Saturday, February 7, 2009

A Trillion Dollar Mistake

By A.C.H.

Here is what you can expect beyond a new “stimulus” bill that will be signed upon the desk of President Obama:

Continuing economic failure beyond three media months of rosy spin, propaganda, worry, and hyperbole intended to guide today’s mindless mass of robamautomatons into a collective sense of baseless hope.

In short, this is dangerous and it will present the next step into what I am calling, “the great disappointment” and worse as per the next four years with the Obama Administration.

This world is now heading into an economic crisis that will diminish the quality of life for youth in the many years to come.

Expect at least 6-8 months or more of falling home prices, foreclosures, and other losses of income. For those of you who owe a great deal of lending money and can not afford an upside down mortgage, you are doomed. Buyer or seller, now is the uncertain time for real-estate especially in light of a failing national job market.

I will tell you that our financial world future is at this time grim. The trillion dollar “stimulus” package as planned by Washington is designed to treat only the symptoms of our disease and will never amount to a cure.

The problem of a weaker dollar, inflation, and the printing of ever more money nears.

A world-wide economic depression could soon follow.