D.C. FIDDLES WHILE AMERICA BURNS

MY FRIENDS, THIS IS A DIRE WARNING! Remember me telling you about the International Monetary Fund (IMF) issuing a formal warning to the U.S. several months ago that our debt level was unsustainable? That we needed to cut spending drastically and increase tax revenues. So, what have our glorious politicians done about it? Cut the equivalent of one drop of water in the ocean out of the budget so far. Neither Republicans nor Democrats have even come up with a bill yet, they're passing 2 week budgets at a time, called Continuing Resolutions, or CR's.

The truth is it won't matter anyway. It's way too late now. The IMF is now proposing to replace the U.S. dollar with a brand new currency based on an average of 6 or 7 different currencies as the world standard. Yep, that's right. And China is the biggest one. This is going to happen. Almost certainly within the next 2 years. Maybe within the year. When this is implemented, it is going to cause a financial disaster that will make the Great Depression look like a cakewalk. Why are they doing this? Because the dollar has lost so much value in the last 10 years that it's only worth 60% of what it was then. Because they know it's only going to get worse. Why? I could write 10 pages full of why's but here it is in a nutshell: In order to pay just the interest on our debt, the Fed has been printing more and more money. That causes each dollar to be worth less and less. That's what we know as inflation.
What we're going to get when the IMF makes the change is hyperinflation. We'll be lucky if our dollar retains 40% of it's current value. THAT MEANS EVERYTHING YOU BUY IS GOING TO GO UP 60%! THAT MEANS YOUR 401K, YOUR IRA, YOUR CD'S IN THE BANK AND THE MONEY IN YOUR POCKET immediately will only be worth 40% of what it is today. Many, many people won't even be able to afford food and there will be riots in the streets.

Now I know you're going to be rolling your eyeballs, thinking I've become a real whack job. Do a little research for yourself. Find out China is unloading it's U.S. dollars as fast as they possibly can. They are buying up companies and real estate everywhere else in the world but here. Find out that the richest people and corporations in our own country are doing the same. Unloading U.S. assets as quickly as they can, replacing them with foreign investments. They know our currency is going to collapse. That's why gold and silver prices have skyrocketed.

OK, I'm not saying this to "toot my own horn", but because 90% of my readers are personal friends and I don't want to see you hurt. But I remind you of what I just said a few posts back: I have a 20 year plus track record of being extremely accurate at predicting things like this. But I don't want you to take my word on this, look into it yourself. I'm not going to tell you how to protect yourself, you're all smart enough to figure out ways to do that.

May the Lord help us all in these coming hard times,
Dumb Farmer