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Sorry Folks, Uncle Sam Can’t Solve This One
When the 30+ years of credit fueled frenzy imploded in 2007, the US
Government stepped in and tried to pick up the slack in the private sector. On
the surface appeared like a noble intention (Uncle Sam will save the day)
except for the facts that:
1) it
wasn’t actually a solution to anything
2) It
didn’t really help the average American all that much
3) 99%
of the money/ aid went to Wall Street… whose business practices are what
destroyed the financial system in the first place
This same
policy of taking over the private sector also occurred in the US monetary
system with the US Federal Reserve allowing Wall Street to dish their junk
debts onto its balance sheet in a kind of “cash for trash” program where Wall
Street sells crap no one wanted for 100 cents on the Dollar to the Fed… and
then the Fed doesn’t try to get its money back… EVER.
Doing this had a profound psychological
impact on the financial world. By swapping US Dollars for trash assets, the Fed
sent a clear signal to all of us that cash was in fact becoming trash.
The world
has taken note in a BIG way. Russia and China are no longer using the US Dollar
for trade between each other. Saudi Arabia is sending representatives to China
and Russia to strengthen trade ties (which hints that oil may not be priced in
Dollars in the coming years). And the BRICS (Brazil, Russia, India, China and
now South Africa) recently staged a conference in southern China to discuss
trading in their domestic currencies rather than the US Dollar.
In simple
terms the world has already begun shifting away from the US Dollar. When it
came between choose to maintain the reserve currency of the world vs. giving
trillions to Wall Street crooks, Ben Bernanke chose the latter.
That one decision literally changed the
course of the US’s future. Bernanke literally bet the Republic and the US
Dollar that the world would tolerate it. The world isn’t.
The US
already had a debt problem before Bernanke did this. But he made sure that this
problem would become an absolute disaster. There is now only one way out of
this mess and that is default. The US cannot EVER pay back its debts. A US
default is going to happen GUARANTEED (hyperinflation induced by endless money
printing is just another form of default). When this happens, the US Dollar
will collapse, lose reserve currency status, and inflation will rip through the
system destroying the purchasing power of anything paper-related.
So if you’re
not preparing for mega-inflation already, you need to start doing so NOW. The
Fed WILL continue to pump money into the system 24/7 and it’s going to result
in the death of the US Dollar.
If you’ve
yet to take steps to prepare your portfolio for the coming inflationary
disaster, our FREE Special Report, The
Inflationary Disaster explains not only why inflation is here now, why the
Fed is powerless to stop it, and three investments that absolutely EXPLODE as a
result of this.
All in all
its 14 pages contain a literal treasure trove of information on how to take
steps to prepare AND profit from what’s to come. And it’s all 100% FREE.
To pick up
your copy today, go to http://www.gainspainscapital.com
and click on FREE REPORTS.
Good
Investing!
Graham Summers
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Today I met with 2 friends of mine which I see about 2 to 3 times a month.
First we came arround my house and had a BBQ and talked about thits and thats.
I also had 2 ups packages which came in and while we where talking I unwrapped them. Not thinking anything about it.
I was a collection of Napoleon III coins and a roll of Hidalgo 60's 10 peso coins.
So before you know it I was talking about silver as a investment, inflation, the whole shabimg.
Their answer: Ha, I don't care about stuff like that.
So I dropped the conversation about silver and went back to the conversation about nice asses and tits.
They are very good friends of mine, but somehow I had this innervoice saying to me: you said it, they don't care, fuck it.
I had the same conversation with my friends re real estate investing in the early 90s. At that time real estate was on the bargain counter here. Prices had dropped 40% from the overheated late 80s prices. For the first time in years you could buy with low interest rates and get good positive cash flow.
Every one turned their backs, or told me real estate sucks, it has dropped and will drop more, don't sell me that junk etc.
Now they are retiring and worried about how to make ends meet. When they tell me their problems I think "You can kiss my ass. I told you this day was coming 20 years ago" but I don't say it.
Yep, he hit it right on the head. We are in a position to default, in fact the debt ceiling fiasco might be a reason to try to force a "controlled" default. Which in their ind will be controlled but in reality it will be a finger pointing session of they did it not us.
I guess I'll break in my new document shreader with dollars
I listen to WABC's John Bachelor when I'm in range. The other day he was discussing the middle-east with his guest ( forget who) but noted that the Saudi Foreign Minister was in Pakistan. What was noteworthy was the Saudi's have apparently gotten a commitment from the Pakistani's for the use of the Pakistani Army to put down any uprising in SA.
It would seem more than the dollar is losing credibility! This administration, by pulling the rug out from under the leaders of Egypt, Yemen, Libya and demanding Bahrain let the protestors back into Pearl Square AFTER the police, at great cost, had expelled them, has lost the confidence of the Saudi's.
Sweat is good for hard working americans... death and destruction is in line more in hell than in heaven... I always knew those countries that venerated fast growth over ethical growth were doomed to fast withdrawal pains...sorry for analogy.
Don't sweat it graham, remember death and destruction are good for the economy.
You've got to break a few eggs if you want to make a New World Omelette.