The Dollar Bubble: Disaster in the Making

During the past year and a half, I published several articles warning of DIRE CONSEQUENCES if our Federal Government passed the Bailout and Stimulus packages and reformed Healthcare without regard to the resulting budget deficit.

In my article, Stop the Madness: No More Bailouts!*, I said those dire consequences would be a WORTHLESS DOLLAR, RUNAWAY INFLATION and TOTAL ECONOMIC COLLAPSE!  In a "60 Minutes" interview at that time, Barack Obama stated that the economic bailout would trump the budget deficit and that "...we shouldn't worry about the deficit next year or even the year after..."  Well, since that time, President Obama has made good on those promises.  He passed a TRILLION DOLLAR Stimulus Package, a MULTI-BILLION DOLLAR bailout for the auto companies and is, now, ramrodding a MULTI-TRILLION DOLLAR Healthcare Reform Package through the Congress, none of which this country can afford.  All this has been done despite the most fervent outcries from the American people that I have seen in my lifetime!

In my article, Urgent Call to Action: Stop the Stimulus Package*, I restated my concerns and urged readers to contact their elected representatives and demand they vote down these bills.  Millions did exactly that.  And thousands more exercised their right to peaceful demonstration in the form of TEA PARTIES throughout the nation.  But, as we all know, the will of the people was ignored.  The TRILLION DOLLAR Stimulus Package containing BILLIONS OF DOLLARS OF PORK was passed.  And the MULTI-TRILLION DOLLAR Healthcare Package, it's true cost misrepresented, is being RAILROADED through the Congress behind closed doors by means of ARM-TWISTING, HARASSMENT and, out in out, BRIBERY.

This President, Congress and the Federal Reserve are creating a DOLLAR BUBBLE similar to the credit and real estate bubble that led to the near economic crash in November of 2008.  This time, however, the consequences will be exponentially worse.  Our Dollar is about to fail.  This will lead to the TOTAL ECONOMIC COLLAPSE of the United States!  The resulting calamity will be unimaginable.  Ten percent unemployment will be remembered as "the good old days"!  People will starve.  As happened in Germany, those that have money will need to fill wheelbarrows just to buy food (see picture on right)!

I know this seems impossible.  The United States is the strongest country in the world; the last Superpower.  We are "too big to fail", aren't we?  No, we are not!  Many countries have suffered TOTAL ECONOMIC COLLAPSE in the last 20 years.  The results were disastrous.  The country of Iceland experienced TOTAL ECONOMIC COLLAPSE in October of 2008.  Already, other countries are turning their backs on the dollar in favor of other means for international trade.  If we can't convince other countries like China to finance our future debt, the dollar will immediately fail.  And there's already talk of that.

I believe we still have a chance to save the dollar, our economy and our country.  But to do so, we MUST IMMEDIATELY convince the President, Congress and the Federal Reserve to reverse their course of unbridled spending, debt and printing of currency.  Thus far, they have ignored us.  Our protests must be larger and louder.  I challenge each of you to do everything you can to voice your concern and demands of our Federal Government.  At the very least, write your elected officials and demand they vote down the final Healthcare bill when it goes before Congress.  Demand they stop spending the bailout and stimulus funds they still have and use them to pay off our debt.  Don't even let them start on Stimulus II.  They're already talking about it.  Go to the "Let Your Voice Be Heard" section at the top right of this page and enter your zip code under the words "Write to Congress".  You will be taken to the Congress.org website where you will be able to send letters directly to your elected officials.  Time is running out!

Below, is a fascinating video produced by the NATIONAL INFLATION ASSOCIATION which explains the current DOLLAR BUBBLE in detail.  It includes interviews from economists and members of Congress explaining how we got here, how the scenario will develop and what the consequences will be if we don't change our course. You may not sleep well after you view this video, but you owe it to yourself to view it.

BE AFRAID.  BE VERY AFRAID!

*For further insight into the Dollar crisis, view my article, An Inconvenient Debt: Economic Apocalypse.