Most people, even smart people, know surprisingly little about the way money really works in Big Government. With the debt ceiling fiasco suddenly raising awareness of the possibility of a total global financial blowout, now seems like a good time to remind people of seven disturbing facts<\/strong> about money that are almost never acknowledge in the old media.<\/span><\/p>\n The money at your bank is insured against loss by the FDIC’s insurance fund, right? Nope. That’s total fiction. There is no actual money<\/span><\/a> in the fund<\/strong>. The FDIC <\/strong><\/span><\/span>insurance<\/span><\/span><\/a> <\/span>money has already been looted by the U.S. Treasury which has simply replaced the money with a bunch of IOUs.<\/span><\/p>\n Why does this matter? Because it means that if the U.S. <\/span>government<\/span><\/span><\/a> goes into default, so will the <\/span>FDIC<\/span><\/span><\/a>! And that means all your bank funds have zero insurance<\/em>. That’s gonna be a big shock for tens of millions of <\/span>people<\/span><\/a> <\/span>when they finally figure this out one day…<\/span><\/p>\n When you pay social security <\/span>taxes<\/span><\/span><\/a>, all that money goes into a trust fund<\/strong> that’s held for safekeeping until the day it pays you back, right?<\/span><\/p>\n Ha! That’s the “sucker’s view” of social security that only ignorant people believe. In reality, there is no money in the social security trust fund<\/strong> because it too has all been looted by the U.S. Treasury and spent. In truth, social security is already broke. Can’t wait for people to wake up and figure this one out, either…<\/span><\/p>\n Here’s a mind-boggling truth that most people just can’t seem to get their heads around: The U.S. Treasury is stealing money<\/em> from you every single day by the simple fact that they keep creating new money<\/strong> and handing it out to wealthy banksters. Well, technically this is being done by the <\/span><\/strong><\/span>Federal Reserve<\/span><\/strong><\/span><\/a>, which isn’t even part of the federal government. But it’s all done in cahoots with the Treasury, which is eroding the value of your money<\/strong> through these money creation and distribution actions.<\/span><\/p>\n That’s why prices keep going up all around you, folks: Food isn’t suddenly worth more money; the truth is that your money is worth less!<\/strong> That’s how the Treasury and the Federal Reserve steal from you without even breaking into your <\/span>home<\/span><\/strong><\/span><\/a>.<\/span><\/p>\n Probably 99.9% of the population has no understanding of this phenomenon \u2013 the erosion of currency valuation through the centralized government printing of more currency. And yet it is a government scam that has been carried out against citizens of the world time and time again, spanning millennia! As history has clearly shown, every nation that goes down the path of printing more currency to pay its bills eventually ends up in a runaway hyperinflation<\/strong> scenario followed by economic <\/span>collapse<\/span><\/a>. The USA will be no different.<\/span><\/p>\n Don’t you love the quirky White House Press Secretary who keeps spewing out the phrase “balanced solution” even while the <\/span>debt<\/span><\/a> deal leaves the U.S. budget entirely unbalanced?<\/em><\/span><\/p>\n When you’re spending more money than you’re earning, that’s not <\/span><\/span>financial<\/span><\/a> <\/span>balance. When the White House says “balanced” what it really means is “compromised” \u2013 as in, half way between the Republican position (spend us into purgatory) and the Democratic position (spend us into oblivion). Neither <\/span>party<\/span><\/a> <\/span>has any real solution to the cancerous growth of <\/span><\/span>Big Government<\/span><\/a>. That’s because they are creatures of Big Government!<\/strong><\/span><\/p>\n Politicians can no more solve the problems of Big Government than arsonists can solve the problem of office fires. Because they are, themselves, creatures of runaway debt spending (how else do you get elected these days?), they simply do not possess the cognitive framework from which real financial <\/span>solutions<\/span><\/a> must stem.<\/span><\/p>\n Oh my, this is a tough one for people to get their heads around… especially those who naively trust governments to act in the interests of the People. The simple truth of the matter \u2013 and I’ve publicly made this prediction before \u2013 is that the government is going to STEAL almost everything you own<\/strong> as it heads toward a total financial implosion. This will include:<\/span><\/p>\n \u2022 The government <\/span>theft<\/span><\/a> <\/span>of private retirement accounts. The feds will claim they’re taking them over “for your protection.” Yeah, right. And then one day they will simply all vanish. Kiss your IRA goodbye…<\/span><\/p>\n \u2022 The government theft of precious metals. Within the next 3 years, watch for a national emergency to be declared, followed by government confiscation of gold and silver<\/a><\/strong>. The feds will take your gold and hand you <\/span>paper<\/span><\/a> money in exchange. The paper money, of course, will be all but worthless shortly thereafter. Only the suckers, of course, will actually turn in their metals…<\/span><\/p>\n \u2022 Government takeover of your bank accounts. As <\/span><\/span>banks<\/span><\/a> <\/span>begin to fail in the big collapse, the government will step in and take ownership of the failed institutions, just as it did with Fannie Mae and Freddie Mac (which used to be publicly-owned companies but are now largely just government finance operations). This will put your bank accounts under the direct control of the White House, which can use executive orders<\/strong> to do things like banning all wire transfers out of the country or limiting daily withdrawals and transfers. Sure, you’ll still “own” your money in the bank, you just won’t be able to freely access it!<\/em><\/span><\/p>\n It’s not just that most people<\/em> don’t understand banking and finance; it’s that even members of <\/span>Congress<\/span><\/a><\/strong> have no idea how all this works. With few exceptions (like Ron Paul), they’re just clueless!<\/span><\/p>\n Get this: Even most bankers<\/strong> don’t even know how fractional reserve banking really works. They don’t understand derivatives, either, which is why they screwed them up so badly in the housing boom that crashed in 2007. And because bankers, investors and bureaucrats have no idea how it all works, they unwittingly turn it all into a runaway catastrophe.<\/span><\/p>\n Allowing ignorant adults to play with debt and derivatives is like letting infants play with nuclear <\/span>weapons<\/span><\/a><\/strong>. It can only <\/span>lead<\/span><\/a> <\/span>to something messy.<\/span><\/p>\n People buy insurance for their cars, their homes and even their health. But when it comes to money, 99 out of 100 people in America are betting their entire financial existence on the U.S. dollar! They get their paychecks in dollars, their savings accounts are in dollars, and all their assets are denominated in dollars. As a result, they have no diversity to protect them against dollar devaluation.<\/span><\/p>\n That’s kinda crazy, considering just how quickly the dollar could collapse in the near future and become totally worthless. That’s why smart people are diversifying their assets and converting dollars into land, <\/span>gold<\/span><\/a>, silver or even storable food<\/strong>. Here in central Texas, even ammunition<\/strong> has a long-term barter value that far exceeds dollars.<\/span><\/p>\n Looking around at the financial behaviors of others, I’m just stunned at how many people are betting everything on the dollar<\/strong> because they never realized they had any other option (that’s the way the government likes to keep it, of course!).<\/span><\/p>\n Mark my words, folks: The great financial collapse of America is now closer than ever. While I can’t put an exact prediction date on it, there’s absolutely no doubt that it’s coming. The morons in Washington aren’t doing anything to avoid it, either — they’re all just cashing in as much as they can before the big collapse rolls in.<\/span><\/p>\n Bunch of cowards and crooks running this country. They don’t understanding banking and finance, and they’re determined to make sure you don’t either<\/em>. Because the less you know about what’s really going on, the longer they can continue to loot the U.S. economy<\/strong> while people stand around and do nothing.<\/span><\/p>\n How bad is the situation, really? Just yesterday, Vice President Joe Biden called Congressional Tea Party members “<\/span>terrorists<\/span><\/strong><\/span><\/a>” for their insistence that the U.S. budget be balanced. So now, the mere idea of calling for a balanced budget turns you into a “terrorist” to be prosecuted under the Patriot Act.<\/span><\/p>\nFact #1 – There is no FDIC insurance fund.<\/h4>\n
Fact #2 – There are no social security<\/span><\/a> funds, either.<\/h4>\n
Fact #3 – The U.S. Treasury is stealing<\/span><\/a> money from you every day, even if you pay no taxes!<\/h4>\n
Fact #4 – The “balanced solution” isn’t balanced.<\/h4>\n
Fact #5 – The government is going to steal everything from you before it collapses<\/h4>\n
Fact #6 – Most people have no idea about fractional reserve banking<\/a>, derivatives, the money supply or the Federal Reserve<\/h4>\n
Fact #7 – Most people are betting their lives on the dollar<\/h4>\n
Coming soon: A huge national finance education of the masses<\/h3>\n