I.O.U.S.A. – The Movie – talk about shock and awe!

The Middle Class Is About to be WIPED OUT

$53 trillion dollars. You heard right fifty f’ing three trillion dollars is what the citizens of the USA are on the hook for. $53 trillion – in financial obligations owed by the federal government to foreign investors and to every single American in the form of pensions, health benefits, Social Security and Medicare.

Are you scared? You should be. Here me now and believe me now…the economy of the USA is bankrupt. It can not meet its obligations to its debtors. This is a prelude to a world-wide depression that will wipe out the middle class.

This is not fear mongering…this is cold reality biting you in the keister. If you are leveraged to the hilt or your savings or investments are in the form of paper currency you will go broke. 100% for sure – el busto.

Have I got your attention yet? I know that the majority of my posts preach the same thing, but this is the most important event that has ever occurred during the past 100 years…maybe longer.

Madoff Ain’t Got Nothing on this

Do you think that the billions that Madoff bilked out of investors was the worlds largest Ponzi scheme? What he did is nothing compared to what your government has done. I have always wondered why the government keeps spending like a drunk soldier on shore leave…and I think I now have it figured out.

They borrowed and borrowed and borrowed with no intention of paying it back. It is a classic case of selling debt (bonds, t-bills etc) to investors knowing full well that there is no way to pay the debt when it is due.

In a nutshell you, me, everyone has been screwed…except for a select few. The biggest recipient of this free-for-all has been the US Military Industrial Complex. But their perceived ‘entitlement to signed blank checks from Uncle Sam will end and end soon. There is no money left.

How long have you got?

Based on all of my readings and research from top economic strategists such as Peter Schiff, Ron Paul, and Addison Wiggin…about 2 years maximum. That is two years for you to position yourself to minimize the coming Dark Ages Version 2.

So How Do You Protect Yourself?

Here is your path to security: BUY PRECIOUS METALS. Gold, Platinum, Palladium, and most importantly Silver. Silver is where you stand to make the most gain with the lowest entry point. At time of writing the spot price of silver is between $10 – $11 US per ounce.

There is a ’silent’ run on silver right now and the price is drastically underavlued. Personally I have been hoarding it and changing all of my paper currency whether it be savings or investments into bullion.

In case you did not know…there is less silver in the world than there is gold. Way less. You see, unlike gold, silver is used on a large scale commercial basis. Every computer and every cell phone could not be built without silver. The demand for both continues to grow.

Will silver ever overtake gold? I doubt it. In fact I suspect gold to climb from $800-$900 US per troy ounce to $3000+ within the next two years. With silver, all of the experts that I trust, predict silver to top $500 US per troy ounce.

So invest whatever you can into gold or silver…it is just that silver has such a low price point to get started it is the best avenue for people of modest means.

I leave you with this award winning movie: “I.O.U.S.A.” It will be up for an Academy Award. It is a ‘must see’

I.O.U.S.A. is to the U.S. economy what ‘An Inconvenient Truth’ was to the environment.” – Reuters

Technorati Tags: Middle Class Bankrupt, Madoff, Madoff Ponzi Scheme, The Greatest Ponzi Scheme of All Time, World Wide Depression, I.O.U.S.A., IOUSA, Addison Wiggin, Peter Schiff, Ron Paul, Buy Silver, Buy Gold, Cash Is Trash, Middle Class Wiped Out, Middle Class Broke