I've been on the road, and not sure when I'll be able to connect to the 'net again, so this may be several days old news when you read this. Continuing and confirming what I've been telling you for the last several weeks, Standard and Poor's has just officially rated U.S. Treasury bonds as negative, sending the stock and bond markets into the first, and so far minor, tizzy. Folks, this is only the beginning, and I predict somewhat of a recovery for a short period of time. The major collapse won't happen until the IMF removes the dollar as the world standard currency. WHICH MAY HAPPEN AS SOON AS NEXT MONTH, but surely within 1 to 1 ½ years. This is another major red flag, and warning to those sharp enough to heed the signs.
Lest you think I am a voice crying in the wilderness, USA Today's editorial page today (4/18/11) is confirmation of everything I've been telling you about the last several weeks. If you have faith in our politicians in D.C. to do what's necessary to avoid the coming collapse, then do nothing. If you, like me, have lost faith in our politicians to actually accomplish anything that doesn't involve their reelection, then you need to take steps to protect your assets. Once again, I am not going to give you any concrete advice, other than to say put your money in things and places that do not involve the U.S. dollar. The rest is up to you.
http://www.usatoday.com/news/opinion/editorials/2011-04-18-SampP-kicks-Obama-Congress.htm
Good luck and may God have mercy on us all,
Dumb Farmer
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