The US Economy Hits an Iceburg

The economy of the United States is a lot like the Titanic; a ship we all thought was unsinkable. Even though the ship is no doubt impressive, it is not as structurally sound as we had once thought. The politicians over the years have insisted on driving it at full speed despite holding the iceberg warnings in their hands the whole time. But the US economy hit an iceberg, and it is only a matter of time before it sinks. There were opportunities in the past to slow down or change course, but everyone was too preoccupied with the lavish lifestyle on the wonderful ship to worry about such disastrous situations. Everyone was so confident that the ship could not be sunk, that we did not even leave enough lifeboats for everyone to survive. Now that we have hit the iceberg, that we were destine to hit sooner or later, those of us on the ship have no choice but to get our friends and family on the few existing lifeboats while they are still available. Most people on the ship woke up from their deep sleep to the sound of the markets crashing and institutions failing as the side of the ship smashed into the iceberg. But there are still few who realize that the extent of the damage that has been done is severe enough to sink the ship.

Efforts taken by government to pump out the water will buy us time, but weeks or months only. From this moment on, no matter what we do, the economy will collapse. And though many are crying out that the economy can’t sink! I assure you, she can. And she will. It is a mathematical certainty. The lifeboats will be seated according to class and those lucky enough to get a seat are hoping that they aren’t too crowded. The water is freezing and there aren’t enough lifeboats. Not enough by half.

Once everyone on the ship realizes that the ship is actually going down, there will be a mad scramble by the lower and middle class of our society to get on the few remaining life boats as most of them have already departed with the upper class passengers who left with enough room to put their feet up. Hopefully as many people as possible will make the decision to get onto these lifeboats while they are still around. Even though it is a difficult choice to get off the comfortable ship and get into a small, cramped lifeboat, it is a decision that needs to be made soon. The water may be choppy, your seat on the boat might not be too comfortable, but this is far better than the alternative of staying on the ship and dying in the comfort of your bed as the ship sinks to the bottom of the ocean.

The lifeboat that I speak of is physical gold and silver that can be held in your hands, along with foreign currencies and dividend paying foreign stocks. To get into the lifeboat, you need to get rid of US dollars and dollar denominated assets and put your savings into hard assets that have real value rather than worthless paper currency that is being printed into oblivion. The ship will finally sink when the dollar collapses and anyone still onboard will be plugged into the cold water, grasping onto whatever floating debris that remains.