Well the last few months have proven many points we have
been saying, Ben Bernanke head of the Federal Reserve in the U.S. said on Wednesday
that there needs to be reform on the entitlement programs in the U.S.
The Medicare and Social Security programs will strain the nations budget and
economy unless reform is taken, according to Mr. Bernanke.
You as well as i know that when a government person is warning about a possible
“strain” and that action needs to be taken “earlier rather than
later”, that the program is most likely in deep trouble already.
Although I do not believe that it is impossible to fix the two ailing systems,
i do believe it will be an uphill battle. The way most western society is they don’t
want to give anything up today even if it means a better tomorrow.
This problem is not only faced in the U.S. it can be argued that Canada or
England or even the rest of the E.U will face the same if not even a more harsh
reality, as the American health care system does not even come close to encompassing
the amount of costs that these other western nations do.
As usual though, for readers of the coming crisis know this is not doom and
gloom this is what we have been preparing for. You will see the health care and
social security system fail and when someone is faced with a decision of going
for surgery or selling a stock or a house, i think it is pretty obvious what
they will do.
Now some of you might be saying isn’t that cruel taking advantage of others.
The question i ask you is what if you were the one selling the stock or the
house and you needed cash for your surgery or just to survive?
It is important to be able to buy someone else’s asset off of them otherwise
the market system fails. Again any profits made could and should (at least a
portion) be donated to charity. Thus helping out the very same people.
The whole story can be read on Yahoo
but again it’s what we have been saying for a while now.
Remember be prepared and prosper!
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