1. The Sovereign Debt Crisis and Default. PIIGS. Portugal Ireland Italy Greece Spain. Whos Next?
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Knowing what will happen in Year 2010. Preparing for yourself for the coming challenging in the world. Find out the solution and Visit http://silversnowball.com/2030 It has been widely published in scientific circles that silver will be the first element from the periodic table to become extinct.
As the value of the dollar declines, the price of silver and gold increases reflecting the loss of purchasing power and trust in the dollar.Goverment funny money will soon become worthless, buy gold & silver or loose everything Please be informed Quick and easy way to purchase silver: http://silversnowball.com/2030The value of gold and SIlVER has not increased. Rather, its price in dollars reflects the decreased purchasing power of those dollars. Now here’s how to take advantage of the dollar collapse to get out of debt, pay off your mortgage and more. I know this may be hard to believe for many, but when the dollar is devalued and a national banking holiday is called to realign banks with the newly devalued dollar, silver will soar! Let me restate that: The cost of SILVER will shoot up and skyrocket to unbelievably high dollar amounts. Visit http://silversnowball.com/2030 to see how you can start getting your own SILVER EAGLE COINS from Silver Snowball below spot price!
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Duration : 0:10:3
US and Global Economic Collapse Warning
http://www.newamerica-now.blogspot.com
http://www.thewatchmen.fm
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Economic Collapse Farmers Harvest Crops to Burn (Christianity Destroyed)
Aaron finds a large tree farm in Oregon with every tree lying on the ground. One man says the market the past few years on Christmas trees was non existent. That called for the need to cut the trees down because they got to large to ship for future celebrations. Is this the end of the Christmas tree in the celebration of Jesus Christs Birthday?
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How can I prepare myself for economic collapse?
I see the recession is in full fledge and I think this quarter won’t be much better. Leaving us in uncertainty til the summer. By that time we could be suffering hyperinflation and with a lame duck president that never cared about people to begin with won’t move an inch. I know we may catch a tax break but thats going to add to debt and the government is going to raise taxes. So consider the tax cut canceled out already.
So I ask, as a person with modest savings, do to protect myself in case an economic disaster hits the country?
To prepare for Hyperinflation borrow all you can at fixed interest rates and buy tangible assets (gold not stocks or bonds) that you can sell later at inflated prices. I don’t think this would be a wise coarse of action because I think hyperinflation is unlikely.
For a severe economic melt down the more probable result is deflation. In this case the best action is to have as much cash as possible so you can buy what you need at lower prices later.
For just run of the mill recession planning buy stocks at their recession lows weighted heavily with banks with a safe loan portfolios and consumer cyclicals. With the low interest rate that a recession bring they will increase in value when the economy recovers. With the fall in the markets today I would start buying now and continue to buy on dips over the next several months.
To protect against all possibilities you can do a little of each.
ECONOMIC COLLAPSE 2010 PETER SCHIFF !!! TOP PREDICTIONS DECADE OF SIN PAYING FOR OUR SINS !!!
The bride’s symbolic vision of the church, its explanation, which concerns the moderation and attitude that the pope ought to maintain regarding his own person and regarding the cardinals and other prelates of Holy Mother Church, and especially about the attitude of humility.
Book 4 – Chapter 49 SAINT BRIDGET PATRON SAINT OF EUROPE FINAL PART
Let him then organize his entourage with moderation and keep only those servants needed to protect him. Although it is in God’s hands to call him to judgment, still it is only right for him to have servants both in order to strengthen the cause of justice and so that he can humble those who rebel against God and against the holy customs of the church.
The hinge-pins attached to the doors represent the cardinals who have been bent outward and stretched as far as possible toward all pride, greed, and physical pleasure. This is why the pope should take a hammer and tongs in hand and bend the hinges to his will by not letting them have more clothes, servants, and equipment than necessity and utility require. Let him bend them with the tongs, that is, with his soothing words and divine counsel and fatherly love. Then, if they refuse to obey, he should take the hammer and display severity toward them, doing with them whatever lies in his power and does not go against justice, until they are bent to his will.
The floor represents the bishops and the secular clergy, whose greed is bottomless. From their pride and luxurious way of living come the fumes that make all the angels in heaven and all God’s friends on earth shun them.
The pope can improve the situation greatly by allowing them to have only what they need and nothing superfluous, and he should order each bishop to watch over the ways of his own clergy. Anyone who refuses to mend his ways and live continently should be stripped of his prebends, because God would rather not have a mass said in a given place than let a whorish hand touch the body of God.”
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$78.8 Trillion; United States Debt Obligations exceed world GDP; Monetary Collapse Looming?
How in the world are we going to pay off all of this debt? Raising taxes to do it would burden our economy, and then the situation would only get worse. To me the solution is obvious, cut spending.
For too long in this country we’ve had the give-me-stuff people standing there with their hand out, and the government putting something in it. Does the idea of small government ring a bell? It is what our founding Fathers had in mind when they gave us our constitution. That is why there is a list in the constitution that quite clearly spells out the powers of the federal government, and also what it is not allowed to do. So basically if it was not listed as a power, then they are to stay away from it, and allow the States to handle it.
Just take a look at federal laws. At the very beginning they will state their authority in enacting the law, and it is almost always the commerce clause. I’m sure they even think that just because your computer is hooked up to the internet, and therefore has contact with other computers in other States, that they then would have the constitutional right of regulating your computer, and thereby your internet communications; they are out of control.
jbranstetter04
Federal obligations exceed world GDP
Does $65.5 trillion terrify anyone yet?
As the Obama administration pushes through Congress its $800 billion deficit-spending economic stimulus plan, the American public is largely unaware that the true deficit of the federal government already is measured in trillions of dollars, and in fact its $65.5 trillion in total obligations exceeds the gross domestic product of the world.
The total U.S. obligations, including Social Security and Medicare benefits to be paid in the future, effectively have placed the U.S. government in bankruptcy, even before new continuing social welfare obligation embedded in the massive spending plan are taken into account.
The real 2008 federal budget deficit was $5.1 trillion, not the $455 billion previously reported by the Congressional Budget Office, according to the “2008 Financial Report of the United States Government” as released by the U.S. Department of Treasury.
The difference between the $455 billion “official” budget deficit numbers and the $5.1 trillion budget deficit cited by “2008 Financial Report of the United States Government” is that the official budget deficit is calculated on a cash basis, where all tax receipts, including Social Security tax receipts, are used to pay government liabilities as they occur.
But the numbers in the 2008 report are calculated on a GAAP basis (“Generally Accepted Accounting
Practices”) that include year-for-year changes in the net present value of unfunded liabilities in social insurance programs such as Social Security and Medicare.
Under cash accounting, the government makes no provision for future Social Security and Medicare benefits in the year in which those benefits accrue.
“As bad as 2008 was, the $455 billion budget deficit on a cash basis and the $5.1 trillion federal budget deficit on a GAAP accounting basis does not reflect any significant money [from] the financial bailout or Troubled Asset Relief Program, or TARP, which was approved after the close of the fiscal year,” economist John Williams, who publishes the Internet website Shadow Government Statistics, told WND.
“The Congressional Budget Office estimated the fiscal year 2009 budget deficit as being $1.2 trillion on a cash basis and that was before taking into consideration the full costs of the war in Iraq and Afghanistan, before the cost of the Obama nearly $800 billion economic stimulus plan, or the cost of the second $350 billion in TARP funds, as well as all current bailouts being contemplated by the U.S. Treasury and Federal Reserve,” he said.
“The federal government’s deficit is hemorrhaging at a pace which threatens the viability of the financial system,” Williams added. “The popularly reported 2009 [deficit] will clearly exceed $2 trillion on a cash basis and that full amount has to be funded by Treasury borrowing.
http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=88851
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