Illinois Credit Rating Downgraded, ECONOMIC CRISIS
January 30, 2013 in Economics
Too often I see that there are many educated people out there, that are so close to full understanding, but fail to connect the dots. Modern American society is full of well educated, and good people, but the problem of today’s America is a short attention span, and a severe lack of short term memory.
Over the weekend I saw the headline, Illinois’ Credit Rating Downgraded. Now this essentially marks a very important landmark in modern American economic policy. Chicago, and Illinois’ are to America, what Greece is to the EU. This moves Illinois’, home of Chicago pizza, Lincoln, and the Bulls is now the worst state in America when it comes to debt rating.
This brings about a time in Illinois’ that everyone has been dreading. Corruption and over-taxation have created a dire situation. Chicago is the deadliest city in America, and now it should be no surprise that this comes on the back of information that it is also the worst economy in America.
Let us not forget that this is Obama’s state, and Chicago is Obama’s city. He has worked in all facets of determining and making policy in Chicago for the great State of Illinois’. His entire political career was with the Democrats in Chicago. Chicago is well over 60% Democrat, so they determined policy at will over his early political career. Make no mistake, these policies that have led to the destruction of Chicago (and Detroit) have destroyed these once shining examples of American ingenuity.
The Treasury Secretary Mr. Rutherford of Illinois had a press conference after Standard & Poors downgraded Illinois’ officially to an A- credit rating (the maximum being AAA). His best quote was that there is a “pension issue”, in the City of Chicago’s budget, and the State’s as well. Rutherford continues as saying that there needs to be tax reform “in a fair way, over public pensions.”
I would see it as no surprise that the Socialist Illinois’ government would hint at taking away pensions, all the while raising taxes to pay the new interest at the lower S&P credit rating. This is what we call “austerity”, which simply means, raise tax’s and cutting public spending. People involved in researching these economic issues at a global conspiracy level have warned that the plan all along was to bankrupt the states and cities, leaving nothing but the pensions to be looted, which is being announced now.
The next question is, why is all of this happening? Could there be any other connections from the recent current events to add to the puzzle?
Well we first must accept that economics rules all. It starts all of the war’s, and directs all the policies. All conspiracies begin with economics, and end with them too. Now the next things that I am about to cite are not necessary directly connected, but try to open your mind and see just how related everything is.
Obama continues to violate stimulus law by not releasing quarterly reports. No one wants to know where all of this stimulus money is? Who owes what? They are clearly hiding something, and I think it’s connected to the overall feelings worldwide about the dollar.
Bundestag Bank, the biggest bank in Germany, just announced their intention to “repatriate” their gold. This means they are demanding the gold back from the New York Federal Reserve that was being stored there… and the truth of the matter is, that it’s gone. The NY FED does not have enough gold to “give back” all that they have borrowed. This is by design, the dollar is about to collapse.
If you add the Bundestag Bank issue, hiding stimulus money, downgrading the credit of one of the biggest cities in America, and gold being back in the news… things aren’t looking too good.
It’s not just gold that is becoming far more popular of late. JP Morgan recently bought into more than 20% of the worlds copper market! This simply proves that all of the big banks are bailing on any paper currency they can.
Lastly, the Rothschild’s are on an absolute buying frenzy on gold right now, and this all points back to the big issue everyone is talking about.
It’s hard to imagine this for a lot of people out there, but all of this mad dash to the exits of currencies, is all connected to the recent gun debate.
Once the currency collapses, these global bankers will show themselves to the world as saviors to the mess they have created. They cannot have the slaves armed, because some of them just may not believe the “baloney” that is being fed to them.
And if this sounds too extreme for you, just check out this video from the economic crisis of 2008 where then Treasure Secretary Paulson warned of “Martial Law”, if the banks were allowed to fail.
So now the question remains, why are all of these economic issues all happening just as fast as the distraction of Sandy Hook and the ensuing gun debate? Will Americans really stay this much in the dark to not see that economic policies repercussions are usually tied to freedom, in fact, they always are.
Lastly, to add insult to injury to this whole situation, there is breaking news. According to Kyle Bass (a well known economist within the establishment), a senior Obama Official told him that the only answer to this great economic question is, “We are going to kill the dollar.” This information is HUGE, more to come on this breaking news.
Be aware of the coming months, the worlds currencies are about to hit a rocky patch… World-wide Hyper Inflation awaits… Strap your seat-beats!