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AUSTRALIA BEWARE
GLOBAL FINANCIAL MARKETS MELTDOWN
· AS BANKRUPT USA GOVERNMENT BLEEDS
(NaturalNews) 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 on NaturalNews.com.
Just 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 bailout 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.
Bailing out the rich while stealing from the working class
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.
The way out? Hyperinflation of the currency
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 exuberance." 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.
Who will bail out the
U.S. government?
As banks are failing, the FDIC is bailing them out. The FDIC, of course, insures
banks against catastrophic loss. Thanks to a string of recent bank failures, the
FDIC is now down to its last $43 billion in reserves. Sounds like a lot, right?
Well consider this...
Washington Mutual looks to be headed towards outright bankruptcy. It's a huge
bank, and if it fails, it will need $180 billion to cover its depositors. That's
$137 billion MORE than the FDIC has.
In other words, if Washington Mutual fails, the FDIC is instantly bankrupt.
So what happens when the insurer itself goes bankrupt? The U.S. government steps
in, of course. Only there's a problem here too: The U.S. government is already
broke! It's $9 trillion in debt right now, nearly double what it was four years
ago. That's nine trillion with a "T" -- it's a whole lot of money, even by
global finance measures.
The government is so broke that it's actually borrowing money from other
countries every single day just to keep its doors open. Day-to-day operations of
the U.S. government, in other words, are not funded by U.S. taxpayers... they're
funded by borrowing money from overseas
investors! And those investors are increasingly realizing they're
fools to loan yet more money to a nation that's already $9 trillion in the hole.
The day is coming when foreign nations and central banks end their welfare
support for the United States of America, and when that happens, all bets are
off... literally. The U.S. government will be forced to shut down within days.
UNLESS, of course, it finds a way to steal money from the People and continue
funding its own operations.
How the U.S. government plans to steal every last dollar
from you
It just so happens there's a very clever way for the U.S. government to transfer
virtually all the
wealth from the hands of its citizens into the pocket of the U.S.
Treasury. It requires no direct theft, no taxation and no new laws. In fact, it
can be done quietly, silently, and without any warning. In fact, it's already
started to happen.
What is it?
The runaway creation of new money. Fire up the printing presses in Washington,
Chief! Here comes a trillion dollars in fiat currency!
Yes, ultimately, the United States government will have no choice but to print
its way out of debt, and it will do it by creating so much new money out of thin
air that your own money becomes virtually worthless. Sure, you'll still have
your $5,000 in the bank; it just won't be worth $5,000 anymore.
Today, you can use $5,000 to buy a motorcycle. After the U.S. government
hyperinflation bailout, you might be lucky to be able to buy a
bicycle with the same $5,000. If things get really bad, you'll be lucky to trade
it for a skateboard.
So what can you do to protect yourself from all this? For one, don't leave your
dollars hanging around as dollars. Right now, you can convert silly paper
dollars into REAL things like land, gold,
food or even shares in selected companies.
Those who survive these financial hard times will be those who are best
informed (and who ignore all the nonsense from the mainstream media).