Financial Doom and Gloom?

Not many of us were around when they had the bread riots in Germany in the late 30's...The money was stacked in wheelbarrows to pay grocery bills...



Can that happen again?


Yes, and no doubt it will be us in the hot seat this time...


We have been going down this road for a long, long time...


For over two hundred years the British used their pound as the world currency base...



After WWII the US stepped up to the world financial plate and the almighty US dollar was almighty...



Now due to slipshod financial management in Washington we are at the cliff...


We have been borrowing against the future...We are simply printing money...



Doing that just makes your money worth less and less...

Some foreign countries will not even accept US credit cards now...They DO NOT want to be paid in US greenbacks...

Our own national debt will be about $14 TRILLON this year...

What do we owe China?  Is it seven or seventeen billion? 

Nope, close to $894 billion..Japan is over $700 billion...At that point it is a mute point...


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The financial community needs a new stable world wide base...Me thinks it will no doubt be China...


Europe is having their own fiscal meltdown right now...


But how will all this impact the regular Joe's like you and me?


Not good...

Some ponder that we will loose over twenty to forty percent of our net worth worldwide...

And considering we import almost everything except food stuffs and technical expertise, we are in for a major disaster...

Will there be riots here like in Germany back then?  Yes, I think they can happen...




When folks have no money to purchase food and have no gas to travel to a safe haven they will panic...


Many will take what they want...


Some fiscal wizards project that in order to be safe you should put much of your savings in gold and silver...



Silver is destined to grow at a much better percentage than gold in the near future...

Also, purchase farm land...Two benefits here...You could live off it and after WWII was over the folks who had the huge tracts of farmland retained much of their wealth...Those who had paper money had NOTHING!





Have a gun?  Plenty of food stuffs?


I know this sounds like a Mormon lifestyle roll call, but it really isn't...

Maybe when the dollar ceases to be the globe's standard not much will happen...I hope so...BUT once again me thinks it will lead to great instability here and in countries abroad...

For sure we are headed down an interesting road...

My wish is we had forward thinking candidates to run our country who see this and would discuss this matter at great length...Not sound bites...Positive plans and actions...

Oh well...Maybe I'll just wake up and this will all be a bad dream...

Maybe, but then why are all those vacant houses surrounding me all the time...



Why?