Debtor Nation:

If you had a stack of $1000 bills 4 inches high, you would have a million dollars.  If wanted a Billion dollar stack of $1000 bills, your stack would be 333 feet tall.  To get a Trillion dollars, your stack would have to be 63 miles tall!   Currently the U.S. national unfunded liabilities, (IE. debt we promised to pay) is now equal to 100 Trillion dollars.   Placing $1000 bills from Bangor Maine to San Diego California, and Tacoma Washington to Miami Florida, would equal the amount of money we have agreed to pay. ( without “health insurance or any other spending)  Can u see how foolish the amount of government spending is?

Greece is the “canary in the coal” mine for Europe.

The Greek Finance Minister Giorgos Papaconstantinou said,  “Since assuming office two months ago, the socialists had been “truly shocked” at the scale of the economic mismanagement. Under the centre-right New Democracy party, government waste had skyrocketed, with out-of-control recruiting policies, a proliferation of public-sector committees and overpaid heads of state utilities. Ministries approved obscenely high phone and newspaper bills, while senior civil servants had spent lavishly on unnecessary foreign trips, he said. “It was as if they regarded the national treasury as the spoils of war and raided it.” Papaconstantinou, doing the interview rounds stopped to explain his situation to UK’s The Guardian where he made comments that should resonate well with American readers.

Yup, sounds like the Greek Finance minister is talking about the “U. S. Congress and the Democratic Party Machine out of Chicago!”  You see, there is one underlying factor about all socialist/communist, they want to “force people” to do the right thing according to their logic. Why, because you are incapable of deciding what is best for you and your family. Ronald Regan said, these are the scariest words the American people can ever hear, ” I am from the government, I am  here to help.”

When more  Americans  believe the  government can help, ” we are definitely on the wrong road to recovery.    The source of all  financial problems is the Government! The “government bureaucrats and elected officials” have caused the financial problems we have today! The newly elected Obama governmental Socialist/economic/Marxist government is on the road to fundamentally change America as we know it.  I feel Obama’s goal is to fundamentally destroy the fabric of the Constitution and Capitalism to achieve his idealistic goals established by his heroes.  The  market media news  matrix is in locked step with the Socialist /Marxist government, who will stop at nothing to impose their agenda on the American taxpayer for generations.  Enslaving the American People with generational debt is the only rational answer to “what the government bureaucrats” are doing.

Meanwhile  you are told to take your “purple  pills” and keep spending and consuming by the market media matrix. The market media matrix relies on pop culture for advertising revenue, witness  the lack of reporting “real financial news vs. Tiger Woods pop news.”   Compare a “Google search using the last week filter of “Greece debt ratings” and “Tiger Woods” story.  It is not shocking to find 166 million stories on Tiger Woods and less than 193,000 stories on Greece’s debt rating.   The market media matrix perpetuates the “happy feelings of pop culture” until reality meets actuality.   Just like the Pearl Harbor attack, information is only important if you have a plan and enough time.  You need to  have a plan before the financial crisis begins.    The reality of the situation is that you have time to protect your “Pearl Harbor Portfolio from a sudden and decisive  wealth destruction attack. If you have the necessary information, but the market media matrix is not giving your the proper information to defend your wealth.

Maybe your stock market gains have recovered a little, but not as well as you would think.  The Sp500 still needs to gain another 40% to reach 2007 highs. If you would have been a long term holder of the Sp500 index since 12/12/2000 to 12/12/2009, a full 9 years, you total return is still down over -15%! So after 9 years of being invested, your total rate of return is still negative!  So much for the buy and hold theory.  The “buy and hold Myth” may be your financial plan based on historical optimism, yet that plan of action will be a recipe for disaster.

During the last financial crisis, the government encouraged you to spend and consume.  What idiot proposed that idea?  You have been condition to spend and consume, in order to create jobs.   The definition of a “JOB” is “Just Over Broke.’ If you are not able to save 10% of your money in a savings account, then you are not being paid nearly enough from your job.  When there are no jobs, who will continue to  spend and consume?  The government will continue to print more money and spend more money, but giving you the taxpayer the i.o.u.s in the form of government bonds.  Digging a hole deeper in debt, so that your children and grand children will be obligated to pay back current government spending. The financially irresponsible road the Government is taking is financial suicide.

The perfect storm is upon us, as I predicted  with the destruction of housing and stock market.  The baby boomers are looking for, no grasping for  help.  Are you a baby boomer, doing the same things you did in the past with your stock portfolio’s and your 401k’?  If you are a baby boomer and doing the same thing, then your wealth is a sitting duck for another Pearl Harbor Attack.  What will you do?  Your choices are  a  “Jimmy Carter” decade or a “Franklin Roosevelt” decade?  Time is running out and the baby boomers are the ones with the most wealth.

Now, some of you voted for “hope and change”, for a man with no business experience, and with idealist social justice goals.  His administration is filled with  idealistic people whose only goals were to tear down capitalism and promote socialism. Your eternal optimism  about who you trust will not be justified by this time next year.    The “new america” is ruled by czars, ex-felons, tax cheats, and other malcontents.  You thought you voted for “hope and change” thanks to the market media matrix,  never knowing you were getting the chains of poverty and bondage of debt .

We are going bankrupt, there is no way out of this perfect storm.  Stay tuned to this blog for more information….

Doctrader

Other Related articles

• Howard Dean Turns on Senate’s Latest Health Care Overhaul Bill (blogs.wsj.com)
• Greek unions protest against cuts (news.bbc.co.uk)
• Papandreou unveils radical reforms to salvage Greece’s public finances (guardian.co.uk)
• Greece Downgrade Hits Euro, Bank Stocks (online.wsj.com)
• Why don’t we get more foreign news? (investoralist.com)

Technorati Tags: Debt, debtor nation, Democratic Party, Franklin D. Roosevelt, government, Government bond, Greece, Pearl Harbor, Pearl Harbor Attack, Pearl Harbor Portfolio, Ratings, stock market, Tiger Woods, United States

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1. Pearl Harbor Portfolio: Day 9