Frank Aquila's Blog

November 16, 2012

Obama’s Economic Collapse of America

Filed under: Uncategorized — frankaquila @ 8:16 pm

                                           Obama’s Economic Collapse of America  

Americans must brace themselves for an economic storm.  Several economists have ensured that President Obama’s economic policies are the ingredients of an economic time bomb ready to explode on the American economy.

 

During the Obama presidency, the dollar has lost significant value as 2.5 trillion dollars of “quantitative easing”, which is a manipulation of paper money pumped into the economy, was added to our national debt according to Investor’s Business Daily.   The government is following failing economic models of third world countries by printing money and devaluing currencies. As a result, America has lost international purchasing power, while creating high commodity prices and inflation on all essential items including gas, food, and clothing.  Even utilities and insurance premiums will be affected. 

 

The beginning stages of inflation have already begun, with hyperinflation predicted in 2014 by economists.  As a result, interest rates will rise with Investment Banker Martin Hutchinson predicting a stock market crash similar to one during the Great Depression.  Hutchinson warms “We are living in the greatest debt bubble in the history of the world.”  Countries around the world have already begun to diversify out of the dollar as it becomes more unstable.

 

Arguably, America is already in a depression masked by those shielded by government assistance, including 49 million Americans on food stamps.  One out of three Americans are dependent on some sort of government entitlement with government liabilities growing at an exceptional rate.  The condition of the U.S. economy mirrors the Great Depression with slow economic growth, massive debt, high unemployment and foreclosures.  Yet, it is about to get worse.  As interest rates begin to rise and a stock market crash, home prices will drop significantly once again causing higher unemployment and more Americans dependent on a limited amount of government resources.

 

Obama’s current policies will continue to cause more significant harm to the economy.  Obama has cut energy production and placed environmental restrictions on coal mines and off shore drilling.  Obama’s Energy Secretary, Stephen Chu, has expressed a desire to have gasoline prices in the $7-9. per gallon range.  At the same time, billions of dollars have been given to failed companies like Solyndra while turmoil in the Middle East threatens future oil reserves here in America.

 

Obama has expressed a desire to “tax” the rich to “redistribute wealth” in the philosophy of Karl Marx, the Father of Communism.  Obamacare, which is the largest tax increase in history, will force businesses, buried in taxes and regulations, to flee America, outsource labor, or close all together.  As a result, the work force will shrink causing fewer people to pay taxes while more people will rely on government assistance.  At the same time, our national debt will approach $20 trillion while Social Security, Medicare, and other government entitlements remain unfunded.  Yet, open borders has increased millions here illegally burdening those resources for healthcare, education, corrections, and government services while at the same time, creating competition against struggling Americans who seek employment for their family.

 

The result of the economic storm will eventually expose the government’s inability to assist the people, which will cause rioting and bank runs.  Economist John Williams predicts, “Trouble could range from turmoil in the food distribution chain and electronic cash and credit systems unable to handle rapidly changing circumstances, to political instability.”

 

Either Obama does not understand his own negative effect of the economy or he is too entrenched in his socialist-communist ideals to destroy capitalism.  George Soros, an Obama supporter and Hedge Fund billionaire, who finances various communist organizations, is betting on an American economic collapse within many of his own investments.  His agenda is to destroy global capitalism and collapse the dollar, ultimately hurting all Americans regardless if they are Republican or Democrat or if they are rich, poor, or in the middle class.   At that point, America will no longer be what President Reagan once called that “shining city upon a hill whose beacon light guides freedom-loving people everywhere.”  It will have been washed away in the economic storm.”

 

Frank Aquila is a Manteca, Ca resident and president of the South San Joaquin Republicans and author of the book, “Sarah Palin Out of Nowhere”.  http://www.sarahpalinoutofnowhere.com He can be reached at mantecarepublicans@yahoo.com

Advertisements

1 Comment »

  1. Exciting editorial covering school book expenses.
    Institutions really should begin fixing this problem.

    Comment by Textbook source — August 17, 2013 @ 1:18 pm | Reply


RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at WordPress.com.

%d bloggers like this: