Now, if the average person in the world does what the American Federal Government is doing with debt, we will be in huge trouble. Oh wait…most of the people in Western world did just that and the world economy is already in trouble now.
If the Government can’t be prudent in managing their debt and setting a good example, then their citizens probably will be reckless as well. I remember watching a video of President Bush telling Americans to go and spend with their credit cards.
Good educational tutorial as to what exactly the Federal Exchange of the United States does. Contrary to popular beliefs they don’t print money, but does control when more money needs to be printed. The Fed gives the O.K to the U.S treasuries to start the printing press.
No matter how you slice it though, more money supply of the U.S dollars in the market will devalue it all the same. Soon the U.S dollar will not worth even the paper it is printed on.
Unfortunately, the way American and European politicians do math is different than how everyone else does, because they can print more money. Will we be here 5 years from now or worse.
After you watch this documentary was filmed back in the 1999, you will see that today’s events mirror the past and you know that they are engineering another depression and war. Hello PEOPLE wake up, they have been plotting the destruction of American and one world government over 30 years ago.
The Federal Reserve created by the RothChild’s financed world war I and they increased money supply (print money) and eventually caused the depression in the 1930’s. Then they financed world war II to profit from it.
Marc Faber thinks that all governments, the U.S and Europe will keep printing money trying to fix the debt crisis and slumping economies with even more debt.
The crazy Keynesian notion that you can fix a debt problem by getting further into debt…that is nuts, but that is what the U.S and Europe is engaging in.
In 5 years time, the world might look very different. Marc Faber is ultra bearish and thinks people should be prepared to own gold, stable equities and avoid government bonds.
The timing is only different, he says, because “banks these days are much bigger than they were in 1929.” In the 20’s institutions were reliant on client money to lead their bailout attempts. Today Central Banks have the ability to call on future, often overstated, tax revenues and are unencumbered by anything such as a gold standard when attempting to ward off the human desire to hide under the covers, financially speaking.
U.S statistics do not count a lot of off book debt like “student loans”, social security and State (eg. California) level debt. If these other debt were counted, which they should to paint a more accurate picture of the U.S economic situation.
Peter Schiff is right on the money here. The world is being tricked into believing that the United States of America is a sound investment because the government statistics being posted are skewed and manipulated.
Henry S. Dent has a pretty good track record of foretelling what will happen. Nobody can predict when it will happen just what is going to happen and so far, the next crash is taking longer because of Fed stimulus.
He recommends get out of stocks, commodities and get into cash and U.S Treasuries. He is not a gold bug though. He thinks it is a commodity and will get pull down with all other commodities.
