Written by Damon Geller
The Bankrupt State
What happens when America goes
bankrupt? The $17 Trillion question? Let’s be clear, America is
already bankrupt. “Bankrupt” is defined as “any insolvent debtor” – a
debtor whose liabilities exceeds its assets. The U.S. government, by its
own admission, is a bankrupt entity. Not bankrupt “soon,” bankrupt
NOW. To the tune of just OVER $17 trillion. In an attempt to
fabricate the illusion of “growth,” the Fed and their bank-owned politicians
poured trillions of dollars of YOUR money into big banks and the markets in
order to prop up stocks, bonds and real estate after the 2008 economic
collapse. The idea was to “fix” the economy by pouring 1,000 gallons of
high-octane debt-gas on an already raging debt-fueled bond fire.
Of course, REAL growth never
materialized. Instead, all that these criminals managed to accomplish
with their money-printing was to blow up new bubbles, widen the income divide,
and dramatically increase the wealth of a select few at the expense of the rest
of us. The tragic result: the USA’s liabilities now exceed its
assets by an amount so astronomical it’s almost incomprehensible. And by
its own admission, that hole will be getting deeper each year until we reach
$28 trillion in debt by 2018. Or until the Ponzi scheme blows up.
What Now?
The questions now are, what happens now
that America is already bankrupt? How do broke governments survive as
long as they can? What are they capable of doing when they know their
fate is at hand? How do the Ponzi masters keep the Ponzi scheme going?
The answer to all these questions may
shock you: The U.S. government has made several highly controversial
moves to be in position to seize control of all your financial accounts!
They’re using legislation and authoritarian power in collusion with the modern
financial system to gain access to your private assets in the name of
“protection”, “security” or “national emergency.” But in reality, your savings
& wealth have become a prime target for confiscation.
How can they do this? Well, the
“beauty” of the modern financial system – to a banker or an insolvent
government – is the ease at which they can access your wealth with the stroke
of a computer or a new law or tax. When you combine the digital banking
& financial system with the overreaching legislative power of an insolvent
government, we citizens don’t stand a chance. Unlike English soldiers
breaking into the homes of colonists, today’s government can be far more
subversive. Just take a look at these government regulations &
initiatives that are right now in the process of taking effect:
FATCA: As everyone
has heard by now, the July 1st FATCA provision requires foreign
financial institutions such as banks, stock brokers, hedge funds, pension
funds, insurance companies, and trusts to report all U.S.
citizens’ accounts directly to the IRS. The government can’t put its
paws on your money if it doesn’t know where it is. The more information a
government has on the movement, location & size of global citizen wealth,
the more efficiently and effectively it can create legislation & systems to
control that wealth. FATCA even requires reporting to the IRS by foreign
private companies on any income made by a citizen of the U.S. whether they live
here or not. And FATCA, once implemented, will negatively impact the U.S.
dollar, the global economy, and our international relationships.
MyRA: In the State
Of The Union Address – and coincidentally just as soon as the Fed started
tapering their endless QE treasury-buying experiments – Obama announced the
creation of the MyRA – your retirement money will now be used to pay for U.S. debt. The MyRA is nothing
more than an investment scam being sold to the American people as a
you-can’t-lose, zero-risk investment by the pitchman-in-chief himself.
The reality is, since the Fed can’t conjure up money from thin air to buy the
debt anymore, and our foreign friends don’t want our debt anymore, Obama needs
to sell it to John Q. Public. Since the federal government has done so
well at everything from delivering mail to affordable healthcare, what could
possibly go wrong with jumping into the investment advisory business?
Where do I sign up?
CARDS: The Financial
Industry Regulatory Authority, which oversees how investments are sold,
proposed what it calls CARDS – Comprehensive Automated Risk Data System – which
is an electronic system that will regularly collect data on balances and
transactions in all 4100 brokerage accounts nationwide. CARDS is disguised
as a way to “protect” investors, but the system is clearly designed to have
detailed information on the structure & location of every citizens’
investments. Since the government needs us to support its debt (because
outside interests no longer do), wouldn’t it be convenient to know and control
the structure or every investment portfolio in America?
So for the first time ever, The U.S.
government is directing you where to invest your savings & retirement and
has gained full access to the activity in every single citizen’s bank accounts,
retirement accounts, brokerage accounts and trading accounts. The IRS
will also have full visibility on any oversees accounts, income, equity or
other earnings, effectively giving them access to all the wealth of every
American citizen no matter where they reside on earth. So now that we
know what they’re doing and why they’re doing it, the question for you
is: what are you doing to safeguard your savings & wealth?
There’s Only One Place to Hide
With our desperate government gaining
unprecedented access to your financial accounts everywhere in the world, you
need to take action NOW to protect your savings &
retirement from possible capital controls. But if the government has its
hands in your bank accounts, retirement accounts and brokerage accounts, is any
place safe?
Absolutely. There’s ONE asset
class this sits outside the financial system and is completely secure from
government confiscation and global economic collapse: Gold
& Silver. Gold & Silver have been the best wealth
protectors for over 5,000 years and have survived every government &
currency collapse in history. Today, physical gold & silver are
selling in record numbers around the world. Central banks around the
world and nations like China are stockpiling gold as a hedge to any possible
collapse of all the dollars they hold.
The government has spent way beyond its
limits. And now you know that the government is seizing control of your
financial accounts. So the time is now. Protect your savings &
retirement with physical gold & silver before you have nothing left to
protect. (Call 800-226-8106 to receive your free copy of Damon Geller's
popular book, "Rescue Your Money from the National Debt Disaster," or
see below)
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