I can say this with complete conviction and sincerity... from both, my: Knowledge of History and Understanding of The Scriptures. The question: is not if, but when, will The United States of America default upon its debts... and as The Political Rhetoric continues to escalate to unheard of new levels, I am rapidly growing more confident in this particular time frame! My own personal gut feeling, is that August 2nd will be the date.
So, what will ' Really Happen ' when The United States of America defaults upon its debt obligations? For just one moment, let's consider the true ramifications....
The Short Term Results Of A Debt Default:
- America will lose its: " Good Credit Rating ".
- Interest Rates will go up for: The United States Government, All 50 States, County and City Governments, and The Public At Large.
- Foreign Investors will pull out of Our Domestic Markets.
- The Stock and Bond Markets will both drop tremendously.
- The Banking and Credit Markets will become even more tightfisted with their money.
- The Commodities Markets will soar into the stratosphere - before leveling off at much higher levels.
- Platinum, Gold, and Silver will skyrocket to all time new highs.
Like any other: " Cause And Effect Situation " - there will be both: Winners and Losers within all of these affected markets. The ' Winners ' will be those who traded paper assets - such as: Dollars, Stocks, Bonds, and Securities - for either: Commodities, or True Coinage [ Silver and Gold ]... while, the ' Losers ' will be those who fully trusted in those very same paper assets. Meanwhile, within The Overall American Economy, everybody will suffer as The American Dollar begins to rapidly depreciate!
Moreover, A New Era of: " Austerity Measures " - will finally begin. The American Safety Net will be placed under extreme scrutiny; and many long established Social Programs will be cut: Public Housing, Agricultural Supports, Food Stamps, Welfare, Medicaid, Block Grants, Pell Grants, The G.I. Bill, Veterans Benefits, Public Television, Public Radio, The Arts Council, The NEA, etc.... In fact, the list is almost endless! But, this is only the beginning....
Undoubtedly, The Federal Government will find it much easier to just print more money, than taking the heat from All 340 Million Enraged Americans. Therefore, the next phase will invariably begin. Welcome to ' Hyperinflation '... the most financially devastating economic creation in all of human history! Every single nation that ever tried it, regretted it... but, for some strange and inexplicable reason, The World's Economists keep trying it over and over again. Who knows... maybe, it'll work this time? Hello....
So, why am I telling you this? Because, as all that printed paper becomes increasingly worthless, Real Coinage such as: Gold, and Silver - goes up in value, just as quickly as all that paper goes down! Buy some Gold and Silver... buy as much of it, as you can... and buy it now, before it goes up. Move your IRA and/or 401K into Gold or Silver Indexed Funds - even, if only temporarily... but, do something proactive for a change... and don't blame me, if you don't!
Remember, In The Fall Of 2007, they told you that: " America Is Fundamentally Sound ", " It's Public Debts Are Quite Manageable ", " The Housing Markets Are Completely Stable ", and " The Banking Industry Is A Great Investment "... and they said it, right up until the very moment that they crashed it. Why? Because, they wanted you to buy all of those: " Toxic Assets " - from them, before the crash came! They knew what they were doing. Don't be fooled again....
The only ' Safe Assets ' in a situation like this one are: Commodities, and Real Money. Meanwhile, Gold and Silver are the only ' Real Money ' on planet earth; and have been, for well over 4000 Years. If you're not buying Silver and Gold, then you'll be one of the losers - when America inevitably defaults!
And while we're on the subject of Commodities, I'd start thinking about establishing ' Your Own Personal Food Supply '. A well-stocked Pantry couldn't hurt, when America's Agricultural Heartland has been flooded [ now ] for well over five months. You see, this year's grain crops are This Winter's Food Supply; and so far, there hasn't been one... and, if That Food Supply becomes scarce enough, all the Silver and Gold in the entire world couldn't buy it!