Thursday, September 25, 2008

Beginning of the End

Brigade homeland tours start Oct. 1 - Army Times



(Via Army Times.)



This post is non-political in that I won't mention political parties or candidates, who is right, who is wrong, etc.

Actually, it started long ago, but I think we're seeing the end game now.

Here 're a few things from the news in the U.S. over the past ten years.

About ten years ago or so, American corporations were given permission to move jobs out of the country to Canada and Mexico. Truthfully, with the various tax breaks and the like, they were PAID to move those jobs out of the country.

Sadly, for the Canadians and Mexicans, businesses decided that they could move the jobs to ANY foreign country and thus accelerated the transition of the United States from an industrial nation to a service nation.

During the ten years, we've seen an increasing rate of foreign acquisition of American companies. Even Anheuser-Busch has joined the likes of Chrysler in being foreign owned.

American companies have had a field day with deregulation, the most telling in the financial sectors. Look at the various financial scandals over the past few years... Enron, et al. Mortgage companies almost begged people to refinance their homes and to buy more expensive homes than they can afford. Credit was given to those who normally wouldn't qualify. (Sub-prime loans.) Now whistle blowers are telling how MBNA call center employees were supposed to do whatever it took to get people to max out their credit cards with cash advances and at the highest rates possible. No matter if some of those sub-prime loans or maxed out credit card accounts defaulted, the profits from those who paid more than made up for the loss. Besides, they could sell the defaulted accounts at a "loss" to collection agencies (the loss being the interest they didn't collect) resulting in a lowered corporate tax bill.)

Government approved corporate malfeasance, unethical behavior and "perks" and bonuses for their highest levels of management have combined to sap this country of jobs and assets.

Now businesses are failing all across America, from Bill Heard Enterprises suddenly closing their 13 Chevrolet dealerships across the country, to the nation's largest (and smallest) banks failing. Detroit wants a Federal bailout too.

This US$700 Billion financial bailout will actually cost more like US$5 TRILLION before it is over and "paid back".

Analysts say that the worst case scenario from our financial collapse (even with the bailout) is likely to result in 40-50% unemployment and 20-40% inflation.

Sounds a lot like the 30s huh? The difference being that during the depression, the dollar was based on how much gold our government had squirreled away. Today though, the Federal Reserve can create as many dollars as we need. The chairman even said that to Congress last week.

Don't worry about your safety as our infrastructure collapses though. The returning active duty units of the Army are being assigned to respond to natural and man-made disasters, terrorist attacks and to "quell civil unrest and crowd control". The 3rd Infantry Division's 1st Brigade Combat Team is the first unit returning from Iraq to be assigned to this 12 month tour for Homeland Security according to an article in the Army Times. After their Homeland tour, they'll cycle back to Iraq. (They've spent three of the last five years in Iraq.)

Personally, I think that the safest thing would be to (or have already done so) find a place in the boonies where you can live off the grid and off the radar, investing in food and precious metals (lead and brass) as we're going to need them.

I've never wanted to be wrong more in my life than now.



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