Greece Collapses: Is the USA Next?
C. Ross Tobaire
The country of Greece is on its knees, desperately hoping for a “bailout” from the European Union. Excessive government spending and massive debt threaten to bankrupt this nation unless outside assistance arrives quickly. With a budget deficit this year of 12.7% of its gross domestic product (GDP), and consumer public debt exceeding 113% of its GDP, there doesn’t seem to be much hope left.
Greece is not alone in dealing with financial catastrophe. Portugal, Spain, and Ireland are some of the other EU nations that are currently staring into the abyss. One of the only questions remaining is, if the dominoes start falling, how long till the weakened U.S. economy crumbles as well? Not possible you say… well, consider this:
According to the 2008 CIA World Factbook, Greece had a government debt to annual GDP ratio of 90.10%. In 2008, the United States was at 60.8%. In 2009, the United States was at 83.41%, and according to usgovernmentspending.com it is projected to reach 94.27%. In essence, the entire value of everything produced by everybody in America for an entire year will roughly equal our federal debt. Note, that this doesn’t take into consideration the debt of the states, cities, towns, and most importantly, the consumer public debt.
All told, if Greece’s debt load is so unsustainable that collapse is immanent, then how far off is the United States from the same fate…especially if we keep seeing more Trillion dollar plus budget deficit bills like that of 2010.
A Meditation on Our Monetary System: State of Permanent Siege
by Richard Cook
Hat tip: Global Research
THE LEVEL OF PUBLIC IGNORANCE on the topic of the U.S. and world monetary system is astonishing. This is part of the plan, of course, because the monetary elite control not only the financial system but also the news media, the publishing industry, and the educational system. The blueprint for control was put together over a century ago by Cecil Rhodes and his friends, including British financier Nathan Rothschild, as documented by Professor Carroll Quigley.
During the 20th Century the power shifted to the U.S., with the Rockefellers playing the dominant role as they continue to do today. It is no accident that J.P. Morgan Chase—the Rockefeller family bank—dominates the U.S. derivatives market; nor that Exxon-Mobil, the Rockefellers’ oil company, is the most profitable corporation in history.
The basic plan was to place all of mankind in a state of permanent mental and emotional siege so that in the end we would trade all our liberties to the controllers in return for protection; even freedom of thought would be traded for physical safety. That plan is well advanced. The sheeple have been prepared for the final shearing.
Meanwhile, every attempt at real reform has been strangled in the cradle. Past voices for monetary sanity like those of Congressmen Louis McFadden and Jerry Voorhis were silenced. Starting in the 1970s, functionaries like Kissinger, Brzezinski, and Volcker carried out David Rockefeller’s plan to outsource manufacturing to China and eliminate the U.S. as the world’s greatest industrial democracy, replacing it with a financier oligarchy.
Barack Obama obviously works mainly for the financiers, as did Bill Clinton before him. The job of the Democrats is to keep the sheeple quiet by now and then implementing some “reforms”; the Republicans were a more blatant gang of looters.
