Perhaps, at an earlier time in our country's history, it might have made sense for Secretary of State John Kerry to formulate a $1 billion loan guarantee for Ukraine. Besides working with the International Monetary Fund and international organizations to arrange the loan, the Obama administration is also considering additional direct assistance to Ukraine.
But the United States itself could soon end up becoming a bigger version of Spain or Greece, two countries that are in the depths of financial crisis. We are no longer a rich country, but a nation on the edge of financial ruin. With a $16 trillion dollar debt, we have to borrow money from China and other nations to stay afloat.
If the national debt balloons to $21 trillion, US credit rating will experience a downgrade. Despite this looming disaster, Kerry wants to save the Ukraine. Is it too difficult to think of spending the cash placing folks back to work here in the United States? Our rising unemployment is possibly two times the 8.2 percent put out by official statisticians.
As far back as 2006, top economists like Wiedemer were talking about the looming collapse of the U.S. housing market, a decline in the equity markets, and a fall in consumer spending because of rising private debt. Today, much of what was predicted back then is showing up through some alarming trends-high unemployment, a plunging stock market, and a spiking annual inflation rate.
Federal Reserve Chairman Ben Bernanke, as well as former chief Alan Greenspan, who were entrusted with troubleshooting economic peril, have done a good job in creating just the reverse. And while the dilemma they engineered by reckless printing cash proceeds unmitigated, Kerry has toured the Ukraine, guaranteed assistance, and notified Putin to de-escalate his armed force.
Now, if that's not ridiculous enough, here's one more twist to the story. While the Obama administration is hunkering down with Congress to supply a $1 billion financing guarantee to protect that country from minimized energy subsidies, Russia will probably counter that initiative by raising gas rates. Now get this-because the Russians are the majority holders of Ukrainian financial obligations, the money from the U.S. will wind up in Russian banks.
It's like the Titanic's captain and crew playing poker while the ship is heading straight for an iceberg. We have been talking about the wisdom of investing in your future for some time now by getting God's money-precious metals like Gold and Silver-because it will not be long now before the paper in your billfold will be worthless.
But the United States itself could soon end up becoming a bigger version of Spain or Greece, two countries that are in the depths of financial crisis. We are no longer a rich country, but a nation on the edge of financial ruin. With a $16 trillion dollar debt, we have to borrow money from China and other nations to stay afloat.
If the national debt balloons to $21 trillion, US credit rating will experience a downgrade. Despite this looming disaster, Kerry wants to save the Ukraine. Is it too difficult to think of spending the cash placing folks back to work here in the United States? Our rising unemployment is possibly two times the 8.2 percent put out by official statisticians.
As far back as 2006, top economists like Wiedemer were talking about the looming collapse of the U.S. housing market, a decline in the equity markets, and a fall in consumer spending because of rising private debt. Today, much of what was predicted back then is showing up through some alarming trends-high unemployment, a plunging stock market, and a spiking annual inflation rate.
Federal Reserve Chairman Ben Bernanke, as well as former chief Alan Greenspan, who were entrusted with troubleshooting economic peril, have done a good job in creating just the reverse. And while the dilemma they engineered by reckless printing cash proceeds unmitigated, Kerry has toured the Ukraine, guaranteed assistance, and notified Putin to de-escalate his armed force.
Now, if that's not ridiculous enough, here's one more twist to the story. While the Obama administration is hunkering down with Congress to supply a $1 billion financing guarantee to protect that country from minimized energy subsidies, Russia will probably counter that initiative by raising gas rates. Now get this-because the Russians are the majority holders of Ukrainian financial obligations, the money from the U.S. will wind up in Russian banks.
It's like the Titanic's captain and crew playing poker while the ship is heading straight for an iceberg. We have been talking about the wisdom of investing in your future for some time now by getting God's money-precious metals like Gold and Silver-because it will not be long now before the paper in your billfold will be worthless.
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