America in Financial Crisis Meltdown

DIGG THIS

If you think the U.S. economy is going to stabilize or get better any time soon, you’re in for a shock.

Due to government corruption, military intervention, credit expansion and sweetheart deals with billionaire companies like Lehman Brothers, Wachovia, Morgan and Freddie Mac, the American people will pay for the coming financial crisis for generations to come. Whether it’s through more bailouts (with a price tag of $10,000+ per each American), an out-of-control national debt, higher taxes or the invisible inflation cost-of-living tax, we can be sure that our friends and neighbors will be struggling to make ends meet for years.

Are you angry yet?

You can’t get something for nothing. But that’s exactly what our American economy ran on in the last decade, thanks to the reckless policies of Alan Greenspan and Ben Bernanke. The Federal Reserve created this mess by creating money and credit out of thin air and will only make it worse. It’s like a thief punching you for your wallet and then offering to shoot you to make the pain go away.

Are you worried about your job yet?

We are not heading for another Great Depression. We are heading towards America’s first Great Inflation. It will make hyper-inflation of decades past seem like a hiccup. Remember how people in the Soviet Union paid for food with wheelbarrows of worthless currency? You will see the cost of milk, eggs, bread and gasoline soar through the roof. You have our elected representatives to thank for that.

We as Americans and the bankers love the free credit, the unsound money, the endless supply of greenback dollars and the artificially low interest rates. Just today, the Fed cut the rate again. The New York Times and the major party presidential candidates praised Bernanke for the same insanity that put us here in the first place.

But now we have a price to pay. Neither of the major party candidates (nor most of Congress for that matter) have even the smallest clue about how the economy works, how we got into this financial crisis and how to properly fix it.

Think it can’t happen here in America?

Check out the “canary in the mine” we now call Iceland. This small wintry island has some major economy problems! You see, Iceland is on the verge of a national bankruptcy (probably where Gov. Arnold’s California is heading). Foreign governments invested heavily in Iceland when the gross domestic product and the credit expansion of its banks were insufficient to support its debts. Sound familiar? Just ask your local congressman how heavily invested China is in our national debt and real estate. Talk about debt collection woes.

What is the answer?

First, invest your money more wisely. Move some or most of your investments (whether stocks, IRA’s or petty cash) into hard precious metals like gold, platinum, silver or palladium (even copper or nickel) or food commodities. You will see a substantial rise in metal values and food as the American greenback dollar collapses.

Second, stop borrowing so much. Fight the temptation. That means the credit cards and the house or business equity line. Run your house budget wisely and cut down unnecessary expenses and instant gratification treats.

Third, demand that Congress hold the Federal Reserve accountable. No more free money to bankers without a vote from the people.

Fourth, demand that Congress close down costly foreign military bases in Germany, South Korea and Saudi Arabia. We must bring home military personnel from Africa, Japan, the Philippines, Honduras, Colombia, Pakistan, Uzbekistan, Kyrgyzstan, Qatar and Bahrain, to name but a few. We can no longer afford the cost of running an empire for “democracy”.

Fifth, demand that Congress return our American dollar to the gold (and silver) standard to keep us from losing the purchasing power that we worked for in order to take care of ourselves and our children.

Sixth, refuse to waste your vote for either of the two ignorant major party presidential candidates. Instead, send a message to Congress by voting for one of the four minor party candidates who will have the honesty and the decency to actually:

  1. hold the Federal Reserve accountable for its recklessness;
  2. stop the rise of the national debt (at 10.193 Trillion Dollars and counting);
  3. slash military and banking aid to foreign countries and control domestic spending; and,
  4. close foreign military bases and prevent more expensive wars in the Middle East.

The minor party presidential candidates with ballot access in most states are:

  • Chuck Baldwin (conservative Christian pastor)
  • Cynthia McKinney (liberal former congresswoman, the other African-American candidate)
  • Ralph Nader (liberal consumer advocate, independent)
  • Bob Barr (conservative former congressman)

Seventh, turn off the T.V. — shut off the junk on Cable News — print out this article and read it with your spouse or loved one over a hot cup of joe.

Eighth, do something about it. E-mail my article to your friends. Learn the truth about our economy on websites like LewRockwell.com, CampaignForLiberty.org, BreakTheMatrix.com and ShadowStats.com.

October 9, 2008