Perhaps, at an earlier time in our country's history, it might have made sense for Secretary of State John Kerry to formulate a $1 billion loan guarantee for Ukraine. Besides working with the International Monetary Fund and international organizations to arrange the loan, the Obama administration is also considering additional direct assistance to Ukraine.
But the United States itself could soon end up becoming a bigger version of Spain or Greece, two countries that are in the depths of financial crisis. We are no longer a rich country, but a nation on the edge of financial ruin. With a $16 trillion dollar debt, we have to borrow money from China and other nations to stay afloat.
If the national debt balloons to $21 trillion, US credit rating will experience a downgrade. Despite this looming disaster, Kerry wants to save the Ukraine. Is it too difficult to think of spending the cash placing folks back to work here in the United States? Our rising unemployment is possibly two times the 8.2 percent put out by official statisticians.
Leading economic experts like Wiedemer, as far back as 2006, were discussing the looming collapse of the United States housing market, a decrease in the equity markets, and a fall in customer spending due to increasing personal debt. Today, a lot of what he forecasted is showing up in trends like high joblessness, a diving stock market, and a spiking yearly cost of living.
Federal Reserve Chairman Ben Bernanke, as well as former chief Alan Greenspan, who were entrusted with troubleshooting economic peril, have done a good job in creating just the reverse. And while the dilemma they engineered by reckless printing cash proceeds unmitigated, Kerry has toured the Ukraine, guaranteed assistance, and notified Putin to de-escalate his armed force.
Now, if that's not crazy enough for you, here's one more twist to this tale of official lunacy. While the Obama administration is planning to collaborate with Congress to give a $1 billion financing guarantee to shield that nation from reduced energy subsidies, Russia will most likely counter that initiative by elevating gas prices. Yet because Russians are the bulk holders of Ukrainian debt, the money from the U.S. will wind up in Russian financial institutions.
It resembles the Titanic's captain and staff playing Texas Hold'em while the ship is heading straight for an iceberg. We have been talking about investing in your future for a long time now by getting God's money -- precious metals like Gold and Silver-- because it will not be long now before the paper in your wallet will certainly be worthless.
But the United States itself could soon end up becoming a bigger version of Spain or Greece, two countries that are in the depths of financial crisis. We are no longer a rich country, but a nation on the edge of financial ruin. With a $16 trillion dollar debt, we have to borrow money from China and other nations to stay afloat.
If the national debt balloons to $21 trillion, US credit rating will experience a downgrade. Despite this looming disaster, Kerry wants to save the Ukraine. Is it too difficult to think of spending the cash placing folks back to work here in the United States? Our rising unemployment is possibly two times the 8.2 percent put out by official statisticians.
Leading economic experts like Wiedemer, as far back as 2006, were discussing the looming collapse of the United States housing market, a decrease in the equity markets, and a fall in customer spending due to increasing personal debt. Today, a lot of what he forecasted is showing up in trends like high joblessness, a diving stock market, and a spiking yearly cost of living.
Federal Reserve Chairman Ben Bernanke, as well as former chief Alan Greenspan, who were entrusted with troubleshooting economic peril, have done a good job in creating just the reverse. And while the dilemma they engineered by reckless printing cash proceeds unmitigated, Kerry has toured the Ukraine, guaranteed assistance, and notified Putin to de-escalate his armed force.
Now, if that's not crazy enough for you, here's one more twist to this tale of official lunacy. While the Obama administration is planning to collaborate with Congress to give a $1 billion financing guarantee to shield that nation from reduced energy subsidies, Russia will most likely counter that initiative by elevating gas prices. Yet because Russians are the bulk holders of Ukrainian debt, the money from the U.S. will wind up in Russian financial institutions.
It resembles the Titanic's captain and staff playing Texas Hold'em while the ship is heading straight for an iceberg. We have been talking about investing in your future for a long time now by getting God's money -- precious metals like Gold and Silver-- because it will not be long now before the paper in your wallet will certainly be worthless.
About the Author:
Learn more about precious metal investing. Stop by Anne Trimble's site where you can find out all about gold and silver and what it can do for you.
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