http://www.youtube.com/watch?v=OS2fI2p9iVs
Poor guy. . .he's actually trying to stop this freight train.
If you check out ronpaul2008.com, he was the one presidential candidate trying to bring attention to this issue, but he was for the most part ignored. The US Govt is spending 500k A MINUTE in Iraq with NO exit strategy in place. Hence, they are spending 10Billion a month in Iraq and that will continue "forever".
At some point, the common citizen will either be taxed to the point that going to work will not make sense, or there will be such major financial catastrophes because the Fed's income from tax receipts won't cover the monthly 'interest only' payment on the debt. (It doesn't cover it now)
We already would've had this catastrophe in August 2007, and 3 weeks ago in March. But, the Federal Reserve just 'creates' BILLIONS in loans ( another 500 BILLION since August ) out of thin air to come to the 'rescue'. Think, "abra cadabra".
The Fed relies on the fact that as common people we do not understand the concept of big numbers. The idea is the same to us of 3 trillion dollars, and 43 trillion dollars. To us, it's just 'a lot of money' one way or the other. No business, no person, no city govt would be allowed to take the ATM cash advances off their credit cards like this, and continue to open new credit cards and max them out the way the Govt does.
Is it an easy problem to fix? No. But not many in Government seem to be trying.
The pioneers of the US are embarrassed right now. Inflation will accelerate, the dollar will continue to decrease to the value of zero, and at some point it will stop. So be prepared for this day. You hear it all the time, and again it's easy to ignore, or put off 'for another day', or 'when I have lots of money', but you need a food storage.
Because when you absolutely need a food storage, and your families life depends on it, the 20k in checking at Wells Fargo won't mean anything to the empty shelves at Albertsons and hungry people trying to feed their families by any means necessary wandering the streets.
Happy thought I know, but seriously, do as the Govt does. Grab your MasterCard and buy a nice 90,180 day supply for your family. Because if you ever need the food to survive, and don't have it, how much would you pay to avoid watching your children starve? Extreme I know. But you tell me, is it possible? Or, can we forever count on the Government to be there? Can we be certain that a catastrophe is not possible?
Sorry for the long rant! But this kind of stuff gets me fired up!
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1 comment:
Word, man. This form of gubmint cannot sustain itself. Good info, and I appreciate your email (so I can spy on your blog).
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