Wednesday, August 26, 2015

The REAL Situation

The Federal Reserve has played all of its cards. They have no more tricks to keep the current economic bubbles from breaking. If they raise the interest rates, that will kill our economy even faster. Meanwhile, Obama and his fellow Democrats are all saying that the economy is rebounding in a positive way. Do you feel that optimistic?

The Federal Reserve and Obama's policies have manipulated the stock market in order to make you think that everything's just rosy. But in fact, you saw what happened to the Dow Jones Average starting on Friday and continued to Monday. A massive sell-off and a drop of over 1,000 points by panicked investors because China's failing economy is collapsing from within under Communist management. That was the warning siren and most people have ignored it as usual.

So today the Congressional Budget Office (CBO) announced that our unsustainable debts will come to fruition in 2018. That's the not bad news. They may be wrong about 2018 because the indicators may be telling us the collapse is starting now.

The Federal Reserve has no idea how to save the economy because of their monitizing our debt. They continue printing our money from thin air causing the slow devaluation of our dollars. That's why your savings accounts only pay 0.01% interest. They are making your money worth less. The government doesn't want you to save. They want you to spend because they can't "fix" the problem - only make it worse with their bungling.

After the CBO's report, it's clear that the ONLY way to "fix" the unsustainable debt is to let it happen - just like Greece. Default on our debts and the whole system will re-set. That would wipe-out our debts and allow the economy to start all over again. GREAT! However, in the mean time what money you do have (whether savings, 401K, mutual funds, etc) will all be wiped-out. NOT-SO-GREAT; That's your contribution to the fix. You will loose everything. Your money will become worthless.

Other than that, have a nice day. Thank the government and the privately owned Federal Reserve for the coming CRASH. It's already started.

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