Why Is Everyone Going Bankrupt?
January 2, 2012 by Bob Livingston
Gradualism tricks the mind. Gradualism removes the shock potential of events, no matter how serious the consequences.
If you saw a dead body on the street, you would be shocked and horrified. If you saw two more dead bodies the next day, you would still be shocked, but somewhat less so. Then, if you began to see new bodies every day, you would eventually pay no attention at all. Gradualism neutralizes the mind and numbs the senses to reality.
The U.S. economy has been in gradual collapse for several months, along with Europe’s and economies of most of the world.
In the United States, it is common knowledge that bankruptcies are widespread and occur daily. Almost 46 million people are now on food stamps. No telling how many really are, as government statistics are totally unreliable.
We are having a debt collapse that will continue until the slate is wiped clean and a new system is put in place. Hopefully, it will be gold-based.
How long will this debt collapse continue? No one knows, but it would already have happened if the United States didn’t have the exclusive ability to print fiat money and force it on the American people and the rest of the world. Nobody else can do this.
Even so, inflation (debasement) of fiat money eventually becomes deflation. With the printing presses wide open, there becomes a serious shortage of cash, like right now. Nobody has enough cash money.
During the Weimar German inflation, the German government took over all newspaper presses in order to speed up production of fiat money. And of course, the money exchange value went to zero with piles of paper money in the streets.
Still, there are many variables that can determine how long a debt-based fiat currency can stay in a state of collapse until the end.
Zimbabwe was printing trillion-dollar notes at the end. The people and the system had to use foreign currencies to survive. But even so, it took 28 years from independence for the former colony of Rhodesia to become an economic basket case.
Of course, money debasement speeds up and becomes exponential in the last months of a regime’s existence. It is happening here in the United States, but gradualism is still a mental block and the people are not sufficiently alarmed to take survival action. This will change, I promise!
All dollar assets are evaporating. Only gold, silver, land and commodities appreciate when fiat money is collapsing.
Fiat money is the rot of our land; but politicians, bankers and government love it. They create it and perpetuate it as long as they can at all costs, because it is a wealth-transfer system to the government from the middle class.
Did you know that the fiat money creators can steal your assets just by printing money? Not one person in a million understands this, but all people should — even schoolchildren. This widespread knowledge would block the chicanery and ongoing fraud.
Don’t forget that bankers can magically make dollars exist in the form of entries in the accounts of borrowers or lenders. No wonder they can and have created “money” to infinity.
It is bad money creating bad debt. It always collapses because it self-destructs.
Seems to me we are awfully close to the last months. In the past three years, the U.S. public debt (printed money) exploded by $5 trillion.
The United States is 244 years old, and more than one-third of the national debt has been created in just the past three years. The dollar price of gold is telegraphing this message to anyone willing to listen.
There is no painless solution. In fact, there is no solution under the present system. Everyone is too greedy. But I believe that the individual person can survive reasonably well by owning a mix of silver and gold coins.
If your funds are limited, buy small coins for barter and, for goodness’ sake, keep them in your possession, not anywhere else.
Have non-perishable food and water stored along with organic garden seeds from www.seedsofchange.com. Be sure to store sea salt, the elixir of life.
You know all the commonsense things to do, like keeping your car in good shape and having some cash on hand. Those who can should get money out of the United States while it is still legal.
Exchange controls will come. The authorities always stop money from leaving the country, but they will always let money in. This means that funds in Switzerland or other countries can be returned to the United States.
And, no, a Swiss annuity does not have to be in the Swiss franc. It can be in other currencies as well. The Swiss deal in almost all currencies. The idea is to get money out of the U.S. dollar and out of the United States.
Now, what I have written, tens of thousands of people know, but only a precious few take action. No shock has to be triggered for alert people to take pre-emptive action. They act because of conviction from their reading and studying, and are not fooled by government propaganda.