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The Hamill Economic Update "WayBack" Machine
publication date: Mar 23, 2010
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author/source: Brad Hamill
Dear readers,
I’m going to re-publish an Economic Update that I wrote back on August 21, 2009 – seven months ago. Please take the time to read it in its entirety. It’s not that long, and will do more to demonstrate to you what is occurring than I could write in the next hour. Watch for Cap and Trade to pick up some major steam in the weeks ahead. The battles have only just started. Warmly, Brad If you are not currently on the Economic Update email list you can email me at: brad@newfamilyeconomics.com to be added. There is no charge and your email address will never be shared. Health Care and Cap & Trade : The Government Tonics Hamill Economic Update - August 21, 2009 The equities market was up yet again today. Of course, it sure helps when the Fed purchases over $5.6 billion in “agency” debt that the big banks are then able to use to drive the stock market. Agency debt is mainly toxic debt that was issued by Fannie Mae and Freddie Mac. Should investors be getting back into the equities markets if they have not already done so? It depends on how they view Las Vegas – because the equities market is currently no different. Things are not being driven by corporate earnings, but rather by corrupt banks and government officials working together. As a full disclaimer, I am currently completely in cash (with some precious metals). I have come to the conclusion that my investment decisions will no longer include the markets, but will be localized to growing my own business and looking at local investment opportunities. Guaranty Bank failed this evening. Guaranty Bank had $14 billion of assets and will represent the 10th largest bank failure in the history of the FDIC. Last Friday’s Colonial Bank failure was the 6th largest in history – with assets of $25 billion. The FDIC Deposit Insurance Fund had $13 billion as of March 31, 2009. The bank failures thus far this year (not including tonight’s) are project to cost the FDIC $16 billion. Is your money protected by FDIC insurance? Technically yes --- however, you might be waiting for some time to be made “whole” if bank runs and/or large failures were to occur. Do you have at least a one month supply of cash on hand available? If not, it is my opinion that you might consider that a priority. You can tell it’s Friday evening when Washington, D.C. releases their REALLY bad news that they want everyone to forget about by Monday morning. Obama to raise 10-year deficit to $9 trillion. It had been projected that the U.S. debt for the next ten years would add $7.1 trillion to our current debt. Now President Obama wants to raise it to $9 trillion – or $900 billion a year. Boy, I’m sure glad that we got rid of that big spender George Bush! (That was sarcasm, George Bush was just as bad – and should have been impeached for the economic mess he left for our country). Folks, the health care overhaul is going to be passed by any means necessary, in my opinion. And here’s why:  This chart shows the Social Security current outlays (payments to those eligible), along with the current revenue. There was a projection that outlays would exceed revenue by around 2018 – but, as you can see from the chart, there is a real danger of that happening right now! What’s bad about this? Two things: 1) Our Federal government counts on the fact that there is more Social Security revenue each year than outlays. Why? So it can STEAL the difference and use it to pay for its other wasteful spending. It replaces the money it STEALS with U.S. Treasury securities so that YOU can pay it back with your future hard labor (what a good debt slave you are). 2) The Federal government does not have any money saved for a “rainy day” in the Social Security Trust Fund. It is simply chock full of IOU’s in the form of U.S. Treasury securities. Where is the Federal government going to get any money when outlays exceed revenue? Our Federal government is in DESPARATE need of another trust fund from which to STEAL money to fund its wasteful spending. It can’t depend on the Social Security fund any more. It needs a REALLY BIG trust fund – one that’s even LARGER than Social Security! But where can it find this? How can it be created? The answer: By socializing the entire health industry the Federal government will be able to create an ENORMOUS trust fund from which to STEAL money to pay for their corruption. It will shift approximately 16% of our GDP over to their control. Don’t be fooled when they talk about possible “co-op” options – it will still create the pool of money that they’re after. You see, they don’t care about anybody’s health and/or access to health care. They simply want a new big pile of money to STEAL from so that they can replace the STOLEN funds with IOU’s that YOU get to pay back through your future hard labor. By the way, here’s the Congressional Budget Office report that the above graph was taken from: CBO’s Long-Term Projections for Social Security: 2009 Update. If you look at page 40 of the report you will find this little gem:  This tells you the probability that somebody born in a certain decade will ACTUALLY RECEIVE the Social Security money that they’re eligible for. In other words, we can see from the chart that somebody born in 2000 will have a 4% chance of receiving 99% of the Social Security benefits that they’re eligible for upon retirement. I was born in 1963, so I don’t have too many more decades left before retirement. However, I can see from the chart that I only have a 22% chance of receiving 99% of my Social Security benefits when I retire. This chart says that my 100% probability doesn’t occur until we’re only talking 70% of my retirement benefits. Which direction do you think these numbers will head over the next decade? So do I….. One last thought. The Federal government is going to need to pass cap and trade legislation this year. What does this legislation cover? It basically lays out a plan to assess a “carbon emissions” cap for everything in our economy. If you go over your cap then you will be assessed a very punitive penalty. Those companies that know they’re about to exceed their carbon cap will be able to buy more “carbon credits” from other entities that may not be using all of their carbon cap. Let’s take a second to assess what this is all about. 1) Carbon credits will become a brokered exchange between entities. This means that there will be a tradable market set up for them – which means big banks will broker the transactions and become even wealthier through the generated commissions. 2) The Federal government needs a new economic bubble to drive manufacturing and retail. The previous Industrial Revolution is dead. They need something that is big enough to create entire new industries where very few currently exist, and something that can be FORCED upon the various levels of consumers under threat of punitive fines and/or imprisonment. It is only through this newly created bubble that the Federal government will be able to force us debt slaves to produce enough economic output for them to keep their abusive power they’ve amassed. Cap and trade has NOTHING to do with caring about the environment. It has EVERYTHING to do with creating the next economic  Christian Economics, Christian Finances, Christian Money, Christian Wealth, Christian Mortgage, Christian Mortgage Advice, Christian Mortgage Counsel, Christian Mortgage Consulting, Christian Investing, Biblical Economics, Biblical Finances, Biblical Money, Biblical Wealth, Biblical Mortgage, Biblical Mortgage Advice, Biblical Mortgage Counsel, Biblical Mortgage Consulting, Biblical Investing, Creating Wealth, Mortgages For Christians |
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