Catch the Wave - Russell M. Nelson - April 2013 General Conference

http://youtu.be/skqD1_G6CL8- (Link To The  Great Talk Above)

I Love The "Catch The Wave"...As The World Catches Another Wave, This Talk Shows Which Wave To Catch As We Prepare The World For The Second Coming.

The Following Article Is The "Wrong Wave" That We Currently Find Our American Way Of Life, The Dollar-

Don't Be Discouraged!! Follow The Prophets Of The Lord!

Here's a sobering article by Richard Russell that appeared on Lew Rockwell's web site this morning. It's a very clear and concise summary of the trouble we are in economically. Our debt is crushing us and it can't be repaid. The only thing standing between us and an economic apocolypse is faith in the dollar -- and faith in the dollar is now sinking like a rock. Of course the value of the dollar is sinking right along with confidence in it as the world's reserve currency. We're only beginning to feel the pinch. Just yesterday, Australia entered into an agreement with China to NOT trade in U.S. dollars. Brazil, Russia, India, and China (BRIC countries) also recently entered into an agreement to trade in currencies other than the dollar. The world knows we are a sinking ship. Russell also echos Marc Faber's recent statement that even gold may not save us. Although a believer in investing in gold, Russell believes that the U.S. government will eventually try to outlaw its private ownership.

This article is helpful in refocusing on the big picture. It's so easy to become distracted in the minutia of each day's economic news not to mention daily living. After reading this and brushing aside the chaff, the only conclusion I can reach is that we're pretty much doomed. It's only a matter of time. I don't think that there is any exit strategy for our problems, only delaying tactics in order to put off the inevitable.

Inflation is building and the value of the dollar is sinking. As I recall, during the inflation of the 1970's, wages and incomes kept pace fairly well. This time, wages are stagnant and declining. Even federal government workers are falling behind in the race against inflation, which according to John Williams of ShadowStats is clipping along at over 10% in spite of governmental lies.

Because I'm beginning to feel the pinch, I'm in the process of restructuring my finances in order to create as much cash flow as possible to provide my family with a cash cushion if the disparity between income and living costs accelerates.

Hang on, it's going to be a rough ride.

Gold and the Dollar

I've written about this before, but I want to emphasize this again. I've been asked to name one future situation that I'm most certain of. My answer is this – I believe the surest situation (change) in America's future is a decline, even a drastic decline, in our standard of living. We've spent it, we've spent what we didn't have. And somewhere ahead, probably much sooner than we think, will come pay-back time. And it won't be pretty.

Why do I warn about payback time? My answer is that there is no free lunch or free dinner. Really? But Americans have been stuffing themselves with free lunches and free dinners ever since World War II. How could they do that? Here in the US we have been able to keep our standard of living high because of one reason. The fact is that we have been spending more than we have taken in ever since 1946. And in doing so, we have built up huge deficits and debts. How was it possible to do this? It's been possible because we possess one "magical" advantage. The US possesses the world's reserve currency. For years the US dollar was considered "as good as gold." Consequently, the world accepted our dollars by the multi-billions. Happily the US dollar has been the world's reserve currency for decades. The reason our standard of living has been as high as it has – is that we have been able to buy any amount of food and merchandise with our dollars. The secret of our exalted standard of living is that our creditors have been accepting our dollars all along – until now.

The reason I have predicted that our standard of living is headed for a great fall is because the world is starting to back away from the US dollar. The dollar has not been holding its purchasing power, and the world knows it.

The central banks of the world and many nations including China (our biggest creditor) are now in the process of cutting down on their dollar exposure. To do that they are now buying (instead of selling) gold. For 12 years I have been begging my subscribers to do the same thing – buy gold. More recently I have been urging my subscribers to buy gold in physical form – in the form of one-ounce bullion coins.

There is one problem with holding physical gold. That problem is the US government. The intentions of the US government and its dollar creators (The Federal Reserve) are the same – control and remaining in power. But what if a desperate US government announces that it's illegal to own gold? Would they do that? I believe that any government will do absolutely anything to ensure that it remains in power.

I'm aware that there are a thousand schemes for ensuring that your gold will be safe. Perhaps the easiest and surest way to keep your gold safe is to place it in plastic tubes and then bury the tubes in your back yard under a plot of geraniums. Still, how can you use your gold if it's against the law to even own gold? I don't have an answer for that. My answer is buy the gold (or silver), hold the metals and hope for the best – hope that America comes to its senses. Except for armed revolution, there's no way to beat a government that is fighting for its life, a government that holds all the power and the guns. And I keep thinking that if the government tries to pass a law making it illegal to own gold, there will be such a protest from the voters that the government might well back off.

To get back to the reserve currency, I've always believed that just as the dollar (the reserve dollar) has been the strength of the US, the dollar is also America's Achilles' heel. In a sane America which believes in spending within its means, the dollar with its reserve status is a symbol of strength. But in an America that runs up huge deficits and then pays off those deficits with dollars that it creates out of a computer, the fiat dollar becomes a source of extreme weakness.

Everybody knows that the Federal Reserve is attempting to hold the US economy up by its bootstraps by printing ever-more fiat money. But in printing the money, the dollar is losing purchasing power by the day and by the hour. As the dollar buys less and less in terms of food and merchandise, inflation comes into the picture. But the government has found a way of circumventing the inflation problem. The way is called – lying. So far the process of lying has worked. There have been no food riots in America. And why should there be, when 44 million Americans are now using food stamps?

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