Rural Lifestyle

Life in Rural America

Tag: state of the ecomony

Third Economic Downturn Will Be Our Undoing

Kevin Felts blogger and political commentator

One of the common questions posted on the forum is when will SHTF. When is something big going to happen?

Rather than a turd hitting a fan, what if I told you it was more like diarrhea hitting the fan? In the past 40 years we have faced 2 economic downturns that have had profound long term effects. The effects have been so slow that they ave gone unnoticed. Unnoticed that is until you look at the big picture.

Economic Downturn #1. Nixon took us off the gold standard, which caused rapid inflation.

For the most part people have no idea what the true value of their paper money is, as we have no tangible item to compare the value of paper money to.

Taking the U.S. off the gold standard has also allowed the Federal Reserve to print money out of thin air, which has also contributed to inflation.

Economic Downturn #2. Losing our shipyards in the 1980s, and the free trade acts of the 1990s. For the sake of discussion job loss will be combined into one category.

Gold Standard

Are You Ready for the Depression?

Kevin Felts blogger and political commentator

The depression is just around the corner, are you and your family ready? The news reporters are trying not to use the word “depression”, probably out of fear of the panic that will follow.

IMF predicts a global recession

The banking system, along with the US State and Federal governments have been the number one cause of this problem.

The banks started writing flexible mortgage rate loans – knowing that people would not be able to pay the notes. But for some reason the people just played along with the scams. Untold millions of families have lost their homes and driven into bankruptcy because of the greed of bankers. The blame can not be placed solely on the bankers – the people HAVE to take part of the blame.

The State and Federal government have allowed millions of US jobs to be shipped over seas. This is only at the benefit of the companies that are using cheap labor. Since millions of people are out of work, less money is spent, in turn less tax dollars are brought in.

There is nothing “free” about “free trade” – someone pays the price.

The State and Federal government has also continued to take care of millions of illegal immigrants. Untold millions of dollars are spent on the health and welfare of trespassers, when we can not even take care of our own.

A few weeks ago news was coming out of California that the sate was going to be hit with a money shortage. The first thing that came to mind was – “how much money could be saved by taking the illegals off the social services programs?” An illegal immigrant has no right to anything, expect to be arrested and sent back home.

Every 3 months Exxon reports record profits, and then the people wonder why gas and food is so expensive.

Human stupidity and greed have prevailed, and as a result, the depression is right around the corner.

Its time to get the plans in order.

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