Eyes will be turning closely to Wall Street to determine whether or not the big adjustment, some say crash, of the market is in it's early throes or ready to ramp up in disaster. With four big losses in a row and now a fifth day of significant loss, it is becoming clear that the "chickens are coming home to roost" from our disastrous economic and monetary policies.
The government and its economists keep saying that things are better with the unemployment rate at five percent. The only problem is that the rate is bogus since we don't count the more than ninety-four million long term unemployed who either have given up looking or have just decided to go on the public dole. Welfare is raging as children have more children and illegals stand at the food trough, food stamps are being used by nearly fifty million Americans and the payroll data shows a continued stagnant pay standard for most Americans. But not the crony-capitalists, the favored few of the Obama Administration who are given the go ahead on all types of schemes that, when they go bust, end up being paid for by the government anyway by running the printing press at Treasury.
The bottom line is that the stock market will be going into a full scale drop, not a mere correction, and even if this week is not the beginning of it, we're getting close. Mama said you can't spend money you don't have and she was right. And we all know better but then we just go along and figure someone will bail us out. Folks, no one is going to bail us out and unless we change the way we prioritize what's important in life, our entire society will just crumble. And in addition to living within our means and living a good moral life as God intends of us, we must focus on the upcoming election and elect someone who has the skill and ability to lead a rebirth of America and make her second to none. I will leave for each of you to decide who that should be but I would guess that if you read my blog, you'll know what I'm thinking.
Get ready, folks, the future is now and it's time to get engaged. Stay informed, think things through before making big decisions and we'll all survive these trying times. Let's roll.
The government and its economists keep saying that things are better with the unemployment rate at five percent. The only problem is that the rate is bogus since we don't count the more than ninety-four million long term unemployed who either have given up looking or have just decided to go on the public dole. Welfare is raging as children have more children and illegals stand at the food trough, food stamps are being used by nearly fifty million Americans and the payroll data shows a continued stagnant pay standard for most Americans. But not the crony-capitalists, the favored few of the Obama Administration who are given the go ahead on all types of schemes that, when they go bust, end up being paid for by the government anyway by running the printing press at Treasury.
The bottom line is that the stock market will be going into a full scale drop, not a mere correction, and even if this week is not the beginning of it, we're getting close. Mama said you can't spend money you don't have and she was right. And we all know better but then we just go along and figure someone will bail us out. Folks, no one is going to bail us out and unless we change the way we prioritize what's important in life, our entire society will just crumble. And in addition to living within our means and living a good moral life as God intends of us, we must focus on the upcoming election and elect someone who has the skill and ability to lead a rebirth of America and make her second to none. I will leave for each of you to decide who that should be but I would guess that if you read my blog, you'll know what I'm thinking.
Get ready, folks, the future is now and it's time to get engaged. Stay informed, think things through before making big decisions and we'll all survive these trying times. Let's roll.
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