Up Date… Money problems in the U.S.
Hi folks,
I am
advising my readers to get ready for the next financial crises that will be
soon and worse than the 1929 Great Depression. Our government in the form of
high taxes is printing paper dollars faster and faster as we slide deeper and
deeper by the trillions into debt by the minute.
THE US DOLLAR IS
BEING DEVAULED ALL OVER THE WORD by many countries. Devaluation of the dollar
causes inflation and deflation.
Why the situation is not quite as dour
as I expect
1. America is by far the most powerful county in the world,
and has been since the American Revolution. We have friendly neighbors on two
sides and vast expansive oceans on the other two sides. Also we are self-reliant.
Our constitution guarantees are freedom. We have the best transportation system….
railroads going ever where, rivers, harbors, don’t forget best the best educated,
creative, inventive hard working peoples anywhere. Henry Clay said it best, “Don’t
tread on me.”
2. Government-mandated furloughs for civilian Department of
Defense employees begin this week. Nationwide, nearly 700,000 civilian Defense
employees will be furloughed.
Top of Utah businesses starting this week, nearly 11,000
civilian employees at Hill Air Force Base will be off work for up to 11 unpaid
furlough days, from July 8 to Sept. 30, as the Pentagon deals with spending
cuts for the rest of the fiscal year: Average salary of those being furloughed:
67,500 Total economic impact: $54 million
3. U.S. Economy added 195,000 Jobs in June, a sign of solid
improvements in the labor market. The unemployment rate was unchanged at 7.6%... April
and May showed employers added a combined 70,000 more than estimated, the Labor
Department said.
Still be prepared:
1. GET OUT OF DEBT, pay down high interest credit cards, pay
down home mortgages.
2. Don't borrow to buy stocks or funds.
3. Buy commodities like gold and silver, copper, oil, gas
4. Cash as always is King
To be continued soon…
DR. KARL WALLACE
D.D.S
