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

Top Strategist: A Shocking Revelation About Gold Mining Companies

Within the first week of 2014 U.K.’s Royal Mint announced they had completely sold out of sovereign gold coins. On the other side of the pond, the U.S. Mint reports that the sale of silver coins hit an all-time high at the end of 2013, proving that demand for physical precious metals has not abated.

Yet, as investors the world over buy up as much physical gold as they can get their hands on, the companies that produce the gold have seen their stock prices decimated. Whether it’s the work of the shadow banking system or because Wall Street has convinced Main Street to dump their shares, precious metals have seen a significant drop from their historical highs just a couple years ago.

Top Casey Research strategist Marin Katusa gives us a shocking revelation about just how hard gold mining companies have been hit:

I have a document [from our leasing agent] that says because of the junior mining shut downs there’s over half a million square feet available in downtown Vancouver for office lease available at a big discount.

Do you know what it was a year and a half ago? Less than 50,000 square feet.

In the following interview with Future Money Trends Marin Katusa provides an insightful and in depth discussion on why this is exactly the kind of environment investors look for and how you can position yourself for success, whether you’re preparing for a scenario when precious metals become a bartering mechanism for trade or you want to diversify your retirement portfolio into investments that will survive under stressful financial conditions such as those we saw following the 2008 collapse.

When you’re in the valley of darkness, the right trade is the lonely trade, it’s not an easy trade to do.


(Full transcript available at Future Money Trends)

It seems that the masses have been convinced the recession has ended and good times have returned. They’ve dumped their ownership in gold companies and jumped into broader stock markets full force. Everyone else is doing it, so it must be the right thing to do.

Whatever steps you’ve taken to insulate yourself against the impending destruction of our currency, national credit worthiness and financial markets, there have probably been times when you’ve felt like a loner.

But sometimes it’s good to be the loner. This is where the real opportunities are found.

And right now, as we sit on the cusp of a global economic crisis, it’s those of us in the valley of darkness that are preparing ourselves for a brighter future.


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

DEATH PANEL COMIX: The Shocking Obamacare Surprise Awaiting Seniors on New Year’s Day

Based upon Andrew Mangione’s reporting.

This story needs to go viral. Any help you can provide is appreciated.

Side-question: Biff is wondering whether the comic book format is worthwhile. Any comments or feedback are appreciated.

Doug Ross @ Journal

Larwyn’s Linx: The Most Shocking Obamacare Revelation

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Nation

The Most Shocking Obamacare Revelation: Walter Russell Mead
DOJ: Obamacare will cost 80 million the coverage they like: Sister Toldjah
Obamacare’s Deception: You May Not Know the Half of It: David Limbaugh

Obamacare sign-ups vs. cancellation notices in one simple chart: Doug Powers
Their Credibility Is Shot: Jeffrey Carter, P&F
DC to Obamacare Dissenters: Keep Quiet or Get Fired: Walter Russell Mead

A brown-skinned suburban mom responds to bigot Arne Duncan: Michelle Malkin
The Left’s War Against Achievement: Thomas Sowell
Political Roundup: Lies: Market Ticker

More Fraud and Deceit: Obama Replaces Old Lie With New Lie: Nice Deb
Obscure senate candidate goes viral: Obama’s ‘constitutional crisis’: ConIntel
Michelle Obama Fundraises: ‘You Can Write a Big Ol’ Fat Check’: Daniel Halper

Economy

Falsified Employment Numbers: SDA
Unions Lose: Workers Vote Against Jobs as Boeing will Move Operations: AIM
The Obama Wedding Tax: RS

Federal Government Spent $ 4.4 Billion On State Insurance Exchanges: Ace
Liar-In-Chief Tells Brownshirts: “100 Million” Signed Up for Obamacare: WZ
Obamanomics: America’s Cities on the Edge: John W. Schoen, CNBC

Scandal Central

Census Dept. Made Up Employment Data In Run-Up to 2012 Elections: Ace
The October 2012 Pre-Election Jobs Report Was Faked: ZH
“UNCOVERED: new photos of #Benghazi attack.”: JW

Climate & Energy

Democrats, EPA crack down on wood-burning at home: RWN
Warmist Robert J. Samuelson: We Can’t Predict the Future, But Let’s Get A Carbon Tax In Place!: RWN
NHTSA Investigating Third Tesla Fire in Six Weeks: Fender Bender

Media

Martin Bashir wants someone to defecate in his mouth.: Pocket Full of Liberty
Truth Revolt Pressure Forces Bashir To Apologize: Jeff Dunetz
Nancy on “Meet the Press” – A Tale Told By An Idiot: MOTUS

They Still Blame Bush: R.S. McCain
Oprah Calls for Genocide of Obama Opponents: Moonbattery
Remember That ‘Long-Standing Commitment’ In Lake Charles Mary Had?: HayRide

Jessica Sanford, one of Barack Obama’s Obamacare ‘success stories,’ will have no insurance.: Moe Lane
Obama’s conference call on Obamacare goes about as well as HealthCare.gov rollout: Twitchy
Health Care Holidays: Western Rifles

World

Obama Administration’s Internal War Over Egypt Isn’t Really About Egypt: Bryan Preston
American Jewish Leaders: Obama Lied To Us About Iran: WZ
60 Minutes Corrects Benghazi, Not on Israel: CAMERA

Sci-Tech (courtesy BadBlue Tech News)

How Silicon Valley turned on President Obama: Dana Liebelson, The Week
In the wake of NSA spying, Yahoo promises encryption everywhere: Jared Newman, IT News
Healthcare.gov site advertising SQL injection attacks: Neil Stevens

Cornucopia

Yeah, Rob Ford Might Be Slightly Out of Control Now: Ace
Obama Says Americans Can Keep Their Damn Insurance: Andy Borowitz, New Yorker
DHS Still Hasn’t Fired Black Supremacist Who Called for Mass Murder of Whites: Alex Seitz-Wald

Image: Twitchy
Today’s Larwyn’s Linx sponsored by: An Article V Convention of States

QOTD: “What is a staff for? Surely a competent staff would have set up an effective monitoring and reporting system so that accurate and timely information about website problems would reach the White House. Surely at the first signs of trouble, an effective trouble-shooting response from the White House would delve into the issues, develop some action plans, and also inform the President and senior staff about any threat to the scheduled rollout. But apparently none of this happened, and at least from what we see so far in public, the President is OK with that. No heads are rolling. No one is being taken to the White House woodshed. There are reports that the President has vented, but “no drama Obama” is apparently still turning the other cheek. The President is content to keep working with the team he’s got…

…There is nothing that any president needs more than a team of competent people around him who can keep him and his key initiatives on track. President Obama is in his fifth year in office, and he isn’t getting the level of performance from his staff you’d need to be an effective principal of a middle school. At this point, that failure doesn’t just reflect badly on the staff; it reflects on the man who selected them. More and more people in the United States and beyond are asking the obvious and painful question: Why can’t the President of the United States find and keep a minimally competent staff?” –Walter Russell Mead

Doug Ross @ Journal