If You’re In The USA You Just Got Robbed – Again!
“If we stay on the path we’re on, riots and social upheaval are coming” says David DeGraw of www.AmpedStatus.com
- What would you do if the government told you you would have to pay an additional 20% of your salary in taxes salary?
- And at the same time the cost of food, gas and practically everything else you buy regularly rose dramatically?
- How would you feel if the government announced they were going to steal 20% of all the money that you and your family have saved in the bank?
Well they just did exactly that…
Your government hasn’t called this a tax increase, they’ve called it a “quantitative easing” or QE2 (they’ve already stolen 10% from you in QE1) which is Wall Street bankster lingo for “ripping your financial heart out”!
“If we stay on the path we’re on, riots and social upheaval are coming” says David DeGraw of www.AmpedStatus.com
It is tragic that most people simply don’t have the time or the inclination to try and understand what is going on in the USA where the “financial terrorism network” is based.
Maybe this chart below will help you understand how it affects you… And this is just the beginning folks.
People are thinking that the last two years of this economic collapse were bad. They naively believe that somehow “things will get better soon…” That “we’ve faced tough times before and we’ll pull through” but, we’ve never, ever been in this situation before.
If you are one of the millions of people who would like to understand what the current economic collapse means to you – in real simple terms – please take a few minutes to listen to the explanation in David DeGraw’s video below.
David DeGraw’s website can be found at www.AmpedStatus.com
Nobel prize winning economist Joseph Stiglitz told Yahoo’s Daily Finance on October 20th: “But there’s a broader sense of collateral damage that I think that has not really been taken on board. And that is confidence in our legal system, in our rule of law, in our system of justice. When you say the Pledge of Allegiance you say, with “justice for all.” People aren’t sure that we have justice for all.
Somebody is caught for a minor drug offense, they are sent to prison for a very long time. And yet, these so-called white-collar crimes, which are not victimless, almost none of these guys, almost none of them, go to prison.”
There is no recovery, it will not get better soon.
In fact over the next few years it’s going to get much worse and as my long time readers will testify after reading articles like “The Greatest Theft And Cover Up In American History.” We’ll see blood in the streets and massive civil unrest in the USA in the not so distant future, the US government knows this and I guarantee you they are preparing for it and… so should you!.
Want To Hear From A Real Money Manager?Not The Chairman of the Fed – Ben Break-The-Bankey?
Mr. Gross is a founder of PIMCO, managing director and co-CIO in the Newport Beach office. He has been associated with PIMCO for more than 39 years and oversees the management of more than $1 trillion of fixed income securities.
The comments below were made by William H. Gross in his “Run Turkey, Run” article about the Fed’s renewed commitment to Quantitative Easing (QE)
“We are being conned, folks; Democrats and Republicans alike. What have you really heard from either party that addresses America’s future instead of its prurient overnight fascination with scandal? Shame on them and of course, shame on us. We’re getting what we deserve. Vote NO in November — no to both parties. Vote NO to a two-party system that trades promises for dollars and hope for power, and leaves the American people high and dry.
… with growth in doubt, it seems that the Fed has taken Charles Ponzi one step further. Instead of simply paying for maturing debt with receipts from financial sector creditors — banks, insurance companies, surplus reserve nations and investment managers, to name the most significant — the Fed has joined the party itself. Rather than orchestrating the game from on high, it has jumped into the pond with the other swimmers. One and one-half trillion in checks were written in 2009, and trillions more lie ahead.
The Fed, in effect, is telling the markets not to worry about our fiscal deficits, it will be the buyer of first and perhaps last resort. There is no need — as with Charles Ponzi — to find an increasing amount of future gullibles, they will just write the check themselves. I ask you: Has there ever been a Ponzi scheme so brazen? There has not. This one is so unique that it requires a new name. I call it a Sammy scheme, in honor of Uncle Sam and the politicians (as well as its citizens) who have brought us to this critical moment in time. It is not a Bernanke scheme, because this is his only alternative and he shares no responsibility for its origin. It is a Sammy scheme — you and I, and the politicians that we elect every two years — deserve all the blame.
… But either way it will likely signify the end of a great 30-year bull market in bonds and the necessity for bond managers and, yes, equity managers to adjust to a new environment.”
VIP Member ‘Sprite’ has started a Discussion Forum thread about this article which you can see here. We’d love to hear your comments.
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Written by Scott Oliver, author of 1. Costa Rica Real Estate Scams & How To Avoid Them, 2. How To Buy Costa Rica Real Estate Without Losing Your Camisa, and 3. Costa Rica’s Guide To Making Money Offshore.
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