Articles

[Keith Broaders]

Everyone knows that the United States has gone bankrupt.  As the U.S. government and the Fed poured trillions of dollars of YOUR money into the banks and markets after the 2008 economic collapse, this unprecedented level of money-printing is catapulting the U.S. debt to $28 trillion by 2018.  But now, the U.S. government and the Fed are completely out of ammo.  They desperately need money to maintain their own power, and taxes are no longer enough.  So in order to keep the Ponzi scheme going, the U.S. government has made several highly controversial moves to be in position to seize control of all your financial accounts.   And it’s becoming clearer by the day, if you want to protect your savings and wealth from government confiscation, you only have ONE choice.

The Bankrupt State

What happens when America goes bankrupt?  The $17 Trillion question?  Let’s be clear, America is already bankrupt.  “Bankrupt” is defined as “any insolvent debtor” – a debtor whose liabilities exceeds its assets.  The U.S. government, by its own admission, is a bankrupt entity.  Not bankrupt “soon,” bankrupt NOW.  To the tune of just OVER $17 trillion.  In an attempt to fabricate the illusion of “growth,” the Fed and their bank-owned politicians poured trillions of dollars of YOUR money into big banks and the markets in order to prop up stocks, bonds and real estate after the 2008 economic collapse.  The idea was to “fix” the economy by pouring 1,000 gallons of high-octane debt-gas on an already ragging debt-fueled bond fire.

Of course, REAL growth never materialized.  Instead, all that these criminals managed to accomplish with their money-printing was to blow up new bubbles, widen the income divide, and dramatically increase the wealth of a select few at the expense of the rest of us.  The tragic result:  the USA’s liabilities now exceed its assets by an amount so astronomical it’s almost incomprehensible.  And by its own admission, that hole will be getting deeper each year until we reach $28 trillion in debt by 2018.  Or until the Ponzi scheme blows up.

What Now?

The questions now are, what happens now that America is already bankrupt?  How do broke governments survive as long as they can?  What are they capable of doing when they know their fate is at hand?  How do the Ponzi masters keep the Ponzi scheme going?

The answer to all these questions may shock you:  The U.S. government has made several highly controversial moves to be in position to seize control of all your financial accounts!  They’re using legislation and authoritarian power in collusion with the modern financial system to gain access to your private assets in the name of “protection”, “security” or “national emergency.” But in reality, your savings & wealth have become a prime target for confiscation.

How can they do this?  Well, the “beauty” of the modern financial system – to a banker or an insolvent government – is the ease at which they can access your wealth with the stroke of a computer or a new law or tax.  When you combine the digital banking & financial system with the overreaching legislative power of an insolvent government, we citizens don’t stand a chance.  Unlike English soldiers breaking into the homes of colonists, today’s government can be far more subversive.  Just take a look at these government regulations & initiatives that are right now in the process of taking effect:

FATCA:  As everyone has heard by now, the July 1^st FATCA provision requires foreign financial institutions such as banks, stock brokers, hedge funds, pension funds, insurance companies, and trusts to report all U.S. citizens’ accounts directly to the IRS.  The government can’t put its paws on your money if it doesn’t know where it is.  The more information a government has on the movement, location & size of global citizen wealth, the more efficiently and effectively it can create legislation & systems to control that wealth.  FATCA even requires reporting to the IRS by foreign private companies on any income made by a citizen of the U.S. whether they live here or not.  And FATCA, once implemented, will negatively impact the U.S. dollar, the global economy, and our international relationships.

MyRA:  In the State Of The Union Address – and coincidentally just as soon as the Fed started tapering their endless QE treasury-buying experiments – Obama announced the creation of the MyRA – your retirement money will now be used to pay for U.S. debt. The MyRA is nothing more than an investment scam being sold to the American people as a you-can’t-lose, zero-risk investment by the pitchman-in-chief himself.  The reality is, since the Fed can’t conjure up money from thin air to buy the debt anymore, and our foreign friends don’t want our debt anymore, Obama needs to sell it to John Q. Public.  Since the federal government has done so well at everything from delivering mail to affordable healthcare, what could possibly go wrong with jumping into the investment advisory business?  Where do I sign up?

CARDS:  The Financial Industry Regulatory Authority, which oversees how investments are sold, proposed what it calls CARDS – Comprehensive Automated Risk Data System – which is an electronic system that will regularly collect data on balances and transactions in all 4100 brokerage accounts nationwide. CARDS is disguised as a way to “protect” investors, but the system is clearly designed to have detailed information on the structure & location of every citizens’ investments.  Since the government needs us to support its debt (because outside interests no longer do), wouldn’t it be convenient to know and control the structure or every investment portfolio in America?

So for the first time ever, The U.S. government is directing you where to invest your savings & retirement and has gained full access to the activity in every single citizen’s bank accounts, retirement accounts, brokerage accounts and trading accounts.  The IRS will also have full visibility on any oversees accounts, income, equity or other earnings, effectively giving them access to all the wealth of every American citizen no matter where they reside on earth.  So now that we know what they’re doing and why they’re doing it, the question for you is:  what are you doing to safeguard your savings & wealth?