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I am attempting to verify this now, but I have just been told that the US government has been declared "in default".
Our money supply has doubled in the last year, which means that a US dollar is only worth half of what it was last year. This is why the price of gold, in US dollars, has doubled.
It gets worse. Obama and his sympathizers have extended the national debt limit to 13.2 trillion dollars. Our GNP is only one trillion. How much interest will we pay on 13.2 trillion dollars? We can't even make the interest payments anymore. China has pulled out of Copenhagen. We have pledged 100 billion dollars. Where are we going to borrow it?
True to his word, Obama is having the coal mines in the largest coal-producing states shut down. Most of them, especially Ohio and Tennessee, will be bankrupted, and end up like Michigan. Tennessee had tobacco and coal. Now they will have nothing. One thing I can say about Obama is that he keeps his promises. He promised to trash our economy and turn us into a Communist state, and that is exactly what he is doing. He was honest about everything that we was going to do before the election, and people voted for him anyway. I just don't understand it. The states are preparing to round up for an article 5 action again. If this happens, your paper money, bank accounts, and retirement plans will probably be worth nothing. Social security and medicare/medicaid are already worth nothing. They're shoveling borrowed dollars into it.
The state of Arizona is planning on issuing IOUs as tax refunds and paychecks to state employees. When was the last time that happened?
What can you do? Put your money into gold, silver, "lead", stabilized gasoline or avgas, and storable groceries. Buy a small amount of gold or silver every now and then, but pay cash, and don't sign anything or give them your name. The only reason they would ask for that information is that somebody is coming to take it back from you. Don't let anybody know how much of what you have, or where you keep it. We're all probably too young to remember, but the government went door-to-door and confiscated gold after the Depression. The next election, if it happens, will be critical to the future of the United States. Do your research and vote carefully.
I know that nobody is going to listen to me until it's too late, so all I can suggest is that you research these economic issues on your own.
-denise
Our money supply has doubled in the last year, which means that a US dollar is only worth half of what it was last year. This is why the price of gold, in US dollars, has doubled.
It gets worse. Obama and his sympathizers have extended the national debt limit to 13.2 trillion dollars. Our GNP is only one trillion. How much interest will we pay on 13.2 trillion dollars? We can't even make the interest payments anymore. China has pulled out of Copenhagen. We have pledged 100 billion dollars. Where are we going to borrow it?
True to his word, Obama is having the coal mines in the largest coal-producing states shut down. Most of them, especially Ohio and Tennessee, will be bankrupted, and end up like Michigan. Tennessee had tobacco and coal. Now they will have nothing. One thing I can say about Obama is that he keeps his promises. He promised to trash our economy and turn us into a Communist state, and that is exactly what he is doing. He was honest about everything that we was going to do before the election, and people voted for him anyway. I just don't understand it. The states are preparing to round up for an article 5 action again. If this happens, your paper money, bank accounts, and retirement plans will probably be worth nothing. Social security and medicare/medicaid are already worth nothing. They're shoveling borrowed dollars into it.
The state of Arizona is planning on issuing IOUs as tax refunds and paychecks to state employees. When was the last time that happened?
What can you do? Put your money into gold, silver, "lead", stabilized gasoline or avgas, and storable groceries. Buy a small amount of gold or silver every now and then, but pay cash, and don't sign anything or give them your name. The only reason they would ask for that information is that somebody is coming to take it back from you. Don't let anybody know how much of what you have, or where you keep it. We're all probably too young to remember, but the government went door-to-door and confiscated gold after the Depression. The next election, if it happens, will be critical to the future of the United States. Do your research and vote carefully.
I know that nobody is going to listen to me until it's too late, so all I can suggest is that you research these economic issues on your own.
-denise
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