2013 Will Not Be A "Happy New Year" For Most Americans

[As the New Year approaches it is becoming more and more imperative that we] find our internal inner joy…[and] maintain our positive perspective…while the external world around us deteriorates thanks (actually that should read “no thanks”) to all those…who caused or enabled the current financial and economic trauma. We must face up to the fact that the current financial path of the United States is unsustainable and will probably not result in a “Happy New Year” for most Americans in 2013. As such, we must do something utterly different. Words: 620

So says GE Christenson, aka Deviant Investor, (www.DeviantInvestor.com) in edited excerpts from his original article* entitled The No-Thanks-Giving Parade.

Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com(Your Key to Making Money!), may have further edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) the article below for the sake of clarity and brevity to ensure a fast and easy read. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement. 

Christenson goes on to say, in part:

[Below is my list of all those I wish to send a heartfelt “No Thanks” to:]
  • The politicians who borrowed and spent Other People’s Money – and produced nothing lasting except debt….
  • The military who turned wealth and value into a decade of death, destruction, and debts….
  • The Federal Reserve for creating all the dollars that enabled the excessive spending on warfare and welfare and left Americans with the debts. It was profitable for the bankers and major corporations, but not for the majority of Americans.
  • The creators of the mortgage-backed securities and their derivatives. Those weapons of mass financial destruction enabled a housing bubble and a financial crisis, and the result was millions of foreclosures and lost homes.
  • The politicians who arranged for the bailouts, at taxpayer expense, of all those banks, AIG, Fannie, Freddie, the FHA, and many others.
  • The lobbyists who worked frantically to preserve the highly profitable status quo for the political and financial elite.

“When the present path cannot possibly lead to success, regardless of the labor and treasure poured into the effort, then risking the unknown by trying something different is the only way forward.” (Charles Hugh Smith – November 20, 2012)

The current financial path of the United States is unsustainable, so we must do something utterly different. [Read:

My suggestion is that we be honest and admit that:

  • Continuous creation of more debt, both public and private, is not the answer.
  • The VALUE of Social Security and Medicare benefits will necessarily decrease. Perhaps the number of dollars in our monthly Social Security check will increase slightly, but if it only buys a few loaves and fishes and a tank of gas, its VALUE has decreased. Perhaps Medicare benefits will be rationed or severely limited – thereby reducing their value.
  • Taxes will increase.
  • New taxes will be imposed. We might see a “Carbon Tax” or a VAT.
  • Military expenses will decrease – not because anyone wants a reduction, but because they must.
  • Inflation in consumer prices will increase – and it will get worse.
  • The standard of living for most Americans will decline. The purchasing power of the dollar will substantially decrease in the coming years.
  • “Gold is money. All else is credit.” J. P. Morgan to Congress 1912.
  • Things you NEED will cost more – food, energy, transportation, medical care. Things you want will cost less, relatively speaking.
  • Paper money comes and goes throughout history. In the 21st century, it appears to be “going.”
  • 2013 probably will not be a “Happy New Year” for most Americans.


The two most influential heavenly bodies are the golden sun and the silver moon. The two most important investments for this decade are gold and silver. The true gifts for Christmas and New Years are silver and gold. Let’s give thanks for the individuals who spoke with wisdom and truth about the lasting value of gold and silver: Jim Sinclair, Richard Russell, and many others.

*http://www.deviantinvestor.com/1861/1861/ (If you would like to be updated on new blog posts, please subscribe to my RSS Feed or e-mail.)

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