Share it with your friends. | Open Player in New Window
How was Gruber right? Because government run education does not provide a proper education in regard to economics. People simple no longer understand the bigger picture when provided the evidence.
The Debt hits $18 TRILLION; UP 70% since Obama took office. We have created a trillion dollars more debt to pay off old debt. Meanwhile, the Feds take in record tax revenue of $341,591,000,000.00, which can’t cover the government spending currently underway… and this doesn’t even include the fallout of the Obamacare which we soon begin to feel. Holiday retail sales already down substantially, stocks are beginning to slide accordingly. Retail closures continue and our GDP is over 100%.
Obviously, none of this is good news, I know. But this is literally all expected. Many people have tried to warn of the economic situation that is beginning to emerge. An American Warning is no exception. What we are seeing is the economic upheaval that I spoke about in my book. Of course, you know what follows: the war cycle.
Russia is ramping up their war games and they also recently launched a ‘wartime’ HQ in their major military upgrade. They are becoming a target and they know it. NATO came out and said that Russian jets pose a threat to civilian planes.
Then (as we spoke about last week) gas prices are going down and I mentioned that time would demonstrate that this was going to be a bad deal. Bloomberg ran a story today stating “Oil’s decline is proving to be the worst since the collapse of the financial system in 2008 and threatening to have the same global impact of falling prices three decades ago that led to the Mexican debt crisis and the end of the Soviet Union.”
Let’s talk about it.