U.S. Headed for Another Great Depression, Unless…

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U.S. Headed for Another
Great Depression, Unless…
The government pretends that Americans won’t be facing dangerous inflation by 2012. The facts show otherwise.Yesterday Standard & Poor’s Ratings Services cut its outlook on U.S. creditworthiness from ‘stable’ to ‘negative,’ increasing the likelihood of a downgrade from its triple-A rating. The exit strategy from large budget deficits and rising government debt fueled by entitlements remains unclear, giving S & P great concern.U.S. stock prices immediately fell sharply on the downgrade news, while gold prices crested $1,500 an ounce. Sadly, we feel this is the shape of things for many years to come.

The government’s response: “We believe S&P’s negative outlook underestimates the ability of America’s leaders to come together to address the difficult fiscal challenges facing the nation,” said Assistant Secretary of the Treasury Mary Miller.

“Give me a break,” says businessman and author Craig R. Smith.

“Our political leaders have made far too many promises that can no longer be kept. Someone has to tell the people the truth. Do you really think that will happen during an election season?”

“If Americans are betting the future of our country on the ability of our leaders to come together and agree on cutting the spending in Washington, we are in very serious trouble, as I have warned for more than a decade now,” says Mr. Smith.

Following the Great Depression Economic Playbook?

“The reality is that we are following virtually the same economic playbook as we did 80 years ago in dealing with the Great Depression, which resulted in a false recovery, followed by the most painful contraction in U.S. history with a 25% unemployment rate,” says Smith, author of Crashing the Dollar: How to Survive a Global Currency Collapse.

“In 1929 we decided to borrow, print and spend money that we did not have in order to prompt a ‘recovery.’ It didn’t work then and it will not work now. In my opinion it is going to take not only a credit downgrade, but the potential loss of the U.S. Dollar’s Global Reserve Currency status before the proper decisions are made to address the underlying problems.

“Get ready to have the value of your time, labor and dollar assets also headed for a major downgrade!” says Smith.

“Sadly the U.S. has become a parasitical society, which contains more parasites than hosts. Forty-seven percent of working age Americans pay no income tax. Unless the entire economic system changes dramatically, it faces collapse. We must cut our entitlements such as welfare, Medicare, Medicaid and Social Security, or we will end up with more takers than makers to pay for all of this spending.”

What this means to consumers is scary indeed. Inflation data last week confirm that the cost of living is rising much faster than wages. We are on a trajectory to crush the middle class within five years unless urgent, decisive action is taken now. The traditional safety net of home equity today no longer exists.

Housing Prices Still Searching for a Bottom

If you are one of millions of Americans sitting tight and waiting for the U.S. housing market to recover, please take two aspirins and then review the chart above.

As you can see from this chart of the last 120 years, we have just lived through the biggest housing bubble in history. Millions of Americans are now upside-down in their homes, and bankruptcies are still on the rise.

Worse yet, at the exact same time housing prices cratered, U.S. debt and deficits skyrocketed following the “Great Recession” of 2008. Now the chickens are coming home to roost and are laying inflationary eggs, just in time for Easter!

That sucking sound emanating from the White House is your family’s financial future, and the purchasing power of every dollar of your life savings, being flushed down the drain!

To help Americans grasp the urgency and gravity of our present situation Mr. Smith has written a new easy-to-read White Paper outlining the tough debt-and-deficit choices our leaders must make.

Mr. Smith has delivered a copy of this important White Paper to every member of the House and Senate and is now offering YOU a free copy to read before it is too late.

Six Secrets You’ve Never Been Told about Inflation:

Most of us have been deceived into thinking that high inflation is the inadvertent by-product of misguided or unlucky government policies.

As Mr. Smith’s new White Paper will show you, inflation IS the government policy. The approaching tidal wave has been deliberately set in motion. This investigation will show you how and why.

Rising commodity prices are just the warning signs of hidden forces driving the fast-approaching inflation tsunami.

Beneath the surface, inflation is being used as a government tool for: 1) helping political friends and harming enemies, 2) advancing an ideology, 3) secret taxation, here and abroad, 4) social engineering, 5) wealth redistribution, and ultimately 6) absolute power.

THE USES OF INFLATION: Monetary Policy and Governance in the 21st Century explains why inflation is much more than higher prices, and what steps you and your family can take to survive, thrive and even prosper during the hard economic times in America’s immediate future.

Call 800-289-2646 now. I will make sure this 40-page report is emailed or mailed to you today. Register here for a FREE copy of “USES OF INFLATION: Monetary Policy and Governance in the 21st Century”White Paper!

BONUS DVD: Swiss America will also include their new 2011 A Rare Opportunity DVD, which details how to protect your assets from the coming inflation tsunami.

Register here for “THE USES OF INFLATION” and, as a bonus, Mr. Smith’s latest DVD (a $30 value) – FREE in this special WND offer!

You’ll soon understand why gold and silver are inflation-proof money.

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Register here for “THE USES OF INFLATION” and, as a bonus, Mr. Smith’s latest DVD (a $30 value) – FREE in this special WND offer!

You’ll soon understand why gold and silver are inflation-proof money.

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