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Business/Finance See other Business/Finance Articles Title: Guess Who’s About To Go Bankrupt in America… "This is what I'm doing to protect my family and my finances - I recommend you do the same." Dear Fellow American, Do you believe America's financial problems from 2008 have been fixed? Do you think we'll have another banking crisis in the next few years, or a problem with our currency? If you are concerned about these possibilities, you are not alone. After all: What we are witnessing in America today is unprecedented. Our government has embarked on a gross, out-of-control experiment, expanding the money supply 400% in just six years, and more than doubling our national debt since 2006. It took our nation 216 years to rack up the first $8.5 trillion in debt... then just 8 more years to double that amount. And this is precisely why so many questions about the economy and our future remain. For example... Why has there been very little inflation thus far? How will we possibly pay back all this debt? And of course, perhaps the most important question of all: Why has nothing "bad" happened after our government printed more than $4 trillion new dollars out of thin air and borrowed $9.4 trillion more? Well, as someone who has been investigating this situation closely for years, who has built a $100 million business by capitalizing on expertise in finance and accounting... I am here to tell you with 100% certainty: America is in for some major changes to our economy, our country, and our very way of life over the next five years. The way you live, work, travel, retire, invest... everything is going to change. Some of it in ways most people would never expect. Some time in the next few years, we will experience a "new" crisis of epic proportions. We're going to have a major stock market crash - and it will be worse than the one we experienced seven years ago. We're going to have a currency crisis too - because investors and governments around the world will realize the U.S. dollar is not the safe haven it once was. Sooner than most people think, we'll see the U.S. dollar lose it's "reserve currency" status, and this will make it much harder for our government to borrow money, and have our military stationed in more than 150 countries. As my friend James Rickards (who's a financial lawyer and consultant for the U.S. government) wrote in his book Currency Wars: "If the currency collapses, everything else goes with it... stocks, bonds, commodities, derivatives and other investments are all priced in a nation's currency. If you destroy the currency, you destroy all markets and the nation." We're going to have massive changes to our retirement system and Social Security. We're likely to see huge tax increases and even a "wealth tax," which levies a fee on all your savings and any assets of value. We're going to see all kinds of new laws and rules about what you can do with your money, just like House of Representatives bill H.R. 2847, which went into effect July 1, 2014. This law made it extremely difficult, if not impossible, for the average American to get some of his money out of U.S. dollars, and into more stable currencies via foreign banks. In the months and years to come we're going to see more and more of these "capital controls" placed on our personal savings... We're going to have a massive inflation - when the trillions and trillions of newly printed dollars begin making their way into the economy. We'll also witness major changes to the very fabric of our society. Destroying a nations' money in this manner wrecks businesses, friendships, and families, who simply don't understand and aren't prepared for what will happen. Believe me, I don't take these predictions lightly - and I have no interest in trying to scare you. I'm simply following my research to its logical conclusion. I did the same thing when I was one of the first analysts to accurately predict the collapse of the world's largest mortgage bankers - Fannie Mae and Freddie Mac. I did the same when I dug into the finances of GM and realized this once great American institution would soon go bankrupt as well. I did the same General Growth Properties (the biggest owner of mall property in America). When I first presented my case and exposed the facts about these institutions at economic conferences, people got angry. They couldn't refute my research... but they weren't ready to accept the enormity of the conclusions either. And now, the same financial problems I've been tracking from bank to bank... and from company to company for the last decade have found their way into the U.S. Treasury. The next phase of this crisis will threaten our very way of life. The savings of millions will be wiped out. This disaster will change your business and your work. It will dramatically affect your savings accounts, investments, and retirement. It will change everything about your normal way of life: Where you vacation... where you send your kids or grandkids to school... how and where you shop... the way you protect your family and home. Look... I know many people see the recovered stock market, the rebound in real estate prices, and want to believe everything is "back to normal." But I promise you, nothing is "normal" about what is happening in America today. It is all smoke and mirrors - the result of an out-of-control government experiment with our money supply. After all, how can it be "normal" when... * Roughly 75% of Americans are living paycheck to paycheck, with essentially zero savings, according to a recent study by Bankrate. * The "labor force participation rate" (basically the percentage of able-bodied people who are actually working) has fallen every year since 2007 and is at its lowest level since the 1970s. (Source: The U.S. Bureau of Labor Statistics) * How can things really be "normal" in America, when the number of people on food stamps has basically doubled since Barack Obama took office... and when HALF of all children born today will be on food stamps at some point in their life? Yes, you read that correctly: Roughly 50% of all children born in America today will be on food stamps at some point in their lifetime. Does that sound "normal" to you? * Can our country really be back to "normal" when, according to the most recent numbers from the Census Bureau, an incredible 49% of Americans are receiving benefits from at least one government program EVERY SINGLE month? * Or when 52% of all American workers make less than $30,000 a year? * Can things really be "normal" in America when at one point, a single U.S. government-controlled agency (the Federal Reserve) was purchasing up to 70% of the bonds issued by the U.S. Treasury - simply by creating money out of thin air? * Or when the "too-big-to-fail-banks" that got bailed out in 2007 are actually 37% larger than they were back then? * And how can things be normal when our country's money supply has increased by 400% since 2006 - all just printed out of thin air. Look at this chart below... it should scare the hell out of you... It shows that what has taken place over the past few years with the U.S. dollar is something straight out of Weimar Germany... or the last 20 years in Zimbabwe. Poster Comment: In Weimar Germany, you needed a bushel basket of Deutschmarks to buy a loaf of bread. Post Comment Private Reply Ignore Thread
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