| Personal message from Devvy Updated: April 4, 2008 The Bush Administration and Ben Bernanke, Chairman of the privately owned Federal Reserve Banking System have finally come clean: the recession is well underway and it's only going to get worse. Economists not on the payroll of the federal government are trying to warn Americans that we are already dipping into a depression because the numbers don't lie: The $53 TRILLION dollar asteroid Unfortunately, many Americans are being deceived into believing the so-called 'economic stimulus package passed by Congress and signed off by Bush in January 2008, is somehow going to bring relief to the American people. Do Americans remember Bush's last 'economic stimulus package?' http://archives.cnn.com/2002/ALLPOLITICS/01/07/bush.economy/index.html January 8, 2002. WASHINGTON (CNN) -- "Fresh from a holiday vacation at his Texas ranch, President Bush met Monday at the White House with his economic team and Federal Reserve Chairman Alan Greenspan to discuss ways to jump-start an economy in recession." It didn't work then and it won't work this round. The situation has deteriorated expotentially and these Band Aids will not even make a ripple. Tragically, millions of Americans are going to suffer great financial hardship. I started warning people back in 1998 about the coming financial tsunami that is sweeping the country. Sadly, it is upon U.S. I encourage you to give Eric Levinson a call at El Dorado Gold. He is an expert in the field of protecting your assets and there is no obligation. Owning gold is an investment that never loses its value. It contains important information and data that could mean the difference for you and your family. My husband and I got out of the stock market in 1987 when we took a small bath. Never again. Gold is always king. Click here to go to El Dorado Gold's web site. "If we run into such [government] debts, as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in twenty-four, give the earnings of fifteen of these to the government for their debts and daily expenses, and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes, have no time to think, no means of calling the mismanagers to account; but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-suffers." Thomas Jefferson December 28, 2007 Americans are on information over load, but it is imperative everyone
understand exactly how deep the sub prime melt down and corruption of
our currency is going to affect their future. It's not a matter of if
a recession is going to happen - it's already underway. A recession
is the precursor to a depression when things are so bad, no Band Aid
is going to stop the hemorrhaging. '08 is not going to be pretty. The sub prime melt down is a manifestation of corrupted banking policies
and Americans getting in over their heads. The beast (the privately
owned Federal Reserve) is now eating itself and the consequences are
going to be dire for the people of this country. Inflation is already
hitting the middle class and the poor. It will increase, make no mistake
about that. Americans are already feeling it at the grocery store and
along with the cost of oil, it's only going to get worse. Economic Stimulus Package: Macabre Waltz Into the Abyss My visit to a tent city in Ontario, California: http://www.newswithviews.com/Devvy/kidd338.htm I have written many, many columns about the coming financial tsunami
over the coming "baby boomers" retiring - some 77 MILLION of them beginning
in '08 right off the bat. Think about this: What happens when a person
retires? Let's take a man who makes $200,000 a year. His retirement
set aside with social security is $50,000 a year. Right there just one
person's income decreases by $150,000. The thieves at the IRS will now
tax that individual at $50,000 instead of $200,000. Same for states
with a personal state income tax. Multiple that by the number of baby
boomers getting ready to retire. Some with more retirement, others who
will scrape by on social security and a small pension. Get the big picture? Tax revenues will dwindle, but all this out of
control spending by CON-gress and the state legislatures demands funding. These are just a few of the current head lines: Crisis may make 1929 look a 'walk in the park' Our economy is based on debt and debt is not prosperity. The economy
needs you to stay in debt. A terrible formula for Americans. The U.S.
Treasury is over drawn $9 TRILLION dollars as I write this and increases
at a rate of $7 million dollars per minute. Every "dollar" being spent
by Congress is a hot check with the worst to come: $45 trillion gap seen in US benefits Where is mother government going to get this "short fall" from? Try
this one: Congress
Ignoring Looming Financial Catastrophe I urge you to consider diversifying a portion of your portfolio or savings
into gold because gold doesn't lie and it never loses it's value. Not
in thousands of years. Visit www.eldoradogold.net
for a wealth of information on this important issue. It amazes me how
many Americans simply ignore the risk of losing everything they've ever
worked for instead of doing what the world's richest people do and that
is own gold. Eric can answer your questions and help you in understanding what is
best for your situation. His number in Florida is: 623.643.8785 Or, if you're closer to the Phoenix area and would rather deal with
someone on your side of the country, call Harvey at: 928.227.2621; cell:
602.228.8203 Don't put off protecting your assets. Central banks around the world are scrambling and the banks are writing off hundreds of BILLIONS in losses. It's not going to be a "happy" new year. Prepare for the worst, it's the smart thing to do. |
