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Friday, August 31, 2007

Are You Ready For Economic Collapse?

Ron Paul, a Texas congressman running for president, thinks the billions of dollars
pumped into the economy by the Feds last week will only put off the coming economic
collapse of America.

Ron Paul claims that the dollar is plunging, and no matter what you read or hear, no
matter what they are doing to keep the economy going, eventually there is going to be an
economic collapse, and people are going to suffer.

The father of Reaganomics, Dr Paul Craig Roberts agrees, stating that the economy cannot
go on like it has been. Never before has there been so many people so deeply in debt.
90% of all Americans are living paycheck to paycheck, and have huge debts with no
savings whatsoever.All the good jobs are gone to different countries. Their credit cards are maxed out, they barely have enough money to meet their daily living. If these families lose their low wage jobs or gas goes up to 5 or 7 dollars a
gallon, it could spell disaster for this house of cards.

All these elements combined spell out the direst of warnings for the economic health of
America. We could see millions and millions of people out of work with no place to go,
homeless and broke.

So what can you do to help yourself now? Try to get out of debt, pay off you house if
possible, or sell your house, and get a smaller house that you can pay off so you have a place to live no matter what happens. If you cannot do that,
consider moving the entire family... aunts, uncles, cousins, and grandparents under one
roof and pool your resources. Get rid of all vehicles except one, and live simply. This may
be the only way some people will be able to survive the coming economic upheavals.

Remember for some people economic disaster can be a time of great opportunity. If you
can get out of debt and put some money away, there may be many good “deals” out there
for some people that use common sense. However for vast numbers of Americans, this will be nothing more than a grim time of survival.

Want to know what the father of Reaganomics has to say about the coming invasion of
Iran?? Then make sure to watch for my next blog! Congressman Ron Paul thinks it is just a matter of time before we invade Iran.

1 comment:

Anonymous said...

I just stumbled across your site and this particular post, over a year old, seems prophetic. This time last year, most of America could, or would, not have envisioned the tumbling economy at this level. Amen to your advice, make the choice to live more meagerly and downsize.
Thanks for your thoughts.

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