U.S. Economic Collapse
How to Protect Your Assets With Troubling Times Ahead
A plethora of accelerating alarming events in the news lately has convinced me that we are on the verge of shocking changes in our country and world. Most people don't see what these events really mean and how all of us stand to be affected.
You don't have to look very far in the news to see one shocking headline after another. The New York Sun suggests that America is on the verge of food rationing while the Washington Post reports that burglaries have surged 21% in Washington DC, the absolute heart of the United States, because of a slumping economy. It's absolute madness. In fact, just take a look a property crime map of Washington D.C. for the year. Below are the locations of burglaries by block address. Some blocks have had as many as five burglaries, while some ares are almost completely blanketed with property crimes.
And for the most part I think people have almost become immune to the negative information that surrounds us on a daily basis and figure that since there is no immediate crisis why worry. But just because we are not surrounded by an immediate crisis, doesn't mean one is not coming.
Economic, Social, and Political Calamity
I recently began to list the major factors that I believe have now set the stage for economic, social, and political calamity unlike anything America has ever witnessed. The items that will have the most impact on us in the near term and long term are as follows:
- The coming complete collapse of the U.S. Dollar due to decades of loose fiscal policy;
- Massive foreclosures coming in the next 12 months taking real estate prices much lower and bankrupting tens of million of citizens;
- Credit derivatives causing gargantuan losses for major financial houses in the U.S. and around the world;
- Rising geopolitical problems especially with the Middle East, but also in other parts of the world as well;
- Aging crisis with baby boom generation;
- The major economic recession this year due to the above items; and
- Even higher oil prices, which will bring gas prices in line with what the rest of the world is paying $4 to $5 dollars a gallon or more causing consumer prices to continue rapidly rising.
While all of these items are very troubling, several things come to the forefront.
A few months back I have heard the message of a man named David Walker, who is the head accountant, the controller general for the United States and in charge of running the U.S. Government Accountability Office.
He was touring the United States with an urgent message, which he called the "Fiscal Wake Up Tour" for any who will listen. I admonish you to hear what he has to say by clicking on the link below. I believe his message is of paramount importance if America has any chance of avoiding economic oblivion in our future.
After listening to what David Walker is saying, a quote from Thomas Jefferson comes to mind.
"And to preserve their independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude."
This is a "when" not "if" issue. The United States is on the verge of collapse due to decades of fiscal irresponsibility that has come about because we want to do everything for everybody. Sorry, we can't do it. Just as each of us can't get everything we want because there are certain restraints that limit us. The government has been acting like there are no restraints with an endless supply of checks to write for whatever they need. It just doesn't work that way.
The consequences for our apathy as Americans in letting this happen is now about to come due as the U.S. dollar closes in on its intrinsic value, ZERO, and the government then starts the new currency, the Amero.
If you are not yet attuned to that word, you better start listening to what key political figures are saying in Canada, Mexico and the United States. David Dodge, the Bernanke of Canada has been introducing the term to Canadians as recently as last summer. Mexican and U.S. authorities are also starting to use the word in relation to the North American Union, which combines Canada, United States, and Mexico into one borderless country with one currency.
Is it any wonder then why our government is unwilling to enforce our border with Mexico, and why certain politicians are trying to bring about amnesty for illegal immigrants when Americans by a huge majority are screaming no way! When you start to wonder why so many strange things seem to be happening and start asking the question, Have the people leading our government lost their minds? No, they have not lost their minds, it is simply that they have another agenda they are trying to implement without your knowledge. They are fully aware of the dilemma they have created and are quietly opting for the new currency.
As this changeover in currency occurs, those who keep their savings in U.S. T-bills, U.S. dollar denominated bank accounts, CD's etc, etc, will wake up and find that they have lost the bulk of their wealth. It will be a simple statement something to the effect that "For every $100 US DOLLARS you have, you will now get 10 or 20 Ameros, and by the way, the price of goods and services will remain the same."
Protect Your Assets With Gold and Silver
Gold and silver will soon go to levels the average person can't even understand as the U.S. Dollar descends lower and lower until foreigners who are holding the worthless paper in their central bank vaults suddenly run for the exits.
Leverage yourself to gold and silver mining stocks and physical holdings of the precious metals. Stay out of debt as much as possible and watch closely to what is happening as shocking events begin to unfold in 2008 and beyond.
During the great depression after the stock market crash of 1929, the people who survived the best, were the ones who had little or no debt and had exposure to the precious metals. Surviving as best you can is the ultimate objective.
With you all the way,
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