WHY THE END OF OBAMA?

Restored from the Empower Network archive (2011–2017), lightly edited to meet our current advertising standards. Views are the original author’s.

OVER HALF OF ALL THE MASSIVE U.S.GOVERNMENT DEBT WAS CREATED UNDER OBAMA’S TAKE-OVER SINCE 2008. The U.S. has a 239 year history. Half of its debt owed to other countries happened over the last 5 years.

Could there be martial law? Government shut down? Banks closed? ATMs closed? Food and gas shortages? A completely crashed U.S Dollar?

THE U.S. GOVERNMENT BORROWS 46 CENTS FOR EVERY DOLLAR IT SPENDS! (www.stansberryresearch.com). If every citizen in the United States were to be taxed 100 percent of his income for a year, the U.S. Government debt would still not be paid off.

NET PUBLIC DEBT DOUBLED SINCE BARACK HUSSEIN TOOK OFFICE IN 2008. Only after WWI and WWII did the U.S. have larger percentage of increases.

PRIVATE COMPANIES HAVE BEEN TAKEN OVER BY THE U.S.GOVERNMENT AND OWE AN ADDITIONAL 5 TRILLION DOLLARS, OVER AND ABOVE THE AMOUNT OWED BY THE GOVERNMENT.  THE ENTIRE AMOUNT OWED IS AROUND 20 TRILLION. All the countries in the European Union owe money, and if you combined all their debt, it does not come close to what is owed by the U.S. The Federal Reserve is reducing interest rates down to almost zero in 2013, down from 5.25 percent in 2007, in order that the U.S. Gov. can borrow to pay off its debts with the borrowed money!(The Government is borrowing to pay its debts!).

We as a nation are trapped, and there is no way out.

THE ONLY THING THAT HAS SAVED THE U.S. GOVERNMENT FROM A DEBT DEFAULT IS THE LEGAL RIGHT AND ABILITY TO PRINT  MORE MONEY. TIL NOW, OTHER COUNTRIES HAVE THEIR OWN CURRENCIES BACKED UP BY U.S.DOLLARS AS THEIR RESERVE CURRENCY. The U.S. Dollar is what is propping up the world’s financial systems, and ONLY the U.S. can print Dollars. As long as the U.S. Government can go on printing more and more money it cannot go broke. This is about to end.

WHEN FOREIGN COUNTRIES WANT TO BUY OIL OR GASOLINE OR FOOD FROM ONE ANOTHER, THEY HAVE TO FIRST BUY U.S.DOLLARS TO USE FOR THE TRANSACTIONS. BY AGREEMENT, THEY DO NOT USE THEIR OWN CURRENCIES.

By the late 1970s the U.S. was the world’s largest creditor nation. By the late 1990′s the U.S. was the largest debtor nation. Since then, trillions of Dollars have been printed for the purpose of paying off our debt.

THE FEDERAL RESERVE IS NOW PROMISING TO PRINT 85 BILLION DOLLARS A MONTH. THAT’S OVER A TRILLION DOLLARS A YEAR, NEWLY PRINTED, WITH NO HARD ASSET TO BACK IT UP. Soon, it is likely, that nations will either greatly discount the value of the U.S. Dollar in international transactions, by agreement, or stop accepting U.S.Dollars entirely. Foreign nations no longer have much confidence in U.S. leadership nor in its lack of responsibility for its currency.

THE U.S.DOLLAR AS THE STANDARD FOR INTERNATIONAL TRADE IS ALMOST AT AN END.

Interesting that the U.S. response to China’s first steps to phase out the use of the U.S. Dollar is to call China a “currency manipulator”. By the end of 2014 it is likely that the Chinese will no longer be accepting the U.S. Dollar.

THE PROBLEM IS THAT THE U.S.A. PRODUCES TOO LITTLE THAT THE WORLD WANTS AND CONSUMES WHAT IT CANNOT PAY FOR IN ANYTHING OF REAL VALUE.

England went through something like this in the 1970′s. British Sterling was the backing for most of the world’s currencies for almost 200 years. After WWII the U.S. was forced to prop up the British economy with foreign aid(The Marshal Plan). The English Government tool over private companies to extract their wealth–they went socialist!–just as Barrack is doing in the U.S.A. right now. Soon, England was flat broke. The British government froze wages. Strikes were everywhere, there was no garbage pick up, no services, and there was, in England in 1975, INFLATION AT 26.9 PERCENT~!  Businesses were receiving only three days of electricity per week. TV stations ended all their broadcasts at 10 pm in order to save electricity. England HAD BEEN A GLOBAL SUPER POWER NATION FOR ABOUT 150 YEARS TIL THEN.

WHEN ENGLAND BEGAN TO PRINT MONEY IN THE 1970s TO PAY ITS BILLS, IT INTENTIONALLY DEVALUED ITS CURRENCY AND EVERYTHING WENT TO HELL.

By the way, the U.S.Dollar exchange rate has dropped by about ten percent from June 2010 to July 2013. ITS VALUE HAS DROPPED ALMOST TEN PERCENT IN THREE YEARS.

THIS ENTIRE SCENARIO IS NOW PRODUCING WORLD-WIDE INFLATION, CAUSING MASS PROTESTS ALL OVER THE WORLD, INCLUDING BRAZIL AND EGYPT AND TURKEY AND OTHER PLACES. INFLATION DUE TO LOCAL CURRENCIES DEVALUING–CURRENCIES BACKED UP BY THE U.S.DOLLAR, (which is paper, backed up by confidence in U.S. world leadership. Imagine. Backed by confidence. In Barrack.).

So the U.S. Government cannot stop printing more and more money without defaulting on its debt.

IT SEEMS THAT NO ONE WANTS THESE THINGS GENERALLY KNOWN. DID YOU KNOW THESE THINGS BEFORE READING THEM HERE?

A book I am reading called CURRENCY WARS by James Rickards is quite amazing and I recommend it. A company called Stansberry and Associates Investment Research is amazing. Between these and the sources that they site, I am quickly coming up to speed on what is happening. I am getting the picture. Americans are deprived of this type of information broadly. It’s there. You can find it. But you won’t find it on TV or in any newspaer. You will only read what is for the broad public. Do you think that you , YOU, are the “broad public?” Mass media does.

WHAT IS HAPPENING NOW IN THE U.S.A. IS CALLED “CAPITAL FLIGHT”. IT IS THE REASON WHY GOLD PRICES HAVE GONE UP FOR 12 YEARS STRAIGHT.

No other asset has ever done that: gone up continuously for twelve years straight. In the U.S.A. people are buying and owning gold all over the place. Drive down the road. Look!!!!  Go to any U.S. retail environment. Old gas stations closed and turned into Gold purchasing companies. Strip malls with store signs: “buying gold”.  THIS HAPPENED IN GERMANY IN THE 1920s. The Germans bought gold and Swiss Francs as fast as they could. A similar rush to buy gold happened in Argentina. Massive inflation there happened just afterward. Germany too. Wheel barels  full of useless German Marks could not buy more than a few of loaves of bread.

This run on gold, and subsequent massive inflation has happened in Germany, Russia, Austria, Argentina, Japan, China, Brazil, Chile, Poland, Ukraine, etc, ALL BECAUSE THERE WAS NOTHING VALUABLE ENOUGH BEING PRODUCED BY THOSE COUNTRIES! Their currencies became worthless.

U.S. political leaders are on a run-away suicide course. They have come to believe that narrowing the tax base and printing billions and billions of dollars is the formula for prosperity.

Almost everything at the Federal and State level is an absolute mess because Governments have been living way beyond their means for so long.

As long as the U.S. Dollar remains the world’s Reserve Currency, the Federal Reserve can continue to print dollars. But once the dollars are dumped internationally, the Dollar will not buy much.

An ominous sign the the Dollar is a new deal between China and South Korea: these two countries have agreed to settle deals between themselves in Chinese Yuan or in S.Korean wanW, instead of with U.S.Dollars!

And that is not all: CHINA NOW HAS INTERNATIONAL CURRENCY AGREEMENTS WITH GERMANY, BRAZIL, RUSSIA, AUSTRALIA, JAPAN, CHILE, UNITED ARAB EMERATES, INDIA AND SOUTH AFRICA.  AND JAPAN AND INDIA HAVE MADE THEIR OWN SEPARATE DEALS TO BYPASS USING THE U.S.DOLLAR IN TRADES BETWEEN THEMSELVES.

HERE IS THE WORST PART FOR THE U.S.DOLLAR: There is an organization called the International Monetary Fund(I.M.F.) that has its headquarters in Washington. The IMF is like a huge international lending bank, and has lots of authority and rights exclusive to it. In 1969 they developed an idea that was not used much til now. The idea is this: when the IMF lends money it lends the money in the form of “Special Drawing Rights”, or “SDR’s”. The IMF’s new plan is to use these SDRs widely. An SDR is a weighted basket of international currencies. The IMF has made these weighted baskets of international currencies into SPECIFIC DENOMINATIONS, LIKE MONEY. The SDR’s could become the new international trading currency, replacing all the others including vehicles dependent for their value on the U.S.Dollar. THE I.M.F. HAS SUGGESTED PRICING OIL AND FOOD AND OTHER COMMODITIES IN S.D.R.s REPLACING THE U.S.DOLLAR. If this were to happen, the U.S. Dollar would about collapse, as its use as the world’s Reserve Currency would be about over.

And, by the way, China and Russia have made a deal to trade with one another without U.S. Dollars already. They made the deal in 2010.

Going to Mexico?

Going to Cuba? No U.S.Dollars are accepted anywhere.

Travelling in China in 2013? Almost no places in China will accept debit cards drawing on U.S. banks.

Iran stopped using U.S. Dollars long ago for anything.

Kuait, same thing.

The Chicago Merchantile Exchange does not accept U.S.Dollars. Only gold.

Jim Rogers, one of the richest Americans, has sent his children to China and they now live there and speak Chinese.

McDonalds Corporation and Caterpillar Corporation are selling their bonds in exchange for Rimimbi(Chinese), not U.S.Dollars.

All of this, because the U.S. went off of the idea of printing Dollars linked to the quantity of gold they were holding. And our inability to recover is due to individuals who could have done something about it before, but now have let U.S. Manufacturing die out, and let Government theft and over spending go rampant.

In the next post, I will give you some idea about how you can do something about all this–to save your friends and your family, and to profit in the coming disaster.

Your Friend,

Jeffrey Hendrick(727)418-5976