Crash Course: Chapter 13 – A National Failure to Save (2 of 2) by Chris Martenson
Posted by admin in Finance Saturday, 15 May 2010 06:40 14 Comments
Chapter 13 (A National Failure To Save – Part 2 of 2): “The next twenty years are going to be completely unlike the last twenty years.” — Dr. Martenson. Chapter 13 begins his explanation for this deeply held belief. On every level of our society, there has been a failure to save. Individuals, cities, counties, states, and corporations have all failed to save, but, more importantly, so has our federal government. Our government has pursued a reckless policy of debt accumulation, while neglecting saving and investing, leading to Dr. Martensons claim that the United States is insolvent. Insolvency, which occurs when ones liabilities exceed assets, is first step on the road to bankruptcy. www.chrismartenson.com
The U.S. Government has proven itself criminally incompetent, with no plans on changing course with successive administrations. While the Obots are busy rearranging the deck chairs on the Titanic, our ship of state has not changed course in decades. What is the moral choice? To feed the machinery of our destruction (obey immoral laws?), or go Galt, prepare yourself and in doing so, risk becoming an enemy of the state? My labor belongs to me, not the collectivists who have bankrupted us.
@perspektuv You change your money into something other than currency. Precious metals are the most obvious choice, but most other commodities will work too.
Technically, even stocking up on goods that you know you’ll use in years from now (because they keep) will also work as a form of savings.
I like the truck in the sinkhole about drinking water systems
@bluzy25 The government holds no gold. Check out the audit of the treasury in 1981, the Federal Reserve owns all of the gold. The government owns zero gold, check it out.
So if you do save money, even in a pickle jar under your bed, those theives of darkness will rob you by making your money worthless. One dollar for us, a million for them?
2:59 scares all monkeys. . . .
Yes, the dollar has lost it’s lustre, and now, only real commodities will be accepted. We need to get real, and sound.
Sure there is. South Africa will sell you as much gold as you need, but we won’t be accepting US dollars. You will have to trade real resources for our gold. And the current gold price will skyrocket probably by a multiple of 10 or even 100 times its present value.
Watch how the South African Rand becomes one of the strongest international currencies.
I can’t belive I’m laughing…this is so depressing that it is funny.
1:53 My Fellow Americans, watch me as I screw you over whatever leftover hopes of a decent future you may have left ! And you can’t do shit about it !
That country is so broken…
Scares small monkeys!!
There isn’t enough gold in the world to back our debt. anyways…
There is none. We gave it up during the Nixon administration. The gold window was closed becuase we were about to run out.
what about the gold the government holds?