May 16, 2011 by Bob Livingston
Over the past several months, we have seen rioting in some Arab and European countries. The riots were sparked by the high costs of food, government austerity measures and government oppression.
We have some of the same dynamic going on in the United States. But through a system of bribery, the U.S. government has succeeded, at least temporarily, in preventing Americans from rioting in the streets.
The number of Americans now on food stamps is 44,082,324 as of December 2010, up 13.1 percent from a year ago. This is more than 14 percent of the U.S. population. Unemployment is at 9 percent, and President Barack Obama and Congress have extended unemployment benefits to 99 weeks.
The Dow Jones Industrial Average stands at about 12,700. It first hit this mark in late 2007 — more than four years ago. Of course, because of the bursting of the housing bubble, the Dow could be much worse. It dropped to 7,063 in December of 2008. But the political elites threw money at the Dow in order to prop it up, to give America a sense that things were alright. After all, a rising Dow means prosperity… right?
But Americans are too busy and distracted playing with their iPad 2s and gossiping on Twitter about Charlie Sheen’s rants to have any time to protest in Washington, D.C.
As a result of QE2, the Federal Reserve is now “buying” 70 percent of U.S. Treasuries. You can believe it or not as you wish, but the U.S. government is in a state of collapse.
Precious few are prepared. You are warned: We have alerted you for many months. Now this is a flashing red alert.
Please remember that in the coming inflation, food stamps and all U.S. entitlement programs will come to a complete halt.
For those millions on Social Security and/or other entitlements, I do not believe that these will be stopped or cut per se. But the same effect would come about through inflation of the currency. My friends, you will get your money, but it will be so worthless that it won’t buy anything.
So what’s new? We have experienced this for years.
We have warned for years to buy silver and gold and store food and water. Ha, doesn’t sound so way out now, does it?
Please keep your gold and silver and food in your personal possession. It amazes me how quickly people will trust someone else with their gold and silver. Don’t do it!
Is it too late to buy gold and silver? The answer is “No, no and no!” As the Fed destroys the U.S. dollar, you will look back at how cheap gold and silver are now.
Stocks? Yes, gold and silver stocks and energy stocks — concentrate mostly on oil stocks.
Buying gold and silver and oil stocks and storing food and water are the only ways Americans can survive the chaos we are now in.
You ain’t seen nothing yet. Be alert!!
Should you sell your gold and silver as it corrects down? Never! If you do, you will be painfully sorry. Do you think you are smart enough to sell and buy back in at a lower price?
You aren’t; you will lose your shirt. Stay with the trend. This guarantees your bull-market position all the way to the top.
What will happen at the top? Stay with us, as we stay in tune with the markets.
Be reminded that gold and silver and food will outrun the collapse of the dollar. If the U.S. dollar goes, as it surely will, you can begin bartering with your most valuable assets.
Some suggest that a new dollar will appear, backed by silver or gold. I don’t know, but I expect that or some quasi-gold monetary system. (Steve Forbes predicted last week that the U.S. would return to the gold standard within five years.)
Are the U.S. government and Federal Reserve system collapsing? I can easily answer that with this question: Is the U.S. dollar collapsing? A currency that is being depreciated or inflated is, by all definitions, collapsing. This fact has nothing to do with whether we believe it.
Can it be stopped short of collapse? If stopped now, it would cause a collapse even sooner. What do we mean? We mean we have passed the point of no return. Too much fraud and too much debt exist in the U.S. They must be washed away.
What currencies will be left standing? We believe the Swiss franc and the Canadian dollar, but these will have to return to gold backing finally.
Keep in mind that most of the American people are totally oblivious to what you read here at Personal Liberty Digest™. Life in the near future will be very, very hard for them.
How long do we have? It appears to me that we are very close to economic and social collapse. But times can yet wobble along for months or even a few years. It is certain things will get visibly worse in many ways, especially now that the endgame is here.
One of the prominent events of the endgame is more war. The U.S. has wars going on in Afghanistan, Iraq and Libya, the later begun under the pretext of humanitarianism and to end the oppression of the Libyan people. Another war, this time with Pakistan, is brewing following America’s incursion into that country to execute Osama bin Laden. We are firing missiles at suspected terrorists in Yemen.
It is all a pretext to hide the collapse of the American empire, along with a desperation to control the world’s oil. It proves the foxes are still in charge of the henhouse, and the henhouse is on fire!