I am not getting enough time these days to write…but I could not resist a comment after June 2011’s Horrific Job report in USA. The U.S. economy added a paltry 18,000 jobs in June, and the unemployment rate climbed back up to 9.2 percent from 9.1 percent as laid off government workers continued to join the ranks of the unemployed. All the experts predicting strong job growth were proved terribly wrong…once again. …Why am I not surprised?
But I am surprised and amused for sure to see all the talking heads (those economists and experts that keep telling us that the economy is getting better) were shocked after the release of this report. CNBC report says “June’s miserable jobs report has put the fear of a double dip recession back into the markets.”
Oh, Really? Did you not know the “real” fundamental status of this “phoney” economy? Do you have any idea where the USA along with many western countries and the entire world economy is heading? All those Harvard educated so-called “experts” and “economists” are dead wrong and absolutely clueless!!! They have no idea about the “Train Wreck” of the future, or if they do, they are not doing efforts to bring it to the common man on the streets. They are either dumb or pretending to be so.
Come down from your ivory towers folks, and try to understand the reality. This economy is broken forever and the path to prosperity goes through complete collapse of the current economic system…which is going to be very painful and utterly shocking to most of the people…The more they extend the system reboot the more it will continue to keep hanging over our heads. At the U.N. Summit at Rio in 1992, the Conference Secretary-General, Maurice Strong, had said “Isn’t the only hope for this planet that the industrialized civilization collapse? Isn’t it our responsibility to bring that about?” As of now people do not understanding what he meant. The fact is “industrialized civilization collapse” is the only solution to the world economy as of now.
Go read why Roman empire collapsed….or google on Russian collapse in recent history…or even better, go read about Zimbabwe hyper inflation story of 2007, if you want to know some possible scenarios for the future of America. The fact of the life is: America’s vaunted middle class – once the envy of the world – is on the verge of being eliminated.
The only cure for this ponzy economy is the crumbling of this pyramid scheme that was built over several decades. There is no other solution…it must collapse and it is going to be painful…very very painful.
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The financial news is just going to keep getting worse. This financial system is simply unsustainable. It is fundamentally unsound. The reality is that financial bubbles cannot keep expanding forever. Eventually they must burst. At some point the dominoes are going to start to fall and the house of cards is going to crash.
Sorry for being so gloomy, but I must read what is written on the wall. I am not an “expert” so I don’t need to lie and also I am not risking my clients money if I am wrong. In fact, I wish I am wrong in all my views mentioned in all my blogs…because that will help me and my family too.
I have written several things in my blogs which do not need any repetition….the only thing I would like to repeat is : The future is going to be about unprecedented global insecurity, upheaval, poverty and social unrest in major parts of the world…nothing like several generations have seen in the past.
Here are some important things you should know and do:
- Stop planning your future based on your pensions, social security or 401K accounts. Most of these will be worth-much-less by the time you receive those…if ever you get those in your hands.
- Try to build your own retirement fund…(tangible assets that will grow in value as paper money goes into the toilet). Never rely on Uncle Sam (or any government for that sake) to pay for your retirement in the future.
- Plan your retirement after the age of 75 from current 65..Most of the people will want to work till 70-75 …if ever they could get jobs and are healthy enough to work.
- Cash up (cash on your hand at home), keep some extra food and water and prepare for the greatest financial debacle in the history. The US either defaults or we face a revolution.
- Be ready to hand over your Gold and Silver to the government (primarily in USA.) This has happened in the past (1933 to 1973) and most likely will happen again .
- Prepare your children for the future.
- Protect yourself and your family while you still can… time is still on your side.
Welcome to the future folks – Keywords for the future are – Poverty, Struggle, Protests, Riots, Uncertainties and Revolutions a la Egypt…in several countries..Uncle Sam will be the leader of the world again!
Prosperity, Growth, Social peace, American dream and Retirement are the words of the past!!! They are gone for not to return…not at least for a decade or two.
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