Economic Collapse 2012 – Say Goodbye To Paper Money

September 10, 2012 10:01 pmViews: 403


Many of you, as I, may have been wondering how in the world we as a nation are able to spend more money than we take in and do it consistently year, after year, after year. And how do other countries around the world do this year over year as well? Doesn't this system eventually lead to a collapse? If we as individuals were to spend thousands of dollars more than we make every year, wouldn't we eventually run out of money nd go into personal bankruptcy?

Unfortunately, the current system of paper money or fiat currency does not have to collapse, it can be prevented, or let's just say, it could have been prevented. However, it is too late now because the decades long prevailing belief of today's government bureaucrats, politicians and central bankers like Fed Chairman Ben Bernanke and Treasury Secretary Timothy Geithner thinking that debt fueled economic expansion and low interest rates that fund the credit markets, and thus the expansion, are a good thing despite the fact that there is no real money to back up those debts.

So how did we get here in the first place and how has it been able to continue? Ultimately, that is a very complex situation and takes some quite fancy finical wizardry to continue to fund the current system, but the basics start with artificially low interest rates, debt fueled spending run amok and end with a paper money creation not just in the United States, but around the world like the world has never seen.

Instead of letting the fiat money system just flush out the mountains of debt accumulated and naturally correct itself with a painful, but necessary liquidation, politicians continue to borrow money and try to sped us out of debt. This liquidation of course, should have happened years ago, but politicians that ultimately believe the state is better at fixing things and can somehow avoid an inevitable collapse, just keep their feet firmly planted on the gas pedal of disaster. No politician wants to see or experience financial catastrophe during their tenure, because they would face no being reelected, so they keep kicking the can down the road with more government bailouts making the eventual collapse even more devastating.

Unfortunately, no, or very few politicians are even willing to stand up and shout from the mountain tops,  "Stop the debt-fueled spending already!" We have had enough of government handouts, Social Security, Medicare, welfare checks, fraudulent military overcharging, food stamp queens, ridiculous research into cow flatulence and the like, mortgages for people who never could have afforded them in the first place, over the top benefits for Congressmen, Senators and the President with his $184,000 per hour Air Force One, above average salaries and benefits for public sector employees and their unions who demand ever more from the taxpayers and on and on into financial oblivion.

The looming catastrophe is approaching ever quicker, yet we keep creating and spending ginormous sums of money to stimulate the economy, burdening future generations, but the powers that be simply won't seriously look at the very things that have caused this mess in the first place. Lasting prosperity and long term employment will never come from money manipulation, so-called stimulus, unemployment checks and the printing of more paper currency.

We can't continue to spend money we have created out of thin air for programs we can't afford and expect something to change like magic one day. We will never be out of debt unless we take real steps to get out of debt and debt-fueled spending is not the answer.

So what is the average person to when facing this almost sure economic collapse?

If you are in debt, take steps to get out thus releasing yourself from control banks and creditors have over you. Own your home and your automobiles and no entity can legally take them from you, plus you then have cash to spend as you need it without struggling.

Own real assets such as gold coins, silver coins, real estate (without debt), or other resources that people use on a regular basis. If you are going to invest in stocks, own things like paper, timber, oil and gas, metals, commodities, shipping stocks and the like. Of course, you need to talk with a professional financial adviser to find out what's right for you before you decide to do any investing. Don't just take my word for it and strike out on your own. Be sure you know what you are doing.

There is no way out of the coming Economic Collapse and we may soon see an end to paper money as we go into a gold standard and return to hard, real money that central bankers cannot manipulate so easily. Make sure you are prepared.

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