Stimulus to Stimulate Collapse of Currency
February 23, 2009 by Bob Livingston
The Federal Government is proposing an $787 billion economic stimulus plan to energize the economy, but will pumping that money into the economy stimulate anything other than the speed at which currency collapses? The simple answer is no.
The only way for true economic growth is by the transfer of services, goods or wealth between people (or businesses) who actually produce something. In other words, if someone provides a service and gets gold or silver (actual wealth) or widgets for compensation, both the service provider and widget maker has benefited and each has something that has bettered his standard of living.
If the one who performed the service uses the widgets to acquire trinkets which help him to perform his service, then the service performer has benefited. The trinket maker has also benefited, and can put the widgets to use. This sort of transfer has worked from the beginning of time, when the farmer took his produce to market where it was sold or bartered in exchange for wealth, tools, supplies and seeds so he could begin producing food for next year.
But the Fed produces nothing but more paper money, and it takes from the producers. Therefore, its only solution for the collapsing financial system is to steal wealth from the producers of goods and services through taxation and provide more and more fiat money and credit. This can only mean final and complete collapse of the U.S. dollar. Everyone should be aware of this and move as much as possible out of the dollar.
A second and primary concern of the Fed is their control of public perceptions. They must keep the crowd quiet. They positively do not want a panic and run on the banks. The very last thing central banks want is transparency. The vested interest (the paper money crowd) will color the news more and more.
Historically, the propensity of governments is to debase the currency. Americans now know what a sector collapse looks like. This chaos will continue for some time as businesses continue to cut back on inventories, production and numbers of employees or die altogether.
This should cause alert people to see the urgent need to move quickly to protect what they have.
Yes, I can easily believe that the crowd is still asleep but you readers are not.
Up-to-date Emergency Recommendations:
- Have some cash at home.
- Have some 1 oz. gold coins at home.
- Take delivery of long-term holding stock certificates if you have them. They are not tied to any broker. Your dividends will come straight to you.
- Have some silver coins at home.
- All major companies like GE and GM and the big banks are major derivative dealers. In these times small banks and small brokers may be safer.
- Avoid internet financial services, i.e. brokers and banks and be careful how you use the internet. The government is snooping and thieves are watching. Better to use fax or mail. This may not be private either, but better. Use the phone for travel plans.
- Consider a Swiss annuity denominated in Swiss francs. Call 1-800-331-0996 and give your name and address for more information.
- Buy oil, energy, uranium, and commodity related assets/stocks, including gold and silver stocks.
- Store gold coins in the Perth Mint if you have the funds. Get details on the web at www.perthmint.com.
- As always have basic food and water stored at home.
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