Financial Information To Prepare Us For Economic Survival
Recently, financial crisis is all we hear. We are bombarded with financial information everyday! From the time we wake up in the morning until we go to bed. We watch television, listen to the radio on the way to work, and we get pieces of information about our economy.
Below is the latest news I read and it prompted me to post this to bring awareness to everyone. Whether you are from one political party or another, it does not really matter. At the end of the day, we are all going to be affected by the financial crisis that is happening today. This article was posted from The Daily Crux which is an online financial newsletter I read from time to time to educate myself.
You can take the information for what it is worth and be prepared to protect yourself and your family for any crisis you may face.
Shocking admission from Tim Geithner:
U.S. on the brink of catastrophic collapse
Thursday, January 06, 2011
From SHTF Plan:
....For those 17% of people who think the economy is in recovery and the other 33% who believe it will happen soon, we point you to the latest statement from current Treasury Secretary Timothy Geithner, who outlines the severity of the problem in a January 6, 2011 letter to Congress writes:
"I am writing in response to your request for an estimate by the Treasury Department of when the statutory debt limit will be reached, and for a description of the consequences of default by the United States.
Never in our history has Congress failed to increase the debt limit when necessary. Failure to raise the limit would precipitate a default by the United States. Default would effectively impose a significant and long-lasting tax on all Americans and all American businesses and could lead to the loss of millions of American jobs. Even a very short-term or limited default would have catastrophic economic consequences that would last for decades..."
The Treasury Secretary of The United States of America just said that if we don't get another $1 trillion or so dollars by March of this year then this country will begin to default on its debt obligations. These remarks are extremely serious and should be understood for what they are.
We are, literally and without mixing words, on the brink of economic catastrophe.
To understand the implication of this news, more of this article can be read here.
If you search the internet on Geither's remarks, you will also find similar posting.
Aside from the article I came across above, there are other interesting information and video by Porter Stansberry that I watched recently. It really made me think how best to protect myself and my family financially. This information is thought-provoking as it talks about the end of America as we know it and how the current financial climate will change our way of life.
The other night I was reading my email from S&A Digest and I thought this is one I should share with you all. This article has nothing to do with politics but more of economics as the author, Porter Stansberry, had pointed out and I agree with this. Our way of life is being impacted every day by the actions and economic policies of our government. It is important that we learn and understand what is going on and look at other's point of view no matter how provocative it sometimes come across like this article.
This information is meant to be shared to educate yourself and for you to make the right financial decision and choice for your family.
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