| Make no mistake, the U.S. economy is teetering on | | | | driving our big cars. |
| the brink. Take the sub-prime mortgage meltdown. | | | | Our health care system is in full collapse. Hospitals are |
| So far the banks have admitted to just over $100 | | | | closing. Health care insurance premiums are |
| billion in bad debts but the truth is – no one | | | | skyrocketing to unaffordable levels. Noted physician |
| knows how much money has been lost. According to | | | | and author Dr. Andrew Weil recently commented |
| Fed Chairman Ben Bernanke bank failures will soon be | | | | “I hope the health care system collapses soon so |
| upon us. As I write this the government is hiring large | | | | we can get busy creating a new system!” |
| numbers financial analysts to help deal with the | | | | City debt, county debt, state debt, federal debt, |
| burgeoning banking crisis. | | | | consumer debt and corporate debt are all at or near |
| According to the Office of Management and Budget | | | | record levels. Let’s face it, our government and |
| the over the next 20 years the 78 million members | | | | it’s people are broke – worse yet |
| of the baby boomer generation will extract over | | | | they’re deep in debt. |
| $100 trillion dollars from the Social Security, Medicare | | | | Credit card debt is exploding. We now owe over $3 |
| and Medicaid systems. Read my lips – the money | | | | trillion. Tens of millions of Americans are living off their |
| ain’t there. | | | | credit cards. The question you have to ask is - will all |
| This oil crisis is unlike the ones we’ve seen in the | | | | that debt ever get repaid? |
| past. This time it’s permanent because it’s | | | | The real cost of the Iraq war is being carefully hidden |
| being driven by demand from China and India – | | | | from the American people. It’s being covered by |
| not mere speculation. Higher energy prices are here | | | | off-budget temporary spending bills, not through |
| to stay. | | | | normal federal spending. |
| One in six Americans make their livings directly or | | | | For the first time since the Great Depression of the |
| indirectly from the American auto industry. Don’t | | | | 1930s U.S. housing prices are falling - all over the |
| look now but the entire U.S. auto industry is | | | | country. According to federal figures we could see |
| permanently shutting down. Given the high cost of | | | | over 12 million Americans lose their homes during the |
| gasoline, no one wants Detroit’s gas-hogs | | | | next five years! |
| anymore. As a result the big three car manufacturers | | | | President Bush was wrong about the economy. For |
| are dismissing employees and closing factories – | | | | the past two years he’s been spreading the |
| for good. Expect unemployment to explode during | | | | word that the U.S. economy was “strong” |
| the next few years. | | | | and that the sub-prime mortgage mess wouldn’t |
| The U.S. dollar, once as good as gold, has lost more | | | | have any effect on the economy. Now in a stunning |
| than half it’s value over the past five years. | | | | reversal, he’s admitted that the economy is |
| Many of our trading partners including Kuwait are | | | | reeling and was forced to sign a ridiculous stimulus bill |
| demanding payment in Euros – they no longer will | | | | that will send out checks to tens of millions of |
| accept dollars. Soon all the oil producing countries will | | | | Americans in a belated attempt to get the economy |
| reject our greenbacks and we’ll be forced to | | | | moving again. Most people will use the money to |
| pay with more expensive foreign currencies. | | | | cover the increased cost of gasoline. |
| The U.S. government is forced to borrow $2.3 billion | | | | Inflation is back. The price of the things you buy |
| from the Chinese and Japanese each and every day | | | | every day is now going up a whopping 7.5%! When |
| – just to keep our government in operation. A | | | | corporations begin passing the increased price of |
| billion of that borrowed money is immediately spent | | | | energy along to consumers – you can expect |
| on the import of oil which allows us to keep on | | | | inflation to take off. |