Monday, January 12, 2009

Peter Schiff predicts Imminent Doom - Fear And Loathing In America

Last Nail in the Coffin

by Martin D. Weiss, Ph.D. 01-12-09

The government has just released one of the most shocking federal budget reports of all time.

Even if you overlook the gaping holes in their economic assumptions, it’s obvious the federal deficit is going to deliver a punch below the belt of the economy.

And once you unveil the shaky assumptions, it’s equally obvious the deficit could be the last nail in its coffin.

First, Look at the Government’s
Own Shocking Numbers!

The Congressional Budget Office (CBO) estimates that …

The 2009 federal deficit will be $1.186 trillion! Even after adjusting for inflation, that’s more than the combined cost of the Vietnam War ($698 billion) and the Korean War ($454 billion) … 4.6 times more than the entire S&L bailout of the 1980s … and 5.5 times larger than the Louisiana Purchase:

In sheer dollars, the 2009 federal deficit will shatter every record deficit of every nation in history. FULL STORY.


As the dollar becomes worthless, more communities will survive by creating their won currencies just as they did during the Great Depression. We are now entering into the Greatest Depression of all time and need to prepare.

List of community currencies in the United States

Holland, Michigan uses CertifiChecks called HollandDollars.

Traverse City Area has it's own Community Currency Corporation called Bay Bucks. Trustworthy Tools For Local Exchange. Keeping our wealth close to home.

Here is a great editorial published in Traverse Magazine by Deborah Wyatt Fellows on Local Currency.

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