The American empire is going to fall..but we DO NOT have to fall with it. Titanic is going to sink and there are some people that will not believe it until they are under water. Many societies have collapsed in the past. Few saw it coming. Fewer still were prepared for that ugly day when the collapse happened.
Our world is on the verge of being shaken up, and most of the people are in denial about how serious the consequences can be. There is no longer a question of IF it will happen but only WHEN and HOW…and the world lives in blissful ignorance of this.
There have been many years of conventional wisdom that the US Debt and the US dollar don’t matter. They do! All debts do matter and all debts get paid all the times. There is no such thing as an “unpaid” debt. It is paid either by the buyer or the seller. Unfortunately, in case of Governments it is always the buyer that pays the debt in the end. Adams Smith warned in a book ‘Wealth of Nations’ in 1976 that no Govt has ever paid back its debt and stopped borrowing ever! This has been the course of public debt since the first default in 1788 BC (notice the two characters ‘BC’). Governments will continue to apply the only remedy they know to fix the financial problems, which is issuing debt that will never ever be repaid with normal money. Every Govt has defaulted in the history of the mankind. Why should it be different this time around?
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Entire US financial system is broken and there is no entity in the world that can bailout USA. Including USA many western sovereign states are bankrupt too. Let us be very clear, this financial Shangri-La of Debt is now coming to an end. There will be a day of reckoning when America will be facing the music soon. The 300 million American citizens will pay this debt. We are going to pay this debt by getting impoverished. When it happens, in its most basic form, we will not be able to fulfill our most basic needs: security, shelter and easy access to cheap food. Unfortunately, the US is more likely to see hyperinflation, rather than a mere reduction in our standard of living. Currency destruction would decimate the middle-class in America.
Change in inevitable. Empires rise only to inevitably to fall, circumstance change but results do not. This truth has illustrated time and again. Every great empire, no matter how powerful, eventually falls. In every instance wise men have predicted the empire’s end. But their dire warnings went unheeded. Is it possible in modern time this may be happening close to home? Could America be headed for catastrophe? There are many of us who believe that a collapse is not only possible…but that is already begun…..If food goes away, the people starve, when people starve they die…and that process has already begun.
The universe will WITHOUT REMORSE, coldly it might seem, but with the beauty that is a natural law, will let us go extinct…Watch this one and half hour video from the History Channel – The Collapse has already begun
So what do we do? How can we be prepared?
There is nothing you can do to stop what is coming. The only thing you can do it to take steps to protect yourself and your family. Help prepare all members of your family for the deflationary or hyper-inflationary trend that is now unfolding.
Holding physical gold and silver will be absolutely critical to financial survival. Throughout history gold has protected people against various calamities. I anticipate that as a consequence of accelerated money printing, all paper currencies will fall precipitously against gold in the next few years. Therefore all paper money should be avoided and especially the Dollar, Pound and Euro by buying Gold and Silver.
“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves” – Norm Franz, Money and Wealth in the New Millenium
I anticipate that the Gold price will reach anywhere between $ 5,000 and $ 10,000 in the next few years. Silver will perform even better than Gold. I will not be surprised to see Silver increase 10 times in prices from here (silver is at $30/ounce as in Feb 2011). I believe this is our last chance to get into Gold and Silver at these prices. Falling of Gold and silver prices should be considered as the God sent opportunity.
There are only two choices:
- Those who buy Gold, Silver and the tangible assets today will protect their wealth in the future. (Note the word ‘Protect’ and not ‘Grow’). There is not going to be any prosperity in the near future (of few decades) at least not in our life times.
- Those who buy and store paper money will be ruined.
There is too much to share on this topic, for now the following links will give the information where we are heading as a society.
Some interesting stories from the internet
Planning Your Escape from America
The story says: “It’s time to move your cash and assets to offshore safety, and out of the dying dollar. Millions of Americans are leaving (or planning to leave) the country. According to Zogby Research, a massive and silent migration is underway. Families are packing their bags…and deciding to go offshore at the rate of 54-per minute! (Some seeking a full-time residence… others a part-time tropical vacation home where they can live like royalty for $20,000 a year.) Read more at: Why Every American Should Be Outraged Planning Your Escape from America”
What Do the Chinese Know That We Don’t
What do the Chinese know that we don’t? According to my favorite newspaper, the Financial Times, the Chinese people are buying gold like there’s no tomorrow. According to the Times, “Precious metals traders in London and Hong Kong said on Wednesday they were stunned by the strength of Chinese buying in the last month. The demand is unbelievable. The size of the orders is enormous. . . . . Official data shows China importing 209 tonnes of gold during the first ten months of last year: vs. 333 tonnes for India the entire year. . . . Traders say China will overtake India as the largest consumer of gold this year.” Russell Comment – China and India, between them, have a combined population of 2.6 billion people or near one half of the planet’s entire population….What Do the Chinese Know That We Don’t
Ignoring real estate, most people invest their hard earned money in paper things. Stocks, bonds, annuities, insurance – it’s all paper, and it sits nicely in our bank accounts and shows up on our computer screens. Halfway across the world, investors in China and India have never trusted paper investments as a store of value – and they’re converting their hard earned paper money into gold and silver bullion. Not that this is anything new. It isn’t. But the scale and speed with which they are accumulating precious metals IS new, and it’s driving the fundamentals that we believe will lead to higher prices in 2011. Demand for the metals is literally exploding in Asia, and it’s creating shortages of physical bullion around the world. Gold Tsunami
The tipping Point: Forecasting the World
The purpose of these reports it to broden the understanding that it so vital to our survival. government cannot save us, and will only assist the very economic disaster we face. This is sovereign Debt Crisis that threatens our core survival….What you see in Greece and in the States, we have run out of other people’s money….The tipping Point
The writing on the Wall: IMF Report Calls for Replacing U.S. Dollar
IMF increases calls for alternative to U.S. Dollar… A new report issued by the IMF on Thursday is calling for Special Drawing Rights (SDR’s) as a potential, yet viable, replacement of the U.S. Dollar’s role as the global reserve currency. The report promotes the use of SDR’s as a way to correct global imbalances and to shore up the global financial system…The writing on the Wall: IMF Report Calls for Replacing U.S. Dollar
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