Break out the coffee enema on the Statue of Liberty. Or better yet, sick it on Jim Cramer. The US economic system is backed up and there's only one way out.a massive detox that is going to result in the biggest flush heard around the world.
US Economy is a Disaster
Like any good detox, people are going to feel worse before they get better. This is no different with the current state of the US economy. There will be a lot of pain, a lot of finger pointing (can I suggest a direction, that may possibly dislodge the problem?), and a lot of excuses from the banksters, mortgage brokers, politicians, and the like.
However, when you deal with toxicity the best thing is to acknowledge it, take steps to rectify it (LOL), and prepare for some pain and discomfort. During and after the process you need to supply your body with powerful foods and herbs that can cleanse your body's systems so that it can regenerate properly again.
The US economy is no different.
The government needs to stop incurring toxic debt and has to stop ignoring the root cause of the problem. The system needs a serious cleanse, but they refuse to take the healthiest route. It's almost like they are in cahoots with the FDA (ahem) and they operate on the same premise - keep the public on their happy pills, declare martial law on anyone who tries to question or buck the system, and refuse to offer any real lasting solutions that keeps the public's monetary and physical health intact.
That's because it's not profitable for them to do so. They can't resist the monetary orgy, and having their front shirt pockets and bra's being filled with newly printed bills (or perhaps certificates for a stake in Fort Knox).
Uncle Scam indeed.
One palpable trait of a toxic government is the denial to see the truth, or acknowledge it. Like a new guest at AA, its either everyone else's problem or something you inherited. Either route will NOT result in a detox, which will not result in true health in any realm.
So what are the politicians doing? Blaming everyone else and employing complete denial.
"We've always been and always will be a AAA country," says Obama recently (referring to their credit "score" downgrade from AAA to AA+). Mark those words on his political tombstone.
Back in April, two days after S&P warned they were considering a downgrade on the US credit rating, Tim Geithner was asked what he thought of S&P's chances of going through with it. "No risk of that, no risk," was his reply.
Whoops. There's that denial again.
America's biggest cheerleader, Warren Buffet, feels the US economy deserves an AAAA rating, as it can print money at will. Inflation, well, that's another issue. So now we have denial disguised in a lie. If default were the only route to a downgrade, the US economy would never have to worry and could keep its AAA rating. However, hyperinflation (which results from "printing money at will") will surely result in a downgrade as much as a default, and that's exactly where the US is headed (along with everyone else). It's just going to take a while longer.
Then we have a bunch or "world savers" who were feverishly working on a budget that would keep the debt ceiling from being smashed through - again. However, the new deal didn't result in any "cleaning".
Consider the following example, which compares the debt ceiling deal to a household budget:
Total annual income: $21,700?Amount of money the family spent: $38,200?Amount of new debt added to the credit card: $16,500?Outstanding balance on the credit card: $142,710?Amount cut from the budget: $385
How long do you believe this family will remain solvent?
The bigger problem is that Uncle Sam is part of everyone's family, and his debt is ultimately your debt, and your children's debt. How do you feel about your Uncle now?
Unfortunately, the good times always have to come to an end and the consequences are equal to the debauchery that preceded it. That party is just beginning to wind down. I suggest you sober up quickly, do your own cleanse, and build up your "minerals" to safeguard your own particular situation. Just because the US economy is going to do a detox, doesn't mean you have to join in.
So quaff back that last beer, and sober up, before the political hooligans do, and avoid the unnecessary hangover.
Source:
http://www.financebusinessarticles.com
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