Will Austerity Come to the U.S.?

SIC SEMPER TYRANNIS!!!
Mark Matheny
May 14, 2011

Last October I wrote an article called "In Austerity We Trust", where I discussed the possibility of a downgrade of the U.S. credit rating, and the possibility of austerity measures that may follow. S&P has now put the U.S. on a "negative Watch" status saying that unless the U.S. takes measures to decrease spending, the U.S. AAA credit rating may be downgraded.

Back on July 17, 2010, I reported on the fact that China-based Dagong International credit Rating Agency had announced its downgrading of the U.S. AAA status to to AA with a negative outlook.

 Tony Sagami of UncommonwisdomDaily.com, stated at that time:

The UNTHINKABLE has happened. U.S. government debt has lost its sterling AAA credit rating! Like Greece, Iceland, and Dubai, the runaway spending from our Washington, D.C., politicians has caught up with us.

The good news is that the downgrade has come from upstart rating agency China-based Dagong International Credit Rating. The bad news is that Standard & Poor’s, Moody’s, and Fitch are almost certain to follow, and that will mean disaster for the dollar as well as dollar-denominated assets.

The head of China’s largest credit rating agency has slammed his western counterparts for causing the global financial crisis and said that as the world’s largest creditor nation China should have a bigger say in how governments and their debt are rated.

“The western rating agencies are politicised and highly ideological and they do not adhere to objective standards,” Guan Jianzhong, chairman of Dagong Global Credit Rating, told the Financial Times in an interview.

Only months before the announcement by the chinese agency, Timothy Geithner confidently stated that the U.S. Government "will never" lose its AAA credit rating, despite its increasing annual budgets, and a massive national debt of $14 trillion.The White House chose to ignore the announcement by Dagong International, while it sold the American Boob-tube watchers its "summer of recovery" propaganda.


Of course in April of this year, S&P came with the announcement that it was putting the U.S. AAA credit rating on "negative watch", giving the U.S. Government a warning to cut spending within the next two years, or face a possible downgrade in its credit rating.

To this announcement, geithner then came out once again to defend the monetary policy of the government and its partner in crime, the Federal Reserve.


When asked if the debt ceiling would be raised again, Geithner stated:

“That’s the judgment Congress has to make and it’s just about how often they want to vote for this. We are the only country in the world that does this; the debt limit that is authorized is just to give us the chance to borrow to finance commitments Congress has already made. There is no reason Congress won’t raise it, they always raise it. They have to decide how often they want to raise it. There is no reason why they have to put their members through the torture of having to do it frequently.”

We are the only country that does this because we are hold world reserve currency status. When geithner was asked how much the debt ceiling would be raised he stated:

“If it were up to me, knowing you want the world to know that our commitment will never be in question, you would do it for as long as possible. Even under Paul Ryan’s budget plan, you would have to raise the debt limit by 2 trillion dollars to get through this.”

My prediction on what the ceiling will be raised to was between $16 -20 trillion this time. I believe this will be done to put off the next raise until after the coming elections in 2012.


watch full video here http://www.youtube.com/watch?v=Ho4nf50Onwo

Well, with all of that said, will austerity measures come to America? You can almost assuredly count on it.
Once again Americans will be called upon by the criminal Banksters and co-conspirators in the White House to obediently surrender our paychecks, retirement savings, and our freedom and dignity in order to save the empire, (which really means becoming slaves to globalism and a global New World Order.)

In an article titled  "IMF Austerity Is Headed to America – Watch Out!", it states that IMF style austerity measures will more than likely come to America. It states that America's future is "one of government-induced privation and societal misery". Financial Times stated that the move by S&P was purely a political move:

"S&P's aim plainly was political. US politicians must agree on a policy to reduce the deficit. This must involve cutting spending, reducing entitlements and raising taxes. Who exactly bears the brunt of these remedies is a political question, not an economic one. No politician wants to be responsible for such things, so it is no surprise that they avoid the problem."

Also noted in the article "IMF Austerity Is Headed to America – Watch Out!" is the fact that the western power elites are promoting a larger fear based form of hysteria among the American people in a 'problem- reaction - solution' scenerio saying:

One needs a problem in order to provide a solution. And the move is on, most obviously, to create ever-closer global governance and perhaps an alternative currency. Modern central banking has done its work, throwing Western economies into confusion and disarray. Europe is already suffering from IMF-style austerity tactics and Britain is implementing them now. The US is next on the list.

The article goes on to say:

IMF provisions featuring privatization, tax hikes and public sector "austerity" are designed in my view to provoke the very public anger that Western elites are counting on to fuel a conversation about yet MORE centralization and MORE governmental control – of a "transparent" and "disciplined" type. The conversation is constantly to be focused on "better" government, not less of it. We can see the problem coming into focus now for the US, and the solution shall not be far behind. Expect the same sort of civil unrest that is currently afflicting Europe to visit the US if this conversation continues to be pushed along its current track.

While our credit rating is being downgraded and our economy goes further into crisis mode, Obama and his administration have entertained the masses with a dubious copy of his recently found long form birth certificate, and the announcement of the death of Osama Bin Laden. Both announcements of course have many holes and conflicts within themselves, but nevertheless achieve what the White House intended them for - distractions from the real crisis coming at us in the form of economic meltdown.