(Reposted from 4/23/12)Vexed by God, The standard of living of the average American continues to fall.

GREETINGS,

   POVERTY, SICKNESS, POOR HEALTHCARE,HOMELESSNESS, HIGH UNEMPLOYMENT, MASSIVE DEBTS & DEFICITS, HUNGER, AND A PRECIPITOUS DROP IN LIVING STANDARDS. THIS IS THE AMERICA OF TODAY. THIS IS PART OF HER FALL.

  THERE WAS A TIME WHEN AMERICA THOUGHT THAT SHE WAS IMMUNE FROM THE NORMAL THROWS OF DAILY POVERTY. SHE THOUGHT THAT SHE WAS THE EXCEPTION TO THE RULES. SHE THOUGHT THAT SHE COMMIT MURDER, DEATH , EXPLOITATION, BUT SUFFER NO DIVINE BLOWBACK…..NO REPRECUSSIONS.

   THIS DAY THOUGH, AMERICA ,YOU MUST BE MADE TO SUFFER. NOW EVERYONE SEES THAT….” America is best all around now with troubles and destructions which have happened. America thought that she was immune to the troubles and destructions which are going on in other nations.

   Now the same trouble and destruction that you read of as happening in other countries and to other nations — these same troubles and destruction, with their evil and gruesome sound, are knocking on the door of America! “–pg.257(TFOA)

   ALLAH IS NOW BREAKING THE STAFF OF HER POWER. HER CURRENCY IS DONE…” One of the greatest powers of America was her dollar. The loss of such power will bring any nation to weakness, for this is the media of exchange between nations. “–pg.87(TFOA)

  NOW SHE IS SUFFERING STEALTH TAXATION THROUGH INFLATION. THIS IS DESTROYING AMERICA’S LIVING STANDARDS….” 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.”–pg.87(TFOA)

Falling Standard of Living for Average American’s, Debt/Income/Productivity

SOURCE: www.marketoracle.co.uk

Lacy Hunt kicks things off with a bang in Hoisington’s Quarterly Review and Outlook, this week’s Outside the Box:

“The standard of living of the average American continues to fall.“

The reason, in a word: debt. Lacy explains what happens:

“Efforts by fiscal and monetary authorities to sustain growth by further debt accumulation may produce some short-term benefit. Sadly, these interludes fade quickly as the debt becomes more destabilizing. The net result of increased indebtedness then becomes the opposite of what policymakers intend when they promote economic growth by either borrowing funds for increased government expenditures or encourage consumers to borrow with artificial and temporary incentives.”

In other words, you can’t get to real, sustained growth of an economy by growing debt after a certain point –one that, sadly, we have already reached.

It gets worse, because, since 2009, private debt-to-GDP has fallen while government debt-to-GDP has surged. And, as Lacy notes, “United States government spending carries a zero expenditure multiplier, as do operating expenditures of state and local governments. Thus, each dollar spent by the federal government creates no sustainable income, yet the interest payment incurred with each borrowed dollar creates a subtraction from future revenue streams of the private sector.”

That is, unproductive government debt is killing us. So what gives? It’s simple: we either make some big, tough collective decisions, and make them soon; or we come to the “bang point” documented by Reinhart and Rogoff, where the bond market no longer believes the US will pay its bills. Europe and Japan will get there before we do, but the writing is on the wall: we must get our national-deficit act together…..MORE HERE

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