Perhaps, at an earlier time in our country's history, it might have made sense for Secretary of State John Kerry to formulate a $1 billion loan guarantee for Ukraine. Besides working with the International Monetary Fund and international organizations to arrange the loan, the Obama administration is also considering additional direct assistance to Ukraine.
The plain fact is that the United States itself might quickly end up resembling two countries that are in the depths of an economic doldrum, Spain and Greece. We are no longer an abundant country, overflowing with wealth and unlimited resources, but instead have become a country on the edge of a monetary wreck. With a $16 trillion dollar financial obligation, we need to obtain money from China and other countries just to keep the lights on.
US credit will certainly experience a downgrade if the public debt balloons to $21 trillion, and it looks as if Kerry is speeding us on our way with his wishes to conserve the Ukraine. What if the United States placed its money to put people back to work? In the United States, the rising unemployment rate is probably twice the official rate of 8.2 percent.
As far back as 2006, top economists like Wiedemer were talking about the looming collapse of the U.S. housing market, a decline in the equity markets, and a fall in consumer spending because of rising private debt. Today, much of what was predicted back then is showing up through some alarming trends-high unemployment, a plunging stock market, and a spiking annual inflation rate.
Let's face it--Federal Reserve Chairman Ben Bernanke and also former Chairman Alan Greenspan, left with the task of damage control, have done the reverse. And while the crisis they crafted by recklessly printing money proceeds unrelentingly, Kerry has actually explored the Ukraine, guaranteed aid, and cautioned Putin's military to stand down.
Now, if that's not ridiculous enough, here's one more twist to the story. While the Obama administration is hunkering down with Congress to supply a $1 billion financing guarantee to protect that country from minimized energy subsidies, Russia will probably counter that initiative by raising gas rates. Now get this-because the Russians are the majority holders of Ukrainian financial obligations, the money from the U.S. will wind up in Russian banks.
It's like the Titanic's captain and crew playing poker while the ship is heading straight for an iceberg. We have been talking about the wisdom of investing in your future for some time now by getting God's money-precious metals like Gold and Silver-because it will not be long now before the paper in your billfold will be worthless.
The plain fact is that the United States itself might quickly end up resembling two countries that are in the depths of an economic doldrum, Spain and Greece. We are no longer an abundant country, overflowing with wealth and unlimited resources, but instead have become a country on the edge of a monetary wreck. With a $16 trillion dollar financial obligation, we need to obtain money from China and other countries just to keep the lights on.
US credit will certainly experience a downgrade if the public debt balloons to $21 trillion, and it looks as if Kerry is speeding us on our way with his wishes to conserve the Ukraine. What if the United States placed its money to put people back to work? In the United States, the rising unemployment rate is probably twice the official rate of 8.2 percent.
As far back as 2006, top economists like Wiedemer were talking about the looming collapse of the U.S. housing market, a decline in the equity markets, and a fall in consumer spending because of rising private debt. Today, much of what was predicted back then is showing up through some alarming trends-high unemployment, a plunging stock market, and a spiking annual inflation rate.
Let's face it--Federal Reserve Chairman Ben Bernanke and also former Chairman Alan Greenspan, left with the task of damage control, have done the reverse. And while the crisis they crafted by recklessly printing money proceeds unrelentingly, Kerry has actually explored the Ukraine, guaranteed aid, and cautioned Putin's military to stand down.
Now, if that's not ridiculous enough, here's one more twist to the story. While the Obama administration is hunkering down with Congress to supply a $1 billion financing guarantee to protect that country from minimized energy subsidies, Russia will probably counter that initiative by raising gas rates. Now get this-because the Russians are the majority holders of Ukrainian financial obligations, the money from the U.S. will wind up in Russian banks.
It's like the Titanic's captain and crew playing poker while the ship is heading straight for an iceberg. We have been talking about the wisdom of investing in your future for some time now by getting God's money-precious metals like Gold and Silver-because it will not be long now before the paper in your billfold will be worthless.
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Want to find out more about precious metal investing, then visit Anne Trimble's site on how to buy gold and silver.
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