Here is a great article discussing how the increasing national debt will be paid off by everyone.

Let me breakdown how I see the situation with the national debt, taxes, bailouts and how it will result in.

The banks and major corporations around the world were involved in risky and questionable investments, and as a result lost a lot of money. Now they come to the government to bail them out to soak in the losses.

But wait, what were these bailouts used for? Definitely not for job creation or improving infrastructure; instead they paid themselves masses bonuses.

Now, the government has a bigger national debt which means larger interest payments. But, the rest of the population on the bottom, are losing jobs, reduced income and racking up more debt just to stay alive. Since the government now has less tax revenue coming in, they need to find new ways to squeeze out more money from the people.

So while we struggle financially, we are not faced with more taxes, fees, etc.

So the question I certainly want to ask is that, when will people open their eyes to the reality? Why are we paying for the mistakes of the greedy corporations and banks?

So looking ahead, how will our life look when we are faced with higher taxes? Are we ready to cut down on our consumption and debt? Are we going to be forced to choose between gas for the car to go to work and food to eat?

Are we going to downsize our life now or face the inevitable when it is too late?

The Preppers movement is alive and kicking, here is a great video. Here is another great video with Gerald Celente, talking back about our nation going back to the good old days.

Commentary:

There is great information in the video above but from personal experience, there are a few priorities to consider.

• Water
• Warmth

These two are probably the highest of priority for most situations because you can go on without water for up to 3 days, while you can last without food for 3 weeks. Warmth is important because if your body is not warm, it cannot function properly and it will start to shut down.

The rest of the items needed to take into consideration are things such as food, protection, shelter, personal hygiene and small community. The mindset is to prepare yourself with what is most important to you assuming that  the worst case scenario happens where you are not about to go outside and buy anything. Assume that banks and stores will be closed, all public services downsized.

Certainly you don’t want to wait in line to see a doctor or get soup because the wait could be too long where you may die. It makes sense to prepare yourself ahead of time and not be caught in a bad situation when you least expect it.

Prepare for the worst, hope for the best!

Ideal for those occasions when you take the wrong turn and are forced to spend an unexpected night out. Only 3.8 ounces!

Price: $14.85

If the proverbial you-know-what hit the global fan, would you be prepared? The answer to that question is most likely a big, fat no.

After all, it’s hard to develop life skills (e.g., growing/storing your own food, filtering water) while playing myriad video games or scrounging the Internet for funny videos to post on Facebook.

Turns out, though, that while you may not be concerned about mass chaos and world destruction, a growing number of people are.

Continue reading The “Prepare for Disaster” Movement