In 1941, baseball great Joe DiMaggio reeled off a streak of 56 consecutive games with a hit. It’s a record that will probably never be broken.
Unfortunately, the federal government just set a far more dubious record – 33 straight months in the red. Even more unfortunately, the record appears poised to continue month after month after endless month.
The federal government notched its 33rd straight month in the red in June, extending its record deficit streak to three times the previous low-water mark, according to preliminary estimates Friday from the Congressional Budget Office.
But lower spending, thanks in large part to less money going to Fannie Mae and Freddie Mac, shrank the deficit to just $45 billion in June — down from $68 billion last year.
And with three months to go still in fiscal year 2011, the government has racked up $973 billion in total deficits, a pace which is slightly better than 2010, when the government had just crossed the $1 trillion mark at this point.
The record 33 month streak is the longest since they began keeping records in 1980.
Unfortunately, interest makes up a rapidly-increasing share of the debt: 18% more in 2011 than in 2010.
Ahhh, the power of compound interest. Combine it with the power of Congressional spending and it’s the perfect recipe to destroy the greatest economy the world has ever seen.
Source: Washington Times
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How the US has historically used mineral rushes to get it out of Deficits and stop foreign economic take over.
In the US’s historical past the Druids have used and impressed upon the US leadership to use mineral resources to stop economic warfare, along with military take over. Some simple examples of the economic warfare strategy of mineral rushes to spread the US out and create US wealth to get us out of a Deficit situation are Fort Sumter. Where a long time Druid camp had made noticeable their secret chambers ability to gain wealth from the area via mass pys do name cognition. Alaska was before or after Fort Sumter but was done by the US government the same way to help US citizens create tons and spread out the wealth in the US. Along with get us out of a deficit during that time. The reason for both of these was because Russia at the time was planning to invade the Area’s and take them from US. In which we had to do something to stop them from doing that. Along with that during the Cold War the US used production mineral rushes to keep our production and manufacturing here in the US. Which allowed companies to have down the road access to minerals which was much cheaper than the Soviet Empire almost monopoly on the worlds resources.
Today we see a similar problem. The Communist Chinese MSS have used their militarized economy. Where they do such military things as fund terrorist and genocidal dictators to get cheap resources to keep their economy at the top of the surplus and everyone else who will not do such military acts as funding the atrocities do not get to compete internationally with very noncompetitive prices. We have seen many companies complain in the US how they can;’t get access to resources in the US for a competitive overhead. Nor can they get them from US private enterprises. So they just off shore to Communist China. Which I have cited on this website many articles that state that is what the SASAC wished to do. Which was create a resource monopoly bind so everyone had to just offshore to their country. Leaving the world without jobs and the Communist Chinese with the monopoly on rare earth resources.
Along those lines, we have seen the militarized economy of the Communist Chinese use their MSS agents at a mass quantity to constantly use lobbying and IP espionage activities. So the US believes it is a good idea to allow them to take our resource national security issues from us. Even though they have been known to cheat, kill and bribe to maintain a monopoly for theirs. Therefore, we can see how the Russian’s who I do not have access to their activities at that time can be analogized to the Communist Chinese. As they both had a similar idea of using the mass to enslave to a single party then use very noncompetitive non individual liberty prices to take the US’s business from them so as to weaken our economy and force closure of bases, along with intelligence agencies and create a necessary need to allow the Communist Single Fascist party to come in and control the US’s economy via their resource monopoly.
As such, as we have done historically the way out of the deficit and the way to stay competitive in the world market is to start a resource rush. However, unlike gold which is not as expensive as some rare earth resources. We need to create a resource supply that is not necessarily gold but a gold mine. Like we did during Fort Sumter, Alaska and various areas during the cold war. This then could be done via a simple strategy. The strategy could be to allow three mine permits per state. Which could be for rare earth resources. These mines could be smaller mines around a quarter mile each and producing around 66 million a mine. Therefore, we would see a major influx of US jobs and economy as the US companies ownership of mines should that we have minerals for companies to create good paying jobs. Thus then allowing for a proper root style economic rebuild naturally through economics instead of forced through a stimulus. That will just fall through as our high number of business keep defecting each year to Communist China’s resource monopoly.
Rider I
http://rideriantieconomicwarfaretrisiii.blogspot.com/
Competition builds more markets while monopolization destroy’s markets. Rider I 2011
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I think the Constant violation of the Communist Party of China deserves sanctions for arming Qaddafi when fighting against UN troops as:
US seeks more from China on Libya arms
I believe there is a Communist Secretary in every business and entity in Communist China. “The United States indicated Wednesday it is not satisfied with China’s explanation of a meeting in July between Chinese weapons makers and representatives of Libyan dictator Moammar Gadhafi seeking to buy arms in violation of U.N. sanctions.” Let’s see the Communist Party violates UN treaties with regards to Iran, North Korea, Al Queada, Hamas, then specifically sell’s weapons via a Party secretary entity of the Communist Party which is in every SOE watching over them and speaking to the party on first hand of business. Along with allowing nuclear material in areas of how terrorism like Pakistan and Iran. I think we should sanction them. Along with that they violate UN treaties with regards to funding and protecting genocidal dictators. The worst part is they just do it to get cheap resource contracts that nobody else can get. Along with that they sent a Communist disciplinary member to meet with Poland instead of a Diplomat, which the German Socialist Party did and So did the Soviet Empire.
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