I recall a somewhat similar situation to the current financial crises when Jimmy Carter was president. A financial adviser told me the price of gold was soon to take off. It was a period of high inflation. Fuel prices were soaring. I closed out my savings account and bought Kugerands at $267. Within two months the price was over $700.
In my email yesterday, Larry Edelson, a financial advisor posted notice that the greatest scam of all times is taking place. He took the words right out of my mouth. If you would like to have a financial expert guide you, Edelson’s Web address: http://freedownload.is/pdf/larry-edelson-scam
Edelson says I can kiss my government entitlement goodbye. It will buy little. He says the present situation leaves open fantastic investment opportunities, and that he is at the front line closely watching the financial juggling for economic control of the world. Edelson, an American citizen, expert in precious metals and natural resources, now lives in China. He says that although it has not yet been admitted, China has overtaken the United States as the world’s number one economy. He cites figures to prove it.
Communist China is judged to be number one in education, the United States fourteenth. China’s technology has surpassed the United States. While the United States is drowning in debt, China has surplus cash to buy resources and to loan debtor nations money. Does this mean America should go communist? We are such saps. While America has gone socialistic, Communist China has adopted the free enterprise system—the system fascist Obama and czars have taken charge of, thereby leaving the United States with less than two percent economic growth opposing China’s seven to nine percent. American wages are six times the wages of Chinese workers. I was shocked to find out that China is now the number one manufacturer of automobiles. In China, an automobile is a fraction of the cost the American people pay. Nary a one of China’s cheap automobiles is exported. The devaluation of the dollar leaves the American people with high priced automobiles. By and through the Obama shell game, union workers in America are paid handsomely and the economy suffers. We can’t compete with China.
Obama complains that China is deliberately keeping China’s yuan low in value to beat US competition, yet bows and scrapes to borrow China’s surplus cash. China is calling the shots. Each of the parties has something to gain. China is the lord of the land; we Americans are the peasants of feudal Europe. Cut off the money from China and the United States would be forced into bankruptcy.
China is taking over the world’s economy. Adding to America’s financial woes, foreign investors are pulling their investments out of America. A poor economy means less tax revenue and increasing pressure to raise taxes, and of course on the rich, the job producers. It is a no-win situation that has been building for at least 50 years. America’s leaders, Republicans and Democrats, see no evil, hear no evil, and speak no evil. They have painted themselves into a corner. They are helpless. Take your choice in the coming election. America has lost her place as the shining city on the hill and will never gain it back.
America’s leaders remain bumming their way to hold onto their power. That makes it easy for those who see the handwriting on the wall to make a financial killing, by simply following the lead, China.
The only way Obama can ever service—let alone pay off—America’s massive $15.2 trillion debt is to pay the debt with deliberately cheapened dollars, the usual and customary political shell game. Hand the money out with the left hand—redistributive justice—and take it back with the right—push grandma over the cliff and blame it on the opposition. Senior citizens, like everyone else, are finally going to pay the price of living in La La Land. Actually, America’s political leaders are all in the game of deceiving the American people into believing they have the answers. You’ve got to know that before you can effectively plan what to do.
If you are going to become an investor, first, it is necessary to know the rules of buying and selling. It’s tricky and complicated. That’s why I’ve stayed clear of paper transactions, why I like gold and silver as inflation hedges. By hiring Edelson, I’ve received reports on the tricks of the trade. It is essential that I learn these before doing anything. I don’t have a lot of time, according to Edelson.
To sum it up, because of America’s government entitlements and consequent lack of control in spending, Washington is forced to work with Beijing to devalue the dollar. This means that foreign investors are looking elsewhere. Not good. We’ve lost that advantage. Global leaders, the U.N., the International Monetary Fund, and the World Bank are demanding that the dollar be replaced as the world’s reserve currency. You don’t get this kind of advice from Wall Street. Wall Street and Washington are in bed together, pulling the wool over investor eyes. What happened to all that investor money that suddenly disappeared? On Wall Street it is hand is quicker than the eye. All the years of the unfair American advantage are soon to end. My friends, you don’t want to be there to take the hit.
It just so happens that my book, In Earth as It Is in Heaven 2012 is going to hit the market when Washington’s crap hits the fan.
It is estimated that if the dollar is replaced, the dollar would suddenly drop to 20 cents. At the present time, the two parties, America and China, are quietly negotiating how to keep the American people thinking the economy is recovering, at the same time slowly devaluating the dollar—paying off the debt with cheaper dollars, thereby strengthening the Chinese yuan. It is a win-win deal for the two parties, and a loser for the American people, through government created inflation. While the American people dream on, the dollar is going to be depreciated down to its real worth on the world market. This has never happened. The Washington-Beijing way, China most likely to be able to make the Chinese yuan the world’s reserve currency—switch places with the United States—our political leaders sweet talking us into accepting their colossal fraud. So get real. When you live in Rome, you do as the Romans do.
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