Thread: Wake Up America, You’re Sinking

Wake Up America, You’re Sinking
by: David Roskoph posted on: August 08, 2008

America is in decline. Our standard of living is descending to reconnect with our means and more resemble Western Europe’s. We’ve been living on a borrowed standard of living ever since we started replacing organic growth with financial engineering, some 40 years ago.

Although they’re becoming ubiquitous, step back and notice the warning signs of a nation losing its way;

1. unchecked illegal immigration;
2. fiat sponsored growth,
3. an impossibly unfunded social net driven mostly by a failed health care system, and
4. a financial market being reduced to little more than a battleground for hedge fund titans.



1. Curiously our FBI can track down one criminal but somehow we, as a nation, couldn’t stop the migration of 12 million illegal immigrants now living within our borders. Perhaps the government’s tough talking blind eye is due to the fact that we have no other option left to shore up our unfunded mandates. We need lots of (FICA paying) working-age adults to make that happen. The hope is that the (eventually-granted-amnesty) immigrants can resuscitate the unfathomable ($65 trillion) deficit of our social net. The strong-border rhetoric is merely subterfuge; the immigrants are here out of desperation – ours. Our straits are so dire that we cannot survive economically without them at this point. Either (means-justifying-ends) preservation of Medicare and Medicaid above our sovereignty sanctioned the exodus or we are too weak to control our borders. Neither reality is pretty.

2. We have been going from one Federal Reserve-sponsored bubble to an ever larger one because they are providing the only medium to (simulate) growth, fiat. The housing bubble, mother of all cheap-credit fixes, was a giant flashing billboard. It read – we are out of reserves and worse, out of organic growth so we’ve created a Ponzi scheme to maintain the façade for one more round. That was a signpost at the end of the financial engineering road. There is no bubble to eclipse or patch the deflating housing debacle without risking hyperinflation, thus the process of deflation begins. Surprised? Don’t be. We’ve been faking it while convincing the world we’re making it to keep our credit cheap and available. Every time growth ratcheted down, more debt was added to systematically mask the transaction. The 40-year-old Great Society birth projections, based on the Baby Boom, were as specious as the recent earnings histories of no-doc loans; both were doomed before the ink was dry. The music has stopped and credit destruction has begun. US dollars will continue to gain value as they become scarcer.

3. The decades old delusion that debt equals growth has convinced us that we could afford our lofty standard of living. Central to that standard is our health care system which, through Medicare and Medicaid, has driven our unfunded mandates into impossible deficits. We are pretending that although our health care is expensive, 1) it’s the best, 2) we deserve it and, 3) we can afford it. The bitter irony is that, although we spend far more on health care, (double that of Europe) we are far from investing wisely. Europe is far more right than we in distributing health care and the strength of the Euro reflects their diverging fiscal discipline. There are only so many resources to supply a potentially unlimited demand. Continuing to “hopeâ€

This article is heart breaking! However the battle is not lost and it won't be if we the people fight the massive betrayal and corruption lodged at us by our from our mostly Democratic government……they are responsible for our decline.

We must not allow them to decimate us….
I urge all Americans to gather your strength and resolve and hold onto the notion that “The war is not over until we winâ€

Originally Posted by AirborneSapper7

1. Curiously our FBI can track down one criminal but somehow we, as a nation, couldn’t stop the migration of 12 million illegal immigrants now living within our borders. Perhaps the government’s tough talking blind eye is due to the fact that we have no other option left to shore up our unfunded mandates. We need lots of (FICA paying) working-age adults to make that happen. The hope is that the (eventually-granted-amnesty) immigrants can resuscitate the unfathomable ($65 trillion) deficit of our social net.

This is total idiocy, if illegals cannot rescue the Mexican economy they will never be able to rescue ours either.