The American Dream is Dead

[CPA2]

Thanks for you compliment. I was converted by God also and your testimony reminds me of how much God loves you and I and everyone else. Thank you so much. Albert Nygren

I once tried to approach the concept of God from an intellectual viewpoint. All I got for my effort was confusion and more questions. Once I opened my heart to God things changed. I literally became a child of God.

Like a child, I trust God Our Father. God never reveals everything to me at once, but God gives me the wisdom to discern little things one day at a time. I have learned to trust God. I also have a deep abiding sense of PEACE and JOY. Notice the joy in small children. Where is our joy?

I found the people I met in India to be very spiritual. We would stay up to the wee hours of the morning discussing religion. They commented on my countenance of peace. I told them that I am not responsible for the peace that I feel. God gave it to me.

When I went on a pilgrimage to Medjugore, a small village in southern Bosnia, uncontrollable tears would stream down my face for no apparent reason. I could not explain why this was happening to me. It wasn’t until I returned to the States that I came to understand that I was experiencing God’s love for me. To put an exclamation point to my experience in Medjugore, I watched the sun “pulsate” for about 10 minutes. If I tried that stunt today the sun would burn the retina in my eyes!

Open your heart to God. God’s love is there for you and all of us. God is real. He is not just an intellectual concept like I once believed.

 

[Sawl]

This is a good article I believe:

ricksteves.com/about/pressroom/activism/eurodream.htm

From the article:

The American Dream is the creed of the rugged individualist — a belief that anyone who works hard can succeed. It started as an egalitarian ideal that balanced the opportunity to better oneself economically with a guarantee of certain basic human rights.

If this was observed for every American no matter what; the American dream would be perfect.

 

[Black_Rose]

This is a good article I believe:

ricksteves.com/about/pressroom/activism/eurodream.htm

From the article:

If this was observed for every American no matter what; the American dream would be perfect.

Meanwhile, Europe’s vision of the future emphasizes community, cultural diversity, and quality of life. While America values hard work, property ownership, and a unilateral foreign policy, Europe champions fun and free time, human rights, and multilateralism.

I do not buy that Europeans embrace “cultural diversity” although the “technocrats” at Brussels do, but the masses do not see diversity as a good thing and want immigration to be staunched. They want to preserve their cultural and national identity, yet retain the munificent welfare state.

 

[Black_Rose]

If you do not believe what I have posted about bonds, then you should buy some 20 year Treasury bonds. These bonds are backed by the full faith and credit of the United States government (your faith in the Democrat politicians). Good Luck!

This is what others are saying: “Congress and the President only know how to spend. The only thing that will stop them is to vote them out of office.” “It is only a matter of time until the government as we know it is the next big bubble to burst leaving the U.S.A. little more than a Third World country.”

I made a few posts sympathetic to a more “socialist” style of government here. I do not see how these posts can be construed as me giving personal assent to Democratic Party policies. Furthermore, my posts in this thread imply that I believe it is likely that long-term interest rates would fall (and high-duration government debt prices would rise) in the medium term. These views are independent of my political and moral views since a libertarian can also legitimate believe in the futility of the Federal Reserve to cause inflation (for example the popular blogger Michael Shedlock) resulting in years of deflation, economic stagnation, and limited borrowing, putting downward pressure on interest rates. Nowhere in my posts imply that holding government debt to maturity is a good idea; just that it might be a good idea to buy government debt (or a relative derivative such as Treasury bond futures) to profit from an anticipated drop in interest rates. It is also relative popular to be bearish on US Treasuries and talk about a putative “treasury bubble” is quite common on Seeking Alpha and MarketWatch comment section; it seems that buying government debt might be profitably contrarian.

(My use of the words “might” and “believe” means that these are tentative, possibly a flawed view about the direction of the price of a security, not a statement of knowledge about their future prices. )

As for me, I do not have much money to speculate (not invest) on government debt on the long or short side.

 

[CPA2]

Risk #1. “Improper payments by the federal government continue to increase despite the Improper Payments Information Act of 2002.”

The government pays hard dollars to recipients who are not eligible for payment. It pays for services that were never received. It pays full price for services normally sold at a discount. And it pays twice or more for the same services rendered only once.

Trivial errors? Not quite.

In fiscal 2009 alone, the government estimates that it made improper payments of $98.7 billion or about 5 percent of the total $1.9 trillion in related expenses.

That was nearly DOUBLE the improper outlays of just two years earlier ($49 billion) despite legislation aimed at reducing this problem.

If a business corporation was consistently making these egregious blunders, most lenders wouldn’t touch it with a ten-foot pole. But Uncle Sam continues to do it with impunity.

Risk #2. “Material weakness from ineffective internal controls over financial reporting that resulted in a disclaimer of opinion by the Government Accountability Office.”

If you’re running a public corporation and your auditor refuses to certify your financial statements, you’ve got big trouble. Unless you can promptly correct the problem, you won’t be able to raise money. And it may soon be next to impossible to stay in business.

Yet, shockingly, the U.S. government has failed its audit 13 years in a row. And as Grant points out, in 2009 alone, independent auditors found 38 material weaknesses in 24 agencies they audited.

Risk #3. “The dollar may not continue to enjoy reserve currency status and may decline in the future.”

Ironically, this risk is both the most obvious and the most widely ignored.

Treasury bonds are denominated in dollars. But no one — certainly not the U.S. government — can guarantee that the dollar will continue to hold its value or even that it will retain its status as a world currency.

If the U.S. dollar falls, so does the underlying value of U.S. Treasury bonds.

Risk #4. “The Federal Reserve, as part of its response to the financial crisis, may be exposed to significant credit risk.”

The Federal Reserve System has taken on large credit risks with its extension of credit to American International Group (AIG), its massive purchases of mortgage-backed securities and other expensive efforts.

In this respect, the Fed, is not very different from large commercial banks that got into trouble in the financial crisis: It is severely undercapitalized — with just 2.3 cents in capital for every dollar of debt on its books.

Worse, the Federal Reserve Bank of New York, the branch actually holding the high-risk assets, has only 1.4 cents in capital per dollar of debt. And that assumes the securities that it inherited from AIG are worth what the Fed’s models say they’re worth. In reality, especially given the poor liquidity of those toxic assets, they would probably fetch a lot less if sold on the market.

Any significant losses in their portfolio holdings, argues Grant, could leave the New York Reserve Bank with its capital impaired.

Martin Weiss

 

[CPA2]

Investors everywhere are waking up to their leaders as being nothing more than emperors with no clothes. Reckless spenders with not a single clue of what they’re doing and full of false hopes.

Riots are breaking out in Greece, Portugal, and Ireland. Greece, despite any bailouts, is flat broke. So is Italy. Spain. And the U.S.A.

At the same time, Bernanke is continuing to ramp up the digital printing presses clearly concerned, that no matter how low he keeps short-term interest rates, it may not be enough to sustain the U.S. — or the global economy for that matter — on life support.

As you read this right now, more funny money, more unbacked pieces of paper that float around the world as a bunch of IOUs are flooding the system.

Phase Two of the Dollar Devaluation
I’ve Been Telling You About Is Here

That’s largely why you’re seeing almost all tangible assets, natural resources, starting to soar again.

It’s why gold is now hovering at $1,160 an ounce … ready to begin its ascent to at least $1,300 … then to $1,500 … and then, to my minimum target of $2,300 an ounce.

I want to show you something else about debt, the dollar, and gold right now. Positive proof that basically, the bigger the debts, the weaker the dollar, and naturally, the higher the price of gold goes.

Consider the following …

In 1947, the official national debt was $247 billion. Each U.S. dollar was worth 1/35th of an ounce of gold.

In 1973, the official national debt was $469 billion. It then took $43.25 to buy an ounce of gold. Or put another way, the dollar was worth 1/43.25th of an ounce of gold.

In 1980, the national debt was $930 billion. The price of gold reached $850 an ounce. In other words, the dollar was worth 1/850th of an ounce of gold.

Today, our official national debt is a whopping $12.78 trillion. That’s …

Thirteen times greater than it was in 1980.

Twenty-seven times larger than our 1973 national debt.

And nearly FIFTY-TWO TIMES larger than our national debt in 1947.
So simple math tells you the following …

If gold were to match the growth in national debt since 1947, it would have to trade at $1,820 an ounce (gold’s price of $35 in 1947 times 52 = $1,820)

If gold were to match the growth in national debt since 1980, it would have to trade at $11,050 an ounce (gold’s price of $850 in 1980 times 13 = $11,050)

It’s hardly surprising when you look at those numbers that gold has much more to go on the upside. Even more so when you consider that the debt figures above do not include another approximately $122 trillion of unfunded liabilities.

All along I’ve been warning you that a dollar devaluation is part of Bernanke’s grand strategy, his secret debt solution to the mountain of patently unpayable debts that we have in this country.

My view: We are now in Phase Two of the Dollar Devaluation.

Hence, I consider it absolutely essential that all subscribers make sure they have some gold!

You can buy gold via the SPDR Gold Trust ETF (GLD) … and a nice mix of gold miners through a mutual fund such as U.S. Global Investors World Precious Minerals Fund (UNWPX).

Larry Edelson

 

[Albert_Nygren]

It seems to me that one of the things that is not being talked about is Government control. Control of the people is what Communism and Socialism is all about. The people at the top always tell you something else; like the goal is “fairness” or “social justice”, but those words are lies to talk the people into accepting more government control, which is a loss of Liberty.

Someone in Obama’s leadership team said that, “a catastrophe is too valuable to waste.” The catastrophe of the collapse of mortgage bankers and loan companies was the excuse to increase government control over banking and the auto industry. The problem of 20 million people uninsured was the reason for Obama to take over the health care industry.

Obama knows that the fact that he is spending trillions of dollars we don’t have will cause serious inflation and make the job situation worse; but that will be his excuse to increase government control (Obama control) even more over the people. Someone said that the citizens right to own private property was necessary for a people to have Liberty and a Democracy. That is very true. If the government owns everything it has complete control over the people.

Someone else said that the right to private property was still pretty much protected in this country. I disagree with that. One extremely important part of our private property is the wages we make. If the government takes 1/2 or more of our wages in taxes then we have lost our right to private property, especially if they can take our homes for eminent domain for any reason under the sun.

There is a difference between negativity and the truth. When the truth is that Obama is ruining our country and turning it into a socialist state, then we need to know the truth and tell other people that truth so that hopefully we can get that Marxist/Socialist out of office as soon as possible and hopefully take away the Democrat Majority in the elections this fall. And yes, we need the help of God to do that. Please, Our Father, help us to turn our country around and lead us back to doing your will.

 

[CPA2]

According to a new, just-released Pew survey …

A staggering 78% of Americans do not trust Washington — while fully 30% say the federal government is a major threat to their freedom.

83% say Congress is not doing a good job.

A surprising 60% of Democrats do not even have a favorable impression of their Democratically-controlled Congress.

Almost one out every three Republicans thinks the Tea Party represents their values better than the current Republican Party!

According to Pew, the survey depicts “a perfect storm of conditions associated with distrust of government — a dismal economy, an unhappy public, bitter partisan-based backlash, and epic discontent with Congress and elected officials.”

NO WONDER 91% of our survey respondents say they have zero confidence the U.S. government will stop its spending/borrowing/money-printing binge in time to avert financial catastrophe. According to our readers, a massive bond market crash and interest rate explosion is now INEVITABLE!

We agree: The danger of surging interest rates is greater today than at any time in our lifetime. And as always, my team and I are committed to giving you the real, actionable help you need to protect yourself and profit.

Martin Weiss

 

[CPA2]

It seems to me that one of the things that is not being talked about is Government control. Control of the people is what Communism and Socialism is all about. The people at the top always tell you something else; like the goal is “fairness” or “social justice”, but those words are lies to talk the people into accepting more government control, which is a loss of Liberty.

Someone in Obama’s leadership team said that, “a catastrophe is too valuable to waste.” The catastrophe of the collapse of mortgage bankers and loan companies was the excuse to increase government control over banking and the auto industry. The problem of 20 million people uninsured was the reason for Obama to take over the health care industry.

Obama knows that the fact that he is spending trillions of dollars we don’t have will cause serious inflation and make the job situation worse; but that will be his excuse to increase government control (Obama control) even more over the people. Someone said that the citizens right to own private property was necessary for a people to have Liberty and a Democracy. That is very true. If the government owns everything it has complete control over the people.

Someone else said that the right to private property was still pretty much protected in this country. I disagree with that. One extremely important part of our private property is the wages we make. If the government takes 1/2 or more of our wages in taxes then we have lost our right to private property, especially if they can take our homes for eminent domain for any reason under the sun.

There is a difference between negativity and the truth. When the truth is that Obama is ruining our country and turning it into a socialist state, then we need to know the truth and tell other people that truth so that hopefully we can get that Marxist/Socialist out of office as soon as possible and hopefully take away the Democrat Majority in the elections this fall. And yes, we need the help of God to do that. Please, Our Father, help us to turn our country around and lead us back to doing your will.

I could not agree more!

 

[CPA2]

As many Louisianians wonder why their federal government bailed out Wall Street in the first place, the liberals in Washington like President Obama and Charlie Melancon are getting ready to do it again. This time they want to create a permanent bailout for companies who are "too big to fail."

Not only did Melancon vote for the original Wall Street bailout twice, but he also recently voted for President Obama’s $4 trillion permanent Wall Street “emergency” bailout slush fund for the same offenders who helped create this financial mess to begin with.

Now the liberal big spenders in Washington are focused on jamming this bill through the Senate. I strongly opposed every single one of the bailouts and will continue to fight President Obama’s permanent bailout bill in the Senate. Unfortunately, **this bailout bill is much like all the other bailouts the left has successfully passed over my objections. It adds more job-killing regulations that will hurt small businesses in Louisiana who are trying to get credit and create jobs. **

As if more than $700 billion in bailouts wasn’t enough, the latest Obama bailout bill that Melancon voted for creates a $150 billion bailout fund for companies and their creditors who have a lot of risk. This basically gives the irresponsible banks a taxpayer-funded blank check to continue their risky, debt-inducing ways of business.

I will continue to fight against the bailouts and the spend, spend, spend mentality of this Administration.

Louisianians and Americans have raised their voices and made their demands clear: the government needs to remove its tentacles from every facet of American life and focus on stopping the bank failure from happening again – not creating a permanent bailout fund for repeat offenders like Obama and Melancon are pushing.
Sincerely,

David Vitter

 

[CPA2]

Dollar Doomsday 2010

This is your invitation to be among the first to see it: Just turn up your computer speakers and click this link now.

images.moneyandmarkets.com/reports/Event/DD2010/a05086-video.asp?e=A05086&s=mamup

 

[CPA2]

When You Can’t Trust Anyone, Trust Gold!
by Martin Weiss

A few years ago, you
couldn’t trust corporate
America. Now, you can’t
even trust sovereign governments!
Just look at the shenanigans
in Greece. A while ago,
the Mediterranean nation
claimed that its 2009 budget
deficit was 12.9 percent of
GDP (gross domestic product).
But now, it’s apparent
the Greek government went
to extraordinary lengths to
hide the true size of its budget
deficit.
Enter Eurostat, the European
Union’s statistics arm.
It recently said the 12.9 percent
claim was a bunch of
bull. Its own estimate has
now swelled to 13.6 percent
— and upon further investigation,
that number could rise
as high as 14.1 percent!
This isn’t just some idle
debate over meaningless
numbers. Investors are
closely watching every debt
and deficit development in
Greece and all of the other
PIIGS nations. The latest
round of deficit revisions
helped trigger yet another
wave of selling in Greece’s
stock and bond markets.
Greece isn’t alone, either.
Here in the U.S., for instance,
the government refuses to officially
include the liabilities
of Fannie Mae and Freddie
Mac on its balance sheet …
despite the fact that the Treasury
has shoveled $127
billion in aid into the government-
sponsored enterprises
(GSEs) and is now their majority
owner.
We’re not exactly talking
about chump change here.
Together, the two GSEs have
$1.6 trillion of corporate
debt and mortgage obligations
totaling $4.7 trillion!
That compares with an “official”
U.S. public debt load of
about $12.9 trillion. Add in
the tens of trillions of dollars
in future contingent liabilities
tied to Social Security
and Medicare — and you
have a recipe for an epic fiscal
disaster.
**My advice? When you
can’t trust anyone, trust
gold! It’s an asset with intrinsic
value, one that central
banks can’t just print at will.
It’s also a great hedge against
phony government accounting,
rampant money printing,
and rising inflation.**No wonder gold has continued
to rise despite an increase
in the value of the greenback.
And no wonder gold prices
jumped when S&P cut
Greece’s sovereign debt rating
to BB+, or “junk.” **Do you
need any clearer market signal
that investors are losing faith
in governments worldwide? I
sure don’t!**You should be holding
100 shares of SPDR Gold
Trust (GLD), as well as a
core position in gold bullion.
I’m tracking gains of up to 25
percent on GLD and more
than 300 percent on the bullion
position, assuming you
added it when it was first
recommended way back in
1999.
Hold! Or if you’re not yet
on board, buy 100 shares of
GLD at the market and
$5,000 of gold bullion.

 

[Sherry_G]

When you can’t trust anyone, trust GOD! The “American Dream” is just that = a dream. Being attached to material goods is not leading us to heaven. So, forget gold, just trust God and keep following our faith. Odd as it sounds to some, we don’t need a government like the one we are accustomed to here in the good ole’ USA. Jesus lived in a time of occupation, oppression and persecution Himself and that has persisted for most of history throughout the world. We happen to have been born into a pretty good system comparatively speaking, in fact the best the world has ever known. Just trust that God is in charge of our country, our world and each of our lives. He knew each one of us before we were knit in our mothers’ womb. Forms of government will come and go as they have over all these centuries. Salvation is what we must keep in the forefront of our minds. Praise God that He has given us His Son and His Church to guide us.

 

[CPA2]

When you can’t trust anyone, trust GOD! The “American Dream” is just that = a dream. Being attached to material goods is not leading us to heaven. So, forget gold, just trust God and keep following our faith. Odd as it sounds to some, we don’t need a government like the one we are accustomed to here in the good ole’ USA. Jesus lived in a time of occupation, oppression and persecution Himself and that has persisted for most of history throughout the world. We happen to have been born into a pretty good system comparatively speaking, in fact the best the world has ever known. Just trust that God is in charge of our country, our world and each of our lives. He knew each one of us before we were knit in our mothers’ womb. Forms of government will come and go as they have over all these centuries. Salvation is what we must keep in the forefront of our minds. Praise God that He has given us His Son and His Church to guide us.

Mary says that we are more evil than at the time of Noah! I think that all our financial problems in this country started with disobedience of God’s laws. The government and big business now make up their own rules as they go along. I have the promise of God that evil will be destroyed, but first the world, including us, must suffer.

I have always thought that the collapse of the dollar and most of the world’s currencies would come about because of our love of money, instead of love of God. The dollar is an invention of man, not God. Anything that man creates can be destroyed by man.

You are now watching the final destruction of the dollar. Believe it! I have been watching the destruction of the dollar for 40 years. Pray, pray, pray and go to confession and daily communion. This cultural war is a spiritual war. However, the spiritual war also has temporal repercussions. Try to understand macro economics and then do what you must to protect yourself and your family. The government and big business are not your friends.

 

[CPA2]

Dear Friend,

As you may know, I and 15 of my Senate colleagues were working with Sen. Bernie Sanders (I-VT) on an amendment to the Financial Regulations bill that would direct the Comptroller General to complete, before the end of 2010, an audit of the Board of Governors of the Federal Reserve System and of the Federal Reserve banks, followed by a detailed report to Congress.

However, as you may know, Sen. Sanders has backtracked and severely weakened the movement in the U.S. Senate to audit the fed.

Last night, in a back room deal with the help of the Federal Reserve itself, Sen. Sanders reworked his amendment to drop the audit language that Congressman Ron Paul and the rest of us have supported for so long.

Like you, I believe the bailouts and massive spending in Washington have gotten out of control. The Federal Reserve is spending trillions of dollars in taxpayer money with virtually no accountability. The American people deserve to know more.

As soon as I found out that this was happening, I immediately ran to the Senate floor to ensure that the Senate would have an up-or-down vote on the original complete Fed audit language that Congressman Ron Paul was successful at adding to the House Regulatory Reform bill with bipartisan support. A vote on my amendment to have a complete audit of the Fed should happen next week. We must defeat Sen. Sanders’ watered down amendment and pass the true audit.

**Given the dramatic power grab of the Federal Reserve over the last two years, the American people deserve no less than to see who stands with them and who stands with the big banks and foreign governments who owe their livelihood to the Fed. **

We have seen an unprecedented level of spending on federal bailouts and a dramatic increase in our debt, and that is why I opposed the Fannie Mae and Freddie Mac bailout, the $700 billion Wall Street bailout, and the auto industry bailout. In the Senate and on the Senate Banking Committee, I will continue to be an outspoken advocate for taxpayers and fight these widening bailouts. Rest assured that I will continue to demand more accountability and transparency in how our taxpayer dollars are spent.

Sincerely,

David Vitter
U.S. Senator

 

[CPA2]

Dollar Doomsday 2010by Larry Edelson on May 3, 2010 at 8:30 am

If you think that what’s happening to the bankrupt economies of Greece, Portugal, and Spain are merely a sideshow in this great financial crisis, it’s only fair to warn you:

The facts I reveal in this bulletin are shocking … shameful … and, to anyone who cares as much about this nation as I do, deeply disturbing.

If these facts upset you, I apologize — but for the past 32 years, my mission has been to help investors protect themselves and profit in every imaginable investment environment.

I am not about to stop now — because in investing as in life, only the truth will set you free.

Yes, I’m well aware that the revelations I make in this bulletin are almost certain to make me some extremely powerful enemies in Washington. And in China, too! But for that, I am NOT sorry.

Frankly, I’m mad as hell about the shellacking our government has planned for you … for me … and for millions of other honest, hard-working Americans …

And I absolutely refuse to stay silent while good people are stripped of their life savings, investments and even the retirement funds that are due to them — and by our own leaders!

The simple truth is …

The next phase of Bernanke’s Debt Solution is already under way, jointly engineered in Washington and Beijing.

Now, if it’s hard for you to believe that our own leaders have turned on us … that they are intentionally attacking your wealth and financial independence … and that they have already begun executing their plan … I certainly understand …

But please; for your own sake and for your family’s safety … hear me out.

Washington’s Guiltiest Secret

Ask anybody about how much Washington owes and they’re likely to say the national debt is somewhere around $12.8 trillion. But as shocking as it is, that massive number is just a fantasy — a tiny fraction of the gargantuan amount our government really owes.

In fact, our real national debt is nearly TEN TIMES GREATER!

In addition to that official $12.8 trillion national debt, Washington has written $108 trillion in off-budget, unfunded IOUs on Social Security, Medicare, Medicaid, its prescription drug program, its veterans benefits programs and its Federal pension programs that must also be paid.

That’s more than $120 trillion — and that’s not even counting the $1 trillion the new health care bill will cost us … or the trillions in NEW deficits projected over the next 10 years.

The plain truth:

Altogether, our leaders have obligated us … our children … and our children’s children … to pay off an utterly unpayable $127.8 trillion in debt.

Global Investors in U.S. Treasuries
Are Recoiling in Horror

Until recently, we could count on overseas investors to buy our treasuries — effectively loan Washington the money it needs to pay its bills. In fact, foreigners fully fund over HALF of our borrowing addiction, holding $9.7 trillion in U.S. securities — including almost $4.6 trillion in bonds.

Meanwhile, the foreign investors who purchase treasuries — who have loaned Washington the money it needs to stay in business — are horrified at our leaders’ inability to manage the nation’s finances … wondering if we’ll be able to make good on our obligations to them … and starting to snap their wallets shut.

In November 2009, for instance, China — the world’s largest investor in U.S. government debt — became a net SELLER of treasuries.

The very next month — in December 2009 — China sold a whopping $34 billion worth of U.S. government bonds. Others followed suit: Net overseas holdings of short-term treasuries fell by $53 billion.

And in January 2010, foreign net purchases of U.S. Treasury securities plunged a shocking 69.8%. Japan, the second-largest foreign holder of U.S. debt, was also a net seller in January.

In February 2010, Beijing sold yet ANOTHER $11.5 billion of U.S. Treasuries, making that four consecutive months of dumping U.S. bonds.

Why? Because …

Washington’s debts have finally
reached the point of no return:
They are absolutely, positively UNPAYABLE!

We have reached the point of no return. The simple truth, of course, is that Washington will never repay the full $127.8 trillion it owes.

 

[CPA2]

The U.S. dollar:
Not Worth the Paper it’s Printed On

My forecast: This great dollar disaster will continue — with minor short-term pauses and corrections in the decline — for at least the next two to three years.

At the very least, the dollar will sink so low and inflation will soar so high that you will eventually need at least TWICE the income you have now just to survive. A lifestyle that costs you $100,000 per year today will be $200,000 or more.

And, as the dollar dives, if global confidence is totally shattered, it’s likely to get much worse: In 1923 Germany, inflation was so rampant some people fed marks into their stoves, because they burned longer than the amount of wood they could purchase with the worthless paper.

In 1970s Brazil, inflation was so rapid that merchants had to close their stores at mid-day to mark up prices on merchandise.

Whether inflation becomes this severe in the U.S. or not, I am certain it will NOT be limited to our inflation experiences of years past. Those were caused strictly by higher energy prices, soaring wages or shortages in select commodities.

The coming hyperinflation will be triggered by many of those forces PLUSthe death of the dollar as the world’s reserve currency … a collapse in confidence in the U.S. government … and the ensuing stampede of global investors out of the dollar — into things that protect them as the dollar careens into the abyss.

That will affect you in ways most people haven’t even begun to fathom. It will mean …

The purchasing power of your money will collapse like a house of cards.

The prices of the most basic goods and services will soar.

Savers will be left in the dust as the value of their cash implodes.
But for those who truly understand history, the profits could be almost boundless — and found in every corner of the globe!

For those who know what YOU now know … and who take steps immediately to protect their wealth, this great crisis could be a Godsend.

 

[centurionguard]

I’ve always looked at the American Dream a one huge illusion proffered by a flamboyant Media. Deep down the average sane American knows this. Trust me there’s NO Canadian Dream either.

 

[Albert_Nygren]

Dollar Doomsday 2010by Larry Edelson on May 3, 2010 at 8:30 am

If you think that what’s happening to the bankrupt economies of Greece, Portugal, and Spain are merely a sideshow in this great financial crisis, it’s only fair to warn you:

The facts I reveal in this bulletin are shocking … shameful … and, to anyone who cares as much about this nation as I do, deeply disturbing.

If these facts upset you, I apologize — but for the past 32 years, my mission has been to help investors protect themselves and profit in every imaginable investment environment.

I am not about to stop now — because in investing as in life, only the truth will set you free.

Yes, I’m well aware that the revelations I make in this bulletin are almost certain to make me some extremely powerful enemies in Washington. And in China, too! But for that, I am NOT sorry.

Frankly, I’m mad as hell about the shellacking our government has planned for you … for me … and for millions of other honest, hard-working Americans …

And I absolutely refuse to stay silent while good people are stripped of their life savings, investments and even the retirement funds that are due to them — and by our own leaders!

The simple truth is …

The next phase of Bernanke’s Debt Solution is already under way, jointly engineered in Washington and Beijing.

Now, if it’s hard for you to believe that our own leaders have turned on us … that they are intentionally attacking your wealth and financial independence … and that they have already begun executing their plan … I certainly understand …

But please; for your own sake and for your family’s safety … hear me out.

Washington’s Guiltiest Secret

Ask anybody about how much Washington owes and they’re likely to say the national debt is somewhere around $12.8 trillion. But as shocking as it is, that massive number is just a fantasy — a tiny fraction of the gargantuan amount our government really owes.

In fact, our real national debt is nearly TEN TIMES GREATER!

In addition to that official $12.8 trillion national debt, Washington has written $108 trillion in off-budget, unfunded IOUs on Social Security, Medicare, Medicaid, its prescription drug program, its veterans benefits programs and its Federal pension programs that must also be paid.

That’s more than $120 trillion — and that’s not even counting the $1 trillion the new health care bill will cost us … or the trillions in NEW deficits projected over the next 10 years.

The plain truth:

Altogether, our leaders have obligated us … our children … and our children’s children … to pay off an utterly unpayable $127.8 trillion in debt.

Global Investors in U.S. Treasuries
Are Recoiling in Horror

Until recently, we could count on overseas investors to buy our treasuries — effectively loan Washington the money it needs to pay its bills. In fact, foreigners fully fund over HALF of our borrowing addiction, holding $9.7 trillion in U.S. securities — including almost $4.6 trillion in bonds.

Meanwhile, the foreign investors who purchase treasuries — who have loaned Washington the money it needs to stay in business — are horrified at our leaders’ inability to manage the nation’s finances … wondering if we’ll be able to make good on our obligations to them … and starting to snap their wallets shut.

In November 2009, for instance, China — the world’s largest investor in U.S. government debt — became a net SELLER of treasuries.

The very next month — in December 2009 — China sold a whopping $34 billion worth of U.S. government bonds. Others followed suit: Net overseas holdings of short-term treasuries fell by $53 billion.

And in January 2010, foreign net purchases of U.S. Treasury securities plunged a shocking 69.8%. Japan, the second-largest foreign holder of U.S. debt, was also a net seller in January.

In February 2010, Beijing sold yet ANOTHER $11.5 billion of U.S. Treasuries, making that four consecutive months of dumping U.S. bonds.

Why? Because …

Washington’s debts have finally
reached the point of no return:
They are absolutely, positively UNPAYABLE!

We have reached the point of no return. The simple truth, of course, is that Washington will never repay the full $127.8 trillion it owes.

This has been going on for some time but nothing like it is now that Obama is President! We must get him and every Liberal out of the government as soon as possible. They are the ones that are always spending the money that we don’t have.

 

[CPA2]

This has been going on for some time but nothing like it is now that Obama is President! We must get him and every Liberal out of the government as soon as possible. They are the ones that are always spending the money that we don’t have.

You are correct. Isn’t it ironic that these are the same people that vote for abortion. If they cannot get abortion right, they cannot get anything else right. God will use the chastisements, including a man-made total financial collapse, to adjust our attitudes.