Friday, April 22, 2011

“Sorry Folks, Uncle Sam Can’t Solve This One”

“Sorry Folks, Uncle Sam Can’t Solve This One”
by Phoenix Capital Research

“When the 30+ years of credit fueled frenzy imploded in 2007, the US Government stepped in and tried to pick up the slack in the private sector. On the surface this appeared like a noble intention (Uncle Sam will save the day) except for the facts that:

1)  It wasn’t actually a solution to anything.
2)  It didn’t really help the average American all that much.
3) 99% of the money/ aid went to Wall Street… whose business practices are what destroyed the financial system in the first place.

This same policy of taking over the private sector also occurred in the US monetary system with the US Federal Reserve allowing Wall Street to dish their junk debts onto its balance sheet in a kind of “cash for trash” program where Wall Street sells crap no one wanted for 100 cents on the Dollar to the Fed… and then the Fed doesn’t try to get its money back… EVER.

Doing this had a profound psychological impact on the financial world. By swapping US Dollars for trash assets, the Fed sent a clear signal to all of us that cash was in fact becoming trash. The world has taken note in a BIG way. Russia and China are no longer using the US Dollar for trade between each other. Saudi Arabia is sending representatives to China and Russia to strengthen trade ties (which hints that oil may not be priced in Dollars in the coming years). And the BRICS (Brazil, Russia, India, China and now South Africa) recently staged a conference in southern China to discuss trading in their domestic currencies rather than the US Dollar.

In simple terms the world has already begun shifting away from the US Dollar. When it came between choose to maintain the reserve currency of the world vs. giving trillions to Wall Street crooks, Ben Bernanke chose the latter. That one decision literally changed the course of the US’s future. Bernanke literally bet the Republic and the US Dollar that the world would tolerate it. The world isn’t.

The US already had a debt problem before Bernanke did this. But he made sure that this problem would become an absolute disaster. There is now only one way out of this mess and that is default. The US cannot EVER pay back its debts. A US default is going to happen GUARANTEED (hyperinflation induced by endless money printing is just another form of default). When this happens, the US Dollar will collapse, lose reserve currency status, and inflation will rip through the system destroying the purchasing power of anything paper-related.

 So if you’re not preparing for mega-inflation already, you need to start doing so NOW. The Fed WILL continue to pump money into the system 24/7 and it’s going to result in the death of the US Dollar. If you’ve yet to take steps to prepare your portfolio for the coming inflationary disaster, our FREE Special Report, The Inflationary Disaster explains not only why inflation is here now, why the Fed is powerless to stop it, and three investments that absolutely EXPLODE as a result of this. All in all its 14 pages contain a literal treasure trove of information on how to take steps to prepare AND profit from what’s to come. And it’s all 100% FREE. To pick up your copy today, go to http://www.gainspainscapital.com and click on FREE REPORTS.”

No comments:

Post a Comment