Beware Forging the Link's in the Chain by Which you will find yourselves bound!

Barak Obama --HOODOO with Voodoo or something - But BO certainly must have failed leadership 101: But we put the sorry bastard there -- we deserve it(apparently).

David Edwin Bell (Dai) - published 29 Apr 2009

What is the reality of what is going on? Our media(they are not the 4th estate which ceased to exist quite some time ago(by my estimation, with Walter Cronkite)…our media continues to report that the BO express continues to aid us, the common American living in Hillary Clinton’s “Fly-over Country”. You know the sort… works for a living, does not consider themselves radical either left or right, who raise their families and do their best to forward the ability of their children to have a better life than they themselves have had – Nixon’s Silent Majority.

Last year, much of this population was so disgusted with George W. Bush and the candidacy of liberal John McCain that even the addition of a true conservative voice on the party ticket – Sarah Palin – could not save it. Perhaps justly so. After all, who was enamored with George Bush who never vetoed anything and spent us into oblivion, oversaw the creation of the “Police State” DHS now turned inward on the folks who live in flyover country, who cling to the idea that there still is a Republic? After all, what did voting for the GOP do for us differntly than what the DNC has given us? Not much difference at all -- 6 of one, you might begin to say.

TODAY, the AP in an article by By JEANNINE AVERSA, AP Economics Writer, reports that the economy shrunk even worse than anticpated (see the full context via the article entitled: “Economy shrinks at worse-than-expected pace” . This report demonstrates by the numbers that a decline of 6.1% from the previous year showed up in the lack of economic reinvestment. Companies cut back. They sold out exist warehouse stock and cutback on any investments in new products, restocking or R&D. Furthermore the article points out that the people in flyover country have stopped throwing dollars around. Meanwhile exports dropped, in a massive decline not seen in 40 years. The article points out that what was anticipated by the experts: A decline of 5%.

There is No Economic Rebound in the Offing! If you take a look at the first quarter of 2009, it performed as poorly as the previous quarter in 2008. In 2007 signs of the Subprime Mortgage failures began to Appear. The Fed stopped reporting how much money was being printed in 2006. We still don’t know how much money is being printed and it is mid 2009. The printing money remains a mystery. We also do not have the penchant of our anointed politically elite class – and BO (aka, Barak Obama, PotUS) has spent trillions[3.5T] and promises to spend trillions more--perhaps as great as driving the US Debt to 17Trillion, up from 10T which was inherited from All previous administrations since the foundation of the Republic in 1789).

When examined, it appears that the failure of subprime Mortgages, foretelling the future of our “trusted” financial institutions, the increase in FDIC insurance to 250k, the bailout beginning with George Bush and continued “en masse” by the Obama Administration, the Democrat House of Representatives and Senate, has failed and miserably.

Think about it: What happened in 1929? A Stock Market/investor class collapse. FDR Took over in 1933 and promptly began massive government intervention (see my previous personal observations regarding the Great Depression).

Think about it: After 4 years of massive Socialization, Government takeover of private enterprise, FDR trying to stack the Supreme Court, and what was the worst year of the Depression? 1937. Look it up. In an article by Doug French published at the Von Mises Institute, French notes that “…Obama with his
$3.5 trillion budget sees himself as the new FDR, armed with a new New Deal…” But observe the truth about what is happening, now and what is going to happen; observers, especially our experts are indulging in positive speculation, which is absolutely unfound.

HERE IS WHY.
1. The next wave of mortgage and business mortgage failures is yet to come – in fact the tip of the iceberg is now showing. We will see in the near future a wave of Mortgage failures with Alt-A and ARM Mortgages is just beginning, and as Defined by Bill Bonner at the Daily Reckoning, this promises to go on into 2011.

2. I pointed out that job losses cause “consumer spending to drop”. The AP report of today As defined above demonstrates this without my needing to say more.

3. The next failure that Mr. Bonner observes is what is already going on world-wide: taxes are being raised on his subscriptions to fund failing economic institutions. Human Events Magazine, on 28 April 2009 observed the same thing with a complaint of the cause, the lobbying by outfits like TBS and Rupert Murdoch being the c culprit. – but job failures, employment problems world-wide are another wave of the economic Tsunami that is headed our way.

4. The Dollar, which is the value of economic exchange related to oil has not reached its bottom. Tell me where countries like Saudi Arabia(which reports a reserve of 150 Billion Barrels of oil or more—in the face of reports after the take-over by the Saudi Princes in 1979 – Aramco, which then had estimates of only 110-120 Billion barrels of oil—tell me of their new discoveries of oil field reserves? Or for that matter, faced with this threat, what is our country doing about finding, drilling for, recovering and refining new oil? NOTHING. And Obama(and AL Gore & Company) are leading us down the road to oblivion, Green economics and green jobs being the means by which they will ensure domestic tranquility – in the face of

5. of a gun wielding thugs, DHS, Border Patrol, and who knows whom else).

6. THE VALUE OF THE DOLLAR HAS NOT SHRUNK TO IT’S NATURAL LOW. Expect $5-6$ gasoline by the end of the year.

7. Meanwhile we just had an economic summit in Europe where pledges of IMF money from many countries was made – the best way not to follow the rest of the world is not to buy into what they are selling. It is reparation and it won’t work and just like the UN we should get out of IMF and leave it alone – remember – bailouts don’t work.

8. China’s failing economy was already widespread after 2007 or before. They have had riots at factories, seizures, imprisonments and the repercussions of this are being felt from India --who is betting their own economy on running our telephone and service infrastructure remotely and succeeding(when we know that our consumer economy is falling apart)—to the complete Pacific Rim of nations .

The bottom line? The American Consumer society of eating out, using technology built and supported elsewhere is about to fall apart. American’s are just about to find out that Frying each other’s Hamburgers will not sustain an economy.

The Voodoo Economic’s of Barack Obama are doomed to failure -- despite giving himself a credit for success of the first 100 days, I believe it is a portent of the curse of our failed 4th estate – to tell the truth, to report the facts, to do investigative reporting , without working to persuade the people who live in flyover country of the problems with fascist socialism. Yes. That is what it is. Yes that is what they are: Liberals, Progressives, - er-- Democrats control the complete picture of our law-making Republic. Our President has given out secrets and cow towed to the worst of our enemies without defense of The American Republic.

Is the Great Experiment Over? I think the tea parties of recent event are an obvious awaking of the public attention to the dangers presented them. These people may even have bought into the mass popular delusion that infected the public in 2008 with Obama.

You must be the judge – I believe that the common everyday citizen in this great flyover country, is far wise than our controlling elite and certainly brighter than they themselves believe. We must take action! If we are to save what is left and restore the American Experiment, don’t wait for government to save you – you will have to do it your own damned selves. You must get involved and carry the message and work to turn aside this police state, this socialist expansion. If you do not take action you will have, as observed by Franklin in his closing remarks at the Convention of Philadelphia in 1787, inherited the despotic government you justly deserve being incapable of any other. Or perhaps to put it in terms of Ancient Rome, (they too were confronted with a messiach—not a misspelled term-(Julius), and it was the evil Brutus who later plunged the last knife into the breast of a “God”…Brutus who sought to warn his fellow Romans, he observed, if indeed I can still address you as such, beware forging the links in the Chain which Caesar will one day make you yourselves wear.