User:Jarno h. unovene/Debt and the USA

USA: A NATION IN DEBTS AND A FALLING ECONOMY.

For so many years the United States of America have been labelled as the world’s strongest economy. Usually referred to as the American dream, USA have been a safe haven for investments, best holidays, top education system and a booming hollywood movie industry. It also holds the largest military industrial complex and its one of the world’s purest democracy with its two formidable parties which switches power. That have been until the world economic recession hit their economy and debts started piling up rapidly. Currently the USA is on a verge of bankruptcy as they owe trillions of dollars to the Chinese state, financial institutions and their very own private federal reserve. The Washington house is now racing against time to try to come up with a miracle to save their nation and avoid a historic debt default as the deadline which was last tuesday the 2nd of August have been lifted.

American citizens are in panic, the global media is anxious of events to unfold in the future and the whole world is on alert. The argument currently in public is wether the USA can be able to come up with a solution before the new deadline or will they fall down the drain. Many politicians in the White House believe that what their economy is going through right now is just a usual bad time and they will pass through it. Hopeful American citizens were also interviewed last week by state and international media about their thoughts on a possible solution and they are quite optimistic that they will win the race against time. In my beloved nation of Namibia people are suggesting that a second bailout will surely help the Americans to overcome their problem and move forward.

Despite the positive arguments, there are also those who are arguing that the Americans glory days are over and it will take no effort to avoid a default. Most Republicans have almost given up hope and they are opposing president Obama’s idea to review the Budget Control Act of 2011 and cut on medical, housing and military act. Former Minnesota governor John Ventura had argued that all options will remain closed as long as the misplaced powers which pulls the economic strings of that country exist. Many are now blaming the Obama administration which failed to rescue the Bush crippled economy. Obama’s continuation and enforcement of G.W Bush’s war strategies have killed the American economy for good is what most are claiming in Europe.

My views on this topic are that Washington needs some order in the White House, Republicans and Democrats must unite and work together to come up with a common solution. USA must also nationalise the Federal Reserve Bank to be able to control their currency flow. Huge war bills intended to distabilise the oil rich Middle-East in my view are also a complete waste of money which can be used to atleast pay off some debts. If this can be done then surely the US will once again stand upright. In conclusion, the Americans must look past Obama and realise that he alone cannot solve this mess so they must all get involved to revive the American dream.

References

 Most information obtained from the Obama Deception film produced by Alex Jones (available on www.youtube.com).

 The American Debt Clock is available and lively updated on GOOGLE (www.google.com).

 Daily The Namibian newspaper publish articles reporting on the US debts almost everyday. (also available on their website: www.thenamibian.com.na)

 CNN and BBC television news channels gave a platform to American citizens to express their views on the debts. They also run daily shows to update viewers on events unfolding in concern to the debts.