2 Reasons why the U.S. Economy is going to crash

The economy is going to crash. It’s no longer conspiracy or speculation, it’s already happening and will continue to happen. This blog post will present evidence.

To be honest, I had reservations about writing this, because I’m not an economist, but because this blog is about how to own less, live more, in order to achieve freedom in your life, I think it’s appropriate to address this issue.

Freedom means facing facts
Freedom in your life means you have to face facts, no matter how uncomfortable the facts may seem to be. This blog post will present some facts about the economy, and what you can do with those facts to prepare yourself for what’s coming, and to have freedom in your life from the lies and corruption of the banks and mainstream media.

Omniscience is the zenith of responsibility
The more you know, the more responsible you become. For this reason, I suspect some people might dismiss this blog with a wave of the hand, then go back to watching TV or idly clicking around Facebook. That’s understandable, since it’s easier to dismiss uncomfortable news than it is give it serious thought, then take action, even if we’re ridiculed for it.

At the same time, it’s important to know what’s coming down the road, so you can prepare for when the road curves ahead. This is especially important if you happen to be driving during a rainstorm at night. Right now, America is a car that’s rolling down a hill in a rainstorm at night. If you live in America, you’re a passenger. Economically, the United States is slowly heading toward a cliff. But as time passes, the car picks up speed. As a passenger, you need to prepare yourself, by jumping out of the car, now, and telling others to jump out, too. You might suffer some scrapes and bruises, but it’s nothing like what you’ll suffer if you jump out later, when the speed of the car has accelerated and the world outside is a blur of motion.

America is over.

The economy is going to crash.

Money, paper money, and money in the bank, is going to become worthless.

As the Federal Reserve continues to print more paper money, then inject this into the economy, the money is going to become worth less and less and less, until it’s just plain worthless. This is inevitable.

Scarcity creates demand and value. Surplus does the opposite. The additional billions of money that’s going into the economy is making it become worthless.

Visit the links to articles and videos
Visit the links to articles and videos for evidence that this is already happening. When you click on a link, another page will open. If you don’t have time or interest in reading this, open the videos and turn up the sound.

Here’s 2 reasons why the U.S. economy will crash.

1. Russia and China quit using U.S. dollar
When countries begin to lose faith in the value of a currency, they quit using it for transactions. (What this meant was that when either country wanted to purchase something from the other one, they would convert their currency into U.S. dollars, then make the purchase.) The fact that both countries have quit using the U.S. dollar is significant, because they don’t trust in the value of the dollar.

When an entire country does not trust in the value of the money that you are working so hard to earn, it’s time you asked yourself: Does this money really have any intrinsic value?

What this will trigger is a domino effect, in that when other countries see that Russia and China are no longer using the U.S. dollar, they will decide to quit using the U.S. dollar as well.

Articles

China and Russia no longer using U.S. dollar

China, Russia quit dollar

U.S. Reality Check: China, Russia drop the dollar

Russia and China quit the dollar

Videos

Russia, China drop dollar – CNN stays quiet

Russia and China dump the dollar (not reported by CNN or MSNBC)

China & Russia ditching the dollar = Currency Wars

2. Federal Reserve quantitative easing will further devalue dollar

What is quantitative easing?
It is the action by the Federal Reserve to print $600 billion dollars of money, then use that money to buy troubled assets (mortgage-backed securites) at above-market prices. What this does, however, is devalue the dollar. When there is a surplus of U.S. dollars, the value of each dollar goes down. (On the flip side, this is why gold and silver are such good investments, because there is scarcity and both gold and silver hold their value.)

The Biggest Bank Robbery in History? More Quantitative Easing means backdoor bailouts for the big banks without having to go through Congress

What does quantitative easing mean?
It means the massive devaluation of the dollar. Because the dollar is becoming worth less and less, it means you are going to need more dollars in order to buy something. It means massive inflation coming to the United States.

Articles about quantitative easing:

Quantitative Easing – The Economic Collapse Blog

U.S. Dollar Devaluation

Videos about quantitative easing:

Feds lead America to the brink of collapse with QE2

Peter Schiff – It’s Scary how clueless Bernanke is

Quantitative Easing explained

What is the Federal Reserve?

The Federal Reserve is laundering money

summary
The fact that China and Russia are no longer using the U.S. dollar for bilateral trade agreements, and the fact that quantitative easing will further devalue the U.S. dollar, causing massive inflation (meaning your money will basically be worthless) is indication that the U.S. economy will crash.

What you can do to prepare yourself
In an upcoming blog, I’ll be telling you what you can do to prepare yourself, right now, so that when things get worse, you will have something of value, and food to eat.

The price of food is rising
Because the U.S. dollar is becoming worth less and less, the prices of food are rising fast. Even the price of cotton has gone up 100%. What this means is this: You need to treat your spending habits differently. You need to take action now. One thing you can do is start stockpiling food. Especially stuff that can last and that is useful–like canned tuna, sardines, soups. Prices will only get higher, so start buying food supplies today.

If the economy does not crash, and you follow the preparation suggestions in this blog, you will still have something of value and food to eat, so you’re still ahead of the game.

Share this blog
If you’ve learned something from this blog, please share it using the button below. Thank you. Remember to check out the next blog, where I’ll show you what you can do to prepare for the economic collapse that will probably hit America toward the end of 2011, if not sooner.