New Financial Crisis Hits America Confirming Previous Site Claims

January 19. 2016

Barack Obama 

Throughout the tenure of U.S. President Barack Obama, from day one to the present, the Judiciary Report has advocated austerity in government spending, a modest tax hike on the rich and an increase manufacturing (Ben Bernake Didn't See The Financial Crisis Coming) to counteract and reverse the 2008 financial crisis that happened due to the damaging policies of former Commander-in-Chief, George W. Bush (How George Bush Destroyed The U.S. Economy). However, Obama did the exact opposite and to America's detriment.

Under the influence of incompetent, mentally ill Hollywood, who’ve spend more time in the White House than any other group combined, Obama used the entertainment industry’s motto of “you’ve got to spend money to make money” and “buy your way out of trouble.” And so, the Obama Administration splashed the cash. Today we see the end result of that folly. America is deeper in debt than it has ever been in the nation’s entire 400-year history. America’s national debt is approaching $19 trillion dollars.

Under Obama’s record spending, he has set in motion what is on track to cause the financial collapse of the federal government. On its current course, a time is coming when there will not be enough money to keep the federal government afloat and it will financially collapse.

To make matters worse, some of Obama’s campaign donors and cronies have looted the U.S. treasury, via shady backend deals that have made them wealthy at the expense of the American taxpayers. They were not entitled to this money. More constructive things could have been done with said stolen funds to benefit the nation, rather than a group of greedy, unpatriotic, thieving scoundrels.

The U.S. stock market is completely unstable, experiencing rollercoaster type activity and massive declines that wiped away $2.3 trillion dollars in one year. America’s top companies are in decline. Walmart, a top grossing American company, is closing 269 stores domestically and worldwide, which will result in 16,000 people losing their jobs. Apple is experiencing serious stock and sales declines. Other companies in the tech sector, such as Oracle, HP, Twitter and Facebook are also experiencing sales and stock declines. Apple has lost $44.7 billion dollars in value, as sales have weakened.

American banks Citigroup, Bank of America, Wells Fargo and JP Morgan Chase have all lost billions of dollars in value. Foreclosures are also up again in America, revealing the government has not properly addressed the financial and mortgage crisis of 2008 that is rebooting itself and causing misery among homeowners.

Food prices in America are high. I’ve discovered food prices in Britain are on average 30% lower than America. Every American I know is complaining about food prices. It’s not a good sign when working class people can’t afford food. That is a tell tale sign the economy is not in a good way. It also necessitates the need for more food stamps to prevent people from going hungry, which means the government is underwriting that as well, due to the administration's poor handling of the economy.

Unemployment is up. However, reports indicate the Obama Administration has been falsifying numbers and removing millions of unemployed people from national financial data to give a false impression. These millions are incorrectly branded individuals who have given up on finding a job. However, they are still among the unemployed and should be included in the official tally to correctly gauge the financial problems facing the nation. How do you possibly fix a problem you refuse to acknowledge exists.

The corruption and costly illegal spying by the U.S. government has reached an all time high. Obama is blanket spying on the American people, which is unconscionable and perverse. Obama is also illegally spying on Congress to great degrees, which is criminal. Where are the famed "checks and balances" and the "separation of powers" when the president is behaving like a dictator in spying on everyone and trying to control everything.

America is supposed to have three branches of government - executive (president), legislative (Congress) and the judicial (courts). Right now, America only has one, the executive branch, that is spying on, browbeating, bullying and coercing the other two branches into submission and corruption...and to terrible economic results.

During Obama’s final State of the Union Address last week, the president stated America’s military is the most advanced in the world, but he is completely wrong. The Chinese military is far more technologically advanced. There was an incident that revealed the Chinese military has become far superior in the technological realm.

The U.S. Navy was conducting a military exercise in the Pacific Ocean using a technologically advanced American submarine. However, a Chinese submarine with even greater technological capabilities surfaced right beside the American sub and went completely undetected until the U.S. military literally saw it with their own eyes above water. That's just a fraction of what their technology can do. China has also made great strides in space weaponry as well.

America is also not self sustaining. China is a fully functional economy and nation in every aspect, producing all the food and technology it needs. America does not produce even ½ the food the nation consumes or the majority of the electronics the country uses. Most electronics in America comes from China, which became a global force in the past 5-years due to exemplary manufacturing standards that generated trillions in revenues. Fair is fair. They made the products and deserved to be paid for them. I'm not complaining, as I use Chinese products all the time. The point I'm trying to make is America does not occupy the same place it once did in the world and the government refusing to realize that will not help the nation progress.

The U.S. government is spending so much time, manpower and money on fruitless wars in the Middle East, the nation cannot afford to respond appropriately if something truly horrible happens on a global scale. It is a mass of wasted time, money and resources. All the money going into these wars could have greatly improved America's businesses, schools, homes and general infrastructure, making the country stronger.  

There are many imbalances in the U.S. government and economy that need to be corrected. Yet the Obama Administration is in denial and has not remedied the serious problems facing America. You don’t fix problems by covering them up and proverbially "kicking the can down the road" to the next administration, as Bush did and Obama is doing. It just results in a bigger mess and greater problems eroding the nation.

Obama has and continues to devote an extraordinary amount of time in dogmatic, obsessive and alarming bids at destroying his perceived enemies, conservatives, than he does America's enemies, ISIS. It's sad that Obama has spent more time attacking conservatives and Christians in America than he has ISIS.

Americans had to raise a stink for Obama to even admit the terrorist attack on San Bernardino, California this past December was terrorism (Obama Administration Being Slammed By Americans For Refusing To Label San Bernardino Killings Terrorism). When the wave of bad publicity hit him, he finally admitted it.

Meanwhile, reports keep surfacing that Obama continues to use federal agencies like the IRS to financially abuse and attack conservatives and Christians in America. Take a look at Obama's interviews and press clippings over the past year. The majority of his comments are devoted to attacking conservatives, who bear in mind, are Americans. It simply doesn't look right.

STORY SOURCE

A recession worse than 2008 is coming

January 15, 2016 - The S&P 500 has begun 2016 with its worst performance ever. This has prompted Wall Street apologists to come out in full force and try to explain why the chaos in global currencies and equities will not be a repeat of 2008. Nor do they want investors to believe this environment is commensurate with the dot-com bubble bursting. They claim the current turmoil in China is not even comparable to the 1997 Asian debt crisis.

Indeed, the unscrupulous individuals that dominate financial institutions and governments seldom predict a down-tick on Wall Street, so don't expect them to warn of the impending global recession and market mayhem. But a recession has occurred in the U.S. about every five years, on average, since the end of WWII; and it has been seven years since the last one — we are overdue.

Most importantly, the average market drop during the peak to trough of the last 6 recessions has been 37 percent. That would take the S&P 500 down to 1,300; if this next recession were to be just of the average variety. But this one will be worse...

http://www.cnbc.com

The uninvited guest: Chinese sub pops up in middle of U.S. Navy exercise, leaving military chiefs red-faced

Last updated at 00:13 10 November 2007 - When the U.S. Navy deploys a battle fleet on exercises, it takes the security of its aircraft carriers very seriously indeed. At least a dozen warships provide a physical guard while the technical wizardry of the world's only military superpower offers an invisible shield to detect and deter any intruders.

That is the theory. Or, rather, was the theory. American military chiefs have been left dumbstruck by an undetected Chinese submarine popping up at the heart of a recent Pacific exercise and close to the vast U.S.S. Kitty Hawk - a 1,000ft supercarrier with 4,500 personnel on board. By the time it surfaced the 160ft Song Class diesel-electric attack submarine is understood to have sailed within viable range for launching torpedoes or missiles at the carrier.

According to senior Nato officials the incident caused consternation in the U.S. Navy.  The Americans had no idea China's fast-growing submarine fleet had reached such a level of sophistication, or that it posed such a threat. One Nato figure said the effect was "as big a shock as the Russians launching Sputnik" - a reference to the Soviet Union's first orbiting satellite in 1957 which marked the start of the space age. The incident, which took place in the ocean between southern Japan and Taiwan, is a major embarrassment for the Pentagon...

http://www.dailymail.co.uk

Wal-Mart to shutter 269 stores, 154 of them in the US

Jan 15, 6:00 PM EST - NEW YORK (AP) -- Wal-Mart is doing some rare pruning. The world's largest retailer is closing 269 stores, including 154 in the U.S. that includes all of its locations under its smallest-format concept store called Wal-Mart Express. The other big chunk is in its challenging Brazilian market.

The stores being shuttered account for a fraction of the company's 11,000 stores worldwide and less than 1 percent of its global revenue. Wal-Mart Stores Inc. said the store closures will affect 16,000 workers, 10,000 of them in the U.S. Its global workforce is 2.2 million, 1.4 million in the U.S. alone. The store closures will start at the end of the month...

http://hosted.ap.org

Market crash robs $2.3 trillion from investors

7:22 p.m. EST January 15, 2016 - The stock market rout is starting to get really expensive — destroying $2.3 trillion from the market's top last year and $1.5 trillion in net wealth just this year. The giant companies that predominantly populate the Standard & Poor's 500 have fallen an average of 8.9% this year — which, when translated into dollars, is real money. Real big money. The S&P 500 is down 8% this year already — including another 2.2% Friday — in what's been the worst start to a year ever. Since the market peak on May 21, 2015, the market has declined 11.7%.

The biggest wealth destroyers in the S&P 500 from the high have been gadget maker Apple (AAPL), pipeline company Kinder Morgan (KMI) and corporate software company Oracle (ORCL) — crushing $218 billion, $63.5 billion and $49.8 billion in market value, respectively, from the May 21, 2015, top.

http://www.usatoday.com

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