Of American Aid and American Supplies

October 6, 2010

So there goes another round of media speculation and so called think-tanks are putting their heads together to find a answer to “Whether we should make this ban on NATO supplies permanent or not?” … I had previously highlighted the importance of this route in 2007

So lets get to the point here. Look people American Economy is in shambles, there is a political mess there. Conservatives are gaining ground and pro-religious movement is taking place. Even the most optimistic Goldman Sachs has turned pessimistic

Goldman Sachs Group Inc. said the U.S. economy is likely to be “fairly bad” or “very bad” over the next six to nine months.“We see two main scenarios,” analysts led by Jan Hatzius, the New York-based chief U.S. economist at the company, wrote in an e-mail to clients. “A fairly bad one in which the economy grows at a 1 1/2 percent to 2 percent rate through the middle of next year and the unemployment rate rises moderately to 10 percent, and a very bad one in which the economy returns to an outright recession.”- Bloomberg

If you still want some gruesome statistics here they are:

The number of Americans receiving food stamps rose to a record 41.8 million in July as the jobless rate hovered near a 27-year high, the government said.

Recipients of Supplemental Nutrition Assistance Program subsidies for food purchases jumped 18 percent from a year earlier and increased 1.4 percent from June, the U.S. Department of Agriculture said today in a statement on its website. Participation has set records for 20 straight months.

Unemployment in September may have reached 9.7 percent, according to a Bloomberg News survey of analysts in advance of the release of last month’s rate on Oct. 8. Unemployment was 9.6 percent in July, near levels last seen in 1983.- Bloomberg

YES PEOPLE 41.8mn PEOPLE OF 300mn POPULATION. OR 13.93% OF USA IS ON LIFE SUPPORT, and it wont be surprising to know if another big chunk is struggling.

So let me get this straight, FORGET DOLLARS. If you think you will do USA a favor by opening the route so that they may reward you with Dollars, you are doing a mistake. Would they spend on their population or YOURS.

Buy gold. Protect your resources. Develop your Human Resource. Tell your generals and politicans to GET REAL and GET SOME BALLS.

Peace.   

 


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