Obama's fiscal savings program: add 13 trillion to national debt by 2022.

Obama is now talking up his plans to cut the national budget by dollar figures which amount to noise and rounding errors.  The real news is that he seeks to double the national debt over the next 10 years.
http://www.kansascity.com/2011/02/14/2655708/obamas-budget-would-add-13-trillion.html

Unfortunately, the truth is a bit worse than the news.  The entire global financial system is a debt based Ponzi scheme.  There is no way to shut it down gracefully and our "leaders" know it.  Everyone is so dependent on the government these days it's not funny.  Real cuts will bring angry people into the streets with bad intent.  If you haven't been paying attention lately, Tunisia and Egypt have told their leaders to walk away on their feet or be carted out on their backs.  The leaders walked away in both cases. There is also serious unrest in Syria, Jordan, and now Iran.  Armenia is also heating up.  The global herd is restless.  Hillary Clinton is applauding the unrest in Iran.  I wonder what she will be saying when it's Americans telling her and the rest of the corrupt DC elite to get out either on their feet or in a stretcher.

Yes, everyone is dependent on government these days.  Everyone.  The obvious ones are those on food stamps, section 8 housing, unemployment or other social safety nets.  But what about those on social security which recently went fiscally bankrupt and is now operating in the red?  Yes, they are dependent too.  And so is everyone who owns a home because if government wasn't holding interest rates down then housing prices would absolutely crater.  Can you even imagine the damage if rates went back up over 12% like they were back in the 1980s?  Of course everyone who wants to buy a house but has no downpayment is also dependent on government to keep those rates down and so is anyone with an adjustable rate mortgage.

Of course you might not be in any of those groups but I bet you like the government subsidized gasoline price of $3 a gallon, right?  Oh, you think that's high?  Go anywhere in Europe and you will see that it is more like $5-$7 per gallon.  Government subsidizes gas prices through borrowing.  Also, the cheap Chinese goods that we get to pick through on any given day are all effectively price subsidized by government borrowing. When we are unable to make the promised payments on our debt you will see fuel prices skyrocket right along with clothing and food and everything else because our sovereign credit will be made very expensive or cut off completely.

Yeah, Obama's out there with his shiny new budget talking about how he's cutting back, blah blah blah.  Still, if the debt goes up exponentially what kind of weak minded idiot would listen to Obama brag about cutbacks?  Seriously!  At the start of Bush 2 the debt was 7 trillion.  A decade later it is now 14 trillion.  And Obama is now telling us that a decade from now it will be 26.35 trillion.  Of course, there is no way it will be that low.  Neither dems nor GOPs ever hit their budgets - they are two sides of the same corrupted and rusting silver plated steel coin.  The new budget, ridiculous as it is, will be blown.  We will have an "unexpected" expense like another needless war in the middle of a desert or perhaps we can fight Russia over who owns Antarctica or maybe we can even start a war on the moon this time.  Whatever.  They will find a way to spend more because it's all part of the con.  But even if they do hit that ridiculous Obama budget it will still represent a clear pattern of doubling the national debt every 10 years and that, folks, is an exponential function.  And it isn't because Obama is any better or worse than Bush.  It's because they both inherited a debt Ponzi that started way back in the Kennedy era.  The writing was on the wall regarding the debt Ponzi's eventual demise back in 1971 when Nixon was forced to abandon the gold standard.  The system is corrupt and it corrupts almost everyone who works within it.

Do you honestly think we can ever stop borrowing at this exponential rate?  Really?  REALLY??  What makes anyone think it is possible?  The fact is that it's no longer possible to stop voluntarily because it will lead to massive civil unrest as the money raining out of Helicopter Ben's flying conmobile dries up.  The only way we will stop is due to lack of suckers willing to loan us cheap money.  That's when we are going to have our own little slice of Tunisia and Eygpt right here in the states.  So many people are going to get screwed out of what they thought they had that it will send the people into the streets looking for answers or revenge, whichever they come across first.  Banks will fail and the already fiscally bankrupt FDIC won't be able to cover any significant amount of the defaults.  Food, clothing and other prices will skyrocket reducing the buying power of the $500k+ that you have socked away in your 401k so that is spends like it was only $50k.  Nobody can say when the Ponzi will collapse.  It could be 2 months or 12 years but it's a very good bet that it won't last forever.

But for all this scary talk, the path to safety is perfectly clear.  If the problem is that the government is running a debt based Ponzi scheme then look at how people who got out of Madoff's Ponzi scheme pulled it off and follow their lead.  The simple answer is that they got out before it collapsed.  For them getting out meant converting Madoff accounts into dollars before the herd caught on.  For the government run Ponzi scheme, getting out means getting out of the US dollar and out of dollar denominated assets before the herd catches on.  How do you get out of the dollar? 

Follow the yellow brick road.  Follow the yellow brick road.  Follow, follow, follow, follow, follow the yellow brick road.

In other words, dollar cost average into gold which is the only true form of money that modern societies have ever used.  Just buy gold instead of contributing to a 401k or some other government controlled money trap.  Don't buy all at once.  Don't try to time the market.  Don't worry if it goes down 15% and don't get excited if it goes up 15%.  It's a long term wealth storage mechanism, not a gambling vehicle.  Just save gold on a regular basis and forget market timing, flash crashes, government defaults, etc.  If you want to get a bit more leverage, buy some silver too.  And always take physical posession of the metal.  ALWAYS.  A bird in the hand is worth 1000 birds in the bush in a finanicial crisis.  Of course you should talk to a financial advisor blah blah blah as if they know anything more than anyone else blah blah blah.  Getting out of the dollar means getting out of the gambling casino.  You might give up some short term gains but you will not have to endure long term losses.