Americans seem to think they can avoid the coming crash…the math doesn’t lie!

Stockpile Food to Prepare Against Dickensian Scenes of Destitution

June 12, 2009 by Bob Livingston

Stroll down any aisle at the grocery store on an average day and you’ll probably see thousands of items of all kinds made by any number of producers. Many times there are six or eight brands of the same item. And they come in all sizes.

Although store shelves are currently full, there may soon come a time when that is not the case. As the U.S. Federal deficit grows beyond the current historic levels there will come a time when a correction comes. A devaluing of the dollar has already begun. It will be followed by inflation that could become so severe that food and other necessities become unaffordable or unattainable.

It is happening right now in Latvia, where the government’s current budget deficit is estimated to be about 12 percent of the gross domestic product (GDP), according to the International Heritage Tribune.

So as the Latvian government cuts wages and spending in order to bring down its deficit and qualify for a bailout from the International Monetary Fund, “Austerity is rippling down the social hierarchy, as the affluent cancel vacations, middle-class people fret about social descent, and Dickensian scenes of destitution multiply,” the Tribune says.

Many of the people there can simply no longer afford to feed themselves.

Currently, the U.S. is running a budget deficit of about 13 percent of GDP and spending almost $2 for every $1 it takes in. It doesn’t take a Pythagoras to understand that math like that doesn’t add up. More >>