Calamity! calamity in the country of America. No secret can remain hidden…

GREETINGS,

THE DECLINE OF THE DOLLAR AS THE WORLD’S RESERVE CURRENCY….THE COLLAPSE OF HER(AMERICA’S) ECONOMIC POWER….THE DESTRUCTION OF AMERICA’S EDUCATION……THE GROWING STATE OF DISSATISFACTION…..THE RISING COSTS OF EDUCATION AND FOOD….THE GROWING CLASS OF HOMELESSNESS…THE END OF HER MANUFACTURING CAPACITY, ALL THESE THINGS SHOW THAT AMERICA IS FALLING.

WITH ALL OF THESE THINGS PLAGUING AMERICA ALONG WITH THE DOT.COM BUST AND THE WALLSTREET CRIME SPREE….MIXED WITH THE HOUSING MARKET CRASH, ALL OF THESE THINGS POINT TOWARDS SOMETHING EVEN MORE CATASTROPHIC THAN MOST OF THESE PLAGUES COMBINED.

KNOW THAT…” The most dreadful divine judgments that have ever been witnessed by man are now coming on America. “–pg.232(TFOA)

……” Calamity! calamity in the country of America. No secret can remain hidden, for the chastisement of Allah (God) will not let you hide it.

   As one writer prophesied in the Bible (Is. 18:1), “Woe to the land shadowing with wings…” This prophesy is referring to America which has a cloud of planes shadowing the skies over America almost daily.”–pg.224(TFOA)

PETER SCHIFF: The Housing Bust Was Just A Preview For The Coming Catastrophe
SOURCE: www.businessinsider.com

I first came to national attention back in 2008 and 2009 when the housing and  credit markets imploded. I became known as the guy that other market “experts” laughed at when I warned of trouble brewing in the seemingly indestructible  American economy. After the wheels ground to a halt in mid-2008, people noticed  that my book Crash Proof, originally released in early 2007, read like  a detailed preview of many of the events that eventually unfolded.

Three years later I am now catching heat from many who assume that my  predictions actually fell short. They argue that I was able to anticipate the  crash but that I severely underestimated the resiliency of the American economy.  They admit that we took an “unexpected” blow to the chin, and that it left a  lingering bruise, but they argue that we never hit the canvas like I predicted  we would.

However, they mistakenly assumed that the crash I was warning about was  solely a housing led credit bubble. While that was part of it, I never saw it  ending there. The crash that most concerned me was the one that would result  from the government’s response to the initial crisis. My concern was not  that our economy would succumb to the disease that I had diagnosed, but instead  would be taken down by the “cure” that the government unleashed to combat  it.

When the government’s delaying tactic, which involves continuous borrowing  and money printing is no longer tenable, the dollar could collapse, interest rates and  consumer prices could soar and the U.S. economy could implode. That’s the real  crash that I was warning about, and the one we all need to be worried about  now.

This  is the subject of my new book “The Real Crash: America’s Coming Bankruptcy, How to Save  Yourself and Your Country.”  For now it is just a prophecy but as  with my first book, it soon may be regarded as history. Unfortunately, the  policies of both the Bush and Obama administrations, and the Ben Bernanke  led Federal Reserve, have vastly raised the chances that my catastrophic view  will come to pass.  However, it’s not all gloom and doom — I devote a  large majority of the book to solutions. The real crash may be inevitable, but  what we do in response is not. We can follow on the path that I recommend back  to prosperity, or we can continue on our current course which I believe will  lead to economic ruin.

When looking back from a point in the future, I believe that the years  immediately after the credit collapse of 2008 will stand out as a period of  dangerous economic negligence. We have bought ourselves some time by sweeping  enormous problems under the rug. Through a combination of political cowardice,  economic ignorance, and false confidence, we are digging ourselves into a hole  so deep that it may take generations to crawl out.

Most people assume that half way through 2012 we have made some important  positive strides since flirting with the brink of economic catastrophe in the  dark days of 2008. Although no one is wildly celebrating the below trend 2 to 3  percent GDP growth, we are continuously reminded that we have turned the corner  and that our situation is better than many other regions around the world. But  what has really changed?……..MORE HERE

 

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