Friday, December 11, 2009

HyperInflation - Preparing Americans & "Mr. President, You Truly Scare Me!"

Read Lou Pritchett's "You Truly Scare Me" Letter, below the video commentary.
video source: http://www.youtube.com/watch?v=xbUIlH0stSc

video source: http://www.youtube.com/watch?v=3wzMeNeLIH4

Hyperinflation Nation
National Inflation Association (NIA)
http://inflation.us/videos.html


The National Inflation Association is an organization that is dedicated to preparing Americans for hyperinflation and helping Americans not only survive, but prosper in the upcoming hyperinflationary crisis.

With an $11 trillion
national debt plus $55 trillion [ $12.1T + $106.5T = $118.6T as of Dec'09! ] in unfunded obligations for programs such as Social Security, Medicare and Medicaid, it is our belief that the United States for all intents and purposes is bankrupt and Americans need to take steps immediately to protect themselves from the potential loss of the purchasing power of their U.S. Dollars.

The U.S.'s recently passed $787 billion stimulus plan along with the Federal Reserve expanding its balance sheet by over $1 trillion in a single day brings the total potential outlays from the Federal Reserve and U.S. Treasury during the financial crisis up to $13.1 trillion.

It is our belief that the rest of the world is unlikely to lend the U.S. this money and the Federal Reserve will most likely have to print the money out of thin air.

The U.S. has abused its status of having the world's reserve currency for far too long. We are on an unavoidable path towards hyperinflation. At this point, we believe it is only a matter of time before the value of the U.S. Dollar collapses.

With China likely to become a net seller of U.S. Treasuries to fund their own rightfully deserved $586 billion stimulus plan, we believe there will soon be a run on the Dollar and a rush into Gold and Silver.

By the U.S. government unwilling to accept a much needed recession, they are creating a much larger crisis than the one we have today.

Our goal is to help as many Americans as possible become aware of the disaster we are rapidly approaching. In our opinion, the wealth of most Americans could get wiped out during the next decade, but it will be an opportunity for a small percentage of Americans to become wealthy by investing into companies that we believe will prosper in an inflationary environment, such as Gold and Silver miners.

It is important to know that we are not investment or financial advisors, but we do profile publicly traded companies we believe will prosper in an inflationary environment.

Please sign-up to our free newsletter today to receive our profiles of these companies as well as our latest articles before they are posted on Inflation.us:

UPDATE, June 26: The House passed H.R. 2454 today by a vote of 219 to 212.

An expensive new tax bill will be considered on the floor of the House as early as this Friday, June 26. This bill is known as the American Clean Energy and Security Act of 2009, H.R. 2454, also known as the Waxman-Markey climate change bill.

Most Americans know this bill as a cap-and-trade bill for the purpose of reducing greenhouse gas emissions and global warming by creating a system of pollution permits that energy companies must buy before releasing carbon dioxide into the atmosphere.

(Note: A SETI device should be placed in orbit and pointed at Washington DC to monitor the level of intelligence, which I am sure would increase when Congress is out of town. As for taxing cow gas, it would far benefit the environment to tax every political speech.)



The opine and the letter below are reposted from http://www.sailnet.com/forums/off-topic/55065-you-scare-me-mr-president.html:

Here is a letter sent, but not published, to the NY Times by Lou Pritchett formerly a VP for Proctor and Gamble.  It has been making the rounds on the Web and reportedly has over a half million hits.  Not only does it mirror my thoughts on our new President, but I have said many of the same things during President Obama's short reign.  What I don't understand is where are the protests, the marches in the streets, the general uproar about our country being turned upside down?  (JRD22)

The author, Lou Pritchett, is a well-known public speaker who retired after a successful 36-year career as the VP World Sales for Proctor and Gamble.

Lou Pritchett: Foremost Leader in Change Management

Lou Pritchett is one of corporate America's true living legends - an acclaimed author, dynamic teacher and one of the world's highest rated speakers.  Successful corporate executives everywhere recognize him as the foremost leader in change management.  Lou changed the way America does business by creating an audacious concept that came to be known as "partnering."  Pritchett rose from soap salesman to Vice-President, Sales and Customer Development for Procter and Gamble and over the course of 36 years, made corporate history.

AN OPEN LETTER TO PRESIDENT OBAMA

Dear President Obama:

You are the thirteenth President under whom I have lived and
unlike any of the others, you truly scare me.

You scare me because after months of exposure, I know nothing about you.

You scare me because I do not know how you paid for your expensive Ivy League education, your upscale lifestyle and housing with no visible signs of support.

You scare me because you did not spend the formative years of youth growing up in America and culturally you are not an American.

You scare me because you have never run a company or met a payroll.

You scare me because you have never had military experience, thus don't understand it at its core.

You scare me because you lack humility and 'class', always blaming others.

You scare me because for over half your life you have aligned yourself with radical extremists who hate America and you refuse to publicly denounce these radicals who wish to see America fail.

You scare me because you are a cheerleader for the 'blame America' crowd and deliver this message abroad.

You scare me because you want to change America to a European style country where the government sector dominates instead of the private sector.

You scare me because you want to replace our health care system with a government controlled one.

You scare me because you prefer 'wind mills' to responsibly capitalizing on our own vast oil, coal and shale reserves.

You scare me because you want to kill the American capitalist goose that lays the golden egg which provides the highest standard of living in the world.


You scare me because you have begun to use 'extortion' tactics against certain banks and corporations.

You scare me because your own political party shrinks from challenging you on your wild and irresponsible spending proposals.

You scare me because you will not openly listen to or even consider opposing points of view from intelligent people.

You scare me because you falsely believe that you are both omnipotent and omniscient.

You scare me because the media gives you a free pass on everything you do.

You scare me because you demonize and want to silence the Limbaughs, Hannitys, O'Relllys and Becks who offer opposing, conservative points of view.

You scare me because you prefer controlling over governing.

Finally, you scare me because if you serve a second term I will probably not feel safe in writing a similar letter in 8 years.

Lou Pritchett
Update, Week of December 7th, 2009:Speaker of the House, Nancy Pelosi (D-CA) asks to again raise the National Debt limit!

jdrew14How to Survive Hyperinflation
 By Jessica Drew, an http://www.ehow.com/ Article 


     What this means to you is that your money will be essentially worthless because the price of goods and services will be so outrageous.
     For instance, say you live in an apartment complex that charges you $1000 a month in rent.   If hyperinflation occurred your landlord may have to up the rent to $10,000 a month just to pay his bills.   If you could not pay you may be evicted under a force majeur clause in your lease (a clause that unbinds initial agreements when a business is faced with unforeseen and dramatic circumstances.)   Then you could be homeless.   ... Dont think it could happen?   Surely lets hope not!   But the fact of the matter is that it has happened before in the US.   A significant number current day economists predict that at least some degree of hyperinflation is just around the corner.   At any rate it is best to prepare yourself and your family with these steps:


Difficulty:  Challenging  -  Instruction:

Step 1  -- Have a plan to get to a safe shelter.   If hyperinflation were to occur and you do not own your home, or you rent, you should have a plan in place to get to a relatives house, preferably relatives with several acres of land.   If you do not own your dwelling you risk being kicked out from an inability to pay increased rates.   You will want to have family you can stay with in the event of this, and the more remote your relatives are the better ... as unfortunately there may be a lot of new homeless persons that do not have family to turn to looking for shelter.

Step 2 -- Compile all your important documents and stash some cash.   If you do have to leave suddenly, to go to a relatives, you will want to secure all your important documents, valuables, and some cash in one place.  That way you can get up and go in a hurry if you need to.   Do not forget to include a first aid kit in this stash, especially if you have kids.

Step 3 -- Protect your savings.   Hyperinflation threatens to make the US dollar worthless, so consider converting your savings to:
- Gold/Silver
: international standard of wealth, maintains its worth through troubled times
- Swiss Francs
: all Swiss Francs are backed by gold, and Switzerland has never been invaded throughout history!   So this is a safe bet for a secure place to stash your savings through a depression.   Also opening Swiss bank account is easier than you think and not only for the super rich, as movies and TV would have you believe.

Step 4 -- Buy the necessities.   If hyperinflation were to occur, the cost of basic goods would sky rocket, leaving the unprepared without food. Buy enough canned goods, and other non-perishables to sustain your entire family for a good while.

Step 5 -- Also, and this is very important, buy seeds of edible plants that flourish in your local area.   No one really knows how long hyperinflation could last, and an extensive vegetable garden could really help you in times of need.

Step 6 -- Prepare, and know you have done everything you can to prepare ... and then do not worry obsessively and hope for the best!

rfh addition:

Step 7 -- Hope, that the 2nd Amendment still exists and, that you have arms and ammunition ample to protect you and your family.

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