I Thessalonians 5:20, 21

Do not despise expounding of scripture, but scrutinize all things. Hold fast that which is right.

Malo periculosam libertatem quam quietum servitium

- I prefer liberty with danger to peace with slavery.

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See also Kerux Replies at Wordpress.com where all future missives will also be posted.

However, because Wordpress charges an outrageous $59.95 a year for a video upload upgrade, videos will only be linked, not embedded.
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Saturday, April 25, 2009

The Recession is Getting Worse, Not Better

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total-housing-starts
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http://www.ritholtz.com/blog/2009/04/total-housing-starts-1959-2009/


"We are now in uncharted territory - new home starts have never fallen to these levels for as long as the Commerce Department has been tracking this data (since 1959). Note also the magnitude of the drop - it is unprecedented, having easily surpassed the 1982 collapse, the present circumstances have now become slightly worse than the 1973-75 fall."


We are being told there are "green shoots" appearing in the economy, "light at the end of the tunnel," and the recession is "easing."

We are being told lies.
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The economy is headed for a depression. Worse than anybody alive today has experienced. I went through the recession of 1973-1976, the post Vietnam inflationary period that led Federal Reserve chairman Paul Volker to raise interest rates to 21% in 1981. Which in turn led to the downfall of the Carter administration and the deep recession [16 months] of 1981-1983. I also went through the recession of 1991-1994. During these times, it was difficult to earn a living and support my family as a self-employed entrepreneur.

This depression will be much worse. It will be longer, and deeper. And it was planned to be so.

The criminals destroying the US economy are not simply making "mistakes" on a grand scale. They are implementing a plan to take down the US economy and the United States as we know it along with it. Those who have devised this plan have installed a well groomed Marxist known to most as Barack Obama, but his real name is Barry Soetoro. He is not a "natural born" citizen as required by the US Constitution, but a Kenyan and possibly even an illegal alien. We can't know for sure, because the governor of Hawaii has ordered Barry Soetoro's vault copy of his registration of live birth to be sealed and has prohibited access to anyone for any purpose.
World Net Daily

As the government types are so fond of saying, "if you've got nothing to hide, what's the problem?" Barry Soetoro obviously has something to hide. He has reportedly spent at least $800,000 dollars to prevent his birth certificate, something you or I have to produce to even get our children on the soccer team, from being released to the public. Consequently, there is no way we can confirm that Barry Soetoro is a "natural born" citizen and eligible to be president.

Frauds such as these are being perpetrated on the American people on almost a daily basis. But most Americans want to believe these lies. The lie is more palatable than the truth. As Robert Chapman says, most people believe the lies the government tells them because "they are incapable of thinking the unthinkable."
It's much easier to simply label those who tell the truth, known as the "truthers" as "nut cases," "negative," "doomsayers" and "conspiracy theorists." Anything to avoid having to deal with reality.

"None call for justice, nor do any plead for truth: they trust in vanity and speak lies: they conceive mischief and bring forth iniquity."
Isaiah 59:4

The good news is, perhaps, and I say perhaps, with the depression deepening and affecting more people in the one area that usually gets people's attention, a blow to their wallet's, the sheople will finally wake up.

There is no question that Wall Street, banking and government have betrayed the American people. The question is how long will it be before Americans forcibly take their government back?


Robert Chapman International Forecaster

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