Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts

February 8, 2014

Last Friday the US Treasury send warning letters to Congress that stated by the end of the month there will only be $50 billion left in the government's wallet. February 7th the debt limit was suspended due to the October budget deal. Starting on Saturday the debt ceiling will go back to its current level of 17.2 trillion. If Congress fails to act by the end of this month the country will once again default on its debt.




Senate Budget Chairwoman Patty Murray, D-Wash. recently made this statement to USA Today.


"We're now at a point when the Treasury Department will have to take extraordinary measures to ensure the United States can continue to make the payments it owes, including Social Security checks and even tax refunds," she said, as quoted by USA Today. "There's no reason to drag this out any longer."




If what Senator Patty Murray stated is correct and congress fails to act, we could see rioting and mass civil unrest that would consume almost all of the country by the spring, specially if you take into account the growing number of Americans receiving government benefits, which is now around 128 million nationally. 

Are you prepared? Food, water, precious metals, extra fuel, all documentation on family members in case of travel outside the U.S. and self defense items are just a few things every American should own just in case. These items not only are useful in a civil unrest situation but in natural disasters and other unforeseen events.

Check out these links for further reading:

The Prepper Helper

The Prepper Website

The Prepper Plan

Survival Plan Online

February 6, 2014




Ethan Couch was 16 when he killed four friends, paralyzed another and caused one more numerous broken bones and internal injuries while drunk driving. At the time of the accident his blood alcohol was three times the legal limit. A judge ordered Couch to a rehabilitation center paid for by his parents who are wealthy, instead of 20 years in state custody. The Defense used what now is called the "Affluenza"defense, which consists of arguing that since your family is rich and your parents spoiled you, you shouldn't be held to the maximum extend of the law. Or what I like to call getting away with murder because you're rich.




Ethan Couch, 16, has been sentenced to 10 years probation for a June ...
This defense should trouble everyone who isn't considered wealthy because you, your family or friends could die at the hands of someone suffering from "Afflunenza" and never get justice.  Still not sure their wealth status had anything to do with it? Let's see what happens if your poor and decide to drive under the influence and cause bodily harm.

Kwaku-Wiredu-150x150.jpg
In Baltimore, M.D- Kwaku Wiredu was sentenced to fifteen years in prison with eight years suspended plus Wiredu was ordered to pay $150,000 dollars to the family of  the victim . Doesn't seem that bad? Well the victim, Jimmy Poleto wasn't killed, but suffered a life threatening injury which caused him to be in a coma for three months. Mr.Wiredu was convicted of second-degree assault and was not wealthy.

"Justice is the constant and perpetual will to allot to every man his due."
-Domitus Ulpian






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