THIS is what we're facing...

Gang,

I have two stories that I really need you to read.

First up, Itulip.com is predicting that our New Great Depression will cause up to TEN (10,000,000) MILLION people to lose their jobs and...

Second, the New York Times, in their article entitled, Stunned Icelanders Struggle After Economy’s Fall writes:

By SARAH LYALL
Published: November 8, 2008

REYKJAVIK, Iceland — The collapse came so fast it seemed unreal, impossible. One woman here compared it to being hit by a train. Another said she felt as if she were watching it through a window. Another said, “It feels like you’ve been put in a prison, and you don’t know what you did wrong.”

This country, as modern and sophisticated as it is geographically isolated, still seems to be in shock. But if the events of last month — the failure of Iceland’s banks; the plummeting of its currency; the first wave of layoffs; the loss of reputation abroad — felt like a bad dream, Iceland has now awakened to find that it is all coming true.

It is not as if Reykjavik, where about two-thirds of the country’s 300,000 people live, is filled with bread lines or homeless shanties or looters smashing store windows. But this city, until recently the center of one of the world’s fastest economic booms, is now the unhappy site of one of its great crashes. It is impossible to meet anyone here who has not been profoundly affected by the financial crisis.

Overnight, people lost their savings. Prices are soaring. Once-crowded restaurants are almost empty. Banks are rationing foreign currency, and companies are finding it dauntingly difficult to do business abroad. Inflation is at 16 percent and rising. People have stopped traveling overseas. The local currency, the krona, was 65 to the dollar a year ago; now it is 130. Companies are slashing salaries, reducing workers’ hours and, in some instances, embarking on mass layoffs.

“No country has ever crashed as quickly and as badly in peacetime,” said Jon Danielsson, an economist with the London School of Economics.

The loss goes beyond the personal, shattering a proud country’s sense of itself.

“Years ago, I would say that I was Icelandic and people might say, ‘Oh, where’s that?’ ” said Katrin Runolfsdottir, 49, who was fired from her secretarial job on Oct. 31. “That was fine. But now there’s this image of us being overspenders, thieves.”

Aldis Nordfjord, a 53-year-old architect, also lost her job last month. So did all 44 of her co-workers — everyone in the company except its owners. As many as 75 percent of Iceland’s private-sector architects have probably beenfired in the past few weeks, she said...

PLEASE read these articles carefully. Understand that we are just like Iceland.

On second thought, no... we are many multi-trillions of dollars MORE vulnerable than Iceland. What happened there, will happen here in time, and what happens here will be much, much worse.

UNLESS we as a country do the right things, and quickly, we are either headed for the Depression style scenario that the I-Tulip folks are talking about or... we are headed for a currency collapse similar to the Icelandic folk.

Please prepare yourselves accordingly, and speak with your licensed financial adviser before making any decisions.

If you and your planner decide that gold is part of your overall preparedness strategy, I would humbly encourage you to check out Gainesvillecoins.com.

No, I'm not getting paid by them or anything, but I am suggesting them to you because I have placed quite a few orders with them, and I've had no problems whatsoever.

These days, I like American Gold or Silver Eagles, and I try to pick up Austrian Philharmonic coins whenever I can. Coins minted by governments have a higher price than basic bullion coins, but they tend to trade easier. If one is simply going to buy metals to hold onto for a rainy day, I'd rather go with a government minted coin. Takes a lot of the guesswork out of the equation.

In any event, buying gold and silver coinage with Gainesville is just like buying anything else online... go to the site, choose the coins you want, put in your credit card and your mailing address, and Presto, real money arrives in your mailbox.

You will have successfully traded in your U.S. dollars for a currency that will survive the upcoming storm. It should be noted however that gold and silver, being as volatile as they are, can go up or down in price. And for goodness sake... don't take out a loan in order to speculate on the gold price. Just think of gold and silver as an insurance policy, and you'll be aiight.

Once again, before you place any orders, check with your financial adviser to see if precious metals are something that is right for you. While I know what is going on in a general sense, I have no idea about your risk tolerance, or your unique financial situation.

Ok?

But whatever you do, Ladies and Gents, get yo' shit together.

Toku.


*****
*****

UPDATE:

Another good film I need you to watch:

I.O.U.S.A: The Short Version.

As you watch, please keep in mind that the overall amount of the liabilities mentioned is much higher... to the tune of TRILLIONS of dollars.

Please watch and understand why getting your affairs in order is absolutely crucial... and one also needs to have some non U.S. dollar assets in their portfolio, in the event that the U.S. Dollar is devalued at the upcoming G-20 economic summit.

A lot is happening in the world of finance these days... and none of it looks to favorable for U.S. Citizens in the long term.

Out.