Tuesday 11-24-15

Refugee… The Seldom Talked About Cost to the U.S. Economy and Tax Payer

We all know that our southern border is wide open, and that anyone from anywhere can just walk across the “border”, and into the U.S. – this is a huge problem from a security and economic standpoint but one that Obama nor our “representatives” in congress want to fix, because it’s being done by design – it’s the “Cloward-Piven Strategy” at work.
Unfortunately our wide-open southern border doesn’t seen to be enough for the Obama regime, because even after the recent deadly attacks in France that killed over 120 people, the traitor in chief, is still insistent on shipping in 100,000 “refugees” from Syria per year into the U.S..
It’s obvious that he does not care about the safety of American citizens nor do they come first in his agenda no matter the issue, because even-though he has been told by officials that there is no way to tell a refugee from a terrorist who is arriving into the U.S. from that area, he is still insistent on shipping them into the U.S. by the hundreds of thousands.
But lets forget about ISIS, terrorism or any inherent dangers that come along with shipments of refugees from that area into the U.S., let’s imagine that none are terrorists who want to kill and murder Americans. Let’s imagine that they are all full of love and peace and that there is a 100% guarantee that none will ever physically harm an American citizen.
Sounds good right… not realistic, I know, but it sure sounds nice and ties into my points below…
But even if that were all true, the question remains – what are they going to do when they get here? Are they going to get a job, work and pay taxes?
No not according to the Center for Immigration Studies, who reports that for their first five years in the United States, each Middle Eastern refugee costs taxpayers $64,370 to resettle them here.
That’s just the first five years, I could not find any credible data on cost per refugee after the first five years but did you know that refugees aren’t expected to be self-sufficient because they are admitted for humanitarian reasons…
So for each 100,000 Middle Eastern refugees we take in it costs the American tax payer approximately 6,437,000,000 dollars for the first five years – I guess that we will just add that to the already massive national debt of nearly 19 trillion.
We are broke. Doesn’t anyone get that… we are broke… our economy is collapsing… we are a crumbling empire.
As explained in a recent article published at Freebeacon.com:

Because refugees are eligible for all welfare programs they have very high rates of participation in government assistance programs.
The report finds that 91.4 percent of refugees receive food stamps, 73.1 percent are on Medicaid, 68 percent receive cash assistance, 36.7 percent receive Temporary Assistance to Needy Families, 32.1 percent receive Supplemental Security Income, and 18.7 percent live in public housing.
“Refugees have the most generous access to welfare programs of any population in the country,” explains the analysis. “Very heavy use of welfare programs by Middle Eastern refugees, and the fact that they have only 10.5 years of education on average, makes it likely that it will be many years, if ever, before this population will cease to be a net fiscal drain on public coffers—using more in public services than they pay in taxes.”

Our economy is so bad that Mexicans are leaving the U.S. and going back to Mexico to find work – according to The Guardian…

More Mexicans are leaving the United States than are migrating into the country, marking a reversal of one of the most significant immigration trends in US history.

They also reported:

In another first, the border patrol arrested more non-Mexicans than Mexicans in the 2014 fiscal year…

So how are we going to pay for and keep paying  year after year for the hundreds of thousands of refugees that the Obama regime insists on bringing into the U.S.?
Do they plan on making dramatic cuts to spending in other areas such as the military and infrastructure? Raising taxes even up to 90% as Bernie Sanders has said that he wants? Or just doing as they always do and add the cost to the national debt and worry about it later?
I would love for us to be able to help those refugees, but the truth is we are broke and our economy is in shambles and taking in hundreds of thousands of new dependents isn’t in any way going to be a positive for the United States, but instead a negative drain on or economy and resources.
It sickens me that we can’t help these people without hurting ourselves economically or increasing our risk of being murdered by a few “bad apples” that slip through Obama’s “vetting process” no matter how secure and full-proof that he would have us believe that the process is…
Didn’t he also say ISIS was contained just a few hours before the deadly attack in France… I’ve came to realize that if his mouth is moving that he is probably lying…
Please pray for the Syrian refugees and that we can help them without it being a drain on our already collapsing economy or us risking being blown to bits by terrorists that slip through the process…

http://www.thesurvivalistblog.net/refugee-the-non-publicized-cost-to-the-u-s-tax-payer/

The U.S. Dollar Has Already Caused A Global Recession And Now The Fed Is Going To Make It Worse

The 7th largest economy on the entire planet, Brazil, has been gripped by a horrifying recession, as has much of the rest of South America.  But it isn’t just South America that is experiencing a very serious economic downturn.  We have just learned that Japan (the third largest economy in the world) has lapsed into recession.  So has Canada.  So has Russia.  The dominoes are starting to fall, and it looks like the global economic crisis that has already started is going to accelerate as we head into the end of the year.  At this point, global trade is already down about 8.4 percent for the year, and last week the Baltic Dry Shipping Index plummeted to a brand new all-time record low.  Unfortunately for all of us, the Federal Reserve is about to do something that will make this global economic slowdown even worse.
Throughout 2015, the U.S. dollar has been getting stronger.  That sounds like good news, but the truth is that it is not.  When the last financial crisis ended, emerging markets went on a debt binge unlike anything we have ever seen before.  But much of that debt was denominated in U.S. dollars, and now this is creating a massive problem.  As the U.S. dollar has risen, the prices that many of these emerging markets are getting for the commodities that they export have been declining.  Meanwhile, it is taking much more of their own local currencies to pay back and service all of the debts that they have accumulated.  Similar conditions contributed to the Latin American debt crisis of the 1980s, the Asian currency crisis of the 1990s and the global financial crisis of 2008 and 2009.
Many Americans may be wondering when “the next economic crisis” will arrive, but nobody in Brazil is asking that question.  Thanks to the rising U.S. dollar, Brazil has already plunged into a very deep recession…

As Brazilian president Dilma Rousseff combats a slumping economy and corruption accusations, the country’s inflation surged above 10 percent while unemployment jumped to 7.9 percent, according to the latest official data. The dour state of affairs has Barclays forecasting a 4 percent economic contraction this year, followed by 3.3 percent shrinkage next year, the investment bank said in a research note last week.
The political and economic turmoil has recently driven the real, Brazil’s currency, to multiyear lows, a factor helping to stoke price pressures.

And as I mentioned above, Brazil is far from alone.  This is something that is happening all over the planet, and the process appears to be accelerating.  One of the places where this often first shows up is in the trade numbers.  The following comes from an article that was just posted by Zero Hedge…

“This market is looking like a disaster and the rates are a reflection of that,” warns one of the world’s largest shipbrokers, but while The Baltic Dry Freight Index gets all the headlines – having collapsed to all-time record lows this week – it is the spefics below that headline that are truly terrifying. At a time of typical seasonal strength for freight and thus global trade around the world, Reuters reports that spot rates for transporting containers from Asia to Northern Europe have crashed a stunning 70% in the last 3 weeks alone. This almost unprecedented divergence from seasonality has only occurred at this scale once before… 2008! “It is looking scary for the market and it doesn’t look like there is going to be any life in the market in the near term.”

Many “experts” seem mystified by all of this, but the explanation is very simple.
For years, global economic growth was fueled by cheap U.S. dollars.  But since the end of QE, the U.S. dollar has been surging, and according to Bloomberg it just hit a 12 year high…

The dollar traded near a seven-month high against the euro before the release of minutes of the Federal Reserve’s October meeting, when policy makers signaled the potential for an interest-rate increase this year.
A trade-weighted gauge of the greenback is at the highest in 12 years as Fed Chair Janet Yellen and other policy makers have made numerous pronouncements in the past month that it may be appropriate to boost rates from near zero at its Dec. 15-16 gathering. The probability the central bank will act next month has risen to 66 percent from 50 percent odds at the end of October.

But even though the wonks at the Federal Reserve supposedly know the damage that a strong dollar is already doing to the global economy, they seem poised to make things even worse by raising interest rates in December…

Most Federal Reserve policymakers agreed last month that the economy “could well” be strong enough in December to withstand the Fed’s first Interest rate hike in nearly a decade, according to minutes of its meeting Oct. 27-28.
The officials said global troubles had eased and a delay could increase market uncertainty and undermine confidence in the economy.
The meeting summary provides the clearest evidence yet that a majority of Fed policymakers are leaning toward raising the central bank’s benchmark rate next month, assuming the economy continues to progress.

Considering the tremendous amount of damage that has already been done to the global economy, this is one of the stupidest things that they could possibly do.
But it looks like they are going to do it anyway.
It has been said that those that refuse to learn from history are doomed to repeat it.
And right now so many of the exact same patterns that we saw just before the great financial crisis of 2008 are playing out once again right in front of our eyes.
A lot of people out there seem to assume that once we got past the September/October time frame that we were officially out of “the danger zone”.
But that is not true at all.
The truth is that we have already entered a new global economic downturn that is rapidly accelerating, and the financial shaking that we witnessed in August was just a foreshock of what is coming next.
Let us hope that common sense prevails and the Fed chooses not to raise interest rates at their next meeting.
Because if they do, it will just make the global crisis that is now emerging much, much worse.

http://theeconomiccollapseblog.com/archives/the-u-s-dollar-has-already-caused-a-global-recession-and-now-the-fed-is-going-to-make-it-worse