Bill Sykes' - In Retrospect
XIII.
(October 2008)
Bill
Sykes looks back in retrospect at material which has
been published in previous editions of "View from
America", in an attempt to determine whether the
subject matter written then is still applicable in
today’s world.
Introduction to article #13. (Here we go
again - Unlucky for some).
Bear with me as once again I try to explain the bizarre and many times immature
American mentality and how it affects their ways of thinking, and I must reiterate
that even though I have lived in this country for forty three years I will never
understand their naivety when it comes to, amongst many other things, their "spend
now - pay later" attitude, and their obvious lack of knowledge of foreign
countries and the internal policies of those countries
Please refer to the May 2005 Edition of,
"View from America", for
details of the, "I’ve gotta have it - spend now - pay later" syndrome
and the "Corruption in High Places" paragraph.
Also please take a look at the updated "US NATIONAL DEBT CLOCK",
information shown below.
"BLACK MONDAY", September 29th 2008 - Another day that
will go down in infamy.
This was the day when the New York, Wall Street Stock Exchange - DOW Industrials
market, crashed and went down 777 points, the largest and worst point loss in
American history with 2.03 billion shares trading in the down column. The previous
largest meltdown of the DOW Industrials was a down number of 685 points that
occurred on the day after the 911 terrorist attacks upon American soil.
Even though President Bush has denied for several years that the United States
was in a recession, and has declared many times that the US economy was strong
and resilient, we now appear to be approaching a depression as shown by yesterday’s
stock market financial melt down, which I consider to be bordering upon the 1929
catastrophic event. Looking back in retrospect the United States did not return
from the 1929 financial melt down to a state of financial equilibrium until long
after World War Two.
During the last six/eight years under this President and his administration,
we have eventually reached a financial meltdown where we have gone from a national
financial surplus of $5.6 trillion dollars at the end of the Clinton
presidency to a current national financial deficit of $10.2
trillion dollars under the Bush presidency.
In addition to the actions of this President and his administration, I fully
suspect that the Wall Street Stock Market has also played a major part in the
overall financial meltdown, but I’m in the unfortunate position that I
lack much of the pertinent knowledge of the internal workings and the overall
financial dealings of the stock market to be able to throw much light on how
deep the stock market is involved in this disastrous financial situation.
U.S. NATIONAL DEBT CLOCK
The outstanding public debt as of 07 Oct 2008 at 03:27:11
PM GMT is:
The estimated population of the United
States is 304,864,740
so each citizen's share of this debt is $33,451.26.
The National Debt has continued to increase an average
of
$3.18 billion per day since September 28, 2007!
Disclaimer:
Some of the information gathered for this news letter
has been gleaned from American and International
media sources, (Including the Internet), and as such
is quoted as accurately as possible. I try to obtain
confirmation on each subject from several outlets,
so the text is a mixture of composite news items
and my personal comments and therefore the reader
must make his/her own judgment as to the reliability
and degree of accuracy of the subjects discussed.
Eric (Bill) Sykes, (Southern California).
October 2008.
We welcome feedback about any of the contents
of these articles. Please send all correspondence
to bill_sykes@huddersfield1.co.uk
|
