WARNING: ON JULY 1ST 2014 YOUR FINANCIAL FUTURE WAS CHANGED FOREVER
President Barack Obama's new law House of Representatives Bill # 2847 came into effect. 99% of the American Public do not understand this bill.
On this date, U.S. House of Representatives Bill "H.R. 2847" went into effect. It will usher in the true collapse of the U.S. dollar, and will make millions of Americans poorer, overnight. You now have just several months to prepare.. In less than three months the Department of the Treasury will start trimming payments on
portions of the $17.3 trillion-plus national debt, with unpredictable and unstudied consequences. Acting in violation of legal commitments to purchasers, the Department will chop 30% from interest payments due to some foreign holders of hundreds of billions, perhaps trillions, of dollars' worth of Treasury securities.
Possible results of this consciously inflicted partial federal default could include mass dumping of bonds by jittery holders, a rise in the rate the government pays for debt service, and undermining the dollar's status as the world's reserve currency.
The impact on the U.S. and global economy is, literally, incalculable
http://www.forbes.com/sites/realspin/2014/04/14/is-america-about-tostumble-into-a-credit-default/ · You need to act now and be one of the few who can reduce this effect getting to understand Bitcoins could be the best investment you have ever made · If foreign government's lose faith in the US Dollar its unique status as reserve currency will evaporate and no amount of printing can prop up the dollar. Consider this facts too. In another year or so, it is expected that 1 in every 20 persons will be a regular user of Bitcoin in the developed world; enjoying the positive effects along with the savings benefits on every payment form. With the increased possession of Bitcoins, there will also be a rise in acceptance of
Bitcoins by small merchants. In this way they will be saving a small percentage on the fees, which in turn can indicate double profit, since many operate on small margins.
So, you can definitely expect a number of small merchants to accept these digital currencies in a few months. .
And there's more! The second generation of crypto coins has already started growing, and will probably grow up to 1-5% of Bitcoin very soon, offering not only monetary benefit, but also other services as well. To mention a few of these accessory services, we will have file sharing, messaging, trading, contracts, along with other features which were not available earlier in such an accessible as well as simple way. An extract from stansberry research.
The Greatest Danger America Has Ever Faced? I believe that Americans are about to see a major, major collapse in our national monetary system, and our normal way of life. Basically, for many years now, our government has been borrowing so much money (very often using short-term loans), that very soon, we will no longer be able to afford even the interest on these loans. Again... I say these things as an expert in accounting and financial research. You may not think things are THAT BAD in the U.S. economy, or that our government
spending is not "that bad," and I don't want to overwhelm you with numbers, but consider just one simple fact...
Every single hour, of every single day, the U.S. government spends about $200 million that it doesn't have.
Yes, that's every hour of every single day... 24 hours a day, seven days a week, including Sundays, Christmas, Thanksgiving, Easter, and every other holiday.
For a point of reference, consider that in just two months, the government Yet borrows more money than the combined annual profits of the 100 biggest publicly traded companies in America.
That's absolutely incredible, isn't it?
Again, every hour of every single day, we are spending $200 million we don't have.
Does that sound sustainable to you?
you'll rarely see this fact reported anywhere else.
Normally, I study these kinds of numbers when I'm looking at a business to invest in or to recommend to my readers. But lately I've spent most of my time looking into our national balance sheet, because as the banking system collapsed in 2008... all of the bad debts were absorbed by the world's governments. And it continues to this day.
Read More: Bitcoin Guide Step by Step for Begginer
We began the year 2013 with a net public debt that has more than doubled since the year BEFORE Barack Obama took office.
These overwhelming public financial obligations are completely unprecedented in the history of our country, outside of the two major global wars we fought in the 20th century.
But even these incredible figures don't tell the real story. Or even half of it.
Various other government agencies and private companies taken over by the government also have obligations of nearly another $5 trillion. We've already booked complete losses on $140 billion worth of these obligations. Yet they remain completely off the federal balance sheet.
When you add these other, genuine, federal obligations that exist right now, today, you come up with a total debt figure that's much more than $20 trillion. Far more than half of these debts were assumed under President Obama.
We don't know what the full burden of these new and existing debts will be in total, over time.
That's because the Federal Reserves power to manipulate interest rates is unlimited--at least for now that's the case.
We don't know how much of Fannie's and Freddie's bad debts will eventually be covered by the U.S. Treasury. (We do know they have an unlimited line of credit... so it's a safe bet that we haven't seen the last of these charges.) Finally, we have no idea what the eventual costs of the Federal Reserve's ongoing expansion of the monetary base will be over the long term.
There is one thing that's certain, however: these debts will not be free. They will carry a burden.
Today, we have more government debt than any country in the history of the world. We have more debt than every country in the European Union... combined.
With each additional commitment we sink further and further into debt... closing in upon the moment that we can simply no longer afford even the interest payments on our obligations.
And here is the part that really matters... the costs of maintaining our debts are about to skyrocket.
Right now the Federal Reserve is manipulating interest rates down to almost zero. As a result, the interest rate at which our government can borrow money is at a record low level. In fact, the Federal Reserve has lowered its benchmark interest rate ten times since August 2007, from 5.25% to a zone between zero and 0.25%. Obviously, the current rate won't last forever.
But what will happen if the average real interest rate ends up being just 4% annually, and we pay it off over 30 years like a mortgage?
Incredibly, we'll spend $34.3 trillion to simply repay what we owe right now. If the rate ends up being 6%, we'll spend $43.1 trillion.
Now, of course, our politicians believe that through policy and currency manipulation, they can simply avoid paying any of these costs. They can order the Federal Reserve to prevent interest rates from ever rising to a level that would cost the American people anything. They believe they can manage
the economy, so the debts of Fannie and Freddie won't go bad. They believe (without any proof whatsoever) that they can stimulate the economy by even more deficit spending, so that it grows faster, allowing tax revenues to produce a surplus. Repaying these debts, they say, will be easy and painless.
But you know better, my friend. You must know better. The wages of sin must be paid. And they will be paid.
Just consider the plans of those who argue otherwise.
Paul Krugman, one of the most widely read and respected "economists" in the country wrote about this incredibly naïve and ridiculous solution in a January 7th, 2013 New York Times column.
He said: "There's a legal loophole allowing the Treasury to mint platinum coins in any denomination the secretary chooses. Yes, it was intended to allow commemorative collector's items but that's not what the letter of the law says. And by minting a $1 trillion coin, then depositing it at the Fed, the Treasury could acquire enough cash to sidestep the debt ceiling while doing no economic harm at all."
Very few people, even our most influential economists, seem to remember that the utility of money and credit are based upon their soundness.
Money allows people to exchange goods and services widely, greatly increasing the specialization of labor and facilitating the economic magic of competitive advantage. Money also plays the critical function of
facilitating communications between and among many disparate actors. Price changes guide producers and consumers. But... when the money can't be trusted... this entire system breaks down. The price signals can't be relied upon. And it becomes harder and harder for people to exchange labor and capital.
President Barack Obama's new law House of Representatives Bill # 2847 came into effect. 99% of the American Public do not understand this bill.
On this date, U.S. House of Representatives Bill "H.R. 2847" went into effect. It will usher in the true collapse of the U.S. dollar, and will make millions of Americans poorer, overnight. You now have just several months to prepare.. In less than three months the Department of the Treasury will start trimming payments on
"Foreign governments could lose faith in the US dollar causing chaos"
Possible results of this consciously inflicted partial federal default could include mass dumping of bonds by jittery holders, a rise in the rate the government pays for debt service, and undermining the dollar's status as the world's reserve currency.
The impact on the U.S. and global economy is, literally, incalculable
http://www.forbes.com/sites/realspin/2014/04/14/is-america-about-tostumble-into-a-credit-default/ · You need to act now and be one of the few who can reduce this effect getting to understand Bitcoins could be the best investment you have ever made · If foreign government's lose faith in the US Dollar its unique status as reserve currency will evaporate and no amount of printing can prop up the dollar. Consider this facts too. In another year or so, it is expected that 1 in every 20 persons will be a regular user of Bitcoin in the developed world; enjoying the positive effects along with the savings benefits on every payment form. With the increased possession of Bitcoins, there will also be a rise in acceptance of
"You will see more and more merchants accepting Bitcoin"
So, you can definitely expect a number of small merchants to accept these digital currencies in a few months. .
And there's more! The second generation of crypto coins has already started growing, and will probably grow up to 1-5% of Bitcoin very soon, offering not only monetary benefit, but also other services as well. To mention a few of these accessory services, we will have file sharing, messaging, trading, contracts, along with other features which were not available earlier in such an accessible as well as simple way. An extract from stansberry research.
The Greatest Danger America Has Ever Faced? I believe that Americans are about to see a major, major collapse in our national monetary system, and our normal way of life. Basically, for many years now, our government has been borrowing so much money (very often using short-term loans), that very soon, we will no longer be able to afford even the interest on these loans. Again... I say these things as an expert in accounting and financial research. You may not think things are THAT BAD in the U.S. economy, or that our government
"Everyday the U.S Government spends $200 m it does not have"
Every single hour, of every single day, the U.S. government spends about $200 million that it doesn't have.
Yes, that's every hour of every single day... 24 hours a day, seven days a week, including Sundays, Christmas, Thanksgiving, Easter, and every other holiday.
For a point of reference, consider that in just two months, the government Yet borrows more money than the combined annual profits of the 100 biggest publicly traded companies in America.
That's absolutely incredible, isn't it?
Again, every hour of every single day, we are spending $200 million we don't have.
Does that sound sustainable to you?
you'll rarely see this fact reported anywhere else.
Normally, I study these kinds of numbers when I'm looking at a business to invest in or to recommend to my readers. But lately I've spent most of my time looking into our national balance sheet, because as the banking system collapsed in 2008... all of the bad debts were absorbed by the world's governments. And it continues to this day.
Read More: Bitcoin Guide Step by Step for Begginer
"The net public debt has doubled since the year before Obama took office"
These overwhelming public financial obligations are completely unprecedented in the history of our country, outside of the two major global wars we fought in the 20th century.
But even these incredible figures don't tell the real story. Or even half of it.
Various other government agencies and private companies taken over by the government also have obligations of nearly another $5 trillion. We've already booked complete losses on $140 billion worth of these obligations. Yet they remain completely off the federal balance sheet.
When you add these other, genuine, federal obligations that exist right now, today, you come up with a total debt figure that's much more than $20 trillion. Far more than half of these debts were assumed under President Obama.
We don't know what the full burden of these new and existing debts will be in total, over time.
That's because the Federal Reserves power to manipulate interest rates is unlimited--at least for now that's the case.
We don't know how much of Fannie's and Freddie's bad debts will eventually be covered by the U.S. Treasury. (We do know they have an unlimited line of credit... so it's a safe bet that we haven't seen the last of these charges.) Finally, we have no idea what the eventual costs of the Federal Reserve's ongoing expansion of the monetary base will be over the long term.
"To repay our debts if interest rates rise to 6% , will take $43 trillion"
Today, we have more government debt than any country in the history of the world. We have more debt than every country in the European Union... combined.
With each additional commitment we sink further and further into debt... closing in upon the moment that we can simply no longer afford even the interest payments on our obligations.
And here is the part that really matters... the costs of maintaining our debts are about to skyrocket.
Right now the Federal Reserve is manipulating interest rates down to almost zero. As a result, the interest rate at which our government can borrow money is at a record low level. In fact, the Federal Reserve has lowered its benchmark interest rate ten times since August 2007, from 5.25% to a zone between zero and 0.25%. Obviously, the current rate won't last forever.
But what will happen if the average real interest rate ends up being just 4% annually, and we pay it off over 30 years like a mortgage?
Incredibly, we'll spend $34.3 trillion to simply repay what we owe right now. If the rate ends up being 6%, we'll spend $43.1 trillion.
Now, of course, our politicians believe that through policy and currency manipulation, they can simply avoid paying any of these costs. They can order the Federal Reserve to prevent interest rates from ever rising to a level that would cost the American people anything. They believe they can manage
"The treasury effectively printed a $1 trillion dollar coin"
But you know better, my friend. You must know better. The wages of sin must be paid. And they will be paid.
Just consider the plans of those who argue otherwise.
Paul Krugman, one of the most widely read and respected "economists" in the country wrote about this incredibly naïve and ridiculous solution in a January 7th, 2013 New York Times column.
He said: "There's a legal loophole allowing the Treasury to mint platinum coins in any denomination the secretary chooses. Yes, it was intended to allow commemorative collector's items but that's not what the letter of the law says. And by minting a $1 trillion coin, then depositing it at the Fed, the Treasury could acquire enough cash to sidestep the debt ceiling while doing no economic harm at all."
Very few people, even our most influential economists, seem to remember that the utility of money and credit are based upon their soundness.
Money allows people to exchange goods and services widely, greatly increasing the specialization of labor and facilitating the economic magic of competitive advantage. Money also plays the critical function of
"When money cannot be trusted the whole system breaksdown"
facilitating communications between and among many disparate actors. Price changes guide producers and consumers. But... when the money can't be trusted... this entire system breaks down. The price signals can't be relied upon. And it becomes harder and harder for people to exchange labor and capital.
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