Dec 28, 2009
Financial Tornado 2010 - The Day the Dollar Died
Ordinary citizens worked at their jobs, sent their children to school and worried about their grades, maneuvered for promotions and rejoiced when they got them, and generally expected things to get better than the year before, for it was the American Way. You work hard, pay your taxes, live a good life, stay out of trouble with the law and all is well.
2009 ushered in a new President who rode the wave of 'change'. The people wanted less government and transparency. They wanted the politicians to clean up their porkbellied wild spending from the Bush days and they thought the young Obama was their man. Instead, we got a inexperienced idealist who is failing everywhere: foreign policy, domestic initiatives, and most importantly, in forging connections with the American people. The promises of his campaign were lies, he's a phony, knows nothing about economics, and is historically illiterate and woefully small minded for the size of the task. He has enlisted advisors for every aspect of his administration and lets the unelected run the country. He has no clue to the long term effects of having a majority vote for any bill, ignoring the wisdom of those who oppose him and the wishes of the people, the citizens. He closes his first year with false stimulation, with a huge Healthcare bill under his belt and Global Cap and Trade well on it's way, blameing the previous presidents for the state of the economy.
2010 will be the year of change....these changes will take everyone by surprise.
There will be a Run on the U.S. Dollar ....Soon - Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that's not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Foreign countries own over 44% of our debt. The USA is a net debtor to the world.
We have seen the storm brewing for some time now. There are big banks of clouds building on the horizon. Picture a big funnel dropping down out of the clouds. Swirling round and round is WallStreet,the Fed, Banks, Agriculture, Congress, Imports, Exports, Oil, and the US Dollar.
The funnel is swirling and growing everyday, swirling and making a fine whippet of a tail, just about to hit ground. When the Financial Tornado hits, it will zig-zag through every state, county and town. No person will go unharmed.
The tornado hits soil....The Dollar is Dead.
With the currency goes many of the lifetime plans of average citizens, also the American Way.
Most Citizens are taken by surprise by the financial tornado. Those who didn't plan ahead for any type of disaster, natural or otherwise, are suddenly desperate.
The Banks are closed, credit cards and atms are worthless, as are all paper investments:401K's, pensions, savings, stocks, bonds and insurance policies. Citizens will scramble to get rid of their currency on hand, exchanging it for any hard asset that has a seller willing to accept cash, even at a much inflated price. Food will be the most desirable commodity, water will soon follow.
Survivors of the Great Depression and those who 'think' it will be similar, will be shocked at how events turn out this time around.
"People just didn't understand what was happening. All the economic theory they had been taught didn't provide for the phenomenon. There was a feeling of utter dependence on anonymous powers -- almost as a primitive people believed in magic -- that somebody must be in the know, and that this small group of 'somebodies' must be a conspiracy."
"The cities were still there, the houses not yet bombed and in ruins, but the victims were millions of people. They had lost their fortunes, their savings; they were dazed and inflation-shocked and did not understand how it had happened to them and who the foe was who had defeated them. Yet they had lost their self-assurance, their feeling that they themselves could be the masters of their own lives if only they worked hard enough; and lost, too, were the old values of morals, of ethics, of decency."
No Fema or RedCross to the rescue.
Companies, businesses, factories and all manufacturing will close
until they can figure out a way to pay their employees.
No money=No heat, electricity, phone,cable and other infrastructure.
Moms and Dads will do the unthinkable to keep their children fed.
No SS checks for the elderly or Welfare for the poor.
People who had worked a lifetime found that their valuables would not buy one cup of coffee.
The law-abiding citizens will crumbled into petty thievery. Riots and looting, and drastic elimination of the population will occur for both good people and bad.
Gasoline is siphoned from cars until there is no more.
Hospitals and pharmacies will be emptied of all drugs and medicines, patients as well.
Trucking will end and grocery stores will not be restocked.
Farmers will not be able to plant or harvest.
There will be no laws or anyone to enforce the old ones.
Those families who survive the first month, will have received the education of a full combat veteran. America will be a 3rd world country and surviving will only be possible for those willing to adapt. Those who stay morally just and are willing to work harder than they ever have in their lives will survive.
There will be roaming criminals and gangs of lazy entitled people who think their survival is more important than yours. True survivors will walk softly and carry a big stick. Yes, guns will be the only way to protect the haves from the havenots. And the banding together of good people in small protective groups, who will work to protect and survive all dangers presented, will be the norm.
And what happens with the government and the USA? Those officials who are not assassinated or have commited suicide, will have gone into hiding. There will be no one left in Washington to take charge. The World economy will suffer and other countries will soon follow suit. The foreign investors who feel they need to be paid back for their ustreasury bills and other assets, will come calling to take possession. Other countries may see it as a great opportunity to do the same and they will go to war against each other on our soil.
Our troops are stranded in Iraq and Iran. Our military here at home, as well as citizen volunteers, will be commanded by true Patriots and will fight the good fight. The outcome is anyone's guess. If nuclear warheads are never used and foreign intruders are sent packing, recovery of the homeland will be slow.
Survivors will be as the pioneers were and the economy be built by trading and bartering for labor or the products made. Trade fairs and farmers markets will bring in more buyers and sellers. Gold and junk silver coins will be the mobile currency until small town banking can back notes and loans to bring local commerce back. A Free-Market entrepreneurial economy will pave the way for the New Libertarian - one who opposes government intervention, i.e., a defender of Liberty and Constitution.
It will take years, possibly decades before the people slowly allow any formal government to intrude in their lives. When government and taxes are needed for the expansion, the Constitution will be followed. All tax dollars will be held by the States as the new Treasury. The Government will never spend more than what is collected and any Bill that spends tax dollars that effects future generations, will be voted on by the citizens before going to the President for signing.
America will become American again and alot of tuff Patriots will sacrifice everything to make this happen.
Parting thought, as we head into 2010, go prepared people. Do the simple research of what you need to do to get prepared for the worst, it will be the best insurance you can buy. Invest your dollars while they still have value. Have plenty of food and water on hand and get the skills and knowledge to make the right decisions for optimal self sufficiency. Also, follow the wise advice on many great websites, forums and podcasts. Get Ready!