When one is prevented reaching by governments, it brings about an enforced situation where aberration flourishes in all societies and nations. While the world has been watching Capitol Hill unfolding on its responsibilities, trying to catch up and handle the debt ceiling deficit signed into a law yesterday by President Obama to avert a default, it further added to the crises Americans are facing. “I want to be crystal clear. Nobody has talked about increasing taxes now. Nobody has talked about increasing taxes next year. We’re talking 2013 and the out years”, President Obama stated. Read More→

Is it over? Capitol Hill’s red white and blue fireworks left many Americans in fear of residuals dropping into their laps.

The House has reached the required majority to pass the debt limit increase. There remains the continued concern over Eurozone and possible loss of US AAA credit rating. At 6:08 p.m., Eastern Standard Time, the following statement came from the White House: “The bill would increase the debt ceiling to a level that will be sufficient for the Nation to meet its obligations through the beginning of 2013”. In layman term it means, that the debt ceiling is layered and controlled in the future. In other words, raising the debt ceiling at first will allow the US Treasury through 2012 to put caps on spending, thereby reducing the deficit by $917 billion over the years. Secondly, an automatic cut with another round of $1.3 trillion cuts to come into effect to further boost the economy and then the by partisan joint Committee called the Supper Congress, will come up with another deal in September with more tax increases that could bring back SS, Medicare etc., into the deal. Read More→

Economy is a sleeping giant or a ripening cadaver. With more than $9 trillion of publicly traded Treasury debt held world wide, gold has become the only safe security with somewhat momentary Swiss Franc to anchor investors in the global markets. Read More→

The US Congress is unable to agree on spending cuts and revenue increases, while more cholera epidemic holds Tahiti in a death grip. Adding to an already existing global economic mess, the disease is ravaging the country, undermining the Third World Development. Killing 6,000 people with another 14,000 affected by the infirmity spreading throughout all regions already mired in historic debt and in danger of complete economic collapse. Haiti is much worse than any other country in the Americas and as bad as anywhere on Earth. Some are blaming the United Nations while others the Americans for remaining hopelessly in debt. Read More→

To understand the aberration in any system, one simply needs to look at the present economic actions being structured throughout world governments. The fact that there are forces building toward a massive global economic meltdown has left little trust in governments. The positive aspect to this present economic crisis is, that its time for a good housecleaning if you will. Leaving the doors wide open to reexamine an out of control mechanics in the presently aberrated policies. Such no less evident in the latest crisis yesterday as 50% of Spain’s youth out of jobs were protesting the Spanish government. While millions of Italian are smoldering on a brink of default Greece is going to need a third bailout along with a slew of 19 more European countries heading for default. Each risk sparks a deeper economic crisis for a new global transformation that proves to be imminent. Collectively, world wide debt is much too high and it compounds daily. Bailouts of any kind further dig the debt hole while addressing the political and economical situation as well in the US. Those still in the la-la-Ameriland expecting economic growth by listening to politicians’ own agenda’s, are unable to fathom, the US is in an economical decline. Read More→

Once again, the national fiscal house is far from being in order. Somebody is going to have to pull a rabbit out of the hat not to prolong this stalemate. Watching the President giving an essay type of political speech last night there was no actual written proposal as he insisted on raising the debt ceiling to simply pay what we owe. And why not? President Regan did it 18 times Bush 7 times and so on…so it’s no big deal, except for the fact, the American people will be the collateral. Read More→

The price of Gold is rising due to too much credit (debt) resulting in no trust in the system. Central Bankers and Governments/Politicians are panicking about gold price because it’s telling them their fiscal policies are failing and debts are uncontrollable. Even the space program has been cut out of the American dream. Atlantis landed at the Kennedy Space Center in its final flight. Obama’s reticence towards a federal space program has become a disaster for society, science, and human endeavor. While NASA receives about 0.6% of the entire $2.9 trillion US federal budget, it’s doubtful that even the Hubble will ever be brought back to Earth. However, with the economic restrains ticking, a much larger thrust is building in the US. Its no less powerful than a rocket booster as the world awaits the debt ceilings final landing. But then what afterwards, could anything be salvaged? America says the government is doing the very worst job they’ve seen in their lifetimes. Read More→

We live in complicated times with many messages reaching us throughout the day, the largest number of them misrepresentations of facts. To finally face where we are and where we need to go, we need clarity. With each country preparing for the worst, hoping for the best, it lately comes with a greater price. As governments tinker with cash flow chaos, and with defaults threatening both sides of the globe, we are experiencing a paper war no other time in history. There is a reason to be concerned when seeing the whole picture of 420 banks calling for one currency. Read More→

The question is often asks who brought America to the brink of debt. Was it President Bush and the Republicans who have doubled the national debt from $5.2 trillion to in excess of $11 trillion in 8 short years? When Bush turned $3 trillion of surpluses into $1 trillion deficits? However, its an unproductive data to the present situation. Read More→

Buckle up folks, were into a bumpy ride! A rambunctious one at that. China has boosted its holdings by US $7.3 billion to US $1.16 trillion in May, said the Treasury Department yesterday. And still, Republicans and Democrats are taking different tactics. Senate Minority leader Mitch McConnell proposed that President Obama would be allowed to raise the debt limit unilaterally, but Congress could veto the increase. When Bill Clinton was asked if he would raise the debt ceiling should Obama and Congress fail to agree by August 2nd., “without hesitation, and force the courts to stop me” he said. Read More→