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 DEVALUED ALL OVER THE WORD by many countries. Devaluation of the dollar
causes inflation and deflation.
Why the situation may not be as quite as
dour as I expect
1. 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 to feel ‘ripple effect’ starting this week. Top of Utah economy
will be hit particularly hard. 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 Direct economic impact $30 million
Total economic impact: $54 million
2. U.S. Economy added
195,000 Jobs in June U.S. employer’s added 195,000 jobs in June, a sign of
solid improvements in the labor market. The stronger job growth came alongside
sharp revisions to April and May that showed employers added a combined 70,000
more jobs than previously estimated, the Labor Department said Friday.
The
unemployment rate, obtained by a separate survey of U.S. households, was
unchanged at 7.6%.
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 is King
To be continued soon…
DR. KARL WALLACE D.D.S
