What's coming down the economic road

[TheTman]

The video link below lays out how unstable our economic situation is, and gives the viewer a pretty good idea of our REAL national debt. It has a sales pitch for his survival method at the end, you can ignore, or buy, up to you. I didn't buy it, so I have no idea if it's worth anything.
Plus we have a president that seems to want this financial collapse to happen (it will be George Bushes fault anyway). He wants to see the US knocked down a peg or two. Read his book if you don't believe it. The poser was raised by communists, spent most of his adult life with communists and launched his political career with the help of former Weatherman Underground leader Bill Ayers and family. His advisors have been quoted as saying that they want to "kill the dollar". Treason in my book. Destroying a nation's economy is tantamount to destroying the nation.
Anyway, watch it if you want. I shut if off when he got to the sales pitch. This is just one of a bunch of these types of warnings I've run across, some from some pretty reliable financial advisors (Porter Stansberry, Newsmax, Personal Liberty Digest), and others from questionable sources, but they all agree that this debt is going to bite us in the a$$. You've probably seen similar things already, but for those that haven't, this is a good video to watch.
The stuff you see happening in Greece, could happen here, once countries quit accepting the dollar due to it being backed by nothing. OR, if OPEC decides to accept other currencies than the dollar in payment for oil. That's one thing that has been propping the dollar up, is that countries have to exchange their currency for dollars to buy oil.
Economic collapse has happened time and time again. I'm not trying to scare anyone, just saying it might not be a bad idea to know the staggering amount of debt the government has got us into, and to be prepared if hyperinflation hits, as it has many times already this century.
I'm sure we've all heard the stories about Germany after WWI where a bucket full of cash would maybe buy a loaf of bread, if any was available.
Greece, Spain, Portugal, Cypress, are a few other places having these problems hitting them to various degrees.
16 Trillion is just the beginning, when you add in Social Security, Welfare, Food Stamps, and all the other "entitlements" the 16 Trillion is just a drop in the bucket. I picked this video to share as it was one of the shortest, and more to the point, than some of the others that go into lengthy boring details and get off topic.
https://www.uncensoredsurvival.com/front52b/

[jocko]

we really have no troublle paying our debt and interest on our debt. it is the reckless spending of ur government and the severe over employmment of our government thatis hurting us.

I find it strange that they can furlough 8000 from a certain agency while keeping 1000 still there and it is running OK. Would not our Postal system be the first placeto start. They think they can price them selves into prosperity...

[TheTman]

Things are ok for now. This is about what happens after people have lost confidence in the dollar. It's been propped up for so long by OPEC only selling oil in Dollars, meaning countries had to buy Dollars if they wanted to buy oil. If this system breaks down, that will mean a big hit on the Dollars value versus other currencies.
This is just one of those videos telling you something to watch out for and wants to sell you their survival guide. I've been getting the same type warning from my more traditional sources, like my Financial Newsletters, and some of the conservative newsletters.

Being in this much debt cannot be good for the country. And Obama isn't finished yet.
That's the message that I keep getting.

I agree the reckless spending needs to stop. Foreign aid to countries that hate us is a waste. Let them hate us on their own. But they don't listen to us.

This video got straighter to the point and was less boring than many of the others.
Watch if you want, don't if you don't want too.

[JohnR]

What's coming down the economic road

I've heard too many learned people saying this same thing to dismiss it as foolishness. If you can take a 3-6 month vacation outside the US or somewhere away from cities when it starts, I'd recommend it.

The 2008 meltdown was a terrorist attack on Wall Street, no doubt about it. The trading system is so badly run though, that we'll never trace who did it. But the list of suspects includes Muslim terrorists. They made other attacks since then and there's nothing to stop them today.

The investigators and their recommendations have been ignored, the O administration has looked the other way, and might as well be considered complicit for their lack of action.

And that's without considering his documented hostility toward capitalism, American exceptionalism, and American prosperity.

[muggsy]

I came into this world with nothing and I'll probably go out the same way I came in. You don't own your possessions. Your possessions own you. Today is the tomorrow you worried about yesterday and all is well. Take each day one day at a time.

[John222]

I came into this world with nothing and I'll probably go out the same way I came in. You don't own your possessions. Your possessions own you. Today is the tomorrow you worried about yesterday and all is well. Take each day one day at a time.

I grew up poor and went on to achieve far more than I ever thought. But in the end, I can't say I'm one bit happier now than I was then. So, Like you muggsy, I'm really not sweating financial woes. Most things just aren't worrying about.

[TheTman]

Possessions and money aren't the things you should be worrying about. You should be concerned for the safety of your family if you have one. Nothing wrong with stocking up some extra non-perishable food for hard times. I believe in living one day at a time - I belong to the organization that made the saying famous. But there is nothing to say you can't be prepared for an uncertain future. When you have hungry children begging for food and there is none, that will break your heart.
We made it through the Depression, and a few recessions ok. The American is a tough bird to kill. As is the American spirit. Whatever is coming we'll get through too, some in better shape than others. I'm not a prepper, but I do have some extra bags of beans and rice, and some canned meat. I'd like to have more ammo.
Tough talk is cheap. Lets hear you when you haven't ate in a week. It's not something you have to fret over or worry about. Particularly if you have a stash of food and things. Be like a Boy Scout - Be Prepared. For whatever. Storms, natural disasters, riots, whatever comes your way.

[TheTman]

Also, many of us are going to be swayed by the "Normalcy Bias". This is a concept that we have that things have never got as bad as they may get, and we just don't believe it can happen. That's the reason that many Jews didn't get out of Germany when they had the chance, they just couldn't imagine things were going to get as bad as they did, and they paid with their lives. Things have gotten bad before, just few people are alive now that went thru the Depression. I remember my parents would rarely throw anything out that might be useful later. Very little food was ever thrown out. They lived during the depression and it affected them most of their lives.

[Longitude Zero]

I see the sense of storing up a few supplies. However if armageddon occurs I will have no problem becoming a scavenger seeking outt hose who have hoarded supplies. If they do not want to form an alliance I have no difficulty becoming a predator and taking what I need/want. As a type A carnivore/predator me and mine will eat and survive by all means necessary.

[JohnR]

What's coming down the economic road

I see the sense of storing up a few supplies. However if armageddon occurs I will have no problem becoming a scavenger seeking outt hose who have hoarded supplies. If they do not want to form an alliance I have no difficulty becoming a predator and taking what I need/want. As a type A carnivore/predator me and mine will eat and survive by all means necessary.

Thanks for the warning, now we'll simply demonstrate the advantage of cooperation and teamwork and snuff you before you have a chance to rob us.

[Longitude Zero]

Thanks for the warning, now we'll simply demonstrate the advantage of cooperation and teamwork and snuff you before you have a chance to rob us.

It will take far more than that to take me outta the game. The REALITY of the matter is that VERY LITTLE cooperation will take place outside of families. That's and accepted fact among preppers.

On a recent preppers show a guy that built a huge underground complex of shipping containers with years of supplies had just one simple fact pointed out to him and he realized the precariousness of his fortress. He the realized the folly of his choices and how easily he could be snuffed out along with his family.

[muggsy]

I can remember people building bomb shelters in the '60s. I wonder how much time and money they wasted preping. We were preping before preping was cool. If the SHTF, I'm sure that all of us will get a little on us. Man plans and God laughs.

[yqtszhj]

Water, shelter, security, and food in that order are what we need to worry about, and in that order. It's amazing what little you really need to survive.

Like muggsy and john222 said we came in with nothing and all this stuff is temporary anyway (although some of it is fun to play with.)

[AIRret]

I wouldn't consider us prepares but We always have a months worth of supplies. My Parents were in their 20's with a young family during the depression, and then lived through WWII and rationing so they learned to keep a little on hand. It's sound advice no matter how good or bad the political situation is.

Mother nature can change life in a moment.

At our age and health I can't imagine living years and years without some services.