subject: Protect Yourself From the Government Destroying the Dollar [print this page] Protect Yourself From the Government Destroying the Dollar
What should ordinary people like us do to protect ourselves against the government's destructive policies? These are just a few of the questions that people are asking themselves as they watch the US economy slide into a depression.
The fact that banks have very low stock prices now compared to what they were just a few years ago proves how little trust there is in the American banking system. The banks took advantage of their creative financing schemes and wasted all of their trust around the world on subprime mortgages and securities fraud. Now that so much corruption has leaked out, there is no private capital available for these companies.
So the government has stepped in to begin nationalizing the banking system. Although politicians state that this is the last best hope to prevent a complete meltdown and save the world, and that they are only doing this reluctantly, government has always wanted to take more power. It already has control over the central bank through the Federal Reserve. Now it is taking ownership of the banks, where most of the money in the economy is created.
Nationalizing the banking system through the TARP and other methods is not so much an indication of socialism as it is of fascism in America. The banks will not be owned by "the people," but instead seem to be entering into partnerships with government, where bureaucrats will place restrictions on salaries, bonuses, and dividends, while dictating how the companies are run and who gets loans. The taxpayers, while receiving none of the benefits of the system, will be left on the hook.
The real danger is if the government takes on so much bad banking debt (from defaulted subprime mortgages, foreclosed homes, credit card delinquencies, and so on) that it loses its credit rating. US government debt has enjoyed a AAA rating from the credit rating agencies, but this may change if the government has to create so much debt in order to bail out the financial sector of the economy.
Through its inflationary policies, government can wreck vast areas of the world. Weimar Republic Germany, the US during the Revolutionary War, and Zimbabwe today are all examples of how vast money creation impoverishes a people. The role of money in an economy is too important to leave in the hands of politicians, who too often abuse the printing press.
If this happens in America, the dollar's current position as the world reserve currency will be threatened. As a result of this, the American empire itself may be threatened, as the military and the dollar act in conjunction to keep both the most powerful in the world. Lack of money is already turning America into a depression-era police state in some localities throughout the country.
So what is the solution? In effect, families must become their own central banks and leave behind their blind faith in the dollar and the Federal Reserve. People can purchase small quantities of gold, silver, and other hard assets to protect against a government that has so far created nearly $8 trillion to bail out the banks. Although asset prices are falling now, the overreaction to deflation will lead to hyperinflation down the road.
Homeowners interested in loan modification, foreclosure loans, deed in lieu, and other options tostop foreclosure can find all the information they need by visiting the ForeclosureFish website. Visit the site while you still have time to work out a plan to save your home before the bank has it sold out from under you at a county government public auction. Hundreds of pages of information, solutions, and general advice can be searched through at the website, which can be located here:http://www.foreclosurefish.com/
