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.

Sunday, August 23, 2015

Signs of a CRASH

China is in serious economic trouble. It has lowered (devalued) its currency three times in the last week or so. That in-turn has caused the Dow Jones (DJ) Industrial Average to plunge 530 points. So what's the big deal? If you see a drop of 600+ points, that's a CRASH in OUR economy!

We should be aware that the statistics published from China about their economy are bogus, just like our own. They are a Communist country and their leaders will never give accurate stats that would make them look bad to the rest of the world. Neither does Obama by the way!

China devalues their currency because it actually helps boost their economy. They rely a lot on their exports to float their economy. When they devalue their currency, Americans (and the rest of the world), have to pay more for their products. That helps China but hurts the rest of the world.

Countries around the globe are all worried that if the Chinese economy collapses, so will theirs. They have a right to feel this way. China buys things like copper and oil and when they stop buying these commodities, that hurts the countries selling them like Canada, Venezuela and Australia.

Bottom Line
Keep a close watch on the DJ average tomorrow (Monday). If it keeps dropping that's the RED FLAG for our economy. Are you Prepared?