By Alan Caruba / Warning Signs
Living on planet Earth these days is much like living on the edge of a volcano that can erupt at any time and which rumbles ominously all the time.
After three decades in which the United Nations and countless “environmental” organizations have tried to convince everyone that “global warming” and then “climate change” (the rebranding that occurred when the former reversed itself into a cooling cycle) was occurring, the effort to use this hoax to redistribute wealth from developed to undeveloped nations is pretty much at an end. Meanwhile, billions have been squandered at home and in other nations on “renewable energy” and all manner of “research”, largely based on phony computer models, complete with claims of a “consensus” that never existed.
Every so often a volcano erupts and the people are told to evacuate. Only, on planet Earth, there is no place to run because the systems developed to move money around are so rigged and so flawed that the systems are now in serious trouble. It portends default and collapse, something that nations try to avoid but which occur with regularity, along with recessions.
The present example is the printing of money backed by nothing more than the “full faith and credit of the United States” by the U.S. Federal Reserve bank which it then uses to purchase U.S. debt.
The United States is a volcano whose many social programs, all devoted to the redistribution of wealth by the government, are reaching a point of such an eruption; insolvency. Their need for reform is widely known, but there is no political will to make such reforms.
Meanwhile, the Obama administration keeps expanding them in the form of disability payments, food stamps, and, of course, Obamacare, the takeover of one sixth of the nation’s economy. It is such a huge disaster that no one can ignore it. The only solution is to repeal the law, but that is not going to happen for at least three more years while an incompetent narcissist and pathological liar remains in office. The progressive agenda is being pressed by the Democratic Party which is now just another name for the Communist Party.
continue article at Warning Signs:
http://factsnotfantasy.blogspot.com/
© Alan Caruba, 2013
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