Wednesday, May 18, 2011
A ginormous graphic depicting sovereign credit ratings around the world, and the direction in which Standard & Poor's believes they will go. It is a little depressing if you are American.
All part of the plan. If you can't see the IMF bailout of the US coming by now then you suffer from Normalcy Bias and need to reorient your thinking.
Obama will be reelected in 2012 to finish the job George Soros hired him to do. Annual deficits will approach 2T by 2013. Treasury auctions fail in 2013/2014--they would fail today if the Fed weren't buying treasuries indirectly through POMO operations. An IMF bailout will be implemented in 2014/2015.
There is still a ton of wealth in hands of private citizens in the US. It will be stolen right from under their noses by political and financial elites in the final chapter of the same game that the IMF has played in countries around the globe for decades--saddle a nation's treasury with debt then invoke the coercive power of government to enslave the population into directing the fruits of their labor into paying down the debt.
In some ways Americans deserve this. We turned a blind eye for years as the IMF rampaged across the globe destroying the economies of third-world countries. Our Frankenstein monster has now turned on us.
Adopting this straightforward Chilean approach to social security would change our situation for the (much) better.
Isn't it fascinating that Democrats somehow have been able to scare Americans into believing the free market is not trustworthy, when incontravertible evidence abounds that government is a complete failure in providing retirement income security?