Thursday, May 28, 2009

As the Dollar Slides...Now Is the Time To Make Preparations

As The Dollar Falls Inflation Rises
Posted: May 27 2009

"We hope you are all aware that as the dollar falls inflation rises. That is because we don’t produce much anymore and as the dollar declines the cost of imported goods rises, including oil.

Based on nominal growth over the next ten years the CBO, the Congressional Budget Office, believes that GDP will grow 50%. There is not a chance that will happen. In fact, we could have no growth over that period. Yet, the proposed administration plan is to increase spending 50%. This shows you the desperation and stupidity of what is going on in Washington. Their only plan is to inflate until the system collapses. The robust recovery will only bring our negative GDP down to even as the stimulus package spreads its benefits. That will be some feat with real U6 unemployment at 19.2% to 19.8%. These facts and government projections will sink not only the dollar, but also sink the entire economy. America is looking at deficits of more than $1 trillion a year as far as the eye can see. Doesn’t anyone understand the impact of such borrowing?" What foreigners can be stupid enough to lend to us unless yields are perhaps 15% on treasuries. That means the alternative is massive monetization and wild inflation."

President Obama was quoted on C-Span over the Memorial Day Weekend as saying, in effect, "We are broke"...really? But the way the country and the government are carrying on, it looks as though we have not a care in the world...that is if you are of the working class ilk... had this to say,
"Earlier this month, the U.S. reported the first budget deficit for April in 26 years, with spending exceeding revenue by $20.9 billion, even though that’s the month when taxpayers have to stump up to the Internal Revenue Service and the government’s coffers should be overflowing. So far this fiscal year, the U.S. shortfall is $802.3 billion, more than five times the $153.5 billion gap in the year-earlier period.
Deathly Deficit

For the fiscal year ending Sept. 30, the Congressional Budget Office forecasts a record deficit of $1.75 trillion, almost four times the previous year’s $454.8 billion shortfall and about 13 percent of gross domestic product."

It appears that things are going to get a lot worse before it even has a chance to get better...perhaps, for the survival of you and your family, you need to make physical, non-perishable food, water, first aid, etc...please peruse this site and find very reputable companies that can help supply your need!

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