The American government is moving into Default Mode. Because some members of Congress are honest; that is, they were elected by Americans who demanded that they obey fiscal prudence or not be re-elected, these members are halting the robbery of the American Treasury.
Also, Ron Paul, the Senator from Texas, who is a hard working honest Doctor of Medicine, is sticking to his principles and opposing the Power Groups who are intent on looting the American Treasury.
This is very much akin to the situation in North Africa and the Middle East where citizens are fighting Dictators.
The Dictators in America are the Power Groups who represent big business who are controlled by one small social group of elites which has ruled America for the last half century.
Today, July 29, 2011, the stock markets are ready to crash, the dollar is plummeting and gold is surging.
Here are some excerpts from Bloomberg:
U.K. Stocks Slide as U.S. GDP Misses Forecast; Lloyds, BHP Billiton Drop
“U.K. stocks fell after a report showed that the U.S. economy grew less than forecast in the second quarter and as Republicans failed to muster support within their party for a plan to raise the country’s debt limit.”
U.S. Stocks Fall as GDP Growth Trails Estimates, Debt Concerns Increase
July 29 (Bloomberg) — “Hugh Young, who helps manage $70 billion in Asian equities at Aberdeen Asset Management Asia Ltd., talks about his investment strategy and the impact of the U.S. debt impasse on financial markets. Young speaks from Singapore with Rishaad Salamat on Bloomberg Television’s “On the Move Asia.”
U.S. stocks sank, pushing the Standard & Poor’s 500 Index toward its biggest weekly loss in a year, after gross domestic product grew less than estimated in the second quarter, adding to concern the economic rebound is slowing as the government inches closer to default.”
German Stocks Fall for a Third Day; Deutsche Boerse, HeidelbergCement Drop
By Julie Cruz
“German stocks fell for a third day as U.S. lawmakers called off a vote on a Republican plan to increase the government’s debt limit and as a report showed theU.S. economy grew less than forecast in the second quarter.”
|GOLD 100 OZ FUTR (USD/t oz.)||1,633.400||17.200||1.06%|
|SILVER FUTURE (USD/t oz.)||40.335||0.541||1.36%|
Can the Elite Power Group rape the American Public? I think they can.
The American Public are a mixed group of greedy, uneducated and arrogant humans who would never have survived if they didn’t have a small group of conscientious leaders, who are not politicians.
American politicians, like all politicians, are slaves to the Power Groups who pay them. This applies to every country in the world.
However, the innocents of the world who will pay the ultimate price are the hard working people of the world who are being dragged into an economic calamity by the cretini whose only interest lies in feeding and wallowing in the dirt.
Wise members of society are moving out of the U.S. and Europe to countries where the population is homogenous and educated. These are : Canada, Australia, New Zealand and Chile. Getting into these countries requires specialized training. There are certain professions that are needed. Nursing and engineering are two of them.