How to Protect Your Family from the Greatest Economic Disaster in Recorded History
posted by Josiah Garber on April 20, 2009
in Economics
It’s going to be a real disaster…
The current administration’s economic strategy will create an unmitigated disaster – not only our country’s worst financial calamity, but the greatest economic disaster in recorded history.
I first warned my readers about what was happening last December, in a letter titled The End of America:
“The coming great inflation will destroy America’s economic leadership. It will lead – eventually – to the return of settling international obligations in gold instead of paper dollars. And this will happen much faster than anyone expects.
“By the time Obama leaves office, you will not be able to exchange dollars for any sound currency in the world without permission from the U.S. government. The price of gold will be well over $2,500 per ounce. Most importantly, commodities will no longer be priced in dollars either, but instead in the currencies of the leading producer. Americans haven’t experienced anything like this since the Great Depression.”
Since I wrote that first warning, I have become much more concerned and much more afraid. What the president has done is actually worse – much worse – than even the dire scenario I had envisioned. Not only is the administration planning on enormous deficit spending this year, but the current plan calls for increasing deficit spending for the next decade – spending that will more than double our entire national debt during his presidency.
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