Thursday, September 10, 2015

How to Survive a Real Currency Collapse

Do you guys see all these ads that pander to Americans fear of losing all their wealth and stuff?  Of course our stuff is all purchased using US what happens if the globe suddenly decides they don't want to use US Dollars to buy and hold as a reserve currency anymore?  What if they come to realize that our paper money is only as good as the "faith and confidence" that is held by the US Government?  And what if that confidence in their ability to manage their debts and pay their obligations begins to collapse?  What if China and Russia decide to dump all their US Treasury Bonds at once and flood the market...driving up supply and shoving down the value of $trillions worth of Treasury Bonds?

Just for fun, check out what this article says that was emailed to me today.

Casey says – although few people realize it – America is on the brink of a major and unprecedented currency collapse, similar to what happened in Argentina in 2001, except on a much grander scale.

According to Casey:

We are exiting the eye of the giant financial hurricane that we entered in 2007, and we’re going into its trailing edge. It’s going to be much more severe, different and longer lasting than what we saw in 2008 and 2009… The U.S. created trillions of dollars to fight the financial crisis of 2008 and 2009. Most of those dollars are still sitting in the banking system and aren’t in the economy. Some have found their way into the stock markets and the bond markets, creating a stock bubble and a bond super-bubble. The higher stocks and bonds go, the harder they’re going to fall.”

What’s more, according to Casey, the average American is totally unprepared for when this next phase of the crisis hits:

This huge recession that started in 2007, and the bottom was 2009 and 2010, has cyclically recovered.  So, people think it’s going to be happy days again, but it’s not… You’re going to see very high levels of inflation. It’s going to be quite catastrophic.”

America’s Banks in Greater Danger than 2007/2008. Remember derivatives? The absurdly complex financial instruments that essentially caused the massive bank failures in 2008… and led to the biggest economic collapse since The Great Depression? Well, what if I told you the amount of exposure to derivatives the top 5 U.S. banks have – right now, today – is 45% LARGER than it was just before the collapse in 2008? That’s not a typo. The very same people that created the 2008 banking crisis are at it again -- having created another, much bigger ($273 TRILLION) derivatives bubble (versus $187 trillion in ’08).

Even the FDIC Admits it Can’t Handle Another Banking Crisis! Think your bank deposits are safe because they have FDIC backing? Think again. It was recently discovered that the Federal Deposit Insurance Commission – the group that insures deposits for U.S. bank accounts – will not be able to properly insure your deposits for at least the next 5 years! This is according to the FDIC’s own annual report! In other words, if there’s another crisis, the Commission has enough money in its insurance fund to cover just 1.01% of all the money in U.S. bank accounts (or about $1 for every $100 of yours).

Uncle Sam Wants Your Savings. Argentina did it in 2008… Portugal in 2010... France and Ireland in 2011… and Poland in 2013. Now Uncle Sam is finally starting to open up to the idea of nationalizing private citizens’ retirement accounts to pay the national debt. Most people don’t know this, but the U.S. Treasury has already raided the pension funds of government workers at least FOUR times since 2011 to plug federal spending deficits. Investing legend Jim Rogers says they’re going after private accounts next. Political insiders Newt Gingrich and Ron Paul agree, having recently revealed that plans are already in the works.

U.S. Banks No Longer Safest Place to Put Your Money. According to Global Finance magazine, who recently came out with its annual list of the 50 safest banks in the world, only 5 are U.S.-based, and the highest rank of any of those five is #39.

American Businesses Dying at a Record Rate. Earlier this year, in an eye-opening report, Gallup CEO and Chairman Jim Clifton revealed that “for the first time in 35 years American business deaths now outnumber business births.” Clifton continued, “I don’t want to sound like a doomsayer, but when small and medium-sized businesses are dying faster than they’re being born, so is free enterprise. And when free enterprise dies, America dies with it.” And it’s not just small and medium sized businesses feeling the pinch. The number of publicly traded U.S. companies filing for bankruptcy in a first quarter reached a 5 year-high in 2015. No one, including American behemoths McDonald’s (closing 700 stores this year), Proctor & Gamble (cutting 6,000 jobs), and Microsoft (cutting 18,000 jobs) is immune to the stagnating economy.

Just how bad could it get?

Casey explains:

What could happen? You could have lots of bank failures. You could have a stock market crash. All this money that the government has created has bulled up the stock market to new highs. So, the next step is likely to be down. A lot of people have assets in the stock market, and if they don’t, their pension funds are in the stock market. Most of the cities in this country have and most of the states in this country have gigantic pension liabilities that are underfunded, underfunded even though the stock market is at all-time highs and the bond market is in a super bubble.” 

He continues…

Now, when interest rates inevitably go up from these artificially suppressed levels where they are now, the bond market is going to collapse, the stock market is going to collapse, and with it, the real estate market is going to collapse. These pension funds are going to be wiped out.  Then what’s going to happen? This is a very bad situation. The U.S. is digging itself in deeper and deeper.”


So listen up folks!!  According to Casey, the sky is falling and you better buy his newsletter so you can learn how to make 700% while all the other schleps are tumbling into the sea with their bankruptcy notices strapped around their necks!

But hold on!.... is some of what he says actually true?

Yep!  Actually what he says in this article is a lot of common sense things that we have been saying for years now!

If we are in the Last Days and America is going to implode and set the stage for the Antichrist to set up a New World Order....does Jesus care if you make 700% on your investments because you bet on America's currency collapse?


"But Dennis, Jesus told about the parable of the talents where he gave thousands of dollars to three different men and he was most impressed with the one who made the most money!! maybe Jesus wants us to buy Casey's newsletter so WE can make lots of money!" better re-read that parable.  Jesus wants us using our spiritual gifts, talents, passions and strengths to increase the kingdom during the few short years we have here on earth.

Remember, the people we call "least" here on earth may very well be called "greatest" when we see them crowned in the Kingdom of God.  The little lady reading her Bible and interceding in prayer while she moves spiritual mountains, tears down strongholds and builds hedges of protection may be virtually unknown by anyone around her....but she may have more wealth stored up in heaven than Donald, Hilary and Bill Gates have stored up here on earth!

Friends, don't be surprised if America falls into a gigantic hole made from trillions of dollars of debt that they will never be able to repay unless they devalue the currency like the governments of Germany, Argentina, Bolivia, Zimbabwe and numerous others have done throughout history.

Things will not ALWAYS be as they are now.  Nations ALWAYS rise and nations ALWAYS fall. God ordains it.


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