The $1.3 Trillion Dollar Black Hole In The Economy

The answers can be found in the red and yellow bars above, representing Federal government spending and state and local government spending.  Federal spending rose by $700 billion, and state and local government spending rose by $300 billion.  (With the state and local spending being funded by Federal government  transfers that have been netted out, … Read more The $1.3 Trillion Dollar Black Hole In The Economy

The Dollar Collapse; Another Factor To Consider

A reader sent me an article this morning which I thought would be a useful piece for my readers to incorporate into the puzzle.  It was written by Jeff Nyquist of the Strategic Crisis Center which is a non-profit that he founded to help educate Americans on national security issues; mainly Russia and China. As you watch the video, keep in the mind that Russia and China recently reached an agreement to trade each others currencies without converting to the US dollar as the middle man.  I ask my readers to watch the video and read the article in their entirety.

From Financial Sense:

Those Who Know Will Understand

Submitted by JR Nyquist on Fri, 17 Sep 2010

According to some experts the U.S. economy is one “event” away from a catastrophic sequence. My own variation on this sequence goes something like this: first, the dollar collapses; second, the government’s response prevents any chance for recovery; third, political unrest and destabilization begins; last, the defensive function of the state fails as external and internal enemies take advantage of the country’s weakness. This sequence would likely be nonsense if it were only my sequence. Unfortunately, it is a sequence dreamt up by Soviet strategists as far back as the 1960s. It was the entire basis of the Soviet strategic blueprint of half a century ago. The writings of at least two Soviet Bloc defectors suggest that this same blueprint dictated the controlled “collapse” of Communism in Eastern Europe from 1989-91. This would differ from the uncontrolled collapse of capitalism that Soviet strategists also anticipated.

Read moreThe Dollar Collapse; Another Factor To Consider

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