Hey my friends, I just read a very disturbing email one of my 4Patriots team
Members. received from an American friend living in Greece,
where the failed entitlement state is imploding. I'm sharing insider-info with you on what's REALLY going on
over there:
"The situation here in Greece is quite complicated.
Everything took a turn for the worse when the referendum was declared and capital
control began.
We have a 60 euro daily withdrawal limit from each cash card
and because of a shortage of 20 euro bills, we usually end up withdrawing only
50 euro. We use credit cards for groceries, fuel and other necessities.
The problem is that everyone lines up on a daily basis to withdraw
whatever they can because there is no trust in the banking system anymore.
People (who have some income) are keeping cash in their homes.
Unemployment is high and the money is not circulating. Our
sales tax is 23%!!! Salaries are low. Businesses are closing left and right.
Yes, I have seen people at dumpsters searching for food.
Yes, there are beggars outside supermarkets asking for any type of help you can
provide. And I expect it to get worse."
You could say this is playing out like a real-life Greek
tragedy. I'm no economist, but this is what happens when you allow government
dependency to spiral out of control.
And just because Greece is half a world away, DO NOT think a
full-blown economic collapse can't happen here.
With a record 47 million Americans on food stamps alone, we
are speeding full-throttle toward a financial meltdown not seen since the Great
Depression.
We are careening full-throttle off a financial cliff, and no
one
is putting on the brakes.
Now that you've seen the evidence, you know the situation is
way too serious not to do something about. And when that happens, you need to
be ready.
Source: Presidential Coalition.com
Comments
Our first order of business should be to stop and reverse US
government indebtedness. We need to ask all of our elected officials why they
do not seem concerned about government overspending. Cutting federal spending to avoid adding to
the debt should be their highest priority.
The problem in Greece was debt default. The problem in the US would likely be NO
BUYERS for Treasury Bills, while government is spending twice what it takes in
revenue.
The withdrawal rules would likely be imposed in the US, to
keep us from emptying the banks to take our money with us. Hopefully, credit cards
could still be used and grocery stores will still operate. There would be attempts to force our 401K
plan balances to buy Treasury Bills.
Norb Leahy, Dunwoody GA Tea Party Leader
There was a time when people *eagerly* bought U.S. Treasury bonds. Unfortunately that was before a bankrupt welfare state...
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