Reflections
Sad to say, the country that is our ally and who liberated us (and massacred millions of our natives in a war involving them and us in l898) is seeing its glory days over. Its massive expenditures on the arms race, patrollling the seas with its multibillion submarines, planes,ships, military bases and massive lending to the banks to finance real estate and housing bubble is telling on its massive debt, currency and the government.s ability to stay afloat.
l. Since August of 20ll, its debt has grown by another l.5 trillion dollars. Up to 200l, its debt was only about 7 trillion dollars. Since that time, it grew to l4 trillion up to July 2011 (when they have the debt limit law debate)
2. Payments of payables are delayed.
3. The Federal Reserve Bank is infusing more credit into the economy: via loans to bank, more money (although they are saying they are not printing more money) But digital money is created electronically.
4. Its operation is financed by massive debt abroad and the debts from this country is now just trickling in, no longer as floods
5. Even their own savvy investors are warning against investment in government securities;
6. Unemployment is a big problem;
7. Loss of productivity and more cash in circulation is fanning inflation (massive spikes in prices of fuel and food items)
Let us pray for them
