Goodbye Benefits... Hello "Interesting" Times

Don’t they
get it?

It’s truly
bizarre to me that the powers that be cannot figure out WHY the average
American is growing increasingly disenfranchised with how things are going.

Let’s do a
quick review of the facts:

1)   Food
stamp usage at record highs

2)   Real
unemployment around 17%

3)   Food
and energy inflation on the rise

4)   Incomes
and housing prices falling

5)   Wall
Street bonuses at record highs

6)   The
Fed continuing to pumping hundreds of billions of dollars into the banks while
proclaiming a “recovery”

Seriously, a
second grader could connect the dots here and see how this will work out (hint:
BADLY).

What’s truly
strange is to see allegedly educated, intelligent people like Ben Bernanke talk
as though the stock market is somehow an economic indicator. I’m sure it’s a
great indicator of prosperity if you work at Goldman Sachs or are a corporate
insider at a publicly traded company.

However, for
those Americans who DON’T have flawless trading records (or stock option grants)
stocks have NOTHING to do with your day-to-day activities.

After all,
your typical American DOESN’T buy food or pay their mortgage with the profits
from their day-trading; they pay with the money they earn from their JOB.

On that
note, get ready for some “interesting” times.

I’ve been
warning for months that things are going to get “interesting” in the US.

After all,
with over 42 million folks on food stamps and millions of others one paycheck
away from being homeless, it was only a matter of time before something broke.

In fact it
just did.

As of
yesterday, people who have been unemployed for more than six months began
losing their unemployment benefits. Whether or not you agree with the concept
of unemployment they’ve been the one thing keeping millions from homelessness
and desperation.

Desperate people do desperate things. And
with two million Americans about to lose their benefits this month, desperation
is going to be on the rise BIG TIME going forward.

On that
note, NOW is the time to be preparing. I’ve been urging my subscribers to
stockpile some food, water, cash, and bullion for well over a year now. I do
not believe we’re heading into some Mad Max/ Armageddon times, but I DO think
that there will be periods of shortages in the US in the future. And those
shortages will not be handled well by most folks.

As a
personal anecdote, earlier this year the area I live in suffered a severe snow
storm that made it difficult for shipping trucks to get in to town. The grocery
stores were virtually picked clean within 24 hours. I shudder to think what
would have happened if this has lasted more than a day or two.

Be careful,

Graham
Summers

PS. If
you’re getting worried about the future of the stock market and have yet to
take steps to prepare for the Second Round of the Financial Crisis… I highly
suggest you download my FREE Special Report specifying exactly how to prepare
for what’s to come.

I call it The Financial Crisis “Round Two” Survival
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on the stock market (this “insurance” paid out triple digit gains in the Autumn
of 2008).

Again, this
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Comments

[Kina]

Can they ever stop QEn?  The music can never stop.