Friday, October 16, 2009

Devastating Financial Crisis Facing United States

Many Americans feel very uncomfortable with what is going in Washington. Massive debt with continued out of control spending, federal government over control, threats to our democracy and personal freedoms, questionable legislation being stampeded through Congress, corruption, ACORN, and more. Yet families and personal lives are continuing in a state of relative comfort, there does not appear to be a reason to panic quite yet. This is all about to change.

We are closing in on $12 trillion of debt, with a budget deficit this year alone of close to $1.8 trillion. Over the next 10 years it has been forecasted that we will incur another $9 trillion in debt and beyond. In recent secret deals with the G-20 and the International Monetary Fund (IMF) we are signing over control and the direction of our economy to them, as well as allowing them to discontinue the dollar as the world standard of currency. This will happen suddenly and shockingly before Americans have any say. The value of the dollar will decrease at an alarming rate.

In the very near future, as the dollar collapses and is no longer the standard of currency , when we stop to buy a $1 coffee we will find it will cost us $5. Filling up our gas tank that used to cost $30 will cost us $150. Home energy costs that are already expected to increase by $1600 per family will increase by $8,000. Our trip to the super market for food and other needs that usually ran about $125 a trip, will increase to $750. Everything will not only be significantly more expensive, but sky rocket in cost. This will be devastating to seniors and all people with a fixed income. Life savings that once seemed adequate will no longer be able to support people. Working people will find that their income will not keep pace with sky rocketing costs. There will be a retreat from consumer spending since people simply can't afford it. This will have the impact of further devastating the U.S. economy. Our country will become totally bankrupt and we will not be able to borrow our way out of it. Our own printed money will be valueless. Our country will be at the total mercy of the outside world, we will have no sovereignty.

Only then will people wake up. It will be too late.

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