Tag Archives: recession

Years ago, the financially conscious in this country saw the precipice ahead and attempted to fight our downhill locomotion towards it. We did this in the hope that through the system, we could affect greater understanding and greater transparency. Our efforts have yielded an astonishing surge in awareness among the public, but very little in the way of diffusing the economic time-bomb we now sit on. There comes a point in any impending disaster when evasion is not an option, and we can only prepare, strengthening ourselves to absorb the trauma. Ron Paul’s Fed Audit Bill was in my view our last chance of working within government to deflect or at least soften the fall we are about to experience. Unfortunately, the Senate has partly derailed Paul’s efforts by passing a toothless proxy supported by CFR member Chris Dodd. The proxy bill allows a one time only audit of the TARP bailouts utilized by the Fed, but not an audit of the Fed’s actual accounts and stockholders. In short, the bill is impotent.

Ron Paul’s bill still has broad based support, and we should continue to fight for it, but do we have the time? I do not believe the Federal Reserve will ever submit to a full audit of its policies and accounts, and is simply dragging out the process until we are in the midst of the final stages of this collapse. Europe’s decline is accelerating faster than most anticipated, threatening to set off a chain of dominos leading straight to the U.S. If anything, this situation proves that the concept of globalism is impractical; through obligatory interdependency, any handful of nations can drag the rest of the world underwater like a cinderblock tied to our feet. Yet, more globalism is being presented as the only solution to our ills!

We and many others have been predicting that the climax of the downturn which began in 2007 will be initially triggered this year. According to the fundamentals, there is no way that we can avoid a currency implosion this late in the game. My suggestions for preparation remain the same as they always have; buy silver, buy gold, buy food, and a means to defend yourself. We might not be able to halt the collapse, but we can survive it, and rebuild in such a way as to ensure such tragedy is never forced upon us again.
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