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Our Dire Financial Situation - Sept., 2008
Mike Adams
Dear NaturalNews readers,
The dire financial situation unfolding in our world today directly impacts you. The safety of your money affects your ability to afford organic foods, nutritional supplements and “alternative” health care services that you have to pay out of pocket. There are also huge implications for Big Pharma and the continued drug industry due to cascading bankruptcies that are about to start impacting city, state and national governments. That’s why we’re covering this financial topic so closely.
Today, the Fed scraped together a desperate, last-minute agreement to provide a jaw-dropping $85 billion in funding to save AIG (the insurance firm). Why did they do this? Because if they hadn’t stepped in to save AIG, the entire global financial system would have collapsed within days. That’s no exaggeration. The Fed was the funder of last resort, and it has just barely averted a global financial disaster so large, nothing in the history of human civilization even compares. This is what happens when $445 trillion in leveraged financial instruments start to unravel…
But the rescue was done by creating money from nothing and injecting it into the system. That $85 billion, it turns out, dilutes the existing money supply, making your dollars increasingly worthless, and in the months ahead, everything you buy is going to get more expensive: Food, supplements, gasoline, rent, health care services and much more.
The Fed, in essence, is stealing billions of dollars from the American people and using it to bail out rich bankers and powerful CEOs of huge financial institutions. That $85 billion is on top of another $70 billion the Fed created just two days ago. It totals $155 billion, or over $500 for every man, woman and child in America. Think about it: The Fed just reached into your pocket and stole $500 worth of purchasing power from you, and if you have a family of four, they just stole $2,000 from you.
And yet that’s only how much they stole in the last two days! Add in all the money creation cash injections in just the last few months, and you get a HUGE number… $200 billion in March, $30 billion to bail our Bear Stearns, $70 billion to prevent a stock market plunge… the numbers just keep mounting. The Federal Reserve is literally printing its way to YOUR bankruptcy. To prevent the failure of wealthy financial institutions, it has decided to decimate the life savings of the American people.
It’s no surprise, of course: Every nation throughout history has done the same. When push comes to shove, governments always sacrifice their people to save their wealthy elite, and the U.S. is no different. This is a “Once-in-a-century type of event,” says former Federal Reserve Chairman Alan Greenspan said on ABC television. “There’s no question that this is in the process of outstripping anything I’ve seen, and it still is not resolved and it still has a way to go,” he added.
These words, remember, are from the king of understatement. When the dot-com crash took place, he famously called it an era of “irrational exhuberance.” Now he’s calling this a once-in-a-century event. That means this is bigger than the ‘87 “black Monday” crash, and possibly bigger than the Great Depression in ‘29.
How to Be Informed, Empowered and Optimistic
This week, I’m being barraged by so many questions from NaturalNews readers about this financial crisis that I’ve decided to host a LIVE audio event beginning next Wednesday (Sep. 27th) where you can join in and listen from your web browser as I cover urgent strategies for protecting yourself from financial disaster so that you can eliminate fear and face the future with confidence.
I want you to be confident, safe and empowered with the information you need to survive and thrive in these challenging times. That’s why I’m covering topics like:
* How to prepare your household with a “natural” medicine chest, including herbs, supplements and first aid items.
* How and where to get long-term storable food like organic quinoa that can feed you through any short-term transportation failures.
* How to protect your savings so you don’t lose your money as the Fed drains more purchasing power from the U.S. dollar.
* Everything I know about Central America, South America (including Ecuador), including where to go for food security and personal safety.
* How to prepare right where you are, in case you can’t leave your current location.
* How to actually profit from bank failures with smart investments that insulate you from falling values.
* Where (and how) to buy gold, silver or precious coins, including my personally-recommended source.
* How to eliminate fear and move forward with confidence. I’ll show you how to face the future with hope instead of fear!
* Three things you can do right now to save yourself from yet more bank failures. The time to act is NOW.
Join me each Wednesday evening, starting Sep. 24th, at 7PM Pacific Time. Listen through your web browser and email me questions in real time that I’ll answer during the event. And at the end, we’ll email you the MP3 files so you can listen to them again (in case you missed any).
It’s a one-time LIVE event. Yes, we charge a little something for it, otherwise our media servers would be absolutely clobbered and the sources we recommend would be completely overwhelmed. It’s a small admission price for the invaluable information you’ll learn, and this event won’t be repeated.
Click here to learn more about the event. I look forward to joining you LIVE on Sep. 24th!
newparadigmdigest.com/430/a-new-paradigm-economics-for-after-the-fall/