Sadly, the U.S. economy is getting ready to head down again. No one knows exactly what will transpire, how, or especially when -- at least to the month, but certainly it will be this year 2010. You know, it was bad enough watching that fresh batch of U.S. mortgage resets charging our way. They gradually ramp up through the rest of the year -- peaking in Sept. This will for sure bring on new foreclosures, reduced prices, lower real estate sales and accelerate job losses. Bad news for incumbents in Congress for sure.
Now, China is contracting it's money supply. They are the only nation which can afford to do so. Guess who's not going to be loaning as much money to the U.S.? In 2006, China accounted for 50% of our debt needs. Last year, 2009, they loaned us only 4% of our borrowing needs. Bad combination. Look out below!
Good news is that once enough people get mad and start scrambling around for answers, we can fix this -- certainly stabilize it in a year or less. The fix isn't hard or complex:1. No more debt. If the govt. can't collect it in taxes, it can't spend it. No more borrowing.2. Take back the money power. It's not about what backs the money, it's about who controls its quantity.THAT'S IT! Those two steps fixes all this. Let freedom ring.
