Not that it seems to matter to many Americans who lull themselves into a state of denial with sweet sugar plums dancing in their heads, doom looms heavily on the horizon involving the dollar and the debt.
(AP File Photo)
The value of the dollar has plummeted to its lowest level in over a generation. This means that creditor nations are quickly switching to other currencies. There is also widespread talk of the value of the dollar going to ZERO, at which point a world currency would be implemented under a 'new world order,' according to one leading economist who appeared on CNBC and Fox News.
Of course the one major driving force behind our present dire economic woes is the mind-boggling national debt, which, according to conservative estimates, now stands at roughly 12 trillion dollars.
But as the National Debt Clock shows, the actual debt is more like a terrifying 105 TRILLION when we count unfunded liabilities. That amounts to a debt load to U.S. citizens of a nauseating $345,000 bucks PER PERSON.
As the official policy of the Obama Administration, the Federal Reserve under Ben Bernacke supports the continuing decline of the value of the dollar. The powers that be also contend that there is no need to worry about debts and budget deficits.
The explanation of this puzzling stance on the dollar and the debt could well be that Obama and company are actually pushing for the demise of the dollar and the implementation of a world currency under a new world order. This is because they know that if we continue with the present course of spending ourselves into oblivion, there is no way the dollar can survive, which means that there is no hope for our current financial system.
And, with this Administration's mantra of things 'being too big to fail,' Obama and his minions will try to sell the public on the notion that since America is too big to fail, the only salvation is to give up our financial system and its currency and move to a new world order under a global government with a global currency.
At that point, we can permanently kiss our liberties good-bye.
You think it can't happen? Well, did you ever think that this nation could run up an extra 2 trillion dollars in debt in one year? Since January of this year, Obama's policies have resulted in an extra 1.8 trillion dollars of debt.
What can we do as citizens to stop this headlong acceleration into national destruction?
First, deal in cash as much as possible, although it is probably not a good idea to hoard it. If the dollar's value goes to zero, it won't be worth anything, anyway.
Second, invest in silver, gold, platinum, and other precious medals. But here again, don't put all of your eggs in one basket. For those who can't afford gold, which is at an all-time high, silver is a good alternative.
Third, do not help big banks and large mortgage and financial institutions. Get out of them. Choose local institutions with a conservative track record and with no ties to large outside entities. Do your homework and investigate your bank thoroughly before putting any money with them. And even then, don't put in too much. The FDIC is flat broke. That means if your bank goes under, there is no real money there to cover your lost savings or your desolved checking account.
Fourth, become a political activist. Demand that Washington change course. Throw the bums out in 2010 and 2012. And let your voices be loud and relentless. Demand that sound economic policies be implemented based on restrictions on government spending, balanced budgets, and reducing the debt.
Fifth, abolish the Federal Reserve. Simply end it. Caput. End of story.
Sixth, since I am not a financial adviser or planner, my words above are not meant to convey professional financial advise. I can only speak about what I will do and what I hear others who have their eyes wide open recommend. I repeat, do not take my words here as financial advice.
Seventh, go back and re-read the sixth above.
Eighth, stock up on guns and ammo. You may well need them before this is over. Economic collapse usually results in violence. Be ready to defend yourself.
For commentary on other issues, visit my blog at The Liberty Sphere.
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