Game Changer: It Will Be Shocking for the Average American: “Your Cost of Living Will Quadruple”

It’s no secret that the U.S. government is in serious fiscal trouble. So much so that our Treasury Secretary recently noted that should the debt ceiling fail to be increased, the fall-out would be “catastrophic” and last for generations.

Given that sobering report, consider that everything in America, from food to fuel, is subsidized in one way or another. Those subsidies are being paid with ever-increasing debt. It is inevitable that at some point the world’s reserve currency, the US dollar, will be wiped out. The trigger for such an event is irrelevant. What is relevant, is how average Americans will be affected when that day comes.

In recent months working Americans have seen their health care costs triple. But this is just the beginning. When America’s debt problems come to a head the subsidies will be removed, and that will lead to cost of living increases that will leave those who never saw it coming in a state of confusion and bewilderment with no way out.

Marin Katusa of Casey Research, who has met with business and political leaders in over one hundred countries and is one of the most successful contrarian investment analysts out there, has some thoughts on the matter.

It will be shocking for the average American… if the petro dollar dies and the U.S. loses its reserve currency status in the world there will be no middle class.

The middle class and the low class… wow… what a game changer. Your cost of living will quadruple.

In the following must-watch interview with the Sound Money Campaign, Marin outlines the reasons for why our cost of living is going through the roof, the effects of geo-politics on our future, and ways to insulate yourself from what’s coming.


(Watch at Youtube)

Imagine this… take a country like Croatia… the average worker with a university degree makes about 1200 Euros a month. He spends a third of that, after tax, on keeping his house warm and filling up his gas tank to get to work and get back from work.

In North America, we don’t make $ 1200 a month, and we don’t spend a third of our paycheck on keeping our house warm and driving to work… so, the cost of living… food will triple… heat, electricity, everything subsidized by the government will triple overnight… and it will only get worse even if you can get the services.

For the average citizen, they should be thinking, ‘I should store some gold here and there as insurance for all of this.’

Now, I don’t know when it will happen. But it will happen, because it’s happened to all currencies.

I don’t think the people of Rome thought that Rome would ever fall as an empire… but it did.

So, you have to be prepared and protect your family. That’s why you want leverage to things that have major upside when the dollar does collapse. And the best insurance for that is gold.

As Marin notes, the assets you hold should be such that they maintain or increase their value as the Petrol dollar crashes and America’s debt bubble bursts.

For those with retirement investments like 401k’s, IRA’s or cash, Marin suggests you look to healthy gold companies as insurance. Back in the Great Depression of the 1930′s, as stocks crashed and then stagnated, those with investments in gold mining companies were able to not only preserve wealth, but grow it.

Those who prefer to keep their assets in physical holdings should look to gold and silver bullion, as well as those items that will become difficult to obtain when prices sky rocket. These core physical assets might mean long-term food stores, land with productive capacity, and personal energy production facilities that may include wind, solar or hydro.

If there is one trend that has taken hold over the last decade it’s continued price rises for the basic necessities of modern life. Given that we are now in more debt as a nation and individuals than ever before, it’s not hard to see where this is headed.

If you need a mainstream forecast to confirm what’s going to happen, then we point you to the words of President Barack Obama, who several years ago stated unequivocally that, “electricity rates will necessarily skyrocket.” He should know, because his policies are a significant contribution to what’s going to happen in the very near future.

Look out below.

dollar-value


SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You

Obama Labor Department Refutes Jay Carney: Average Entry-Level Work Week Hits All-Time Low

One the one hand, the Obama administration has formally dismissed all of the copious evidence that Obamacare is destroying jobs.

On the other hand, the Obama administration’s own Labor Department has released statistics that illustrate the unfolding economic catastrophe. Jed Graham explains:

Workers in low-wage industries clocked the shortest average workweek on record in July, new Labor Department data show.

The 29 million non-managerial workers in private-sector industries which pay up to about $ 14.50 per hour, on average, put in a 27.4-hour week, a level previously matched only at the depths of the recession in 2009.

As the recovery began that summer, average weekly hours staged a recovery that erased most of the recession’s decline. But the workweek recovery began to reverse in early 2012, and the drop-off has accelerated in 2013 — just as the onset of ObamaCare’s employer mandate created new incentives for employers to restrict workers to fewer than 30 hours per week.

…in industries for which ObamaCare’s coverage mandates could mean substantial new costs — those in which wages are low and the ranks of the uninsured tend to be high – something is seriously depressing the workweek.

…the average workweek for such firms has fallen to a record low of 27.3 hours from 28.6 hours in March 2010, when ObamaCare became law.

But according to White House spokesman Jay Carney, all of these statistics are just “anecdotes”.

Gee, I wonder why the big three networks haven’t picked up on this major human interest story? The poorest, most put-upon workers in America are being crushed by Obamacare. Not. News. Repeat: Not. News.

Hat tip: College Fix.

Doug Ross @ Journal

“Average Joe” Biden Heads to Costco

Vice President Joe Biden, who with his wife Dr. Jill Biden earned $ 379,000 in 2011, made a surprise visit to the discount warehouse store Costco in Washington today.

While the Bidens have been Costco members in the past, according to the White House, Biden got his card reactivated just Wednesday for today’s photo op.

Among the items Biden purchased were an apple pie, fire logs, a 32-inch Panasonic TV, and children’s books.

The books, according to Biden, were bound for a Delaware charity Biden’s wife Jill started. But the Bidens are not big givers to charity, donating only 1.5 percent of their income last year to charitable causes.

In addition to portraying the high-earning Biden as an average guy, the visit is priceless PR for Costco, which just opened a brand new Washington store that Biden visited.

According to Charlie Spiering in the Washington Examiner, Costco Co-founder Jim Sinegal, who greeted Biden at the store, has been cozying up to the White House for some time:

Sinegal, Costco’s former CEO, gave a speech praising President Obama at the Democratic National Convention in September.

Sinegal retired as CEO in January, but gradually took a greater interest in Obama’s re-election campaign.

Sinegal hosted a fundraiser for Obama in July at his Seattle area mansion at Hunt’s Point. Tickets for the event ranged from $ 5,000 to $ 35,000 and reportedly raised more than $ 1.4 million.

The appearance was also partly a pitch for the White House position on the “fiscal cliff” talks. The White House is demanding that republicans agree to raise taxes on higher income earners while keeping tax rates on the middle class where they are.

Biden called the shoppers “hard working folks who don’t need to see their taxes go up.”

Here’s some raw video of the event posted by the Associated Press.



The Blog on Obama: White House Dossier

Larwyn’s Linx: A Thank You Note From An Average American

Send us tips! Bloggers: install a Larwyn’s Linx widget. Get real-time news, 24/7, at BadBlue.

Nation

A Thank You Note From An Average American: Jack Finn
Obama Got 99% of Vote at Polls Where GOP Inspectors Removed: PunPrs
Fun fact: Obama Lost in Every State with a Voter Photo-ID Law: Reaganite

Status Quo Ante: RS
“Ein Vaterland . . . Ein Reich . . . Ein Volk”: ProWis
The Case of the Missing White Voters: RCP

When Conservatism Is a Second Language: Lord
Remember GOP Elitists Used Redistricting to Get Rid of West?: MagNote
Allen West Now Leads Initial Vote Count In Dem-Leaning County: WZ

Economy

Forward! To mass layoffs!: Hayward
A victory for creatures of the state: RWN
Time for Introspection, but Not Surrender: RWN

Speaker Boehner is done fighting Obamacare: Scoop
Obama supporters rejoice that they can keep their food stamps: Twitchy
Appalling video captures substitute teacher bullied by students: Daily Mail

Shocker: Obamacare Spurs a Shift to Part-Time Workers: C4P
Obamacare vs. Jobs : NRO
Economic Advisor to State Department: Downgrade of US Likely: CDN

Scandal Central

Obama Lost in Every State with a Voter Photo ID Law: Reaganite
PPP’s polls were rigged all along: RS
FL District 18: West cites ‘disturbing irregularities’: WPTV

Climate & Energy

Christie Calls to Congratulate Obama… Sends Mitt an Email: GWP
The Hope-a-Nomics Disaster: One Company’s Horror Story: Malkin

Media

It Is Not Just Business, It Is Personal: TL in Exile
Miller: If Romney’s what’s wrong with America, this country has serious problems: Hot Air
Christie Is Dead to Me: Sentinel

Unsure: Rants and other Refinements
Is Chris Matthews a Racist?: Elephant
Axelrod rubs Rove’s face in it: WaPo

Republicans rush to help Obama destroy America: SHN
It Is Time to Throw the Social Conservatives Out of the GOP: RS
Give the People What They Voted For: Glob

67% of single / unmarried / divorced women vote for pro-abortion, pro-gay-marriage Obama: Knight
Yes, Romney Was the Problem: RWN
Now They Tell Us: Instapundit

World

America goes into the darkness: Melanie Phillips
Krauthammer: Obama Administration Hid Drone Attack Until After Election: GWP
Obama Administration Partners With the UN to Attack the Second Amendment: Pavlich

Obama Immediately Moves to Help UN Impose Gun Restrictions on Americans: MB
No Hezbollah in Mexico?: CIS
Did Obama Steal the Election?: Western Journalism

Sci-Tech (courtesy BadBlue.com/Tech)

The Unmitigated Disaster Known As Project ORCA: Ace
Can the US military fight a war with Twitter?: ComputerWorld
Source: 7 SEALs punished for secrecy breach in video game collaboration: ArmyTimes

Cornucopia

The Case of the Missing White Voters: RCP
We’re Doomed: Young Obama voters on what they know about the Constitution: Scoop
Monet fetches $ 43M for NY school: USA Today

Image: Has “Tomorrow” Arrived?

QOTD: “We conservatives, we do not accept bipartisanship in the pursuit of tyranny. Period. We will not negotiate the terms of our economic and political servitude. Period. We will not abandon our child to a dark and bleak future. We will not accept a fate that is alien to the legacy we inherited from every single future generation in this country. We will not accept social engineering by politicians and bureaucrats who treat us like lab rats, rather than self-sufficient human beings. There are those in this country who choose tyranny over liberty. They do not speak for us, 57 million of us who voted against this yesterday, and they do not get to dictate to us under our Constitution.

We are the alternative. We will resist. We’re not going to surrender to this. We will not be passive, we will not be compliant in our demise. We’re not good losers, you better believe we’re sore losers! A good loser is a loser forever. Now I hear we’re called ‘purists.’ Conservatives are called purists. The very people who keep nominating moderates, now call us purists the way the left calls us purists. Yeah, things like liberty, and property rights, individual sovereignty, and the Constitution, and capitalism. We’re purists now. And we have to hear this crap from conservatives, or pseudo-conservatives, Republicans.” —Mark Levin

Bonus QOTD: “Neither side bothered to put forward a serious agenda that stood for much of anything. Barack Obama ran on beating up Mitt Romney and Mitt Romney ran on running away from himself. He stood for nothing and everything at the same time. At least Barack Obama campaigned on the consistent message of hating Mitt Romney.

Compare Romney to Scott Walker. Scott Walker took on the unions in Wisconsin and won big. Romney barely took on Barack Obama. He drew few lines in the sand, made those fungible, and did not stand on many principles. Americans wanted to assess a contrast between the candidates and got blurred lines instead. They went with the politician they knew instead of the one who was different depending on the election season, constituency, and time of day.” —Erick Erickson


Doug Ross @ Journal