WAKE UP AMERICA

Facts to Wake Up America

The U.S. is 244 years old and more than one-third of the national debt has been created in the past three years.

·         Gold has skyrocketed a whopping 514 percent in the last five years, from a low of $281.50/oz. to $1,731/ oz.

·         China and Japan are now planning to trade the Yuan and Yen WITHOUT using U.S. Dollars for the first time in history.

·         The International Monetary Fund is openly campaigning for the U.S. Dollar to be replaced by SDRs (Special Drawing Rights)—a hybrid composed of the U.S. Dollar, the Euro, the Yen and the British Pound. The Obama administration has ALREADY stated their support for adding the Chinese Yuan!

·         In mid-2011, China announced it was going to start reducing its foreign currency reserves. In plain English, they want to dump the dollar because they're worried about U.S. government spending and a Fed that's ready to start printing more money on a moment's notice.

·         China is quietly purchasing massive amounts of gold. In October 2011 alone, Chinese imports jumped a whopping 4,000 percent over the previous year. Thanks to a secret Chinese communication released by WikiLeaks, we now know that this is a DELIBERATE attack aimed directly at the dollar.

·         Want to know what China really thinks about the U.S. Dollar, and our government's efforts to control spending and STOP printing money? Ask Treasury Secretary Tim Geithner about his recent speech to the students at Peking University.

The Chinese laughed Tim Geithner off the stage!

After reaffirming his faith in the ongoing strength of the U.S. Dollar, Geithner went on to say that "...Chinese assets are very safe." HE WAS INSTANTLY INTERRUPTED BY THUNDEROUS LAUGHTER from the usually polite Chinese audience.

Did you ever hear about it? There were a few brief mentions in the mainstream media. But they all focused on the humor of the situation. It was a convenient distraction from the REAL story you're NOT being told...

The Chinese students were RIGHT. The almost 50-year reign of the U.S. Dollar as the World Reserve Currency is cracking apart. The next step is hyperinflation... and a $500 bill for filling your car with gas.

·  The early signs of hyperinflation have already begun.  The United  
  States Department of Agriculture (USDA) reported that BEEF prices
  jumped a whopping 10.2 percent in 2011. Eggs climbed 9.2 percent  
  and cooking oils soared 9.3 percent. That's a HUGE increase in just  12
  months.

·         The Consumer Price Index (CPI) is an outright LIE. Starting in 1980, the government actually began CHANGING the formula used for calculating the CPI so the inflation numbers wouldn't look so bad.  (Note:  Jimmy Carter was president in 1980; Ronald Reagan didn’t take office until 1981.)

Why would they do this? It's those annoying "Cost-of-Living-Increases" for Social Security checks, pensions and other obligations.

If Uncle Sam can't afford to pay you, no problem! Just LOWER the CPI (artificially) and VOILA, everything's taken care of. Except it's NOT really taken care of. That's why so many seniors can't afford to make ends meet on Social Security anymore. Just how ignorant do our politicians think we are!

Today, the CPI is basically useless as a measure of your rising costs. Last year, the "official" CPI was about 3 percent. If you use the "old" 1980 formula, the REAL CPI was closer to 12 PERCENT. Now that explains your grocery and gas bills.

·         Last year, the "official" deficit was reported to be a "mere" $1.3 trillion. That's pure fantasy from politicians who don't want you to know the truth. If you use Generally Accepted Accounting Principles (GAAP)—the same principles corporations are REQUIRED to use—the actual deficit is almost $5 TRILLION. That's four times worse than you're being told.

And the grand total for our Federal debt?
How does $15 trillion sound? But wait, it gets worse...

That $15 trillion does NOT include our TOTAL obligations (like Social Security). It's almost impossible to get a REAL number on this but shadowstats.com, one of the most reliable monitors of government spending, estimates the true debt to be in excess of $80 TRILLION.

You could confiscate the wealth of every
last man, woman and child in America and
still not pay for this debt!

·         What can Washington do or more accurately, what is the Obama Administration doing? They'll try "buying" their way out by printing MORE MONEY, devaluing every dollar you own and triggering a hyperinflation crisis.

In fact, some people believe the government is already printing special RED dollars to handle the crisis...

Why? Because it's just not practical to carry $50,000 in your wallet for everyday expenses. (Can you believe we're even THINKING about this?) So you'd need a SPECIAL currency—such as a $10,000 bill, or even higher.

·         No WONDER the Chinese are dumping dollars and buying TONS of gold.

·         No wonder nations are starting to ignore the U.S. Dollar for bilateral trading.

·         No WONDER the IMF wants to replace the dollar with SDRs and eventually a "global currency."

·         No wonder OIL is being traded more and more using gold instead of dollars.  Example:  Iran is now trading oil to the Chinese for Gold, not US Dollars.

The ENTIRE FINANCIAL WORLD is losing faith in the dollar. The dollar is now a financial house of cards ready to collapse (and trigger) hyperinflation with a single breath. That means...

Washington desperately needs your money, and they know where to find it: In your pension plan...

In November 2008, Congress held a little-publicized meeting to discuss the COMPLETE confiscation of all private retirement accounts...  (Note:  both the House and the Senate had strong Democratic majorities in 2008).

Think the Federal government can't confiscate private wealth? FDR did it in 1933 by ORDERING all citizens to turn over their gold for PAPER MONEY that's WORTHLESS by today's standards. But that couldn't possibly happen today, right?

Argentina grabbed all private pension plans in 2008, and Obama and his union friends are watching.

In 2008, Argentina's President Christina Fernandez de Kirchner confiscated the entire $24 billion pension industry and immediately used the money for social programs that helped her maintain power and then provided subsidies to "favored" industries. ALL for the good of the people, of course.

How did it work? It worked great for Fernandez. By "spreading the wealth" through confiscation, she won reelection in a landslide. (Obama has been taking notes!) But things aren't working out so well for the people in her country.

The Argentine Peso is now in freefall—losing 25 percent of it's value against the dollar and the people are getting restless. No problem for Christina though. She's now imposing government controls on capital, nationalizing private property and making it illegal to hold a public protest (under the guise of fighting terrorism). By the way, she's also seized control of the media as well.

·         The Obama Administration has already laid the legal groundwork to do the same with laws and Executive Orders already quietly put in place within the last 3 years.  Do you really believe that legal framework was laid without a plan?  If reelected, we will all see Obama’s real plan.

Source:  Bob Livingston, Liberty.com.