The scientists of America know that America is on her way out. (Fed Chair Bernanke to Congress: We’re Much Closer to Total Destruction Than You Think)

GREETINGS,

  READ CLOSELY BETWEEN THE LINES. THE FEDERAL RESERVE CHAIR IS TELLING CONGRESS THAT AMERICA IS DONE. HE IS TELLING THEM THAT AMERICA’S WEALTH IS GONE AND THAT THE HAND OF GOD IS BRINGING AMERICA LOW.

    MUHAMMAD TOLD YOU THAT THE ECONOMIC SCIENTISTS OF AMERICA KNOW THAT SHE IS ON HER WAY OUT…..”  The scientists of America know that America is on her way out. “–pg.102(TFOA)

   WE LEARNED THAT …..” Many scientists think that it is too late for this demand because of the anger of Allah (God) against America for her evil done to us, but Allah has power over all things and He does that which he wills to do.”–pg.54(TFOA)

   WILL YOU GIVE AN EAR TO THE TRUTH THAT ALLAH IN THE PERSON OF MASTER FARD MUHAMMAD,TO WHOM BE PRAISED FOREVER,IS MAKING MANIFEST RIGHT NOW ?

   ” But today, the currency of America is not backed by any sound value – silver or gold. The note today is something that the government declares they will give you the value in return, but does not name what the value is. But they definitely are not backing their currency with silver or gold.

  This is the number – one fall, and it is very clear that the loss of the power of the American dollar means the loss of the financial power of America. What will happen since there is no sound backing for her notes we do not know.

  What should we expect even in the next twelve months under the fall of the power of America’s dollar? This means that we have 100 percent inflation. What could happen under 100 percent inflation? Your guess is as good as mine. The power of gold and silver was once abundant in America. But the touch of the finger of God against the power of so mighty a nation has now caused the crumbling and fall of America. “–pgs.87 & 88(TFOA)

Bernanke to Congress: We’re Much Closer to Total Destruction Than You Think

SOURCE: CNBC

Official Congressional budget estimates understate the peril of rising debt, Fed chair Ben Bernanke told the Budget Committee on Capitol Hill today.

Warning that our nation’s fiscal health has deteriorated appreciably since the onset of the financial crisis and the recession, Bernanke called upon lawmakers to confront the long term fiscal challenges sooner rather than later. If lawmakers don’t confront them, they’ll find themselves confronted by them.

From Bernanke’s prepared remarks:

By definition, the unsustainable trajectories of deficits and debt that the CBO outlines cannot actually happen, because creditors would never be willing to lend to a government with debt, relative to national income, that is rising without limit. One way or the other, fiscal adjustments sufficient to stabilize the federal budget must occur at some point. The question is whether these adjustments will take place through a careful and deliberative process that weighs priorities and gives people adequate time to adjust to changes in government programs or tax policies, or whether the needed fiscal adjustments will come as a rapid and painful response to a looming or actual fiscal crisis.

Bernanke explained that the Congressional Budget Office’s calculations miss an important reality. As the government’s debt and deficits rise, the economy will slow down—an effect not taken into account by the CBO. So, for instance, when the CBO says that federal spending for health-care programs will roughly double as a percentage of GDP in the next 25 years, it is probably being too optimistic. If debt keeps, rising, GDP will be much lower than the CBO estimates—which will mean that health care spending will be a much larger percentage of the overall economy.

Here’s Bernanke on the effect of rising debt:

Sustained high rates of government borrowing would both drain funds away from private investment and increase our debt to foreigners, with adverse long-run effects on U.S. output, incomes, and standards of living. Moreover, diminishing investor confidence that deficits will be brought under control would ultimately lead to sharply rising interest rates on government debt and, potentially, to broader financial turmoil. In a vicious circle, high and rising interest rates would cause debt-service payments on the federal debt to grow even faster, resulting in further increases in the debt-to-GDP ratio and making fiscal adjustment all the more difficult.

In short, the official estimates members of Congress hear from their budget office are under-estimating our dire economic predicament. If fiscal policy is not brought under control, things will be much, much worse.

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