Economic Collapse Coming
Do you feel it? Can you see it? Something big and terrible is coming and is about to reveal its ugly face. Its not a matter of if, but when it comes, are you going to be ready?
While its necessary to have hope and to be optimistic (and to create those things), you CAN’T be ignorant of this reality. The reality of the situation is that a total global breakdown is brewing and is getting ready to tip over, and you’ve got to be ready – as soon as is humanly possible.
Can you imagine how bad things will get? People say that things always pick up after a bit of hardship, but just how hard are we gonna get hit? And will things really get any better?
Since the national debt can never and will never be paid off, get yourself out of debt as quickly as is humanly possible so you can have more money to better your chance at surviving the future. Get rid of as much debt as you can, and prepare for the worst.
Why An Economic Collapse?
It has just been recently announced (early November 2010) that the Federal Reserve is planning on another round of quantitative easing (also known as QE2)… $600 billion to be exact.
They’re planning on spreading this $600 billion out by the end of Q2 2011, and are keeping interest rates at 0 – 0.25%.
How will this effect the economy?
When you get the government pumping money into the economy through quantitative easing, inflation occurs which causes the value and purchasing power of the dollar to fall. When the dollar’s power to buy things decreases, it costs more dollars to buy things. And when that happens, people can’t buy as much as they used to and ultimately suffer.
If you think that’s not good, remember that they’re not increasing interest rates, either. Higher interest rates help to offset hyperinflation. If interest rates are higher than inflation rates, we might survive. But with the real unemployment rate being above 20%, and not enough jobs being created to handle all the kids becoming “of age” to work, any hike in interest rates would send us into a depression. So, instead of raising interest rates, we get something worse – quantitative easing, which at this point in time will cause hyperinflation, which will be VERY depressing.
Quantitative easing temporarily eases the debt of the government, but it wont last. It will not fix any problems. When they get through with this round, they’ll do another round. Its a vicious cycle. Its an addiction.
The only good thing I can see about quantitative easing is IF (and only if) employers raise their wages to employees to offset the government-induced inflation, it will be easier to pay off fixed-rate debts, like mortgages. That’s it!
While that may seem like a good thing, it isn’t justified when compared to a major side effect of this upcoming round of QE – the complete split between the rich and the poor classes by crushing middle-class.
And how will the middle-class be eliminated? They will not be able to afford to buy the basic necessities of life – food/water, medicine, shelter and protection. And when they can’t afford these things, the split will occur.
It’s not just a “split” – I can’t make it seem that simple and easy. Its a “murderously painful split”. It’s like ripping the heart out of the human body – the economy will not survive without it.
When a citizen class dies, it is painful! People in the poor-class have a hard enough time getting by as it is, but when that class is hyper-inflated with most of the former middle-class citizens, it wont be able to handle it.
Quantitative easing is a TAX on the citizens of the country. In a very painful process, it hyper-inflates the poor-class with former middle-class citizens.
It’s not just a “painful” process, there will be many that actually die. The current poor-class will lose many of its members because prices prices will increase while the amount of government handouts don’t. The new arrivals into the poor-class will not be able to handle the extreme change, and will also experience deaths.
I could go on for pages, but please – read through my blog posts and articles to get educated, and learn what you can do to survive the future.
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