When Barack Obama took office, the official normal money supply of the United States was about $1.1-trillion. The $3-trillion in federal budget deficits that have been run up since then have largely, technically, escaped the money supply, though accretions have almost doubled the official total, an unheard of rate of growth (about 40% annualized) in a hard-currency country. About 70% of this debt has been paid by the issuance of bonds to the central bank of the United States, the Federal Reserve, a subsidiary of the United States government. Whatever the balance sheets say, this has produced the effect of a money-supply increase, which has brought pump-priming to a level of over-achievement not seen since Noah felt the compulsion to build an ark. And the annual trillion-dollar deluge is forecast to continue for a decade.The incompetence of the Obama government is being felt internationally on all fronts -- from economic markets to the global balance of power. There are plenty of problems originating outside the US:
The world’s reserve currency, the fabled vehicle of the “faith and credit of the United States,” is now virtual money — a symbol for all the other massive problems afflicting the U.S. economy. _NP
The world economy is losing strength halfway through the year as high oil prices and fallout from Japan’s natural disaster and Europe’s debt woes take their toll. _, but any response that the Obama crew is able to scrape up is invariably inadequate and couterproductive.
Obama's expensive economic stimulus programs have been revealed as corrupt payback schemes to supporters. But the wealth transfer from the productive classes to the corrupt and non-productive classes -- friends and supporters of Obama -- seem to stretch out indefinitely into the future. Boss Tweed can only be Boss Tweed. He and his gang know no other way to govern but the way of corruption and thuggishness.
Meanwhile, in the heart of many of America's largest cities, the violence among Obama's most dedicated supporters only grows. Here are America's ten most deadly cities -- strongholds of Obama supporters:
1. Flint, Mich.The rot begins at the very top, and spreads into most government bureaucracies, media offices, academic institutions, labour union centres, corporate personnel offices, courtrooms, law enforcement bureaus, and virtually every institution of the nation.
Violent Crime Per 1,000: 22
2010 Murders: 53
Median Income: $27,049 (46.1% below national average)
Unemployment Rate: 11.8% (2.8% above national average)
The number of violent crimes committed in Flint increased for all categories considered for this list between 2009 and 2010. Perhaps most notably, the number of murders in the city increased from 36 to 53. This moves the city from having the seventh highest rate of homicide to the second highest. The number of aggravated assaults increased from 1,529 to 1,579, a rate of 14.6 assaults per 1,000 residents, placing the city in the No. 1 rank for rate of assaults. Flint police chief Alvern Lock stated late last year that he believed the city's violence stemmed from drugs and gangs. Flint has a relatively small median income of about $27,000 per household. The city also has a poverty rate of 36.2%.
Violent Crime Per 1,000: 18.9
2010 Murders: 310
Median Income: $26,098 (48% below national average)
Unemployment Rate: 12.7% (3.7% above national average)
The city crippled the most in America's post-industrial era is almost certainly Detroit. The Motor City has suffered from high rates of unemployment, homelessness, and crime. The city has one of the ten highest rates for three of the four types of violent crime identified by the FBI. Detroit has the sixth highest murder rate, the fifth highest robbery rate, and the second highest rate of aggravated assault. In 2005, a major reorganization of the city's police department took place after a federal investigation identified inefficiencies within the system. According to an article in The United Press, opponents of Detroit Mayor David Bing called for further intervention by the Justice Department in several shootings that occurred last year.
3. St. Louis
Violent Crime Per 1,000: 17.5
2010 Murders: 144
Median Income: $34,801 (30.7% below national average)
Unemployment Rate: 9.3% (0.3% above national average)
Violent crime in St. Louis fell dramatically between 2009 and 2010, and has decreased since 2007. Despite this, crime rates remain extremely high compared with other cities. In 2010, the city's murder rate and rate of aggravated assault were each the third worst in the country. With regards to both violent and nonviolent crime, St. Louis was rated the most dangerous city based on FBI data released six months ago. As of December 2010, the murder rate in St. Louis was 6.3 times that of the state of Missouri. The city's gunshot murder rate for residents between 10 to 19 years old is also the second highest in the country, behind only New Orleans, according to the U.S. Centers for Disease Control and Prevention.
4. New Haven, Conn.
Violent Crime Per 1,000: 15.8
2010 Murders: 22
Median Income: $38,279 (23.8% below national average)
Unemployment Rate: 9.6% (0.6% above national average)
New Haven has historically had the highest rate of violent crime on the east coast. The impoverished, crime-ridden parts of the city stand in stark contrast to affluent Fairfield county to the West, and elite Yale University, which is located within the city itself. The number of murders in the city doubled last year. New Haven has the eighth highest rate of robbery and the fourth highest rate of assault in the U.S. The New Haven Police Department is considering adding cameras at every intersection in one of the neighborhoods where shootings are the most common.
5. Memphis, Tenn.
Violent Crime Per 1,000: 15.4
2010 Murders: 89
Median Income: $34,203 (31.8% below national average)
Unemployment Rate: 9.9% (0.9% above national average)
Memphis has high rates for all the violent crimes considered for 24/7 Wall St.'s rankings. It has the sixth highest rate in the country. Incidents of violent crime in the city dropped slightly less than 15% between 2009 and 2010 though. Memphis Mayor AC Wharton attributes this decrease to Operation Safe Community, a citywide plan developed in 2005. The plan consists of a number of strategies meant to increase crime prevention, through toughening punishments for criminals, and the effectiveness of the city's legal system, through changes such as expanding court programs so that they operate consistently and at full capacity.
6. Oakland, Calif.
Violent Crime Per 1,000: 15.3
2010 Murders: 90
Median Income: $51,473 (2.4% above national average)
Unemployment Rate: 11% (2% above national average)
Oakland's violent crime dropped about 5.5% between 2009 and 2010, from about 6,800 to 6,260. The city nevertheless has the tenth-highest rate of rape, the ninth-highest murder rate, and the second highest robbery rate in the country. In 2010, there were 7.12 robberies for every 1,000 Oakland residents. According to an article in the San Francisco Chronicle, Mayor Jean Quan has attempted to combat break-ins and theft by creating programs to keep potential wrongdoers off the streets by starting late-night basketball programs. It it unclear if these policies have worked.
7. Little Rock, Ark.
Violent Crime Per 1,000: 15.2
2010 Murders: 25
Median Income: $38,992 (22.3% below national average)
Unemployment Rate: 6.8% (2.2% below national average)
Little Rock has one of the highest rates of aggravated assault and forcible rape in the country. Since 2009, reported assaults has increased while reported forcible rapes have decreased. According to Lt. Terry Hastings of the Little Rock Police Department, quoted by local station FOX16, Little Rock was "down almost 12 percent across the board on crime" in 2010. This may be accurate for many crimes, and especially nonviolent crimes, however, according to FBI data, violent crime increased from 2009 to 2010.
Violent Crime Per 1,000: 14.6
2010 Murders: 223
Median Income: $38,772 (22.7% below national average)
Unemployment Rate: 7.4% (1.6% below national average)
Baltimore had the eighth-highest rate of violent crime per capita in 2010 among cities with 100,000 or more residents, and the second-highest east of the Mississippi. The number of violent crimes has dropped slightly in the past year -- from 9,600 to 9,300 -- but the Maryland city has some of the worst rates of dangerous offenses in the country. This includes the tenth-worst aggravated assault rate -- and the fourth-worst murder rate in the country.
9. Rockford, Ill.
Violent Crime Per 1,000: 14.5
2010 Murders: 20
Median Income: $36,990 (26% below national average)
Unemployment Rate: 13.3% (4.3% above national average)
Rockford has unusually high violent crime rates for a city of its size. Most notably, the city has the fourth highest rate of aggravated assault in the country, with 10.5 cases for every 1,000 citizens in 2010. During the same period, 20 murders occurred, almost double the number in 2000. Quoted by the Rockford Register Star in 2007, Winnebago County Sheriff Dick Meyers said that he believed the city's "location worked against [it,]" as Rockford receives traffic from the drug markets in Madison, Chicago, and Milwaukee, resulting in heightened rates of violence.
10. Stockton, Calif.
Violent Crime Per 1,000: 13.8
2010 Murders: 49
Median Income: $45,730 (8.9% below national average)
Unemployment Rate: 18.4% (9.4% above national average)
With a jobless rate of 18.4%, up from 18.1% a year ago, Stockton, California has one of the worst unemployment problems in the country. The huge percentage of unemployed residents may have contributed to horrible crime rates in the city, which is located 40 miles east of Oakland and San Francisco. Stockton was rated one of the most miserable cities to live in the country by Forbes in March, 2010. Violent crime was one of the chief measurements for its ranking. Of the 267 cities with populations over 100,000, Stockton has the 27th highest number of murders per 1,000 people and the 12th most aggravated assaults per 1,000. Last year, recognizing the crime problems in the city, the state temporarily diverted hundreds of California _MostDangerousUSCities
You may want to think about what would have to be done to bring positivity and productivity back to the productive classes of the US. Because when the US is strong, the rest of the world has some hope for improvement. With the US under Obama in danger of collapse in many areas, hope is becoming rather scarce. What do you do?