Skip O'Neill – Liberty for All

Ron Paul for A New Direction

Posts Tagged ‘Obama

The last time the Dow was this high…..

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The last time the Dow was this high…

•Food stamp participation was 26 million, today it’s 48 million
•Gas was $2.75, today it’s $3.80
•Gold was $748, today it’s near $1,600
•U.S. National debt was 9 trillion, today we are at $16.4 trillion

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China’s Economic bubble begins to deflate in 2013

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China Bubble begins to deflate, China currently has 65 million vacant units of real estate, these cities have been rightly dubbed, ghost cities. China has also been stockpiling commodities, this growth is now on edge due to China’s wage dilemma. If China allows wages to rise so that their citizens can begin to purchase a lifestyle of a middle class family, China may as a result lose jobs to lower wage countries like India and other parts of Asia. However, if China continues to keep wages low, they will basically be stuck building an empire that no one can afford to live in. To top it off, China has a long term demographics problem, probably the worst the world has ever seen due to China’s 1 child policy. China over the last generation has created a population of 4 grandparents, 2 parents, and 1 child. China in the next 20 years will have more old people than the entire U.S. population. As the world slows down, China will potentially see the worst of the downturn as jobs move out of China and demand for Chinese goods collapse in the West as those nations experience depressions and dramatically lower incomes from austerity.

Written by opinionoregon

January 6, 2013 at 8:21 pm

Disappointed in Paul Ryan

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I had a glimmer of hope late last summer when Romney picked Paul Ryan as his running mate. Even though I voted for Gary Johnson (in OR Obama was a slam dunk), I felt that the GOP had finally woken up and were listening to the people. Well, last night Paul Ryan just kissed his 2016 Presidential run goodbye. I realized that I should not put the hopes of the country in a single DC insider, but rather in myself and in my like-minded followers. Thank you for be there for me and let’s move a mountain.

Wage and Price Controls hurt those it is intended to help

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A minimum wage is considered a price floor. In other words, it is a level below which the price of something is not allowed to fall.
When an employer is forced to pay someone a wage that is higher than what the free market would bear, they must make a decision to hire that person or not. If the cost to hire a person at an artifically higher wage is not cost effective, he/she will not make the hire. In addition, If a small business owner is paying his employees an hourly rate and that rate is raised by minimum wage laws, he/she has to make a key business decision; who should I fire to cover for the rising labor costs. Remember, minimum wage laws are political. Politicians would never get elected if they said, “Let’s get rid of minimum wage!”

Top Reasons why America will NOT turn around for 20 years.

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Dollar Decline – The continuation of dollar devaluation through inflation, leading to the end of the dollar as the world’s reserve currency. Additional downgrades of America’s credit rating. Probable 30+% inflation, gas prices by 2015 of $ 8 per gal. A National Debt by 2016 of $ 32 trillion.

Continued deficit spending – Massive increases of government spending at a minimum of $1.7 trillion per year. Healthcare costs skyrocketing to $1 trillion per year. Spending carryovers from 2012 of over $ 200 billion. $40 billion monthly (1/2 trillion in 12 months) mandated spending through 2013 just printed money backed by nothing. (Medical costs for 2011 were $ 835 billion they double every 7 years)

Pandering to Middle East – The continued failure of foreign policy through increased violence in the Middle East. Further growth of Islamic fundamentalism and the Muslim Brotherhood. Expanded assassinations with drones, of Obama identified terrorists. Expansion of wars in the Middle East most likely with Syria and Iran.

Internet spying – Massive attacks on the Internet, and free speech. The development of cybersecurity in the fake support of anti-terrorism. The opening of a new NSA managed security operation, which is actually a violation of the 4th and 1st amendments, cataloguing every American. Attacks on free speech through the use of controlling social media by restricting individual and group access to the Internet, something that is already operational. The control of web content. Restriction of Internet IPO’s whose allocation will be turned over to an international body.

Supreme Count moving left – Two more leftist Supreme Court justices turning the Supreme Court into an leftist majority that will internationalize American jurisprudence, destroy what ever little is left of the constitution, and complete America’s journey to socialism.

Excessive regulation – The regulatory juggernaut that began on the first day of the Obama administration will be greatly expanded to destroy American free enterprise of every sort. Any company successful will be relentlessly attacked by over-regulation. This will destroy jobs and foster business nationalizations.

Shutting down Americas Energy – Green energy in the form of solar and wind electric energy production, and electric cars all of which are non-competitive on the marketplace, without huge government subsidies (your paid taxes) will be expanded. These are the very policies that have brought Spain to bankruptcy. They will waste billions more, (six billion of bankruptcy’s in first term) drive fuel prices through the roof, eliminate coal as an energy product, eliminate Alaskan oil production, prevent the Keystone pipeline from Canada forcing Canada to sell their oil to China, drive all costs of energy and food up, and reek havoc with the entire economy.

Illegal Explosion – There will be amnesty for 25 million illegal immigrants. This will almost immediately bankrupt the entire welfare systems including Medicare, Medicaid, Obamacare, and Social Security.

There does not appear any way to turn America around, at least not in the next generation or two.

Predictions for the next 4 years. Scarey!

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Here is a list of ten things that will happen during the next four years.  

  • U.S. credit rating downgrade,  Again.
  • Deflationary shock (market crash)
  • The bursting of the bond bubble (short bonds)
  • Devaluation of the U.S. dollar (can you say gold and silver?)
  • Government defaults (local)
  • Mining stocks bull market that will turn into an epic bubble
  • War with Iran (probably an attempt to distract us from the real reasons the economy is failing)
  • A new normal for unemployment, real unemployment (U-6) will avg. 16%
  • U.S. Depression acknowledged by the media and world
  • The Dow Jones and gold will have a 1 to 1 ratio somewhere around $4,000

Written by opinionoregon

November 8, 2012 at 10:27 pm

China is cornering the market on rare earth elements

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You may have heard that China has the market cornered on rare earth elements and is holding them hostage to countries like Japan. Japan absolutely requires them to create many of the sophisticated electronics that many of us take for granted. Things like large transformers that support the power grid are manufactured oceans away from where they are needed. If there were ever a large EMP or solar flare the United States would go back to a pre-industrial age overnight and as it sits currently we would have to rely on China to get the lights back on. The rub is that China would struggle to feed it’s 1.3 billion people if it weren’t for US food production. Many countries that depend on staple food importation would see Biblical style famine in the event that the massive legion of cargo ships stopped running. Disruptions in the Middle East oil supply would be devastating to the global economy as we, here in the US, only source about half of our liquid fuel domestically.

Written by opinionoregon

November 5, 2012 at 5:22 pm