by Dave Hodges, The Common Sense Show:
It is easy to misinterpret the signals of our economy from afar when we see people driving cars everywhere and we tend to think that our economy as not being that bad. However, the fact remains that 40 years ago Americans owned those cars that we see them driving. Today, we are renting them as 40% of us are leasing our vehicles. As we drive up and down our neighborhoods, we see people living in houses and we lie to ourselves and use this as a false barometer to convince ourselves that everything is OK. However, many of these homes we see people living in, have lost all of their equity. The logical answer to the question “When will we have a depression”, should be answered by stating “We have an $18 trillion dollar annual deficit and that is the good news. We have $240 trillion dollars of debt from unfunded liabilities and we have a stunning $1.5 quadrillion dollar debt. So, you better grab all the food, water, guns and ammunition that you can and run for the hills”! But as long we see people driving in cars and living in houses, most Americans are going to deny the truth. And the last thing that I wanted to do on the first day of a new year, was to be the harbinger of doom and gloom. Yet, I feel compelled to speak the truth, on this New Year’s Day, because I might be able to get one more person to take the steps necessary to help increase the odds of their survival in response to what is coming. History shows that one can count on four things occurring following the collapse of the dollar.
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