Severe economic conditions are coming to a head. U.S. Treasury
bonds are being rejected around the world and may go into default
before long. Closings, layoffs, unemployment, inflation and
commercial real estate vacancies are all worsening.
The fraudulent U.S. government debt is more than the stated $34 trillion, due
to politicized obligations such as Social Security, federal pensions and foreign aid.
With federal government and military waste involved, this debt is growing at an accelerated rate.
The Federal Reserve is unable to find real buyers for U.S. Treasury
bonds anymore, even though they have reduced bond maturities to as
little as 2 years and raised interest rates.
So they "monetize" the
debt by just creating more dollars out of nothing, a recipe for
likely hyper-inflation.
Many foreign governments have begun unloading U.S. Treasury debt,
rather than rolling it over.
More and more nations are now trading without using the dollar,
which had been the "world reserve currency" since World War II.
A growing number of nations are considering conducting trade before
long using only asset-backed currencies.
They know the U.S. government is beyond bankrupt and that their
bonds are not real money.
Many foreign suppliers are unwilling to accept even short-term
treasury bills as payment anymore, so there are fewer imports and
developing shortages.
Big banks are in big trouble as higher interest rates have
lowered the value of their bond, mortgage and other loan holdings.
Many of them are hiding their insolvency.
They may get to the point that they
keep your deposits to stay in business. (This is quietly
legal.)
It would be wise to leave no more money in the
bank than needed to pay current bills, with the rest of cash kept on
hand.
Dollar-denominated assets such as stocks, mutual funds, bonds,
insurance, annuities, etc., as well as pension funds, are not much
safer.
Paper and digital "assets" are only claims on value, that may not
exist in reality. If they are in others' hands, they may not
actually be owned by you.
The U.S. economy is already in an inflationary depression, with
shortages, closings, layoffs, and unemployment, and inflation much higher than
the fake government stats.
Real
Money
~ Money in the bank is
not
yours.
The bank can
use it for their own needs when in trouble and stop your access.
~ The money is
not
in the bank.
Cash on
hand in a bank is limited to the needs of the day. Most of the
assets of the bank are tied up in over-valued U.S. Treasury debt
about to go into default and shaky mortgages and business loans.
~ What is called "money", cash or digital, is
not
really money.
It is "fiat" currency that the government calls
"legal tender", with diminishing value due to excessive production
of it.
Any extra funds are best put into food,
necessities, water purification, supplements, seeds and tools, while
accumulating silver and gold, the real money.
Storable food, fuel, silver and gold are the real value items
and may even become what people trade for other goods and services
if there is a complete collapse of the dollar system.
Gold and especially silver prices have been artificially suppressed
by big institutions using bogus unfulfilled commodity contracts.
Meanwhile, big banks, governments, hedge funds, companies and wise
individuals have been quietly accumulating gold and silver at these
low prices.
It is anticipated that gold and silver prices, already holding
fairly steady, will soar before long as the fiat
money system has just about reached its limit.
(NOTE: Silver prices are considered extremely low relative to even
the price of gold, based on declining availability and so many uses
of silver. For example, silver is essential for electronics and
communications equipment.
Almost all knowledgeable financial experts think
silver and gold accumulation is the way to go for preservation and
potential growth of wealth.
