Who is Controlling Your Future?
The once mighty, once good-as-gold dollar has lost more than 95% of its value. In the last three years, the dollar index has dropped 30%. Before this decade ends, It’s estimated the dollar will lose 75% of its 2000 value, if it does not collapse and disappear altogether.
The dollar is held together only by foreigners' willingness to recycle dollars received in trade into U.S. government securities. Foreigners now own over half of all U.S. government debt.
The U.S. balance of trade deficit topped $600 billion last year, and will probably grow this year again. U.S. imports are now 50% greater than U.S. exports, and now we have begun importing even agricultural commodities.
In the last 25 years the United States has transmuted from the world's largest creditor to the world's largest debtor. In the last 15 years foreigners have accumulated $3.6 trillion in U.S. assets.
Every two or three years the world financial system is terrorized by crises that threaten to bring down the entire system by what Alan Greenspan euphemistically calls "cascading cross defaults."
The U.S. economic system, like a heroin addict, requires ever-larger doses of monetary dope to stimulate it into activity.
Combined government and private U.S. debt totals three times U.S. gross Domestic product., Once that debt starts to crumble, it will collapse in a deflationary spiral that no inflationary injections can cure.
But as the last four years have shown, inflation is the only weapon the government and the Fed have, and they will use that weapon until the dollar is inflated into worthlessness.
The U.S. stock market topped in 2000, and there is no technical or historical evidence that the slide then begun will not continue for 10 or even 20 years, dragging the U.S. economy down with it.
And the retirement pensions invested in that stock market will be dragged down with it. If the corporations that promised that retirement have not gone bankrupt by the time you retire and taken your retirement down the hole with them, there won't be much retirement left anyway.
And don't count on social security, which reaches demographic and financial bankruptcy about 10 year's from today. Neither should you clutch to your breast the hope that Busch's so-called "reform" will bail out social security. It won't.
Nor should you count on real estate for safety, for Greenspan's inflation has blown up a classic real estate bubble that will soon burst and drag values down to 50, 25, or even 10% of their present levels.
All these are the consequences of the government-business partnership: inflation, instability, terrorized insecurity alternating with phantom prosperity. For you and your children.
Now the question is: “who is controlling your future”? If ever before NOW is the time to create, develop and build businesses which will produce generational wealth for our children and grandchildren …..The Decision is Yours!
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