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Take control of your future by using cryptocurrencies. They are not controlled by the bad guys but you YOU! Start with a Coinbase account by clicking here.


A Simple Tale of the Great Con

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If you are interested in taxes for US citizens living abroad, check out my blog about taxes for expats: click here

If you want to know why things are the way they are...

Sunday, September 10, 2017

The end is near, folks, and here is why.  President Trump and the Democrats have agreed to abolish the debt ceiling.  This means that our Congress can spend money like drunken fools...as if they haven't been doing that all along. Unofficially, the dollar is now worth about 2 cents in purchasing power compared to when the Federal Reserve was created in 1913 and with no limit to borrowing, that will soon be zero.  When that happens, the greatest bankruptcy in history will occur and fantastic amounts of wealth will simply disappear.  Remember that one man's debt is another man's asset and we have built a house of debt cards for over 100 years and on top of that we have added derivatives as assets which are just a lot of hot air.  There is at least one estimate that the existing volume of derivatives exceeds, are you ready for this, 1.2 quadrillion dollars.  A quadrillion is a thousand trillion or a million billion (and so on...).  That is an amazing number.  The amount of US dollars in physical currency circulating is around 878 billion or almost a trillion, which is close enough for this analysis.  If the US defaults on it's debt of $ 20 trillion dollars, of which ALL arguably exists digitally only, then that amount of debt will disappear carrying with it the US dollars that were borrowed into existence, reducing the dollars for trade by 20 trillion.  This is a massive deflation and will make dollars so hard to get that there will be massive defaults in private industry which will cause other defaults, like in pensions funds which invest in debt to get the interest earnings.  Then the people counting on interest that now not only get interest but have lost their capital as well will be unable to meet their credit obligations and all the dominoes will fall down except the last 878 billion which exist physically.  Now all the debt obligations which were secured by assets such as real estate and machinery, just to name two, will be settled by seizure of real estate and machinery.  The banksters will own everything!  That is and has been the plan all along.  If you have unsecured debt, then YOU are the secured asset that they will own.  Hyperinflation will only be a momentary phenomenon before the great deflationary crash.  Even people who own their homes and equipment won't be able to pay property taxes because dollars will be so hard to get.  What should you do?

First, pay off all debt.

Second, set up a Coinbase account here and buy Bitcoin, Ethereum and/or LiteCoin.  Why?  Because this digital currency does not have debt attached to it and will not just disappear.

Third, get involved with state and local government and add your voice to the chorus that the government should accept Bitcoin, Ethereum or Litecoin in payment of property taxes.  This way the government will be able to continue operations and not collapse itself.

Fourth, study cryptocurrencies and learn as much as you can so you can protect yourself.