Surviving 2008- Before 2012!

by Ernie Fitzpatrick - Date: 2008-09-17 - Word Count: 557 Share This!

An interesting thing happened on the way to 2012- 2008! In an interesting twist on where we are headed (can you say shark-infested waters?) as a world, maybe a collaspe of the financial system will force us to get along and change our consciousness. Could what's happening today be a "learning curve" for the future? Is anyone SEEING what's happening?  

Every day now it seems that we're reading about how we the U.S. taxpayers, under the guise of the government, is buying yet another corporation, or loaning billions to rescue first one corporation and then another. So, is anyone asking where Uncle Sam is getting his money and how deep are his pockets anyway?

The federal government may seem like a financial knight on a white steed riding to the rescue of big companies in trouble. The irony is that Uncle Sam's got enormous money problems of his own, but the U.S. government is far deeper in debt than any of the companies it's bailing out.

How's that work anyway?

And if you think the Iraq war is free or that George W. Bush is a CONSERVATIVE, look again! The national debt stands at over $9.634 trillion. I know that means nothing  to the Federal government but it is spelled with a T- TRILLION! And that's nearly $4 trillion more than it was on the day President Bush took office. Thanks alot George. I'm afraid your legacy is now the worlds.

It is costing you and I (taxpayers) more than $230 billion just to pay the interest on the national debt. And it's getting bigger every day thanks to the relentless rush of the government spending money it has to borrow. The federal deficit for the fiscal year ending September 30 is expected in the range of $400 billion. Where's that coming from?

Who is Uncle Sam going to borrow from?

Listen, Uncle Sam doesn't have the $85 billion needed to bailout insurance giant American International Group, regardless of it's 79.9% stake in the bankrupt corporation. So, the treasury department announced this morning it would auction new debt to raise funds for the Federal Reserve's rescue plan for AIG. Russia has had to shurt down their stock market for the last two days because?

Because indirectly George W. Bush allowed (he's an oil man you know- from Texas) the price of a barrel of oil to hit $147. Russia was doing great, Hugo (as in Chavez) was buying 100,000 assault rifles and air planes from Russia, etc. But now with oil at $93 a barrel, all that speculation and wealth has evaoprated in less than a month. Now what?


"The president's economic advisors had determined that some of these companies were so big - that to allow them to fail would have caused even greater harm and damage to the economy," explained Press Secretary Dana Perino at today's White House briefing. Oh, so damage to the entire federal system wouldn't cause any damage?

And despite the government's intervention to keep a distressed company from failing, Perino insists "the free market is alive and well." "We'll weather the storm and be better for it," she asserted. But where does the federal government go when it needs a bailout? Taxpayers need only look in the mirror.

And McCain says that Obama will raise taxes!!!! Give me a break, before we go broke!

May we pray that we get out of 2008 alive!

Related Tags: consciousness, russia, bankrupt, george w bush, taxpayers, 2012, uncle sam, aig, surviving 2008- before 2012!, economic advisors

As a spiritual-futurist, I interpret current events in light of possible macro-universal forces at play leading up to 2012, but not limited to it.

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