The
Prepardiness
Are
Fuel prices getting you down?
Make your own $1.25 BioDiesel Fuel
Buy the best...Our BioDiesel books
are being sold all over the world
|
Make your own $1.25 BioDiesel Fuel Buy the best...Our BioDiesel books
are being sold all over the world |
|
We believe in being ready for the possible bad times ahead. So.. our motto is just like the Boy Scouts... be prepared. (1) Stock up on non-perishables. Like a locomotive.. bad times are slowly but surely headed down the track we have laid and when it arrives.. it will crush us. Our view is that the US we grew up in will vanish within 10 years and perhaps sooner due to simple greed. The US dollar is loosing value on the world market at a fantastic rate read this story for more. As the stock markets, banks and currencies collapse things WILL become much more expensive. Have you noticed how your
money does not go nearly as far? Your purchasing power is rapidly dwindling today thanks to the government printing presses being in overdrive just to keep our country afloat. You see, the dollar is being intentionally inflated to keep our US debt payments going. We are so deeply in debt it is very doubtful this will have a positive outcome; read on to understand why. The US dollar is currently in a unique position as it is the worlds reserve currency. We can print money like no tomorrow.. well at least until the world gets tired of us devaluing the money and selects another currency. Yes there is very serious talk of that happening! Read this report from the United Kingdom about their view of the US dollar and what problems our US debt is creating across the globe and how they perceive it as affecting us in the long run. The US currently is $14.5 Trillion in debt $14,500,000,000,000, way to big a number to comprehend. Source of current US DEBT HERE Let me say this another way everyone can understand, if we made simple instalment payments to pay this debt off and were to stop ALL government spending and interest until it was paid off... simply froze the clock so to speak. At $1,000,000 (one million dollars) an HOUR every hour of every day put into a big box until paid off... It would only require 14.5 million payments until payoff. Since we have 365 days a year and 24 hours a day that comes to 8760 payments per year. At that rate 14500000/8760 = 1,655 years until payoff! Now we all know that is not going to happen and we could likely afford to pay a bit more than the one million an hour I demonstrated above... I was simply using it to illustrate just how big our US debt problem is and believe we should all be very concerned. Most people have no idea just how big this problem actually is or how it will eventually affect each and every one of us in a very negative way. About all we can do is prepare for the inevitable except to protest or vote someone into office who will do something to curb this insanity. Greed is causing this problem. Greedy people who think someone owes them something simply for being alive are a main cause and people who do not think with their heads at all but instead think with their heart are causing this problem and it is getting worse. At this point it is doubtful it can be turned around in time to avoid a catastrophe. People.. at least think with your heart and head about the financial disaster you are leaving as a legacy to your children and grandchildren! You are responsible for leaving them with NOTHING but poverty and no way to climb out of it! SHAME ON YOU!!! More on loss of what the world view is of the US situation.. this below is from Russia Implications of the loss of the dollar's reserve status
As the dollar loses its reserves status, at
least half of the world's $5,385 billion
dollar reserves will be sold off and
replaced with other currencies (yuan, euro,
khaleeji, gold, rand, etc...). The US, with
its $71 foreign reserves, will not be able
to do anything to counteract this mass
exodus from the dollar. With outflows of
this magnitude, the dollar's value will
collapse to a fraction of where it is now.
The dollar's value will plunge
as
investors see the writing on the wall and
jump ship.
US credit markets will collapse.
As the dollar fall, a mass exodus from
credit market will begin. Investors sitting
on toxic securities will sell at firesale
prices to escape the currency depreciation.
The fed's balance sheet will explode
beyond all reason. In response to the
mass exodus from credit markets, the fed
will buy trillions worth debt in a desperate
attempt to hold interest rates down.
Unfortunately, the more debt the fed buys,
the more quickly the dollar will fall, and
the more panicked the credit selloff will
become. US interest rates will soar, despite (or because of) the fed's efforts. World politics will be greatly
altered. There will be considerable anger
at the US from nations hurt by dollar's fall. The US will lose influence to Asia
(mainly China). US retailers will get crushed.
As the dollar falls, the cost of imports for retailers will increase, but the
American consumer will be unable to afford to these higher prices. Competition
between desperate retailers will force them the sell inventory at below cost,
creating massive losses. Retailers most heavily dependent on imports (ie:
Wal-Mart) will be the first to go under. Eventually as more and more retailers
go bankrupt, the few survivors will be able to raise prices enough to cover
costs, and the sector will stabilize at a fraction of its current size. American lifestyles will change
radically. The end of cheap oil, low
interest rates, and deficit spending will mean a lower quality of life and
higher taxes. The price of gold
and other precious metals will explode. US will experience hyperinflation.
|
|