Breaking News Journal LLC
Posted January 1, 2009
by Richard A. Clark BNJ Colunmnist 2012 Presidential Candidate
Revolution Is On Its Way
Well, yours truly apparently has got it right. LEAP/GEAB is also predicting rock-bottom in March 2009. That is, apparently, the point in time at which the world realizes that the USA actually has no intention of repaying its massive
deficit. The USA will default on its debt. Not by non-payment mind you, but by simply printing dollars and giving them away. There is no other choice at this time. Our government has spent themselves into a corner, and we are long past
the time when we could have changed course.
The default on the US dollar will drive prices up here at home. The dreaded hyper-inflation, coming soon to a town near you. But it won't be just hyper-inflation. Your wages will not rise with it. Your standard of living will be crushed - cut in half.
Dire prediction? Yes. I agree.
Banks are hoarding cash. What this means, is that they are not making as many new loans as they should be. Not that we all need more debt, because we don't. The problem is, that the banks aren't even doing their usual
business-like lending to farmers for their yearly plantings. This alone will wreak havoc on food prices, and your wallet, next summer. This is just an annoyance relative to what is really going on. It is simply an amplifier of the
underlying problem. No loans, no new business, no business as usual, no way out of a big mess. Everyone is hanging-tight to see what is going to happen, which causes problems all by itself.
The real shock still comes in March. That's about the time when all the numbers add up and the world realizes what is really going on. What happens then, is that people with dollars start trying to get rid of them, as soon as possible. What's the point in holding onto a dollar when the government is printing them at an annual rate of 25-50%, thus causing their value to crash? When holding a dollar actually causes a loss of over 25% a year, it's time to move your money out of paper and into the physical world. Huge amounts of paper dollars competing for physical commodities, with government printing more every day. That's hyper-inflation.
Now let me repeat myself, slowly and clearly, because this is crucial:
THE... USA... HAS... NO... INTENTION. OF. REPAYING. ITS. DEBT.
That's just phenomenal. Mind-boggling. Unbelievable.
It is also,
unfortunately, quite true. And the only reason we're still afloat right now,
is the simple fact that it is too difficult to believe. But believe this: In
March 2009, the entire world will believe.
We have no industry. We have no manufacturing. Look at the statistics yourself.
Less than 10% of our economy actually produces something. That's a record
low for as long as the USA has existed. That's a record low for any nation
anywhere. We physically have no means by which to repay our debt. We simply do not produce anything.
That debt, however, has to be repaid somehow. The world will demand it. China will demand it, and they own us, so they will get it. How? Well by crushing your standard of living, that's how. When you have less, they get more.
That's pretty much what it all boils down to when you get past all the numbers. But again, we don't produce anything. We don't have much, if anything, to physically pay them back with. That's the problem. It's not just a simple matter of a small adjustment to your standard of living. No.It's a huge change to your standard of living. Not only do we need to makehuge payments to pay off our massive debt, but we also need to make huge cuts just to stop making more debt. And not just that, but we've been living on fictitious paper money for years, and all that paper has to come back to bite us
too.
Collapse. Disaster. Depression. Sorry, but those words just don't do it justice. And there is no way out. There is no fix. There is no end, as long as we allow the elite, the corrupt, the greedy, the megalomaniacal, to run our country. They have caused the problem. They cannot fix it.
You will want a revolution in 2009.
I will be here. I can fix it.
Richard H. Clark
Revolution Leader 2009
Posted June 9, 2009
Richard Clark will be posting Columns
again in the future. He's incognito
Posted February 16, 2009 President's Day
Submitted by Richard H. Clark, BNJ Columnist, and 2008 Presidential Candidate
Japan In A PANIC!
Wow. Unbelievable. Truly unbelievable.
Japan's Industrial output has collapsed 30% over the last 4 months.Their exports collapsed 30% just last month.
In a panic is not quite the right phrase... perhaps "terrified"?
At any rate, it appears they are in a complete meltdown. Welcome to the inevitable end of greed and corruption. Say goodbye, Japan. You're toast.
It is forecast that our government will need to borrow $2trillion this year. Nobody, but nobody, has that kind of money. So why hasn't the bond market collapsed?
Will it collapse this year under all that excess? No. Want to know why?
The reason the bond markets haven't collapsed is because China, Japan (even though they're broke!), Britain, and others are playing banker to us. Primarily China though, because they're playing the economic warfare game correctly.
If you will recall, debt-based monetary systems don't require reall money. In fact, money is only created when it is lent to someone. Therein lies our problem. Under this system, we're not allowed to just print money and give it to ourselves. We have to borrow it from someone. That someone is China. Being that they are playing the banker, they create the money to lend us out of thin air. Poof. Yes, that's how it's done. Poof. We then pay them interest on it for lending it to us, even though they just created it out of nothing. Mind-boggling, no less!
Yes, indeed, and this is why China's foreign reserves, their "profit", their budget "surplus", has grown significantly over the quarter.
They're making big money, just raking it in by the bucketfulls. The cool part, where they make out like bandits, is us paying them interest. We're left paying them oodles of money. Net wealth flow into China surges to new highs, and they end up on top of the world. No doubt this is why they continue to fund us.
The sad part is, that we're left that much poorer, giving away our wealth to a very dangerous communist country. Kinda stupid if you ask me. The really sad part, is that we could have just as easily printed our own money and simply given it to ourselves, free. No, inflation is not a problem, because just like when we create the money out of thin air, we can "poof" it gone again when the economy perks back up.
There are so many easy solutions to our problems... and of course, our leadership (if you can stomach calling them that) invariably pick the wrong ones.
So what happens if the big banks go bust, you ask? Why all the fuss about saving them? Why are they so crucially important? They're not. Nothing happens when they fail. No one cares. No harm done.
When a bank fails, it is broken into smaller pieces and sold off to investors in parts. Sure, its stock is shot to hell, but aren't they shot already? Yes, so there really isn't anything left to lose. And there are plenty of little banks to take up the slack and continue making loans to those who still want them. In fact, the little banks prosper with all the new business.
Very simply, the ONLY reason the big banks are being "saved" is because the bank owners don't want to let go of trillions of dollars in assets or the power that goes along with it. Greed, corruption, and megalomania. OK, that's three reasons. Three bad reasons to keep the banks. There are no good ones.
Not only can I fix these problems,
I can make life pleasant again.
Richard H. Clark
Posted November 2, 2009
Welcome Back
BNJ Columnists and 2008 Presidential Candidate
Richard H. Clark
We're Truly One Word, NOw
Unbelievable...
Two months ago, I decide to replace the old squeaky clutch on my truck.
The master cylinder had been making horrendous noises for over a year.
I got tired of it, and ordered a new one.It's a big black 94 chevy one-ton duale.
It's a monster, but it's wonderfully easy to work on, with plenty of room under the hood! Women and children could easily get lost...
At any rate, the new clutch master was in and working.
The original part was metal, this one was some sort of hard plastic.
But, it said "Made in the USA" very clearly in raised lettering on
the side of the cylinder, so I was happy...
Saturday, Halloween morning, the new cylinder decides to spring a leak.
Not just any leak, mind you... the housing split like a big old banana!
!&^%$@%$ plastic parts!!!
So I order a new part from the same place because this one is still under warranty,
and, oddly enough, I still had the receipt!
This morning I go into the parts place to pick up the part,
but along the way I stop and pick up a nice hefty tube of epoxy.
No more split housings for me!
I'll just reinforce the cheap piece of crap before even putting it in.
Well, I pick up the part at the counter and pull it out of the box to take a look.
It's metal!!! Hooray!!!
Someone had decided to replace the crappy plastic with real metal instead!
Kudos to them! I was a happy camper. No need for the epoxy now!
So I look at the nice shiny new metal part, and there on the side in big bold lettering...
MADE IN CHINA.
That's right.
The USA now builds crap, and China builds the good stuff...
And that's why I'm writing this post.
IT MAKES ME FURIOUS!!!
This country has been run into the ground so far and so deep,
that the only way we can compete with Chinese labor,
is to BUILD EVEN CHEAPER CRAP THAN THEY DO!
America... where did you go?
Richard H. Clark
Posted December 12, 2009
by 2008 Presidential Candidate Richard H. Clark
Spend THIS Mr. Obama!
Spend Our Way Out?
Mr. Obama just stated his plan for helping our economy to get back on its feet. He wants to "spend our way out". Obviously, the man is a complete and utter moron. Doesn't he, or anyone else for that matter, realize that all this money we spend has to be paid back some day? Apparently not. But then again, what do they care? They're the elite. At any rate, there is an easier way.
The fastest, easiest, cheapest, and most long-term beneficial way to jump-start our economy is to simply pick a few choice industries and cut off those imports. Fixed. Done. Putting our own people back to work is easy. We take our jobs back from overseas. Bring them back home where they should be.
For example, steel. Being able to create your own materials is crucial to any country that wants to be fully independent. Let's bring the steel industry back to America. Another example is high-tech electronics. We desperately need those skills here. Its too easy to insert back-doors into phones, TVs, computers, and everything else. If we're not doing the manufacturing, then how do we know the Chinese can't just send one simple signal and have all our high-tech devices turn themselves off? It's not only possible, it's highly probable. Instant blackout. The entire USA in utter chaos with no means of communication. Seriously, we need these technologies to be built here at home. Think about it a while. That screen you're reading was made in China. They can see everything you do. Well, no, not you, they only watch important people.
Bringing our critical manufacturing back home will solve the problem, permanently. Oh but the elite can't do that, of course. The Chinese own the elite. That's a fact. Case in point: Mr. Obama's disastrously embarrassing trip to China last month. He was utterly powerless, even bowing before his masters.
Instead, the elite have chosen to make slaves of us all. They go on and on about consumer credit. The poor little consumer can't get credit. They beat into our brains that the most important thing we own is our credit rating. We need to spend. We need loans. We're nothing unless we have a dozen credit cards. You can feel the pressure, can't you? It's all a bunch of BS, of course. All I have is a debit card. I pay cash. And it's free. No more debt for me, ever again.
No, we don't need credit to live. No, we don't need credit to create jobs. No, we don't need credit to build roads. No, we just plain don't. Pay cash up front, or pay as you go. If you can't, then you can't afford it and you shouldn't have it.
Mr. Obama, if you want to "spend our way out" of this banker-orchestrated fiasco that's just fine. Yes, that's just fine with me, as long as it's you and your children that pay for it. That's right. You and your children can pay for it. Not me and mine. I want my children to be free.
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Richard H. Clark
www.visionarygovernment.com
