32 Story High rise Has 1 Tenant

In case you did not realize just how bad the condo bust is in Florida, this story will clue you in: Florida high rise has 32 stories, but just 1 tenant.
FORT MYERS, Fla. — The Vangelakos' southwest Florida condominium has marble floors, a large pool overlooking a river and modern furnishings that speak of affluence and luxury. What they don't have in the 32-story building is a single neighbor.

When the Vangelakos' travel from Weehawken, N.J., to spend a week or a few days in their Florida home, they have exclusive use of the pool, game room and gym, but they miss having a few tenants around.

A large, circular fountain in front of the building is dry. The automatic glass doors that lead to the front lobby are locked. On the front desk is a guest sign-in sheet. The last entry: Feb. 13, 2009.

Victor Vangelakos said they don't want to move to the tower next door because they would still be paying the mortgage and maintenance costs on the condo they own. They paid $430,000 for the unit and took out a $336,000 mortgage — essentially spending their life savings.

The family's attorney said he has filed two lawsuits on behalf of would-be tenants because the building wasn't finished as promised. He said they expected a clubhouse, marina, private cinema and restaurants.
Ah yes , it makes perfect sense to have a clubhouse, a marina, and restaurants for 1 part-time tenant. However, the private cinema would indeed be private, just as advertised.

Addendum:

E-Recep in a comment to this post has an interesting anecdote to share ...

"The over-capacity in housing has started to look ridiculous if not tragic. Here in Turkey we have a similar situation. One of my nephews is living alone in a 12-story building which was completed last year. The outskirts of Istanbul are full of newly finished condos, most of which are empty."

Similar stories abound in China.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

HR 1207 Meets Panicked Resistance

Jurriaan MaessenInfowars

August 4, 2009

As the campaign to audit the Fed is picking up momentum in the halls of Congress, reflective of the majority support by the people, several mainstream media outlets have taken their familiar positions to fulfil the role of compliant corporate lackeys they have become accustomed to. But it is to no avail. The campaign for liberty has clearly grown wings that spread far and wide, outflanking both the left and the right as it ascends to ever greater heights. Whatever happens next, the enemies of liberty will be hard put to it, trying to sprinkle sleeping dust into the eyes of the giant who stretches his arms to meet the dawn. ( learn more at )

Trade down 20% on prime container route
By Robert Wright, Transport Correspondent
Published: July 21 2009 19:51 Last updated: July 21 2009 19:51

Traffic volumes on the world’s busiest container ship route fell by a fifth in May against a backdrop of plummeting prices as the global recession leaves the industry facing its worst crisis in its 53 year history.
The figures for westbound Asia-Europe services, which compared volumes with the same month last year, were published on Tuesday by the European Liner Affairs Association a day after Singapore’s Neptune Orient Lines revealed it suffered continued volume falls in June and a still sharper fall in earnings from each container.EDITOR’S CHOICEHapag-Lloyd finance talks stall - Jul-19
German container shipping line seeks €1.75bn - Jul-09
MSC set to cut ship numbers - Jul-15
Tufton takes a bet on recovery for shipping - Jul-15
Container lines to raise Asia-US rates - Jul-08
Ship orders set to add to capacity glut - Jun-25

Falling trade volumes and an oversupply of ships have sent container lines’ earnings per container shipped well below day-to-day operating costs. Several lines, including Germany’s Hapag-Lloyd, are seeking fresh financing and there is speculation that one or more big container lines could fall into bankruptcy.
This year looks set to be the first in the 53-year history of container shipping to see a year-on-year fall in volumes. Volumes depend on consumer demand for the finished and semi-finished goods shipped in containers.
The ELAA figures – which the trade association compiles for all trades to and from Europe – showed westbound volumes from Asia to Europe down 20 per cent in May, compared with the same month a year ago. The figure is slightly better than the 22 per cent fall in the first quarter of 2009. But container lines are likely to be concerned by the length of the slump, which started in autumn last year and is eating into many operators’ cash reserves.
NOL’s figures, which covered all its operations rather than the individual routes covered by the ELAA figures, showed a volume fall of 14 per cent for the four weeks to June 26.
The volume fall was lower than the 24 per cent average for the year so far. However, the line’s average earnings per 40-foot container fell 29 per cent in the latest four-week period, sharply down on the 20 per cent average for the year so far.
The ELAA’s earnings figures, which cover only the first three months, showed prices per container between Europe and Asia were running at 49 per cent of the average figure for 2008.
One senior container shipping executive, who asked not to be named, said container shipping companies had “a long way to go” in raising prices before they were able to cover their costs. Hundreds of container ships are laid up worldwide as lines cut services in an effort to fill their remaining sailings.
NOL is seeking S$1.4bn ($970m) in fresh capital to strengthen its balance sheet, while Hapag-Lloyd on July 8 told its shareholders it needed €1.75bn ($2.5bn) in fresh capital. Chile’s CSAV is raising $710m as part of a rescue deal agreed by the owners of its ships.

CRS on Innovation Inducements, Postal Closures

July 27th, 2009 by Steven Aftergood

A new report from the Congressional Research Service examines the government’s use of “grand challenges” or monetary prizes to provide incentives for technological advancement. In quite a few cases, such incentives have inspired or accelerated new technology breakthroughs — in lightweight power supplies and autonomous unmanned vehicles, for example. In other cases, the proffered prizes have gone unclaimed because the challenge was not met, as in a recent competition to generate breathable oxygen from simulated lunar soil. In any case, it seems likely that the new CRS report is the best thing ever written on the subject. See “Federally Funded Innovation Inducement Prizes” (pdf), June 29, 2009.

Another new CRS report considers the mundane but significant fact that the US Postal Service may soon close thousands of post office branches and stations due to declining demand and volume. This exhaustive report, once again, is almost certainly the best, most informative treatment of its chosen subject. See “Post Office and Retail Postal Facility Closures: Overview and Issues for Congress” (pdf), July 23, 2009.

Despite the efforts of Sen. Joseph Lieberman, Sen. John McCain and a few others, there appears to be little near-term prospect that Congress will permit direct public access to CRS reports like these. Fortunately, routine unauthorized disclosures of the reports continue to meet the need fairly well.

Military vs. Non-Military Durable Goods

in Pictures Sometimes a chart is nearly

all you need to understand the story.

This is one of those times.

Military vs. Non-Military Durable Goods

click on chart for sharper image

Durable Goods Shipments Down 20%
With that stunning graphic out of the way, please consider some interesting factoids from Why a Recovery May Still Feel Like a Recession.
Durable goods shipments fell by more than 20 percent during this recession, and would have declined further were it not for increased production of weapons.In no previous downturn since 1958, when the figures began being recorded, had the decline been as much as 14 percent.The drop is all the more remarkable because such shipments rose at a relatively restrained rate in the preceding period of economic growth, particularly when military sales were excluded.In June, seasonally adjusted shipments for civilian purposes were 19 percent below the average monthly figure for 2000. Shipments of military items were running 123 percent above the 2000 average.Those figures are in nominal dollars, not adjusted for inflation. That fact may exaggerate the trend, since prices of some durable goods, like computers, have fallen over the years.
Given the amount of durable goods that go into homes (washers, dryers, microwaves, stoves, refrigerators, etc), and given the enormous boom in housing from 2003-2007 that chart is a stunning description of the state of our economy.
However, the chart is misleading in once sense. Military spending accounts for only 8% of durable goods orders. Then again, military spending was only 3% in 2000 according to the article.
Perhaps the bottom is in, but please don't expect the "recovery" to take us back to 2007 levels of spending any time soon. Housing, commercial real estate, and autos will remain weak for years to come.

The Worldwide H1N1 Swine Flu Pandemic.

The WHO plans to vaccinate

more than half the World's population
by Global Research

THE H1N1 SWINE FLU PANDEMIC. SELECTED ARTICLES, NEWS REPORTS, ANALYSIS AND VIDEOS (SCROLL DOWN)
Global Research Editor's Note
We bring to the attention of our readers a collection of in-depth reports and articles on the H1N1 Flu Pandemic, published by Global Research since the outbreak of the crisis in Mexico in April.
"The U.S. expects to have 160 million doses of swine flu vaccine available sometime in October", (Associated Press, 23 July 2009)
"Vaccine makers could produce 4.9 billion pandemic flu shots per year in the best-case scenario", Margaret Chan, Director-General, World Health Organization (WHO), quoted by Reuters, 21 July 2009)
Wealthier countries such as the U.S. and Britain will pay just under $10 per dose [of the H1N1 flu vaccine]. ... Developing countries will pay a lower price." [circa $400 billion for Big Pharma] (Business Week, July 2009)
The Worldwide H1N1 swine flu pandemic serves to mislead public opinion.
The 2009 pandemic, which started in Mexico in April, is timely: it coincides with a deepening economic depression. It takes place at a time of military escalation.
The epidemiological data is fabricated, falsified and manipulated. According to the World Health Organization (WHO), an epidemic of worldwide proportions now looms and threatens the livelihood of "2 billion people [who] could become infected over the next two years — nearly one-third of the world population." (World Health Organization as reported by the Western media, July 2009). According to the Obama adminstration, the "swine flu could strike up to 40 percent of Americans ... and as many as several hundred thousand could die if a vaccine campaign and other measures aren't successful." (Official Statement of the US Administration, Associated Press, 24 July 2009).
These statements serve to mislead public opinion. There is ample evidence, documented in numerous reports, that the WHO's level 6 pandemic alert is based on fabricated evidence and a manipulation of the figures on mortality and morbidity resulting from the N1H1 swine flu.
The Pandemic serves the interests of Big Pharma. The WHO is planning for the production of 4.9 billion dose, enough to inoculate a large share of the World's population. Big Pharma including Baxter, GlaxoSmithKline, Novartis, Sanofi-Aventis and AstraZeneca have signed procurement contracts with some 50 governments. (Reuters, July 16, 2009). For these companies, compulsory vaccination is a highly lucrative undertaking:
The Role of the Military ... ( know more at )

News From Japan

Aug 04 Japan yet to fall into deflation: economic minister Hayashi (AP)

Economic and Fiscal Policy Minister Yoshimasa Hayashi said Tuesday it is too early to say that Japan has fallen into deflation despite recent record falls in the nation's key consumer price index. "It would be premature to say that Japan is in deflation at this stage," Hayashi told reporters after a Cabinet meeting, pointing to a mild decline in consumer prices when excluding food and energy.

Aug 04 Japan's economy to show 4.1% growth in April-June qtr: economists (AP) (RUBBISH)

The Japanese economy is expected to show an annualized real expansion of 4.1 percent in the April-June period, marking the first increase in five quarters on recovery in exports and the government's economic stimulus package, according to economists polled by Kyodo News. The average projection, measured by real gross domestic product, contrasts sharply with the 14.2 percent fall in the January to March quarter, the worst slump since comparable data became available in 1955.

Aug 04 Japanese civil servants set to see largest cut in bonuses (AP)

The National Personnel Authority will soon recommend a reduction in winter bonuses for Japan's national civil servants, which is likely to lead to the largest contraction in their annual bonuses, sources familiar with the matter said Monday. The latest step is expected to result in a cut of 0.35 month worth of salary, the largest yearly reduction since the authority recommended a cut of 0.3 month worth of salary in fiscal 1999.

Bush, Obama used

military spending to hide

U.S. impending economic

woes & to secretly stave

off economic collapse

as early as 2001

1. It’s 2000 AD, a new century the Dot com bubble has just popped, Non military (NM) and military(m) spending are in parody, everything is ok.

2. We can see that before 9/11 divergence of durables start to occur, starting at a difference of 1 or 2 percent but increases massively to 38 to 40% as the Iraq invasion starts.

3. We move further down the decade, we see that (m) sky rockets by the beginning of 2008.

4. The criminals in the Bush, Cheney administration saw that the economic bubble was about to pop so they allowed the military to spend massive amounts of money in a vain effort to stave off the impending economic collapse. In January 2008 divergence is about 45 %; by September 2008 the divergence percentage is at 82%.

5. From the beginning of 2008 to September 2008 (m) spending increases by, a huge Holy Marry trying to save the economy from collapsing, 37% in just 9 months. You do the math.

6. The bubble pops and spending stops during the beginning of the Obama presidency( I guess they had to pay for Barry Obama’s stage show inaugural ceremony) but then continues around March and April Increasing another 30% ( and I am being nice ). With (NM) down and the massive (m) increases in spending total divergence is now at around 145% and increasing.

Durable Goods numbers as 7/29/2009

. A. The Bush administration use (m) spending as a hidden economic stimulus after the Dot.com bubble popped and kept using the increases in (m) spending to secretly stimulate the economy.

The Federal Reserve Knew that a

Financial Crash was Coming "Blowing

Bubbles" and "Using Palliatives"

which "Make Things Worse"
By Washington's Blog
Global Research, August 2, 2009

washingtonsblog.com

BIS Slammed Federal Reserve and Other Central Banks for Blowing Bubbles and then "Using Gimmicks and Palliatives" which "Will Only Make Things Worse"If you have any doubt that the Fed and other central banks should have known that a crash was coming, all you have to do is look at this June 2007 article from the Telegraph:
The Bank for International Settlements, the world's most prestigious financial body, has warned that years of loose monetary policy has fuelled a dangerous credit bubble, leaving the global economy more vulnerable to another 1930s-style slump than generally understood...
The BIS, the ultimate bank of central bankers, pointed to a confluence a worrying signs, citing mass issuance of new-fangled credit instruments, soaring levels of household debt, extreme appetite for risk shown by investors, and entrenched imbalances in the world currency system...
The bank said it was far from clear whether the US would be able to shrug off the consequences of its latest imbalances ...
"Sooner or later the credit cycle will turn and default rates will begin to rise," said the bank.
A year later, in June 2008, the Telegraph wrote: ( learn more here )

The Obama opiate:

Crisis deepens, crowds cheer
by Larry Chin

Six months since taking the reins, the Barack Obama administration has met its primary objective. It has swiftly ramped up the murderous imperial agenda inherited from Bush-Cheney while the masses, pacified and deceived by the appeal of the Obama image, pay no attention to realities. No attention to the fact that the Obama administration’s global war strategy, which puts Iran, Afghanistan, Pakistan, and Latin America, and other regions into new military-intelligence crosshairs, promises the expansion of global instability, resource conquest, and "war on terrorism" ruin.

No attention to the fact the Obama administration is loaded with elites who are as dangerous and corrupt as those of the preceding administration. No attention to the fact that nothing has “changed” except that there is a “rock star” figurehead sitting in the Oval Office who is smart and not stupid; calculating rather than blatant. ( learn more at )

NAVY PAYS FOR IT'S TOYS I THOUGHT WE WERE

IN A DEPRESSION WITH FAMILIES LOSSING

THEIR HOMES

FOR RELEASE AT No. 563-095 p.m. ET July 30, 2009
CONTRACTS
NAVY

The Boeing Co., Seattle, Wash., is being awarded a $334,690,630.00 modification to a previously awarded cost-plus-award-fee contract (N00019-04-C-3146) for one P-8A multi-mission maritime aircraft Stage II test aircraft with mission systems and recurring and non-recurring tasks in support of three test aircraft to make them production representative assets. In addition this modification includes spares to support these three aircraft. Work will be performed in Seattle, Wash., (82.4 percent); Norwalk, Conn., (4.6 percent); Oklahoma City, Okla., (4.3 percent); McKinney, Texas, (3.4 percent); Greenlawn, N.Y., (3 percent); and North Amityville, N.Y., (2.3 percent), and is expected to be completed in April 2013. Contract funds will not expire at the end of the current fiscal year. The Naval Air Systems Command, Patuxent River Md., is the contracting activity.

Defense Technology, Inc.*, Huntsville, Ala., is being awarded a $43,460,000.00 firm-fixed-price contract for the procurement of four Mi-17 variant helicopters and related tool kits for the Afghan National Army Air Corps. Work will be performed in Kabul, Afghanistan, and is expected to be completed in September 2009. Contract funds will not expire at the end of the fiscal year. This contract was competitively procured via an electronic request for proposals; four offers were received. The Naval Air Systems Command, Patuxent River, Md., is the contracting activity (N00019-09-C-0089).

DG21 LLC, Dallas, Texas, is being awarded $28,725,271.00 modification to previously awarded fixed-price contract (N62742-06-D-4501) to exercise the third option period for base operating support services at the U.S. Navy Support Facility, Diego Garcia. The current total contract amount after exercise of this option will be $468,785,907. Work will be performed at Diego Garcia, British Indian Ocean Territory, and work is expected to be completed July 31, 2010. Contract funds in the amount of $9,192,844 will expire at the end of the current fiscal year. The Naval Facilities Engineering Command, Pacific, Pearl Harbor, Hawaii, is the contracting activity.

iRobot Corp., Bedford, Mass., is being awarded a $13,481,433.00 firm-fixed-price cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract for the procurement of man transportable robotic system (MTRS) production systems, depot level repair parts, spare kits, depot repair services, parts supply, training, engineering enhancements, configuration management, and approved accessories for the Army, (58 percent) and Navy, (42 percent). The MTRS is a small robotic vehicle used by explosive ordnance disposal technicians to conduct remote reconnaissance, render safe, and/or dispose of explosive devices. Work will be performed in Bedford, Mass., and is expected to be completed by July 2010. Contract funds in the amount of $150,000 will expire at the end of the current fiscal year. This contract was not competitively procured. The Naval Surface Warfare Center, Indian Head Division, Indian Head, Md., is the contracting activity (N00174-09-D-0005).

Multifunction Utility/Logistics Equipment Vehicle (MULE) UGV (1 Ton) Robotic Infantry Support System (RISS) (JUST GET A F*CKING REAL MULE YOU JACKASS AND SAVE THE ENVIORNMENT AND SAVE THE AMERICAN PEOPLE BILLIONS DOLLARS)
The Multifunction Utility/Logistics Equipment Vehicle (MULE) is an unmanned platform that provides transport of equipment and/or supplies in support of dismounted maneuver. There are three variants of the MULE. These are MULES designed for 1) transport, 2) Air assault, and 3) Countermine use.
The Multifunction Utility/Logistics and Equipment Vehicle (MULE) is an unmanned platform that provides transport of equipment and/or supplies in support of dismounted maneuver forces. It will also be capable of being armed in the role of support to dismounted infantry in the close assault.
The General Dynamics Eagle Enterprise concept for the Objective Force Warrior [OFW] system of systems includes a Robotic Infantry Support System (RISS, aka robotic mule or mule). The RISS will reduce the soldier's load and could carry supplementary supplies such as water and ammunition. General Dynamics envisions additional uses for the RISS that may include reconnaissance and surveillance or medical and personnel transport. The 15-foot long, six-foot wide vehicle will be capable of carrying a payload of up to 2000 pounds of weapons, supplies or personnel.

Compare the two

Mass media vs.

a Real Economist

Job Losses Probably Eased in July as U.S. Manufacturing, Housing Steadied Employers cut jobs in July at a slower pace and the factory slump eased, indicating the end of the worst U.S. recession since the Great Depression is getting closer, economists said before reports this week.

By Shobhana Chandra

Aug. 2 (Bloomberg) --

Payrolls Probably Declined at Slower Pace: U.S. Economy. Employers cut jobs in July at a slower pace and the factory slump eased, indicating the end of the worst U.S. recession since the Great Depression is getting closer, economists said before reports this week. Payrolls fell by 325,000 workers after dropping by 467,000 in June, according to the median on 56 estimates in a Bloomberg News survey ahead of an Aug. 7 Labor Department report. The jobless rate probably rose to a 26-year high of 9.6 percent.
The figures will be a reminder that, even as Obama administration stimulus efforts gain traction, hiring will take longer to pick up as companies such as Deere & Co. and US Airways Group Inc. continue to cut costs. Estimates that the jobless rate will exceed 10 percent by early 2010 signal consumer spending will lag behind an economic recovery.

Weekly Unemployment Claims Portend Disaster

MISH'S Global Economic Trend Analysis

The Department of Labor Weekly Unemployment Report is now so skewed by abnormalities, it is difficult to get a clear picture. First, let's take a look at the data.Seasonally Adjusted Data
In the week ending July 25, the advance figure for seasonally adjusted initial claims was 584,000, an increase of 25,000 from the previous week's revised figure of 559,000. The 4-week moving average was 559,000, a decrease of 8,250 from the previous week's revised average of 567,250.
The advance seasonally adjusted insured unemployment rate was 4.7 percent for the week ending July 18, unchanged from the prior week's unrevised rate of 4.7 percent.
The advance number for seasonally adjusted insured unemployment during the week ending July 18 was 6,197,000, a decrease of 54,000 from the preceding week's revised level of 6,251,000. The 4-week moving average was 6,416,250, a decrease of 131,750 from the preceding week's revised average of 6,548,000.

Judge: Swine flu is reason to suspend
constitutional rights Delays caused by
lock down are costing thousands of
dollars, inconveniencing jurors.
By LARRY WELBORN
The Orange County Register

SANTA ANA – A Superior Court judge ruled Tuesday that there is legal justification to keep the Central Men’s Jail under medical quarantine – at least for a couple of days – to control a swine flu outbreak.

Judge Thomas Goethals said the “significant medical public health event” in the men’s jail is good cause to temporarily suspend constitutional guarantees to speedy trials, preliminary hearings and arraignments for some criminal case defendants.

He made his ruling over the objections of the county public defender’s office and the alternate defender’s office after a special 90-minute hearing on the status of the health scare in the main men’s jail, which usually houses 800 to 900 inmates.

But Goethals said the exception to speedy court appearances will only be in effect through Thursday, by which time the quarantine of the jail may be lifted. He said he will preside over another hearing Thursday if medical authorities continue the quarantine.

The judge issued his decision after Dr. Jack Palmer, assistant medical director of the Orange County Health Agency, testified that the swine flu outbreak in the jail began three to four weeks ago with a handful of cases, and that there are 25 inmates isolated because of the virus.

But Palmer also testified that the number of new cases appears to be tapering off and that he is hopeful that the lockdown can be lifted in time to renew transporting inmates to courthouse in Santa Ana, Fullerton, Westminster and Newport Beach by Thursday morning.

The disease is generally spread through nasal drippings, sneezes or coughs, Palmer said. The incubation period is 48 to 72 hours, the doctor added, making it difficult to determine precisely who and how many inmates are infected.

Palmer said he authorized the quarantine of the men’s jail Friday because of the increasing number of sick inmates and the desire to attempt to limit the spread of the disease to other jail facilities through inmate contact on transportation buses, holding cells or courtrooms.

Orange County sheriff’s officials confirmed there is already one case of swine flu in the Theo Lacy branch jail, but that inmate was already isolated in a single-man cell and therefore the quarantine has not been extended to that facility.

But county health officials also confirmed that one minor in the county's juvenile hall in Orange was infected with the swine-flu virus, said Tricia Landkuist, spokeswoman for the Orange County Health Care Agency.

The minor has been placed in an isolated unit, along with two other minors who were displaying flu-like symptoms, she said. Those two minors have also been tested for the virus and their results are expected within the week, she said.

As a precautionary measure, two other minors who were being housed with the minor who has been infected have also been placed in a unit with limited contact, she said. The two minors have not displayed any flu symptoms but have also been tested as a precaution.

It costs thousands of dollars a day to run a courtroom, but on Tuesday several normally busy judges and staffs were waiting for cases to be assigned that did not involve inmates from the central men’s jail.

Superior Court Judge John Conley was in the midst of selecting a jury in a child-molestion case when the quarantine went into effect on Monday. His potential jurors were sent home Monday, and were told Tuesday told to call the courtroom Wednesday to find out when their services will be needed.

Superior Court Judge Daniel Barrett McNerney was about to instruct a jury on the law after evidence was presented in a rape case when the trial was shut down Monday by the lockdown.

The defendant in that case reportedly has agreed to waive his personal presence for the instructions – if necessary – on Wednesday, creating the unusual specter of the defendant being linked to the courtroom from the jail by phone while the judge reads instructions to his jury.

According to the state’s Department of Public Health, 12 people have died in Orange County because of swine flu – the most of any county in California.

We’ve only just begun

Shawn Connors InfowarsJuly 30, 2009

According to the CIA’s World Factbook, Americas GDP for 2008 was $14.58 trillion dollars. Fox News reported The United States Government and The Federal Reserve have so far pledged & committed $23.7 trillion dollars, an amount that far exceeds the value of everything we produced in this country in 2008. Simply put, the zero oversight bailouts dwarf our U.S. Gross Domestic Product. California Representative Darryl Issa, ranking member of the oversight committee wrote “If you spent a million dollars a DAY going back to the birth of Jesus Christ, that wouldn’t come close to just $1 trillion….$23.7 trillion is a staggering figure”.

As long as Americans obey their television, elitists will pillage.

Banks, Insurance companies, Automakers, and The U.S. Post Office have benefited from your future tax extortion. Meanwhile, the Washington Post reports, “The war is costing $720 million a day or $500,000 a minute”. Combine these debacles with the 7 million lost jobs since the “recession” began, rapidly increasing inflation, stolen pension funds, more taxes, and increased homeless families from foreclosures and this roller coaster ride is just beginning. Watch for begging in the streets.
If time stopped this minute, every man, woman and child in the U.S. including unborn future generations could barely pay this debt. But time doesn’t stop and the need for tax revenue will increase beyond imagination. $24 Trillion dollars will have to be paid. You and your future generations are going to pay this debt from every conceivable corner of life. Sales taxes, Income taxes, property taxes, all taxes and every “nickel and dime” permit fee and license you can imagine will increase drastically. New taxes will be created out of thin air. HR 2454 The Cap and Trade Bill is further evidence of revenue invention. Combine this with Barry Soetoro’s advancing Healthcare Reform and you have a 3rd world country in the midst. In the near future basic needs of humanity such as food, shelter and clothing will strain our budget. It may take multiple generations under one roof to simply exist.

Economic recovery will be prolonged because our government “sold out” American jobs via NAFTA a decade ago. Our trade imbalance is disgusting. No jobs equal no production of goods and services, which equals no money and shrinking national GDP. Lack of sales will further bankrupt brick and mortar companies resulting in more job losses. The vicious cycle is just beginning. Simultaneously, interest on our debt is mounting. Individuals lucky enough to keep employment may find themselves bringing home a significant reduction in pay. Exemptions and “write offs” will disappear. Imagine what minimum wage employees will net. Heavily armed IRS agents are on standby while mobster public officials dole out your future earnings like Halloween candy. The American people are nothing more than cattle; to be corralled, milked and slaughtered.
The Democratic and Republican mob bosses have bartered your future. Both campaign on blatant lies and summarily dismiss you the moment elected. These puppets are controlled by global elitist money masters. The Economic terrorism and enslavement is just beginning. Today, it seems the power elite are purposely bankrupting the dollar in favor of global currency. The crisis is undeniable and the propaganda media is scrambling to divert your attention away from reality. If global currency is introduced the Federal Reserve will officially report to the IMF. The American economy will be under international regulation and U.S. sovereignty will end. A Central Bank will enable total monopoly corruption. Nations will be at the mercy of one financial power group. As long as Americans obey their television, elitists will pillage. We are at the mercy of financial terrorists who list Goldman Sachs on their resume.
Nothing will relieve us from this burden of debt. Depression style unemployment, low salaries, heavy taxation, hyperinflation, demise of our currency and our sovereignty will render us slaves to a world order ruled by corrupt oligarchs. The attack on the middle class is nearly finished. Most of the population is struggling. The “haves” and the “have nots” is glaring. Sections of the United States will resemble third world poverty. Public infrastructure will continue to crumble. Tent cities continue to grow. Food pantry’s have empty shelves. FEMA camps are billed as “homeless camps”. Aggravated crime is up and the prisons are full. The United States is in replay mode of Germany’s Weimar Republic. World class Economists are pessimistic and U.S. Consumer Confidence is at a record low according to The Associated Press. If we don’t stop these crooks, who will? When will Americans act? Lack of involvement is what got us here. Gear up America…we’ve only just begun.