World Wide Economic Depression Worsens: Its Going To Get Bleak! Are You Prepared?

As many carry on with their daily lives, a major milestone just passed. Stimulus money has ran out and many countries will be taxing the public instead. Great Britain has proclaimed that the axe will be coming down on their heads:

DAVID CAMERON has warned that the economy is in a far worse state than previously thought and signalled that Britain faces years of “pain” as the spending axe falls.

The prime minister indicated a sharp downgrade in official growth forecasts and revealed that welfare and public sector pay would bear the brunt of budget cuts.

The prime minister said there would be no “trampoline recovery” of the economy. He warned there was a “serious problem” with forecasts inherited from Labour of robust 3% growth next year.

“There is a huge amount of debt that has got to be dealt with. Crossing our fingers, waiting for growth and hoping it will go away is simply not an answer,” he said.

“The country has got an overdraft. The interest on that overdraft is swallowing up things that the nation should otherwise be spending money on. We have got to take people with us on this difficult journey.”

www.timesonline.co.uk/tol/news/politics/article7144906.ece

Expect many stories similar to this, as each country wrestles with its huge unpayable debt. Pensions will disappear, home taxes will be escalating, unemployment will worsen and services cut. The only way out of this is to default. Will countries default? I don’t think so. Its much easier to create taxes. A world wide bank tax, a green tax, an oil tax, stock market tax, combine taxes to create one tax, such as a VAT tax. Tax the public into submission! Then we all go into debt, borrowing vast amounts to pay the taxes. Will all currencies become obsolete? Will you have to pay by “debt”?

The government will hire more tax collectors. Tighten the bankruptcy laws, so one cannot go bankrupt. Create a one card world where cash is obsolete and all transactions are tracked. Homeless will be the norm.  The government will own most banks so they can provide you payment services, that go right  back into government coffers. They want control. Control your world, its easier and much more efficient.

I suggest everyone watch the movie “The Road”. This movie  takes you on a journey to a bleak and empty world where the only survivors were the very few that decided to prepare and never give up. This is a worst case scenario of course but should you not be informed or ready? Do you have a garden? Are you collecting silver or gold? What about water? Have you scaled down and got out of debt? Do you buy things you don’t need? It may turn into a mad max world and most will be unprepared.