Financial Collapse

I, along with a number of other writers are looking for a financial collapse. While most of the other writers are financial experts, I am not. I just know certain signs and believe I can see what is coming. A couple of days ago I wrote about this on my other blog and what I am going to write here is very similar. My other blog for those of you unfamiliar with it is a survival blog. I wrote about the financial collapse to get my readers ready for my upcoming survival article on the same subject. I will be telling my readers what I am going to be doing for my survival and what I feel everyone should be doing. Those of you who read this may want to check out my next survival blog.

This country is fourteen trillion dollars in debt and continues to spend like a drunken sailor. Have any of you ever heard of anyone getting out of debt by borrowing more money? It cannot be done and yet this country just keeps borrowing more and more. George W. Bush was not the greatest president we ever had and he started this rapid slide into oblivion. However, Bush was a piker when it comes to spending money we do not have. Our pretendsident BO has spent more and added more to the national debt in two years than Bush did in four or possibly even all eight years he was in office.

We currently have a Marxist that is either a Muslim or at least is a Muslim sympathiser trying to change this country into something it was never meant to be. This man, who I believe does not ever have the right to be sitting where he is, states that he is going to change this country. What he is trying to change it into should scare the sock off of everyone with a half a brain. With the national debt being at fourteen trillion he continues to borrow money from China to push programs that do not work. You cannot afford to borrow money and give it away to your crony friends and expect the country to continue to function.

After all of the bailouts, many of the companies that were bailed out are no better off than the were prior to the bailouts. Fannie and Freddie are still in business and some analysts feel that they will have sucked a trillion dollars of bailout money before it is over. Where is this money going to come from? It is going to come from China of course. All of the banks and other companies that were bailed out, and this includes the companies that were taken over by the government, still owe the taxpayers billions of dollars. GM which was taken over by the government and the unions says they have paid some of the money back. That was only a portion of what they were given and they paid it back from the funds they were given, not from profit.

The chairman of the Federal Reserve Bank (which is not a department of the federal government, has no reserves and is not technically a bank) says that it will take another five years for the economy to recover. Unemployment is still over nine percent, the longest time of over nine percent unemployment since the great depression. The Fed is now going to print more money to try to jump start the economy. This is their second try and I do not believe it will work either. All it will do is cheapen the American dollar and cause hyper-inflation.

The reason America has gotten by as well as we have is that the dollar is the world's trade currency. We have the cheapest gasoline in the industrialized world. While we are paying three dollars a gallon, the rest of the countries are paying four to eight dollars per gallon. The reason for that is that if Canada or any other country wants to buy oil from the Arabs, they first have to buy dollars and then pay for the oil in dollars. Were this ever to change, America would be in deep trouble. And the time may be coming sooner than many would think. There was a meeting between a number of world industrial powers on just that subject. They were trying to come up with a different currency to use. Some of them; China and Japan and China and Russia are going to trade using their own currency, bypassing the dollar. The world bank has suggested a new form of money be created expressly for world trade. China, the largest holder of dollars is divesting itself of dollars at a rapid rate. Many countries that just a couple of years ago would accept dollars from tourists will no longer do so. Businesses in Texas are accepting Pesos as payment and on the east coast many businesses are accepting Euros. There are also a number of areas in the U.S. where they are printing their own money and using it for trade. This is perfectly legal, it has never been done before because the dollar was considered sound. Now that dollar is almost worthless and with the Fed printing more and more money, it is becoming even more worthless. Us paper currency does not have to be accepted for payment of goods and services. Many people do not know this and the government does not want them to know about it.

When the dollar loses its status as the world's currency, you can expect hyper-inflation and once that comes you will also see the government having to cut back and things like Social Security, welfare, unemployment and all other "entitlements". This will cause riots and anarchy such as has never been seen in this country. It will also undoubtedly cause martial law to be instituted. This in my mind is just what the fasciunists want. Our pretendsident wants this country to become a socialist country with him as dictator. He already runs the presidency as if he were a dictator with all of his czars and recess appointments, along with all of the regulations he and his cronies pass. The EPA, FCC and other agencies are ruling our land by regulations that the congress never voted on. They are running wild and are running our country into the ground, and I believe it is on purpose, to bring the country to the communism that they believe in.

I will probably have more on this subject soon, but for now go to my survival blog and read what I wrote on Jan. 5th or 6th. And you also will want to go there to read what I am doing to survive what I see coming. Link to that blog is:

http://www.sasl.blogspot.com