July 16, 2008

VOL. 6 ISSUE JULY

 

 

YOUR GUIDE TO ECONOMIC REALITY

With the entire non-Moderate Independent Media

refusing to even say we are in a recession, never mind

something worse, and claiming it will cycle out soon,

how can you decide for yourself what

 the actual state of things is?

 

by

Thomas J. Bico

 

 

July 16, 2008 –  Throughout The Moderate Independent's 5-plus years, people have wondered how M/I has consistently reported the news accurately months or even years before it happens, while other "news" sources never manage to get it right even in the present?

 

Examples include:

-    Writing for years about the looming ARM mortgage/credit card crisis, even detailing exactly when it would all occur, years before it happened - while others were saying the economy was healthy.   For example, on June 19, 2005, an article M/I ran said, “Thirdly, make no mistake, the housing market will collapse - not necessarily because it is straight out over-inflated, but because of something called ARMs”  (see “The Economy Over The Cliff”).  This was year before anyone else started talking about the issue - while the entire non-M/I media was reporting "growth" and a strong economy.

 

-    Writing about what Vladimir Putin was doing in Russia as, "The Biggest Story No One is Talking About," for four years before TIME Magazine finally made him this year's cover story (see “The Biggest Issue No One is Talking About”).

 

-     Predicting that the appointment of John Negroponte as Ambassador to Iraq back in 2004 was an indication that there were human rights abuses that the Bush administration wanted to cover up, shortly after which the now famous abuse photos surfaced (see “President Bush Appoints "Colonel Death" as US Ambassador to Iraq, Displaying Why the War is Going So Badly and Victory is Impossible Under His Administration.”)

Now, I could claim to be a prophet.  Or I could claim like Rush Limbaugh to be a "genius" (except one who actually, unlike Rush, gets things right.) 

 

But the reality is, to report things, all you have to do is look at things.  And think.

 

Don't talk to "experts" who have agendas and corporate clearance.  Don't ask "economists" who have yet to predict anything right but instead talk in hypothetical platitudes that don't play out in reality.

 

No, simply look.  What is the state of the economy?  Is it recession?  Is it better?  Is it worse?

 

Now here are the simple facts.  All of our major car companies have gone from largest in the world to on the verge of bankruptcy.  Our airlines have either gone into bankruptcy or are dangerously near.  Our major financial institutions are going under or having major solvency issues, from Bear Stearns to Lehman to Merryl Lynch to Bank of America to Citigroup to Indymac.  Oh yeah, and half-a-trillion-of-debt-holders Fannie and Freddie Mae, near collapse.

 

Our federal government is so saddled in debt and war that it can barely stay afloat itself, never mind help out.

 

Then throw in the oil drain.  Throw in that there already were record number of personal bankruptcies basically every year for the past decade before any of this started.

 

What does this sound like to you?

 

And as a note, Osama bin Laden's goal was to destroy American economically - that is why he attacked the World Trade Center, to make that point and affect our pocketbooks via taking out our trade center.  I don't give him credit for our current financial state, but his evocation of the Bush response that led us into Iraq and kept Bush in office for a second term has played a significant role in this.  Hmm, it almost begins to seem that six box cutters were all it took to take out the mightiest nation in the history of mankind while it was under the leadership of Republican religious conservatives.

 

So using our new strategy of looking at facts and thinking for ourselves - rather than the other media's preference of talking to "experts" - let's see if we can answer another question.

 

How is the War on Terror going, and who is winning?

 

Umm... let's recycle.... Osama bin Laden's goal was to destroy American economically - that is why he attacked the World Trade Center, to make that point and affect our pocketbooks via taking out our trade center.  I don't give him credit for our current financial state, but his evocation of the Bush response that led us into Iraq and kept Bush in office for a second term has played a significant role in this.  Hmm, it almost begins to seem that six box cutters were all it took to take out the mightiest nation in the history of mankind while it was under the leadership of Republican religious conservatives.

 

See how easy it is to see the truth, even as the rest of the nation denies it, once you get Independent?  There's not really much of a question to things when you look with your own two eyes and think with your own Moderate Independent mind.

 

 

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