Probably, at an earlier time in our nation's past, it may have made sense for Secretary of State John Kerry to formulate a $1 billion loan guarantee for Ukraine. Yet, besides collaborating with the International Monetary Fund and many international groups to organize the loan, the Obama administration is also considering adding direct support 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 will experience a downgrade; yet despite this looming catastrophe, Kerry wants to save the Ukraine. Imagine spending money put people back to work here in the US? Our rising unemployment is probably twice the 8.2 percent official number.
Our current financial blues aren't new for far back as 2006, top economists like Wiedemer were discussing the pending collapse of the U.S. housing market, a decrease in the equity markets, and a fall in customer investing as a result of increasing private financial obligation. Today, much of just what was anticipated at that time is showing up with some worrisome trends like high unemployment, a plunging stock market, and a spiking annual inflation rate.
Let's face it--Federal Reserve Chairman Ben Bernanke and also former Chairman Alan Greenspan, left with the task of damage control, have done the reverse. And while the crisis they crafted by recklessly printing money proceeds unrelentingly, Kerry has actually explored the Ukraine, guaranteed aid, and cautioned Putin's military to stand down.
Now, if that's not crazy enough for you, here's one more twist to this tale of official lunacy. While the Obama administration is planning to collaborate with Congress to give a $1 billion financing guarantee to shield that nation from reduced energy subsidies, Russia will most likely counter that initiative by elevating gas prices. Yet because Russians are the bulk holders of Ukrainian debt, the money from the U.S. will wind up in Russian financial institutions.
It resembles the Titanic's captain and crew deciding to play poker while the ship is heading straight for an iceberg. For some time now, we have been talking about obtaining God's money--Gold and Silver--due to the fact that it will certainly not be long now before the paper in your billfold will be useless.
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 will experience a downgrade; yet despite this looming catastrophe, Kerry wants to save the Ukraine. Imagine spending money put people back to work here in the US? Our rising unemployment is probably twice the 8.2 percent official number.
Our current financial blues aren't new for far back as 2006, top economists like Wiedemer were discussing the pending collapse of the U.S. housing market, a decrease in the equity markets, and a fall in customer investing as a result of increasing private financial obligation. Today, much of just what was anticipated at that time is showing up with some worrisome trends like high unemployment, a plunging stock market, and a spiking annual inflation rate.
Let's face it--Federal Reserve Chairman Ben Bernanke and also former Chairman Alan Greenspan, left with the task of damage control, have done the reverse. And while the crisis they crafted by recklessly printing money proceeds unrelentingly, Kerry has actually explored the Ukraine, guaranteed aid, and cautioned Putin's military to stand down.
Now, if that's not crazy enough for you, here's one more twist to this tale of official lunacy. While the Obama administration is planning to collaborate with Congress to give a $1 billion financing guarantee to shield that nation from reduced energy subsidies, Russia will most likely counter that initiative by elevating gas prices. Yet because Russians are the bulk holders of Ukrainian debt, the money from the U.S. will wind up in Russian financial institutions.
It resembles the Titanic's captain and crew deciding to play poker while the ship is heading straight for an iceberg. For some time now, we have been talking about obtaining God's money--Gold and Silver--due to the fact that it will certainly not be long now before the paper in your billfold will be useless.
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