Economic Catastrophe

There is a saying that "forewarned is forearmed." It is my contention, and has been for some time, that our national fiscal direction can only end one way; in disaster. Debt, spending, quantitative easing (printing money), trade imbalances, unfunded liabilities, pensions and a host of other issues are, in the words of most politicians and economic experts, unsustainable. The question is, what happens when it actually ceases to be sustained?

In other countries like Chile, Zimbabwe and Germany after World War 1 where these fiscal policies have been followed, hyperinflation was the result, which is the total collapse of the currency and, by extension, the economy. Inflation is already rearing its ugly head as we head toward $5 a gallon gas and other commodities, like food, rise to a degree that really puts a pinch on most consumers. If the Federal reserve finally starts to recognize the inflationary pressure we are under, interest rates will rise, suppressing even more economic activity and sending housing down even farther.

The decisions that have brought us here have been made, and will continue to be made, at the national level, primarily by unelected officials we have no control over. Debt, unfunded liabilities and the creation of gobs of fiat money have pushed us over the edge, we are only awaiting the inevitable collapse of an unsustainable system.

In an attempt to educate the community about these issues and encourage preparation for what’s coming, I have developed a seminar titled "Surviving the Coming Economic Catastrophe" which I will be presenting at the West Side Community Center in Bivalve on Wednesday January 19 at 7PM. I would like to personally invite you to come and educate yourself about our current fiscal situation, its causes and coming consequences, what we can do as individuals and communities to prepare and what we must do to come out on the other side of this coming crisis reestablishing our freedom as Americans and ensuring that our best days are still ahead.

Michael Calpino