Folks its 2:34 am in the morning and I just awoke from a dream, I have no time for editing or sentence structure for what I am about to tell you is a revelation. I was lying in bed thinking about all my dreams over the year and even further back and I now see what is coming. I see our currency crashing. A place where dollars are not accepted for anything. A country where there are no food stores, no movie theaters' not anything of what we have known. People scrounging in vacant buildings like in the movie terminator. Folks I remember about 16 years ago when I had a business and was in the midst of a financial crisis I had two options bankrupt my business or bankrupt myself! I thought to my self if I bankrupt my business then I will have no income and hence will have bankrupted myself. If I bankrupt myself and save my business then I can have a cash flow and rebuild eventually clearing up myself.
We are in the same fix in America as I see it. If we continue to spend to save the private sector then we will bankrupt the country hence there will be no private sector since it is based on the dollars and good faith of the federal government. I say we let the private sector fall on its own and make the federal government whole by paying down and off its debt and by cutting sharply the budget. We must bring all our troops home and stop sending monies abroad immediately. I know this will cause much hardship but what will be the hardship for the world if America and her currency collapses? Heed my warnings America and do not think of saving everyone for it cant be done. We must save the country or else I fear the worst of worsts. A total collapse with no government or currency nor food nor fuel. A third world country swept by invading armies of foreign countries. As I look back at all my dreams and vision the picture becomes very clear like a puzzle I just tonight put the pieces all together and see what the visions mean.
May God Bless us and this great land.
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Comments: 12
We need to cut spending on waste, increase taxes on luxuries and the very rich, ceil interest at 1-3% on all types of loans and if we all love this country take all the 401ks in America and buy back the debt from the foreign countries, so instead of stocks and the hope of 20% appreciation the 401k will get 1-2% a year and growth will be as it should. What is more important, America or a 20% return? I ask you.
Note: The banks had 7 trillion in deposits as of June 2007 with 5.5 trillion of it in commercial banks and 1.5 trillion in savings institutions. Banks cash management will leave them with around 10% of deposits on hand at any time give or take a few % points depending on rules and market conditions. So with 7 trillion in deposits they only have around 700 billion on hand in total. The fiat based money system we use only works as long as people have confidence in the system and allow banks to hold their money. If everyone starts to pull money out of the bank the system will collapse with great quickness. That is why a run on the banks are always to be feared and bad idea to be a proponent of unlesss you feel like trying to destroy the economey