A sizable portion of baby boomers growing up in the USA was exposed to the concept of the American Dream. During this time frame, hard work, and a sound moral compass were traits that could place you on the path to the rewards of the American Dream. It was a time when a person could get a job in various factories of diverse industries, and stay there until retirement. Upon retirement, a worker might receive a gold watch, a lucrative pension, and social security benefits for their time accumulated on the job.
Well, times have changed; the old requirements for landing a decent job used to be a strong work ethic and common sense, regardless of the person's education level. As the competition for available jobs increased, it became necessary to acquire a high school diploma, because basic educational skills were needed to perform ascending technical functions in many industrial fields. Soon, as the various new industries emerged, relating to the technological, medical, research, and computerized age, jobs started to flourish. It became imperative that the serious candidates attend some sort of a technical school, college or university, and in many cases seek advanced degrees in various fields, if they were to compete with other candidates. In an effort to reduce cost in the areas of labor, manufacturing, taxes, and a grand scale of other areas relating to companies? bottom line cost, many businesses started to become creative. Numerous businesses started to outsource jobs in a multitude of departments to operations overseas and south of the US border. In many cases, it was not to undermine the livelihoods of "American Workers", but to maintain competitiveness with other business in their particular industries. Fast forwarding to the present day and age, tremendous disparities have manifested themselves, in relation to the number of dissatisfied workers in our society, and the need for them to sustain their families without government assistance. Various trade treaties like "NAFTA" and "TPP" are viewed as economic job killers for workers living in the US. In an effort to gain some sort of future security for retirement. special occasions, and financial emergencies, many utilize the traditional 401Ks, IRAs, Saving Accounts, and Checking Accounts. While utilizing these modes of savings for the immediate and long-term future something has drastically changed. In the past, your deposits placed in a bank for safe keeping was insured for up to $250,000 by "The FDIC". Well, you can still say that your money is still insured, but in the event of a bank failure, there is no way that you will get all of your money back. The reason is because of recent international laws adopted by the G20 during one of their recent global meetings. In 2008 there was a huge meltdown of the insurance, banking, housing, and the savings and loans industries. The meltdown occurred under the Bush administration and was inherited by the Obama administration. The mechanism that was utilized was called a bail-out. This action was proved to be so unpopular with the general population that it was clearly understood that this course of action could not be utilized in the future. In order to ensure that this avenue could not be utilized again, Congress pass the "Dodd-Frank Act", which was a "Wall Street and Consumer Protection Act". Keeping this in mind, the G20 financial ministers realized the anything even resembling a bail-out to save the economies of their member nations would be completely rejected by the individual general nation's populations. The G20 members became creative and decided to enact an end run around their citizens. Their brainstorm was to be called a bail-in if needed in the future. This amounted to seizing depositor's bank funds in the event of a bank failure. You see the banks have and are gambling with bank funds the secure unstable derivates. These are highly volatile and speculative areas to place money into. In the event that a bank would fail, the depositor's funds on hand would be seized to pay off the derivates. If any money is left, it could be placed back into the depositor's accounts. Now in an effort to balance out the equation, the banks could issue shares of stock to the investors, which would not amount to much. There is around a 230 trillion dollar world deficient, with 70 trillion dollars directly belonging to the US. Some may ask, how did we get into this mess? You can go back in time to the Nixon administration. At that time the Arab countries were furious with the US for backing Israel in their recent wars with some Arab nations. The OPEC nations threatened to cut off the oil supply to the US which would have wrecked the US economy. In a desperate effort to avoid a disaster in the making, Henry Kissinger was sent to Saudi Arabia to broker a high magnitude deal. The US promised to supply Saudi Arabia with a state of the art military equipment package if they would require any nation who in the future purchased oil from them to do something that at the time seemed ingenious. The deal was that any nation purchasing oil from Saudi Arabia has to use US dollars to do so. At this point, the term "petrodollar" was born. At the time this seemed like a very smart thing to do, however, President Nixon made a blunder that set in motion the eventual collapse of our dollar currency system. Up until that point in time, every dollar spent had to be backed by gold; it was called the gold standard. Since that time we stopped using gold to back up the paper currency. From that time forward our nation started printing money like crazy, without the backing of gold. This is called a "Fiat money System", which is the cash that an organization has purported to be legitimate tender, yet is not maintained by a physical currency. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material that the money is made of. The nation's gold reserves used to be kept in Fort Knox, however, there have been troubling rumors circulating stating that Fort Knox has very little gold if any. The rumor also goes on to state that China has the major portion of the world's gold. Could this be an exchange for holding a huge chunk of the US debt? In any event, the writing is on the wall, as far as the US economy is concerned. Ther will be a financial meltdown in the not too distant future. When this happens there will be a completely new set of rules to play by. It will become impossible to simply go to your bank and make a huge withdrawal without risking the possibility of going to prison. You see if a national financial emergency is declared, the government will declare what is called "Financial Martial Law". Contingency plans for enforcing this law has already been set in place. This operation goes by the name of Jade Helm. Massive joint operations which included all of the elite sectors of each military branch conducted training exercises in five states in the southwest sector of the US. Many believe that these were simply dry runs for future events, once an economic emergency is declared. In the event of an economic emergency, the simple act of attempting to get extra funds from an ATM machine could quite possibly land you in jail. Several major banks have already had training exercises, in the event that depositors try to take their money out. One employee of Wells Fargo has spilled the beans and told a reporter that they have been drilled on the proper procedures to follow if customers try to take money out of the bank during an economic crisis. Anyone attempting to withdraw over a certain limit will have a report generated on them and sent directly to the federal agency in charge of the operation. All things being equal, in order to hold onto you hard earned funds, it becomes necessary to become proactive. It would be wise to start withdrawing your funds out of the bank now before repressive laws start in motion. Once you have your funds, your best bet would be to purchase silver coins for a number of reasons. However, never purchase anything that you can't hold in your hand. Currently, the price of silver is around $19 - $20 per ounce, compared to gold which is around $1350 - $1400 per ounce. Th the event of a meltdown, the price of silver will rise exponentially while the price of gold will be out of reach for the average person. With the price of silver being so low as compared to gold, there will be a higher rate of growth and appreciation. In any event, it is best to keep in mind that there is a danger on the horizon, and if not careful much can be lost.