Total Economic Collapse
I’m not a stockmarket investor, nor do I recommend as such. I do however read quite a few financial articles as a means of keeping informed on the god of this age.
I find that there are very few commentators out there who are willing to state the entirely plausible scenario of a total economic collapse for America, in spite of the present unfolding of events. However, below is an excerpt from one such author. My commendation to him and his willingness to be labeled a scare monger.
Although these bailouts may offer short-term respite, I am of the opinion that the recent antics of the U.S. establishment will make matters much worse over the mid- to long-term. History has shown time and time again that no nation has ever printed its way to prosperity. In fact, all the of the nations that have resorted to money-printing in the past, ultimately saw a total economic collapse. Furthermore, the middle-class and the impoverished people in those countries got totally wiped out due to runaway inflation. And apart from a handful of rich people who were able to ride the inflationary wave, everyone else suffered a great deal. I wish I could come up with more cheerful news, but I am afraid the same economic outcome is likely in the United States. If the clowns in Washington continue with their senseless inflation agenda by adding more monetary fuel to an already raging fire, I suspect we will see a massive deterioration in the American way of life.
If I didn’t know any better I would assume that this author had just read from the scripture of James ;
James 5:1,2,3. Come now you rich, weep and howl for your miseries that are coming upon you! Your riches are corrupted, and your garments are moth-eaten. Your gold and silver are corroded, and their corrosion will be a witness against you and will eat your flesh like fire. You have heaped up treasure in the last days.
I also found quite amusing, the authors take on what the new coming US dollar bill would look like ;
If you would like to read the article in it’s entirety, you can find it here : Selective socialism
Thanks to the author, Puru Saxena, and “The Daily Reckoning”
