Obama Plans Fail as Economic Recession The Great Depression of 2009 Grows

Foreclosure filings jumped 24 % first quarter, The US Economy has Contracted at a 5.7% Rate in the first quarter. So much for the all mighty stimulus plans and bailouts helping the average American! Well, let me see! The economy is already dead around the world, so this 5.7% contraction really means that the already dead horse, continues to decay.

Everyone appears to be excited because the U.S. economy only shrank 5.7% instead of the forecast of 6.3%. Sure, this is better than the 6.3, but it certainly isn't anything to rejoice about. Tell me that the economy grew just 0.01% and just maybe we can even dare to think that this dead horse is beginning to revive, but until then the economists and the Government may as well just shut their mouths.

It is now June 09, reports are now saying that although Banks somehow reported profits in the first quarter (Lies) they are now failing. Banks Failing

Read about the foreclosures here; Foreclosures.

Will the United States economic recession become the great 2009 depression? Obama has furthered the United States fall into a depression in 2009, 2010. Slick speaking will not prevent a hard landing this year or the beginning of 2010. If Obama continues the T.A.R.P. bailouts, and stimulus gluts, the value of the dollar will finally crash around the World. The effects of the dollar crashing will be world wide global depression. And the scandals like that of AIG Bonuses will only worsen our condition.

Add to the Bailouts, all the Stimulus garbage and the economy has no choice but to dive further into probably the worst depression the World has ever seen. We are so much worse off today than the people of the great depression were. When you consider the difference in population and the credit monster looming over most of the World today, it isn't looking too good.

When you see the Government pushing so much worthless paper money into the economy, it makes one wonder where their head is! Did you all know that every single expert out there is saying that housing prices will continue to fall for another year and one half? They also tell us that the value of homes will fall another 29 %.

What this means is that everyone who gets one of these loans that are being pushed as part of the stimulus, will buy the home only to have it drop almost 30 % in value in a short 1 1/2 years. Doesn't that sound like a foolish thing to do? Yet, knowing full well that this is fact, the Government is making funds available through the stimulus plan so that Americans will buy homes.

We already have millions of Americans looking for foreclosure help, I suppose the Government could really care less if they are the cause of a few million more being added to the foreclosure list.

This is an added not: It is now July 3, 2009, Obama's mortgage bailout plan has failed. So he is now creating a brand new deal, which will also fail. This new mortgage bailout plan is called, " The president's Making Home Affordable plan."

If you read my comments above which are from a year ago, you will see that I had told you the plan would fail. I also pointed out the fact of how ignorant it is to help people buy homes when the value was guaranteed to drop drastically. Well, we read this morning that housing prices tumbled another 18% from a year ago. If you bought your home last year, you were foolish my friend. You need to stop listening to the very same economists and Government leaders who continue to sink our nation. Wake Up!

Here is a voice from the past that we should listen to today;

I predict future happiness for Americans, if they can prevent the government from wasting the labors of the people under the pretense of taking care of them. Thomas Jefferson

My reading of history convinces me that most bad government results from too much government. Thomas Jefferson

To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical. Thomas Jefferson

Here is what Thomas Jefferson said way back in in 1802: "I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered."

We are not yet at the point people were at in the Great depression, but we are at the door, getting ready to walk through it. Many are already comparing our condition with that of those in the Great Depression, at the moment they are wrong. I believe that by the end of April, they will be right.

Update: Are we in a Depression? Can we call it a Depression yet?

For a very short time the band aide (T.A.R.P.) will give the impression that things may be picking up, but shortly after the band aide has been applied the festering sore beneath it will have grown and force the band aide to fall off.

You all just go ahead and keep listening to the very ones who brought this condition on us, Corrupt Corporations and Political Leaders. Who do you think pushed so hard to get credit cards in all the hands of Americans? Who do you think caused all the mortgage failures? Greedy Corporations did it.

Honestly, I am fed up with this Presidents lip service. This man is either self deceived, a liar, or a fool, take your pick. I am totally sick of how this man keeps talking about the debt he received from the prior administration, when all along he refuses to even acknowledge the mountains of debt he has personaly created. When we set his mountain of debt next to the little hill he inherited from Bush, it is clear that this President must be blind to his own evil. He needs to shut his mouth because every time he opens it he shoves his foot into it deeper.

Let me tell you what my friend did when he was approached by his boss with the very first loan application that brought all this mess on. Dan told them to put that application where the Sun don't shine. My friend told the broker that this was a recipe for failed loans and he would not have a part in screwing millions of Americans. If my friend Dan knew what these type of loans would do, so did all the Mortgage companies and Lenders....Greed did this.

Let me tell you something about the good old Stock Exchange; have you ever noticed that it is set up just like a Casino? In fact, I call it the Corporate Casino. You haul your paycheck down to them, shove it into their Corporate pot in hopes of making a killing. But in the end, just like a Casino, the Corporation comes out on top and the little guy they suckered gets crushed.

Look at who the Governments are giving all your tax dollars to, it certainly isn't being given to the little guy who earned it, is it? No, the Corporate Casino comes out on top and all the investors (gamblers) go home broke once again.

You just go right ahead and follow your old ways of waiting until after-the-fact, waiting until the problem is too big to fix, waiting until after the flood has already hit. Not me.

I have learned a valuable lesson on this Hub. I have found that when the truth hurts, facts are called "Conspiracy Theory."

Update 3/18/2009; We just heard today that the United States deficit is far worse than the Obama Administration had predicted. The Government has to borrow at least another one trillion dollars from itself in order to cover their budget.

All the top economists are claiming that the Obama Administration is wrong about the projected deficit, these economists say that the added one trillion dollars is short by another trillion dollars.

What does this mean for the economy of The United States? It means that the value of the dollar will rapidly fall, gold will jump, and foreign currency trading (Forex Trading) will rise as investors look for a safe investment. This will further the onset of hyperinflation.

Everything is so overpriced in America; the average consumer is forced to use credit to purchase the common staples just to survive. This crediting of America has caused an economic hole that the majority of Americans are struggling to get out of.

The political answer to this ever deepening economic hole was the creation of the "troubled asset relief program," or, T.A.R.P. The first 350 billion dollars was given to Banks who had lent money to consumers to purchase homes, these Banks and Lenders knew full well that these consumers would be unable to pay them back. Corporate greed for more and more drove these institutions to get another buck any way they could.

Well, they got it didn't they? Little did we Americans know that they would get it in the form of the tax payer’s money in a massive T.A.R.P. bailout. In essence, what has taken place is the consumer, you and me, have now taken on more credit through the form of a Government bailout of Corporate America. Most Americans never consider the fact that when our Government borrows money they do so in our name, we are the responsible party that has to pay it all back, through our taxes.

Obama’s new plan to use the other half of the T.A.R.P. funds is just as deadly for the average American. On the face of Obama’s plan it looks good, but when you look at the details you find that he will do nothing more than, more of the same.

I’m not going to get into it all on this Hub, but what it does is deepens the consumers credit debt. Obama is going to see that you and me get a piece of this pie, but in the form of credit being made available to us. I am so fed up with politicians who do nothing but further the credit problem in America. Go ahead President Obama, help us dig a deeper economic hole, and while you’re at it, start shoveling in the dirt.

One thing that I do not think people are considering is the fact that millions of people have been awakened now to the error of their spending ways. I do not believe that even with the Governments trying to tempt and entice consumers to spend is going to work. People may not be as stupid as Washington is hoping. 

Here is a little talked about fact concerning the Great Depression. Did you know that in the years just prior to the Stock Market crash and the Great Depression that the Government increased the money supply into the economy by 61.8 %? Strange, isn't it, all these economists have failed to mention this little piece of information?

Again, I say; Those who do not study history, are doomed to repeat it!

What Obama refuses to tell us is that the new budget, was written by two French Socialists. Well imagine that, Obama rushes this budget to Congress, and now we learn that this budget was written by French Socialists. Obama you sure are a slick Fox!

• Stop already with the News about the Big Boys spending Billions on bonuses! Let's remember what really happened; our foolish Government leaders threw these billions in their laps with no conditions. Conditions were talked about before these Billions were given to these fat cats, but some how those conditions disappered on the path from the White House to the Fat Cats house.

• A sign of Governmental Tyranny is the attempt to suppress liberty.

• Supressed liberty is the sign of slavery.

• Most know what a slave is, but most do not know they are a slave.

• Once a people have been enslaved, the Dictator will Dictate.

• We believe that all have a right to their opinion, but the Dictator will silence all.

• For evry one crooked politician caught, there are another dozen yet to be exposed. 

I move that we as Americans stand together and march on every Government facility in America. O.K., I'll give Washington just a little more time to squander our money and prove to the Obama backers that this bailout garbage is a joke and will not help us in the end.

We Americans had better regain the spirit of our Forefathers before we allow our out of control Politicians to finish us off. The Government just loves the way we all bicker and fight among ourselves, this is the process they use to keep society from rebelling against them.

Don't you Americans even care about your liberties being taken away? Don't you even care about the fact that the rich are getting richer even as the middle class is being destroyed and joining the ranks of the poor?

What? Do you call having credit and oweing everything you have plus more, a blessing? Are you blind, or just stupid? Are you going to just set there and allow yourself to be buried by our loving Government policies that put us further and further in debt to foreign countries and fat cat banks.

Come on folks, wake up from the sleep our leaders have put you in. You mark my words, after this latest bailout, it will not be long afterwards that you will finally see that it has all been a joke played on the American people, you won't be laughing though!

The problem that the rich and our Government are not telling you about is a little thing known as "Fiat Money." This is a term used for a money system that has no real backing, meaning gold. This Fiat System has been used several times in history, and each time, the country using this system ended up losing everything. This is where we are headed, and all the rich fat cats and Government leaders know it.

If we don't rise up and demand our leaders to stop, we are finished my friends. The Government wants you and me to think that our real enemy is each other, that's a big lie my friends. Did you know that even though you and I disagree that that doesn't bother me at all? I suggest you read the Hub "American" and we return to sanity. 

The greatest possession, in the coming depression, will be a friend. A shoulder to cry on, an ear no longer deafened by the mad rush to nowhere.

There are already many stories of sorrow, sorrow kept silent by the media. This whole thing that is going on is such an evil plot. If you study the crash of the stock market and the great depression, you will clearly see that our government is following the exact same road map that led to the great depression.

I am continually hearing people say that our condition today is nothing like the Great Depression. Here are some links that will help you to determine the facts of our true condition.

http://www.genwi.com/read/8439481

http://www.foxnews.com/story/0,2933,424881,00.html

I would also point out that there is a huge difference today from the great depression. At the peak of the great depression there were only 12 to 15 million workers unemployed. What pray tell, will happen when we hit only 10% unemployment soon? That will mean that we have already reached the same level of individuals unemployed during the great depression.

And another thing, we have a much different type of person living amongst us in our day than they had during the great depression. I don't care what anyone says, a huge number of people among us today have no back-bone and will do all manner of evil to survive.

I remember the day when you got into a fight, you beat each other until you were tuckered out or someone got whipped. Today, these cowards have to use a gun, knife or anything that they can find to use as a weapon.

We have become a Nation filled with criminals, drug addicts, and even parents murdering their own children. It has become so bad, that you would be a fool to go out after dark in your own neighborhood.

For the life of me I can not understand what is wrong with us! I have warned and warned people over the last five years that this situation we are facing was imminent, and they needed to start planting gardens. Do you know that not one single person has listened. I believe it has to do with having to literally face the fact of how dire of a situation we are in.

I’ll leave you with this echoing voice of my Father’s words. When I was a child our Father constantly said, “This Nation will fall because the people no longer stand together against the evils of their Government, nor the evils next door.”

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War College warns military must prepare for unrest; IMF warns of economic riots

Those who think that the coming depression is just media hype are clearly living in a bubble of self deception. These few people are the same crowd who refused to admit that we were in a recession. We all knew a year before the White House announced we were in a recession that we were in it.

If you follow those who are blind to what is ahead, you will fall into the same ditch they do.

To prove that things really are that bad, I heard "The Conference Board Consumer Confidence Index tonight. It is only 37.7 % of Americans who are confident about this economy. That flies right in the face of those who say this is all media hype. This is the lowest level of consumer confidence since they started keeping this record 40 years ago.

"The Present Situation Index" which shows how the consumer feels about the present situation of the economy dove to 29.9%. So when I hear people saying that this is all media hype, I say to them, wake up friend and walk outside and look. It's all around you! 

As I have watched this Hub grow, and the comments expand, my thoughts are centered on what made America the great Nation she was. As humans we will always have disagreements because that's our nature, but when we allow those disagreements to separate us as a people, the stability of the Nation is threatened.

We have watched as over the years Special Interest groups with piles of money and political clout have pushed their agendas on America and her people.

Through the political process these minority groups have forced their will to be implemented and replace the will of the majority. These special interest groups have been witling away at our Constitution and cleverly changing the publics interpretation of its' meaning.

If we are going to survive as a Nation, we must return to the Constitution, and we must no longer become our neighbor’s enemy just because they have a different opinion.

I have special interests, you have special interests, but this does not give any of us special rights.

I found a petition online that you can sign if you object to the Governments Big Spending Bailout. It has climbed from 40,000 a week ago to 400,000 now http://www.nostimulus.com/

You may also be unaware that 200 main stream economists have signed a statement saying that they do not believe these Bailouts will help the economy. Barack Obama stated; There is no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy.

The response to the Presidents comment by 200 economists was; With all due respect Mr.President,that is not true. View it here; http://www.cato.org/special/stimulus09/cato_stimulus.pdf

Here is a link to an article that will help you understand in clear english the opinions of economists from both sides. It is one of the best discussions that I have found that will help the average person understand what is going on today with the economy and especially the Bailouts and Stimulus Plan. http://www.cato.org/pub_display.php?pub_id=9931

It appears that Barack Obama's god syndrome is beginning to show. The President now thinks he can threaten Republicans for listening to Rush Limbaugh.

President Obama told Republicans to break free of the confrontational mindset of Rush Limbaugh, the radio talk show host.

Mr. Obama builds his platform on reaching out to those on all sides of issues; however his actions speak louder than his words. My message to the current President is; Mr. President you are not God, you do not have any authority to attempt to manipulate the thoughts of men, by pressuring them to not listen to opposing views.

My feeling about this is; If you can't handle the heat Mr. President, Get out of the kitchen!

Mr. President, you have not even begun to be attacked like President George W. Bush was, yet with all the attacks Mr. Bush endured, not once did this man attempt to order others to stop listening to them. I believe your actions show the traits of arrogance and conceit Mr. President.

An opposing view is nothing more than an opportunity to express why you have the opinion you have. Those who refuse to listen to opposing views are a threat to true Americans. They are a threat to the Constitution, they are a threat to freedom, and those who attempt to distinguish opposing views are two times more the child of the Devil than the ones they attempt to silence.

I was going to write a Hub on something I had learned about gold, but I just don't have the time. I will just share a short bit of what I see coming for gold.

From all the information that I have collected here is what is going to happen.

I already knew that this Stimulus would pass, it's obvious that both Democrats and Republicans love to spend money. By the middle of 2009 the Banks and Corporations will grab all the available gold using the Bailout and Stimulus funds. Soon after the Banks and Corporations grab the gold, the economy will fall and we will enter the greatest depression the World has ever seen. The shortage of available gold and start of the depression will eventually drive gold to over $3,000.00 an ounce. The Banks and Corporations will think that they have achieved their goal, but I have bad News for them! Following this, in the name of security, Homeland Security will come knocking with the biggest wheel barrow they've ever seen. Believe it or not, this present administration is out to destroy corporate America. They are doing this for the purpose of taking control of business in America.

I arrived at all this from information I received from Jewelers and Precious Metals & Jems sellers about homeland security and their involvement with them. Do a search on FDR + Executive Order 6102 and when you put the two together you will see what is getting ready to take place.

It is too late to kill the beast now, we fed this corrupt system to the point that the cancer has now spread to the point of no cure. We sat back and allowed these evil men to take us over because we loved what they gave us. They created a system in which we were all dependent on them to survive. We had to have their credit and support just to manage the necessities of life. We sat back and got fat on food, clothing, houses, cars, trips, doctors, air conditioning, refrigerators, electricity, electronics, sex, drugs and money. Well, what did we expect? These evil groups were our friends as long as they fed us, but now that their evil plot is being exposed and they are withholding the goods, we make them our enemies! That is not how the game is played, we played, now we pay.