
debt,
GE,
General Electric,
IMF,
unions