John Williams (ShadowStats.com) is a very respected economist who reports on government statistics using their former accounting methods—before they were corrupted. Although now the dollar is strong, he believes hyperinflation will begin this year after the dollar falls but the system can break at any time without warning.
At the end of the interview he says to hold gold and silver through the duration of the next crisis. Watch his interview:
By Robert John Stevens, CEO WriteExpress Corporation, March 1, 2013
During Obama’s first four years, the national debt increased more than 5.8 trillion.
Just how large a number is $5.8 trillion? Let’s bring it home to the Washington D.C. metropolitan area locals. The Capital Beltway that circles Washington D.C. is approximately 64 miles long. To visualize 5.8 trillion, picture $1 bills laid long ways around the beltway, end to end with no space between them stacked $8,782,157 high.
But wait, it gets worse. Highly respected economist John Williams of ShadowStats.com reports “the federal government’s total obligations as of September 30, 2012, stood at $85.4 trillion, or 5.5 times the level of fiscal-2012 GDP.” To visualize 85.4 trillion around the Capital Beltway, picture $1 bills stacked $128,704,032 high.
Did American citizens delegate to government the right to plunder and bankrupt our nation? No. Why then were citizens not properly represented?
The 1911 Apportion Act set the number of members of the United States House of Representatives at 435. On July 1, 1911 the U.S. population was just 98,863,000. Today it is 315,415,381. Whether we calculate the ratio of citizens to Congress during the 1st United States Congress when the first U.S. census in 1790 counted 3,929,214 residents, in 1911 or today, the ratio has not remainded proportional. Citizens are clearly not properly represented today and neither is their purse.
The framers of the Constitution, however, did not intend senators to be elected by popular vote where influence could be bought. Perhaps without coincidence, that change, also known as The Seventeenth Amendment to the U.S. Constitution (still rejected by Utah), suspiciously occurred in 1913, the year that culminated with the passing of the Federal Reserve Act which transferred to a group of elite private bankers the power to manage and profit from America’s debt.
After a remnant of citizens survive our country’s impending turmoil, the same people who have plundered our nation’s wealth or those funded by its perpetuators will undoubtedly petition to become its next leaders. We must not allow that to happen.
There are tens of thousands of successful, highly competent Americans whose love of country is so great that they will serve their communities without compensation and volunteer to serve in a new representative government.
To keep our Republic from its final push towards communism, we must learn the principles that made us great. I was born in America, educated in public schools, graduated from a private university and read the news almost daily but was never introduced to those principles until I read The 5000 Year Leap which outlines “the 28 Principles of Freedom our Founding Fathers said must be understood and perpetuated by every people who desire peace, prosperity, and freedom.”
- Capital Beltway Length: 64 miles
- Length of a dollar bill: 6.14 inches
- Inches per mile: 63360 inches
- Inches per 64 miles: 4,055,040
- Dollars per 64 miles: 660,429.967
- $5,800,000,000,000 / 660,429.967 dollars lengthwise = $8,782,157 dollars high
- $85,00,000,000,000 / 660,429.967 dollars lengthwise = $128,704,032 dollars high
‘We can no longer borrow dollars. U.S. money-market funds are not lending to us anymore,” a bank executive for BNP Paribas, who declines to be named, told me last week. “Since we don’t have access to dollars anymore, we’re creating a market in euros. This is a first. . . . We hope it will work, otherwise the downward spiral will be hell. We will no longer be trusted at all and no one will lend to us anymore.”
When the dollar goes into a nose dive and prices soar due to hyperinflation, neighbors will have difficulty providing for their families. That’s when it may get scary considering few have a food supply and probably 80% are armed.
I hope you’re not in money market, treasury bills or anything tied to the dollar. If you are, get out and buy gold, silver and food supply. Even withdraw your IRA or 401k and pay the early withdrawal fee if necessary. Hear John Williams’ interview regarding hyper-inflation in 2011. He’s a well-respected economist, and founder of Shadow Stats.