Chris Sorensen's Posts (5)

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New BofA/Merrill Lynch Report Claims: “The World Is Developing An Inflation Problem”
* = Me.

*And, I’ll try to demonstrate how YOU, the middle class and the poor, are being taken advantage of, on purpose, by Obama, The US Treasury, The Federal Reserve and the investment banks who donated hundreds of millions to elect Obama. Their coordinated effort is brilliant and transparent if you’ll take fiv...e minutes to follow me…

*BofA Merrill Lynch economist Ethan Harris presented their economic concerns and Mathew Boesler of the Business Insider reported on the highlights…

“In the U.S., the unemployment rate has fallen as many workers ABANDON the labor market*, but it remains above almost any sensible measure of the inflation-neutral rate (NAIRU)," says Harris.

*For those of you who pointed to the drop in the unemployment rate as a logical reason to vote for Obama, THIS IS WHAT I AND OTHERS HAVE BEEN ATTEMPTING TO EXPLAIN. Just because the rate goes down, one must look into the WHY. In this case, it is NOT because people found jobs, as this report documents. They simply gave up looking, which dropped the unemployment rate.

“Rising commodity prices pushed up consumer price inflation around the world.” says Harris,

*Commodities are things like: Soybeans, Corn, Wheat, Oil, Pork Bellies, Milk, etc. Virtually everything you buy and consume from the grocery store is made up of; Corn, Soybeans and then Wheat, in that order. So, when commodities go up, along with oil, which drives gas prices, you feel it in the wallet. Investment banks, flush with cash from the Federal Reserve, are attempting to replenish their cash reserves they’ve lost due to the housing bubble they created. They can’t do this with a tax, which would cause riots. So, instead, the Fed Reserve, in coordination with the Obama Administration through the Treasury Department, give banks money, they in turn invest in commodities, which drive the prices you pay at the grocery store and gas station up, which gives the banks a return on their investment as they trade in commodities.

*Walla! A massive HIDDEN tax through Obama’s Treasury policies. THIS is what I’m trying to get people to understand. The rich are getting richer WITH OBAMA’S HELP. Had Obama allowed the big banks that donated hundreds of millions to elect him fail, the smaller more conservative banks would have picked up the pieces and made a killing. Instead, we’re witnessing the greatest robbery of wealth in the history of mankind and Obama is NOT dumb. To believe this is not orchestrated has got to be the most naïve thing you have ever believed.

“Many countries in Europe, including France as well as the periphery, need to go through an “internal devaluation” to improve their competitiveness," says Harris. "That is a polite way to say they need to cut wages and prices."

*America is NOT immune to this. I read into this that we need to allow free market forces, as difficult and at times cruel as they may be, to cleanse our system and allow for a new beginning.

*The repercussions of propping up prices by printing money and creating a false positive are what concerns me most. Even if their plan works, it is being done on the backs of you and I, the middle class and poor (By definition) and Liberlas and Democrats are the greatest fools of all as they are voting to make it happen.
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The Basics of Forex, or Foreign Exchange, or Currency Reserves and how this will decimate the poor in America
 
“Deposits of a foreign currency held by a central bank. Holding the currencies of other countries as assets allow governments to keep their currencies stable and reduce the effect of economic shocks. The use of foreign exchange reserves became popular after the decline of the gold standar...d.”
 
This is good.  Unless it becomes unbalanced, or in America’s case, unless we devalue the US Dollar to such a point that those holding our dollar band together against us.
 
Headline in Financial Times this morning; China’s Forex reserves reach $3.4tn - Last updated: April 11, 2013 - 12:17 pm
 
This headline will NOT make the regular news, but should concern you all, as I believe it is about to impact America in a way that Sam Zell, the CEO of Equity Residential, one of America’s largest Real Estate Investment Trust told CNBC, could lead to a drop in the US standard of living by as much as 25%.
 
China’s mountain of reserves reached $3.44tn – roughly the size of the German economy.  It is mostly in Dollars, followed by Japan’s Yen.
 
Cheng Siwei, head of China's green energy drive, said Beijing was dismayed by the Fed's recourse to "credit easing".
 
"If they keep printing money to buy bonds (Through our Treasury) it will lead to inflation, and after a year or two the dollar will fall hard. Most of our foreign reserves are in US bonds and this is very difficult to change, so we will diversify incremental reserves into euros, yen, and other currencies," he said.
 
"Gold is definitely an alternative, but when we buy, the price goes up. We have to do it carefully so as not to stimulate the markets," Cheng added. (This means they’re secretly buying it)
 
Mr. Cheng said the Fed's loose monetary policy was stoking an unstable asset boom in China. 
 
"This is where Greenspan went wrong from 2000 to 2004," he said. "He thought everything was alright because inflation was low, but assets absorbed the liquidity." *He is referring to our Housing Bubble*
 
"The US spends tomorrow's money today," he said. "We Chinese spend today's money tomorrow."
 
"He who goes borrowing, goes sorrowing," said Mr Cheng. It was a quote from US founding father Benjamin Franklin, Mr. Cheng noted.
 
Very sad that China knows our history better than we do and is adhering to what our founding fathers taught us about monetary policy and we’re ignoring it.
 
The unilateral moves by China are a sign of the growing impatience with America’s unwillingness to get its act together. The US' public debt has reached 100% of GDP and shows no sign of a let-up. China is also signaling its willingness to confront the US, if it is required to protect its interests.  It is doing so by divesting itself from our dollar as quietly as possible so as not to impact the global markets and hurt themselves.
 
If they don’t want our dollar anymore, should you?  Why is our largest creditor not happy with the dollar?  It’s simple; we are devaluing it at a record pace by spending more than we produce. The effects of this will be devastating. 
 
Liberals and Democrats claim they want to help the poor and anyone and everyone else they deem worthy.  They claim, I and those like me are simply white, angry, racist, conservatives, who are heartless.  Here is the irony of it all, if my fears come true and the Liberals and Democrats continue to go forward with their plans under Obama and state governments to live beyond our means and tax and spend more than any time in our history and at record levels never before attempted in the history of the world, and China as well as our allies grow tired of this, they will have no choice but to act.  When they do, there will be no more money or ability for Liberals and Democrats to use other people’s money to help those they claim they want to help.
 
Bottom line, their folly will be the poor’s worst nightmares realized.  And it is already happening and you have not a clue.  Why?  Why would Obama and others allow this?  "Chris, you're over reacting." All I can tell you is that if one wishes to remove America's ability to spread God, self reliance and freedom, destroying our US dollar is the quickest way.
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Walter Williams ask; “Are We Equal?”

 

           Are women equal to men? Are Jews equal to gentiles? Are blacks equal to Italians, Irish, Polish and other white people? The answer is probably a big fat no, and the pretense or assumption that we are equal -- or should be equal -- is foolhardy and creates mischief. Let’s look at it.

 

            Male geniuses outnumber female geniuses 7-to-1. Female intelligence is packed much closer to the middle of the bell curve, whereas men’s intelligence has far greater variability. That means that though there are many more male geniuses, there are also many more male idiots. The latter might partially explain why more men are in jail than women.

 

            Watch any Saturday afternoon college basketball game and ask yourself the question fixated in the minds of liberals everywhere: “Does this look like America?” Among the 10 players on the court, at best there might be two white players. If you want to see the team’s white players, you must look at the bench. A Japanese or Chinese player is close to being totally out of the picture, even on the bench. Professional basketball isn’t much better, with 80 percent of the players being black, but at least there are a couple of Chinese players. Professional football isn’t much better, with blacks being 65 percent. In both sports, blacks are among the highest-paid players and have the highest number of awards for excellence. Blacks who trace their ancestry to West Africa, including black Americans, hold more than 95 percent of the top times in sprinting.

 

            By contrast, blacks are only 2 percent of the NHL's ice hockey players. But don’t fret about black NHL underrepresentation. State underrepresentation is worse. Most U.S. professional hockey players were born in Minnesota, followed by Massachusetts. Not a single U.S. professional hockey player can boast of having been born and raised in Hawaii, Mississippi or Louisiana. Any way we cut it, there is simply no racial proportionality or diversity in professional basketball, football and hockey.

 

            A more emotionally charged question is whether we have equal intelligence. Take Jews, for example. They are only 3 percent of the U.S. population. Half-baked theories of racial proportionality would predict that 3 percent of U.S. Nobel laureates are Jews, but that’s way off the mark. Jews constitute a whopping 39 percent of American Nobel Prize winners. At the international level, the disparity is worse. Jews are not even 1 percent of the world’s population, but they constitute 20 percent of the world’s Nobel Prize winners.

 

            There are many other inequalities and disproportionalities. Asian-Americans routinely score the highest on the math portion of the SAT, whereas blacks score the lowest. Men are 50 percent of the population, and so are women; yet men are struck by lightning six times as often as women. I’m personally wondering what whoever is in charge of lightning has against men. Population statistics for South Dakota, Iowa, Maine, Montana and Vermont show that not even 1 percent of their respective populations is black. By contrast, in Georgia, Alabama and Mississippi, blacks are overrepresented in terms of their percentages in the general population. Pima Indians of Arizona have the world's highest known diabetes rates. Prostate cancer is nearly twice as common among black men as white men. Cervical cancer rates are five times higher among Vietnamese women in the U.S. than among white women.

 

            Soft-minded and sloppy-thinking academics, lawyers and judges harbor the silly notion that but for the fact of discrimination, we’d be proportionately distributed by race across incomes, education, occupations and other outcomes. There is absolutely no evidence anywhere, at any time, that proportionality is the norm anywhere on earth; however, much of our thinking, many of our laws and much of our public policy are based upon proportionality's being the norm. Maybe this vision is held because people believe that equality in fact is necessary for equality before the law. But the only requirement for equality before the law is that one is a human being.

By Walter Williams. Professor of economics at George Mason University.

 

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US Christians, Catholics, Jews, and Mormons were listed as terrorist in a US Army presentation LAST THURSDAY & a Colorado Undersheriff is warning us about Homeland Security.

 “The Defense Department came under fire Thursday for a U.S. Army Reserve presentation that classified Catholics and Evangelical Protestants as “extremist” religious groups alongside al Qaeda and the Ku Klux Klan.” Source: The Washington Times

The very fact that a “presenter/Army educator” would be so emboldened in today’s environment to present a Power Point that listed you and I as terrorist should be a nail in the coffin to those who were on the fence about my claims that Christians under the Obama Administration are being targeted.

We are being labeled extremist by numerous government agencies.

Christian’s made the list with The Muslim Brotherhood as well as Hamas and the KKK.

Another slide posted by the UK Daily Mail tells soldiers they are prohibited from participating in any activities, including meetings or rallies, with these groups, meaning that some Christian soldiers would not be allowed to attend church and Catholics would be banned from attending mass.

This is all part of an indoctrination that is happening right before our eyes under a Commander in Chief who created an environment that encourages this type of behavior.

If you wish to state that Christian’s are not being targeted, than explain this;

Floyd Lee Corkins II said he used the Southern Poverty Law Center’s "hate map" to locate the offices of the Family Research Council before his attack on the organization.

This Liberal group considers any person or group that believes in God and reiterates what the Bible teaches on homosexuality is part of a “Hate Group”.  So, they created a map, locating you, so wing nuts can kill you.

Ron Trowbridge, undersheriff with the Prowers County, Colo., Sheriff’s Office, said he attended training and was so offended he sent a written warning to us all;

“Christians who believe the Bible is the literal word of God and others who do not agree with the changes taking place in America could find themselves under scrutiny by law enforcement authorities and Homeland Security…”

Joe Kluczynskim the trainer (Who stated he accepted a job at Homeland Security), gave a 2-hour presentation and according to Undersherriff Trowbridge, Kluczynski said that law enforcement must watch and be concerned with; “those who believe America was founded on Godly principles, Christians who take the Bible literally, and 'fundamentalists'."

“These people”, Kluczynski reportedly said, have a right to their beliefs, but need to be monitored by law enforcement authorities.

According to Kluczynski, these individuals and groups are "dangerous" because they are "angry over the election of a black president." Undersheriff Trowbridge

When another law enforcement officer suggested the economy was probably more to blame, Kluczynski said; “those who are not going along with the changes in America will need to be controlled by law enforcement," Trowbridge added.

This stuff is getting bizarre.  As a Christian who speaks out openly about Obama, law enforcement and our military is now being indoctrinated to view me as a terrorist threat.

Democrats and others, who voted for Obama, please help me understand, is this truly what you want? 

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This long essay will demonstrate how Obama has destroyed America in five years and set us on a course that is now virtually impossible to reverse.  As many global money traders and hedge fund managers have said; “It’s Game Over”.

I don’t care if you disregard this as I wrote it for myself and for the few intelligent readers that follow me.  I’ve given up on the Obama supporters and know that we’re at war with you.  Not in a traditional sense, but a war for America nonetheless. 

Grab a cup of coffee, find a quiet place and read. The Stock Market has regained almost all of its losses, unemployment is down and US Bankruptcies are down.  Thanks to Obama’s actions, the US has been saved.

 Or, is life as we have known it for forty years, close to coming to a grinding halt?

Are you prepared if your bank shuts down, even for a week or two?  What if the store you normally frequent shuts down for the same period of time and then re-opens with few items on the shelf?

I want to remind us all, that if I or anyone else would have stated in 2007 that Fannie Mae and Freddie Mac, the WORLDS LARGEST BANKERS, would go bankrupt in 2008, would you have believed it?  Absolutely not.  And yet, they did.  Why? Over-leveraging.  America has been over leveraged in a manner that is unprecedented in the history of the world.  I’ll prove it.

Is it possible that the same financial challenges that our banks and private institutional companies faced in 2008, were simply transferred to you and I through Obama’s Treasury Secretary Timothy Geithner actions?  In other words, the problem still exist, it’s just been placed on the taxpayers in exchange for votes.

Do debts simply disappear?  Do not bailouts have consequences?

What will most American’s do if commodity prices on milk, gasoline, heating oil, bread, etc. go through the roof?  Will they simply stay in downtown apartments and let their families go hungry and without?

Is our monetary system under attack?  Yes.  Could we be harmed due to these attacks?  100% guaranteed we already are.

Obama and his team are either living in a dream world, a sort of Utopia they believe they can create given enough time and money, or, Obama and his leaders are purposely shoving America off the ledge.  I am certain it is the latter.

We can’t afford our debt.  Period.  All it will take is for interest rates to be pushed back to normal levels over the last fifty years and we will not be able to afford even the interest on our debt. 

Are you aware, that even if all US Taxpayers were taxed 100% of their incomes that we would still need to borrow money?  We are literally living so far above our means it is frightening.  And it WILL be our undoing.

Please remember, when all of the banks faced complete ruin in 2008, the Western World governments ABSORBED ALL OF THE DEBT!  And they still are.  No one is worse than the United States under Obama.

Today, America has more public debt than any other government in the history of the world.

If you COMBINED all of the debt from every country in the European Union, it would still be less debt than what you and I now owe in America.

Why haven’t we already imploded?  Because America is the world’s reserve currency.  This allows us to print our own money and keep interest rates for now, at ZERO.  But, what happens if we must raise rates?  You’re correct, disaster. 

Just from 2007, the Federal Reserve has lowered its benchmark rate seven times from 5.25% down to ZERO.  This is the ONLY reason we can afford the debt right now.

Treasuries are investments in US debt.  What happens if we have to raise rates to continue to attract investment into US debt?  We would have to stop all programs and spend all our money on interest.

Obama and his team believe they can stimulate the economy be further deficit spending, which in theory will spur the economy and create a budget surplus.  However, this theory has never worked in the history of the world, UNDER today’s set of circumstances were massive debt already existed BEFORE economic stimulus was attempted.

America is the ONLY government in the world, that doesn’t have to pay for its imports in a foreign currency.

Think about that for a moment.  If you’re German and you need to buy oil for yourself and your countrymen, you have to buy US Dollars first as oil is priced in dollars.  Therefore, the German currency against the US Dollar becomes of great importance to you, doesn’t it?

If Germans don’t produce more than they consume, their currency falls and they must spend far more to buy dollars, which means their prices go way up and their standard of living goes way down.

In America, we consume and spend as much as we want because we are allowed, so far, to simply print more money to maintain our lifestyle.

For a long time, America has NOT had to produce anything and export anything in the same manner as other governments around the planet to get all the dollars we need to buy oil and commodities and maintain our programs for the poor.

When we were on the gold standard, meaning we backed up our currency with gold, we were the world’s largest creditor, by the mid 1980’s we became the largest debtor and since Obama took office, this dubious distinction has gone far beyond what anyone in the world ever dreamed possible.  Setting up America for massive failure without our enemies ever having to fire a single shot.

If you’re in Germany, China, or any other foreign government and you witnessed America NOT cutting back, but spending more than ever before and doing so by printing more dollars and thereby reducing the value of the dollar you have been accepting, would you not require the US to “discount” the currency before you purchased it?  The answer is yes and it is already beginning.

China is already telling the US and other world governments that the current monetary system poses a massive THREAT to China and her economy.  Please read that again.

China is frustrated with our manipulation of our currency and what has been our response?  We’re calling China a currency manipulator!  China is now taking steps to buy as much of the world’s gold as possible and getting rid of the US Dollar.  China has also gained support, from our allies to move away from the dollar due to Obama’s policies.

My fellow American’s, if we lose our status of the world’s reserve currency, you will no longer have the luxury of being generous Liberals and Democrats, spending other people’s money, to feel good about yourselves; you’ll have to take the poor into your own homes.  Which, I have no doubt, most of you won’t, thereby proving my point all along, that you’re not truly good, you’re just manipulators.

Ray Dalio of Bridgewater Associates is warning America that “it is game over”.  Who are they?

Bridgewater & Associates are the world’s largest and best-performing hedge fund manager and was founded by Ray Dalio, who bases his investments on readings of the macro environment. His firm manages $125 billion in global investments and his flagship hedge fund, Pure Alpha, has averaged an annual return of 15% before fees over the last 18 years.

He’s worth listening to.

He is telling us all that the US Dollar will, not maybe, but based on our debt that Obama claims doesn’t matter, Dalio says the US Dollar WILL become just one of a few world currencies and this will have devastating effects on our way of life.    

Democrats and many Republicans don’t want you to know this, or they’re so stupid, they’re listening to economic advisors who are themselves stupid, or have an agenda to take us down.

Up until the 70’s, the British Sterling was the worlds reserve currency for nearly 200 years.  But, they borrowed too much, produced too little and a debt free America, by comparison, was able to take over.  The world governments recognizing America’s new military might and financial strength accepted this.

Read The Marshall Plan.  The Labor Party, Britain’s Socialist Party, tried to “spread the wealth” and make things “more fair”, sound familiar?

This childlike agenda always fails, but ignorant masses vote for people like Obama due to their desire to help the poor, but they fail to realize that some simply refuse to help themselves.  And, as I wrote, most who want to “help the poor” assuage their own guilt by forcing you to take care of the poor through taxation so they won’t have to.  It is morally bankrupt.

What happened to Britain is what is now occurring here in the USA.

The exchange value of the US Dollar has fallen 10% just since June of 2010.  So you see the discounting of our dollar due to Obama’s policies is already occurring and about to go into overdrive.

THIS is why your gas continues to skyrocket and remain $2 more a gallon than what it would be under a more fiscal conservative President, focused on maintaining America’s might.

Obama is winning his war against America.  He truly is brilliant.  Read: Cloward-Piven Strategy.

Since Obama took office, Corn has gone up nearly 90%.  Soybeans over 50%.  Silver over 150%.  Copper over 150%. 

Here is the sad reality, we’re doomed if we don’t take massive action immediately.  But, you refuse to vote for a fiscal conservative because; “they’re not nice”.  Well, you’re an idiot and I promise you, you will now get precisely what you deserve.  The irony is you’re taking me and my family down with you.  This is why I call you the enemy.

We can’t afford our debts and obligations without borrowing and printing more money.  This will cause other governments to require steeper and steeper discounts of our dollar before they’ll buy them, which will cause commodity prices to continue to skyrocket.

And, despite the obvious inflation going on, the Federal Reserve, The US Treasury and the Obama Administration keep telling us that there is no inflation!  And you knucklehead Obama supporters continue to believe them, regardless of the facts presented.  You’re only response is to call people like me names.

Here is a secret, I don’t care.  Many of you are, in my opinion, an enemy of America.

Radical?  Nope.  Reality.  Simply read your history books you forgot about, or were too busy smoking weed to pick up.

As I wrote earlier, China and other governments are getting out of the US Dollar and getting into commodities, which is another reason why prices are soaring.  Bottom line, our debt is causing you to have to take the bus since you can’t afford gas.  And Obama’s answer?  Print more money to make things even worse.

Dr. Simon Johnson, Professor of Sloan School of Business Management at MIT points out that Germany and other governments are, under protection of their military, actually bringing their gold, stored here in the US, home to Germany.  Why?  “What are they afraid of?” Dr. Johnson asks?

Dr. Johnson who is part of our Congressional Budget Office continues; “…German central bankers sense a longer-term shift in international preferences away from the dollar and want to be ready…”

“There is certainly much discussion of the renminbi’s (China’s currency) increasing international role—an issue on which Arvind Subramanian, my colleague at the Peterson Institute for International Economics writes.”  Dr. Simon Johnson

We are witnessing a massive “Capital Flight” by governments and massive hedge funds the likes we’ve never experienced before.  They’re doing this in the open, but we’re so busy eating up stupid news and believing mainstream media, more interested in making money from ratings, than educating you, that no one is talking about it.

I beg you to remember; we simply bailed ourselves out in 2008 by printing US Dollars and shifted debt from the private sector, to the public sector.  When the bond or current debt bubble burst, we will not be able to do this again, making our next GURANTEED CRISIS far worse.

Barrons reminds us that the printing of the US Dollar has allowed America to consume far more than it produces.  It has allowed America to live beyond its means.

Sam Zell, the real estate guru who runs America’s largest Real Estate Investment Trust told CNBC that he “can think of no greater disaster than the loss of the US Dollar as the reserve currency, but we’re already seeing things in the markets that suggest the confidence is waning.”

But wait…Sam Zell’s prediction got more frightening, he said he believes; “…you could see a 25% drop in our standard of living if we lose our reserve currency status” as predicted.

Think about this;

Governments and Hedge funds are getting out of the US Dollar quietly.  Why?  Because they don’t want you to panic.  They want you to believe the dollar is okay so they can make more on the open market.  They want the American taxpayer to take the largest loss.  But once the rest of us ignorant American’s figure this out and begin to take what little we have left in dollars and place our money into anything else, all the while, the US government, boxed in due to Obama’s massive spending, will continue to print dollars to pay our obligations further eroding the dollar’s value and causing panic in some circles and hyper-inflation in the rest, it will be game over for America.

America is not immune to economic reality.  And since we’ve obligated ourselves to more debt than any country in the history of the world, we will eventually have to suffer consequences.

If you want a glimpse into what this will likely mean, you need only search the Internet and study; Russia, Germany, Chile, Brazil, Poland, Ukraine, Austria, Argentina, and Japan.

Bill Gross the head of PIMCO, the world’s largest bond trader writes of Obama’s policies; “The future price tag of printing six trillion dollars’ worth of checks comes in the form of inflation and devaluation of currency…”

George Melloan of the Wall Street Journal writes; “the Fed Policies of printing and debasing our currency is a surefire prescription for domestic inflation since time immemorial.”

Obama and many of you believe that by demanding more taxes from a smaller group, you call the rich, and printing and borrowing more dollars, that somehow we’ll miraculously grow our way out of this unprecedented debt.  I can assure you, nothing could be further from the truth.

It has never worked since recorded time.

No nation in recorded history has ever prospered by going deeper in debt and printing money to pay that debt.

Right now, 31 US States are working to close $55 Billion in budgetary gaps in 2013 alone. Source: Center on Budget and Policy Priorities. 

Things are still a huge financial mess, but because many of you are ignorant, believing in Obama, politicians recognize that if they wish to stand a chance of getting elected, they must talk about Amnesty for Undocumented workers and make appearances’ on David Letterman if they hope to win your vote.

How does all this affect you in the short term, even if you’re financially well prepared and living within your means?

California is broke and must reduce its prison population by 30,000 inmates by summer 2013 to comply with a Supreme Court Order.  That is how.  We have no money to build more prisons so they will simply be let go.

“We spent too much on everything.  We spent too much.  We spent money we didn’t have.  We borrowed money just crazily. The credit cards maxed out and it’s over.  It’s over”.  Gov. Chris Christie

There is so much additional evidence to support the concerns I bring up.  If you are one of the few that has read this essay than I hope you will use your knowledge and discipline to prepare your family and continue to try to educate moderate Democrats that are not completely lost.

China, Russia, France, Japan, United Arab Emirates and many others have all gotten together and did not invite the United States, in an effort to set up agreements to protect themselves against Obama’s policies by creating currency exchange agreements that move them away from the power of the US Dollar to a “combined currency”.

This fact was reported by economic reporter Robert Fisk in the Independent in Great Britain and the rich took notice.  So did America.  What is the USA doing about it?  Printing more money and going deeper in debt by the second.

And this, my friends, is how Obama has single handedly destroyed America in five short years, all with your support, without firing a shot and with your full cooperation.

 

 

 

 

 

 

 

 

 

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