The Federal government is gearing up for unprecedented social unrest (worse than Greece or Spain) when Washington is forced to impose “austerity” plans next year… [which will be deemed absolutely necessary to avoid] runaway inflation [that would otherwise occur] to pay for the country’s costly welfare programs like Social Security, Medicare, Medicaid, Food Stamps and massive unfunded liabilities. [Below are the preparations presently underway.] Words: 500
So say edited excerpts from an article* by Ron Holland posted at www.TheDailyBell.com. Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), has further edited the article below for length and clarity – see Editor’s Note at the bottom of the page. This paragraph must be included in any article re-posting to avoid copyright infringement.
Holland goes on to say, in part:
1. Washington beefing up arsenal of ammunition
The Department of Homeland Security just ordered 450 million rounds of special “hollow point” .40 caliber ammunition from defense contractor ATK. The high performance HST bullets are designed for law enforcement and ATK says they offer “optimum penetration for terminal performance.” While we can only guess in what situations this type of domestic firepower might be used by Homeland Security, American citizens should also remember this type of ammunition has been outlawed in international warfare by the Hague Convention Declaration III since 1899. In addition, the Department has an open bid to stockpile rifle ammo, up to 175 million rounds of .223 caliber ammo, the same used by NATO forces.
The Feds Prepare for Social Unrest . . . Shouldn’t You?
Join Senator Rand Paul, Judge Andrew Napolitano, Tom Woods,
Peter Schiff and John Browne, plus over 150 other speakers, for the special “emergency” session at FreedomFest, entitled
“Crisis in America: A Call to Action,” from July 11 – 14, 2012 in Las Vegas.
Learn More About FreedomFest Today! Click this link to learn more about the most important freedom event of the year and when you call FreedomFest, mention The Daily Bell or the website linking to this editorial and receive a $50 discount on a single or $100 discount on a couple registration.
2. Protestors can now be held indefinitely without trial and without legal representation
The new National Defense Authorization Act (NDAA) takes away basic rights of American citizens who are considered “terrorists” or “enemy combatants.” such individuals can now be held indefinitely without trial and without legal representation. After signing the bill, President Obama said he would “never” impose this Act on Americans but don’t bet on it!
3. Unpaid taxes can prevent the issuance of a passport
As part of the federal-aid highway bill, Senator Barbara Boxer (D-California) has added a provision that allows for anyone who owes the IRS more than $50,000 to be denied a passport. (Senate Bill 1813 is now in the House.)
4. TSA now allowed to make random car stops
It’s not enough for swarms of government agents to invade our privacy with enhanced pat-downs at airports, but they are also now engaging in random car stops on highways across America.
5. Anyone taken to jail can now be strip searched
In a 5-4 decision, the Supreme Court ruled last week that police can strip search anyone who is taken to jail. According to the High Court decision, jailers may perform invasive strip searches on people arrested even for “minor offenses.” This is a travesty of justice…
Join me this July
Now, more than ever, your freedoms and hard-earned wealth are in danger. Join over 2,500 freedom lovers and me at FreedomFest to learn how to go forward and defend our liberties, wealth and freedoms from a future crisis in America.
As Benjamin Franklin warned in 1776, “We must all hang together, or most assuredly we shall all hang separately.”
*http://www.thedailybell.com/3831/Where-Do-We-Go-From-Here-in-the-Freedom-Movement (To access the articles please copy the URL and paste it into your browser.)
Editor’s Note: The above article has been has edited ([ ]), abridged (…), and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.
The United States and most of Europe…risk an eruption and collapse of the mountain of unsustainable sovereign debt built up over the last two decades. Frankly, the U.S. dollar and national debt situation is so dire – and our means to contain a sovereign debt crisis so limited by multiple wars and Washington’s debt and political incompetence at home – that anything could happen, almost overnight. [The best] America and most European governments and the central banking elites, which created the criminal sovereign debt fiasco, [appear able to do is] try to buy more time and delay the inevitable. This inaction means the threat of an immediate US debt and dollar collapse cannot be ruled out. Therefore, readers who have not protected themselves certainly have cause to worry because now could be too late. [Let me explain further.] Words: 1689
The demise of America is on borrowed time – and the end game could be dire – unless YOU do something about it. Congress is a tool of special interests – not OURS! As such, WE, as citizens, must become proactive if we are to protect OUR financial future by solving the Washington debt and tyranny problems and preventing foreign nations and/or creditors from forcing OUR country into bankruptcy and collapse! [What can YOU do to help? Read on!] Words: 2971
Mandatory IRAs as proposed by the Obama Administration is just the 1st step in stealth nationalization and forced investment of our retirement benefits to support the treasury debt market! [As such,] every American with substantial retirement assets must [begin now to] protect themselves from having to become buyers of last resort for US treasury obligations. [Let me explain.] Words: 6349
Get ready…Save some cash, load up with gold and silver, and be patient…Start by buying top-grade dividend-paying stocks and gold on dips or corrections, and hold your gold. This era will see the catastrophic collapse of all fiat money. Gold should skyrocket. Get ready for crime and violence…
When the supply of something is increased sharply relative to demand, the value of that commodity will decline. If the supply continues to increase rapidly and indefinitely, then that item will become worth less and less, with the potential to finally become nearly worthless. This is the Developing Disaster facing the US Dollar and the world. This is the factor that could become the single most important criterion in investment allocation decisions and possibly even for individual financial survival…[Let me explain this further by reviewing the 7 major problems facing the U.S. (and thus the world) and how they all will lead to problem #7 – devolution.] Words: 1520
Evidence shows that the U.S. money supply trend is in the early stages of hyperbolic growth coupled with a similar move in the price of gold. All sign point to a further escalation of money-printing in 2012…followed by unexpected and accelerating price inflation, followed by a rise in nominal interest rates that will bring a sovereign debt crisis for the U. S. dollar with it as the cost of borrowing for the government escalates…[Let me show you the evidence.] Words: 660
One of the problems with the debate over the “national debt” is that there’s no generally agreed upon definition of that term. Is it what the federal government owes, or what it owes foreigners, or what the whole country, private and public sector together, owes? Does it include off-balance-sheet items and contingent liabilities? There’s a hundred-trillion dollar gap between lowest and highest on this spectrum, which allows each commentator to confuse the rest of us by picking the measure that best suits their point of view. [Let’s try to decipher the true state of the nation.] Words: 1468
The definition of insanity is to continue doing something that goes wrong, without contemplating that there could be a different course of action…[and we] are heading deeper and deeper into insanity…we are just getting deeper and deeper into problems leaving our children and grandchildren with loans that could well take decades to finish (paying) off. I fear we are now stoking up the conditions, at some point in the future, for serious inflation.
With the U.S. election just nine months off, political pressures will mount to favor fiscal stimulus measures instead of restraint. Such action can only accelerate higher domestic inflation and intensified dollar debasement culminating in a Great Collapse – a hyperinflationary great depression – by 2014. [Let me explain why that is the inevitable outcome.] Words: 2766
Today’s western financial world operates much like government-sponsored medical systems. Mask the problem and give the bankers the pharmaceutical drugs (bail out money) to help them dull the pain and keep them on life support. Letting the free markets work in curing the ailment is not an option because then there would be little need for doctors (governments) or the manufacturers of these drugs (central banks). The banks are sick and should be allowed to pass on…so the virus known as debt does not affect the rest of the population. Unfortunately, the governments and central bankers have only one prescription drug of choice to keep them alive [and that seems to be the supposed cure-all of] printing money… [Let me explain further.] Words: 970
Currency wars arise when a country steals growth from trading partners by cheapening its currency to promote exports. The new currency war began in 2010 when President Obama declared in his State of the Union address that it was the policy of the United States to double exports in five years. Since the U.S. would not become twice as productive in five years, the implication was the U.S. would severely cheapen its currency to achieve this goal. [Let me expand upon this.] Words: 666
The economy is now so manipulated by politicians, big bankers, and special-interest groups that making sense of the markets has become an almost impossible feat. Which is to say, it must push even harder on the levers of its printing presses, further setting the stage for the massive period of inflation we continue to see as inevitable… and for a stunning rise in interest rates. Words: 968
It is widely accepted that Greece is insolvent even though the higher echelons of euro-zone politics still hesitate to use the term, and default swap prices…give virtually 100% odds that Greece will default. The handling of the issue has heightened the perception of risk for other problem countries of the euro zone…such that investors now give 60% odds of default by Portugal…and 30%-plus odds for default by Italy… Even France, with its S&P AAA rating, is now rated more likely to default than Brazil! [In addition, the U.S. is facing the liklihood of a fiscal policy impasse in Congress that could well lead to a recession. As such, as we see it, the risk of contagion in the financial system around the world has risen dramatically. We substantiate our contentions below.] Words: 1612
The debt crisis in the United States is unsustainable, and the debt crisis in Europe is unsustainable. As such, we are facing a global debt meltdown and are heading for an economic collapse. You aren’t going to hear that truth from the media or from our politicians, however, because keeping people calm is much more of a priority to them than is telling the truth – and right now we are in the calm before the storm. Nobody knows exactly when the storm is going to strike (i.e. when the collapse is going to happen) – but it is definitely on the way — and now even Goldman Sachs is admitting [that that is most likely the outcome of the present situation. Here is what they had to say recently in a “secret” document that has just now been made public.] Words: 1147
You think the problems are bad now? You wait until we don’t have any more credit. You wait until the currency is collapsing. You wait until interest rates are going through the roof and inflation is going through the roof. It’s not going to be a pretty picture. There will be social unrest. [See below for the link to the interview.] Words: 477
James Turk, Director of The GoldMoney Foundation, interviewed Jim Sinclair recently at the GATA conference in London about his successful gold price predictions, the U.S. debt problems, how to ride the second phase of the gold bull and the gear change from arithmetic to exponential growth as public perceptions about the safety of the US dollar changes. Below is a heavily edited and paraphrased version of the interview to provide you with a fast and easy understanding of its contents. Words: 1318