The Financial Mess

I've seen 2 articles that summarize the major problems with the US economy. The garbage on mainstream news that passes for truth is merely propaganda to keep people complacent with the status quo.

If you do not learn the facts about the US economy, you may lose all of your savings. Even if the FDIC insurance gives you the nominal value of your bank deposits in the case of a financial catastrophe (which is doubtful since the FDIC only has approximately 3-5% of total bank deposits in their possession), your deposits will be paid with money the government creates from inflation. This means that the value of your dollars will be reduced. In short, your spending power will diminish.

The first article is entitled US Policies Will Fail to Avert Hyperinflation. This is a great article that speaks about the major problems that make a financial recovery in America improbable. But it also outlines the steps that we can take to rebuild and repair the US economy. The road is not an easy one, but it will be easier to make the changes while we have a chance rather than having no other alternative.

The worst part of this situation is that instead of people facing the facts and acting responsibly, we continue to embrace delusions, lies and false promises. This is not good, and the worst is yet to come, especially if changes are not made. The current financial policy virtually guarantees that financial destruction and economic hardship are in the future of the United States. Lies, deception and fraud are not a solid foundation for long-term economic prosperity. That's a self-evident fact.

The second article is entitled Financial Fraud on Wall Street. This is a short article that explains the fact that there is still massive fraud occurring on Wall Street. The bottom line is that if the banks were honest, they would acknowledge that they are all insolvent. Government collusion and connections keep this truth from being accepted. The banks can get bailouts and pretend to be solvent, and they can keep 'earning' their fat bonuses. But the massive bailouts are creating the financial environment that leads to economic calamity. Short term gain leading to long term pain.

Everybody in the financial community knows about all of this fraud and theft. The Justice Department, the SEC, the CFTC, and the rest of the regulatory agencies know what is going on. It's a mass collusion to maintain the current state of operations. From what I've seen, the plan is for the bankers to continue to earn massive amounts of money, and then when the system melts down, they then pass the bill to the people. But meanwhile, they will have taken their obscene profits and used them to purchase tangible assets. So when the US Dollar (and most other fiat currencies) collapses, they will be relatively unscathed, and will still have the ability to stay wealthy, while normal people will become the equivalent of 21st century serfs.

Remember: wealth is neither created or destroyed--it only changes hands. This will be one of the greatest shifts in wealth in history. Don't be an ambivalent dupe.