Archive for the ‘Government’ Category

December 31st, 2012

Tuesday, February 21st, 2012

Have you been putting of getting yourself and those you care about ready? Have you been looking for evidence or incentive to start? Well, look no further.

On December 31st, 2012, most of the nation’s current tax benefits are scheduled to expire. Overnight, every American who pays taxes could see a significant increase in what the federal government takes from his or her paycheck, to the tune of hundreds to thousands of extra dollars a year.

Further, capital gains taxes and estate taxes will skyrocket, crippling the income of retirees and the ability to small business owners to pass their hard work on to future generations.

The result could very well be an unprecedented collapse in the US and, therefore, global economies.

You don’t think it could happen? You think the government will do the right thing before then? Have you been paying attention to what the government has been doing up until now?

Take this potential as a warning. Get ready. Now.

DLH

Readiness advisory

Tuesday, April 19th, 2011

I advise everyone to pay close attention to the economic news over the next several days. From the reading I have been doing over the past 24 hours, the S&P downgrade of the government’s credit rating has the potential to be just the first of several hammer blows to the economy over the next week. This news is coupled with drastically rising wholesale inflation numbers, significantly rising commodity prices,  the specter of rising interest rates, and the potential that S&P may only be the first to downgrade.

The potential outcome of this toxic brew of circumstances is that it could trigger yet another recession (or the second dip if the existing recession). This potential becomes most threatening in that a second recession will further reduce the revenue being collected by the federal government, increasing the size of the deficits at current spending levels just at the time when it became harder for the government to borrow money because of higher interest rates and more credit restraints. In the most extreme circumstance, the government may find itself unable to borrow sufficient amounts, forcing it to defund or reduce funding on programs in mid cycle.

Be ready before it is too late.

DLH

 

The looming currency collapse

Thursday, February 10th, 2011

UPDATE: For those who find the linked video too painful (that is badly done) to watch, if you browse away from it, then click “Stay on this page” from the resulting pop-up” it will take you to a transcript of the video.

I’m not much for investment research firms for the most part, so I am skeptical when they give advice for free or as part of a thinly veiled promo for a product or service they provide. It is with that skepticism that I viewed Porter Stansberry‘s apocalyptically titled “The End of America” video.

Most people find the subject of the video boring. Many people who actually watch it will see the video as a scare tactic designed to frighten them into using Stansberry’s products or services and will ignore its message.

I believe they will do so to their own detriment.

Whatever Stansberry might be selling, his analysis of the looming crisis with the American dollar and everything it could mean for our way of life is dead on. And, he only focuses on one narrow aspect of looming problems that threaten to create the perfect storm that could bring the American and world economy to its knees.

Again, it is easy to ignore what people like Stansberry or me are saying because it sounds so impossible, yet it is only impossible if one ignores the inevitable lessons history taught past nations and civilizations who thought the same things.

Now is the time, more immediate than ever before, for you to get ready. Get out of debt. Make sure you can provide for your own basic needs without the need for constant infusions of cash. If you live in a city, have a plan for how to get out and where you are going to go. Have supplies and means of self-defense on-hand.

I grant that I could be wrong and that these things may never come to pass. History is quirky that way. Yet, I cannot miss the fact that it can and does happen and that the United States is not exempt from that reality.

The signs are all there. Are you going to pay attention?

DLH

A readiness challenge from FEMA

Wednesday, January 5th, 2011

Do you have ideas about how to help individuals, families, and communities be ready? If so, the Preparing our Communities Before a Disaster Strikes challenge from the Federal Emergency Management Agency is the thing for you.

According to the challenge, the goal is to: “To come up with ideas on how we can all help prepare our communities before disaster strikes and how the government can support community-based activities to help everyone be more prepared.”

The deadline for entries in this challenge is 29 January with the prize being your idea being showcased on the FEMA website.

DLH