When "it" comes, the new economy folllows

You may think that what is happening in the worlds economies may all work out; but, it will not. The world is going to set up new rules for financial transactions and the west will be less wealthy. Warren Buffet saw this coming for over 20 years. I am going to talk about what the United States looks like after the world goes off the dollar and how we have been preparing for it.

Here is a fairly good take on what is going on by someone that I just read. Godlike Productions - The Grand Finale: Here Is What Is About To Happen To You...An Economic Love Story, or Fifty Shades of Green? While I may not agree with everything the author said, it is a pretty good summary of things.

It is very possible that we will see some big shakeups on Wall Street this week, if you have stock do not sell, hold onto it and wait out the ride. The stocks to stay out of are financial companies and banks. The FDIC and Bank of England's plans to conduct "bail ins" in the future for banks that fail means that if you have stock in those companies, you lose it. The stock will be turned over to the depositors.

We can see the warning signs. Yahoo - Reuters - Wall Street sags, but ends off session lows; HP hits 52-week high.

They are warning us all the time. The Federal Reserve - Ending "Too Big to Fail". Banks as you know them will no longer be needed in the same way and they are going to be broken up into neighborhood piggy banks.

For the past couple of years they have been printing new $100 bills and they are about to release them. NewMoney.gov - Federal Reserve Announces Day of Issue of Redesigned $100 Note. They begin circulating on October.

After the coming economic tsunami, things will be different. For people in the United States expect the following things to be the new normal.

1. Fewer and fewer people will go to true universities.
2. Fewer and fewer people will own personal cars.
3. You will live in smaller spaces or share a home.
4. The suburbs will become the new ghettos.
5. You will have to work longer.
6. You will have healthcare; but, will be penalized for personal choices like smoking, drinking and what you eat.
7. You will not get tax benefits for being married, having children or buying a house.
8, There will cease to be any anonymity on the internet.
9. You will have to report your health to your doctor or get no insurance. Mail Online - The real-life tricorder: The gadget that can measure all of your vital signs in just TEN seconds
10. It is not going to get better.

Sorry, but that is the truth. The fall has been delayed so that we can get accustomed to doing with less. Just assume that I might be right about what is coming. There is nothing you can do to avoid it. The thing to remember is that the United States has some of the best contingency planners ever. We plan for everything, all possibilities, well, most. A plan was put in place years ago, just in case our currencies ever collapsed. A plan was put in place in case the world went off the dollar standard. I assure you plans for responding already existed. Don't panic when things get weird. Don't worry that the world will end, don't worry that we will live with less.

Mail Online - Global markets plummet after US Fed threatens to cut emergency cash support to economy


Market Watch - Bernanke out by August, QE ends, rates up: Crash

Yahoo - Reuters - How the Fed could ruin your summer holiday

Wall Street Journal - New Zealand, China in Talks on Convertibility of Currencies

Sorry if this wasn't uplifting and cheerful, it is what it is. Peqce.