|
Life in
a fallen, rebellious, Satanically controlled world
that is under God's curse is full of difficulties,
trials, problems and hardships - even for the
sons and daughters of God. Here in the state of
Michigan we are experiencing many hardships. Our
unemployment is the highest in the nation. Tens
of thousands have lost their jobs, including quite
a few members of Shema. Some families have had
to leave the state; one had to leave the country.
One family has had to separate and live in different
states. Times are difficult for many, and I am
sure that things are likely to get more difficult
in 2010. Why?
The government
adopted a foolish kind of economic philosophy
that was doomed to fail called Keynesian economics.
Instead of letting the forces of a free market
adjust on their own - which is a healthy thing,
since recessions function to cleanse the economic
body - Keynesian economics calls for government
intervention whenever there is a recession. Stimulate
the economy! Lower interest rates! Deficit spend!
Create more credit and money!
This perfect
storm has been building for decades and includes
such outrageous policies as going off the gold
standard in 1971, which allows un-backed paper
money to be created at will; ever-expanding big
government spending programs; running increasingly
huge deficits for 40 years through every administration,
both Republican and Democratic; encouraging the
off-shoring of manufacturing and other good paying
jobs; and government regulators being negligent
and allowing insane quantities of insurance derivatives
and sub-prime mortgages to be created and bundled
together and sold. The government has been buying
up the bad debts of private banks and companies,
which transfers the losses from private parties,
who were negligent and should take the losses,
onto the public. The government responds to every
crisis by distorting how bad things really are,
and by creating more money and credit and debt
to delay the day of reckoning - pretending and
extending - which only makes a bad situation worse.
All of
these economic errors have brought us to the point
where we are headed into an economic winter. Because
of all of these things, the dollar, no longer
backed by anything, is headed much lower and may
even completely collapse. I am convinced that
we are headed into a hyper-inflationary depression.
It has already started, and in 2010, I think it
will start hitting with much greater force. I
have been warning you about this for years, and
it is happening.
A word
to the wise: Take steps to protect yourselves
from a profligate and corrupt government that
creates money out of nothing. Be prudent with
your finances. Be frugal. Cut your discretionary
spending. Save as much as you can. Get out of
dollars and US bonds and other fixed income instruments
like corporate bonds denominated in US dollars.
Get into real money that can't be printed by a
corrupt government. Get your wealth and savings
into gold and silver. We are headed for all kinds
of troubles - very serious economic and political
and social troubles.
|
