The Phaserl


Houston – We Have a Problem

by Ken Jorgustin, Modern Survival Blog:

Set the stage:

The $hit has hit the fan. The dollar has collapsed and is now worth half what it was just 6 months ago. The reasons for the collapse are not relevant any more. Most people don’t understand why it happened, and are now truly in dire straights. They are just trying to survive.

The DOW has collapsed to 5,000, gold is now $5,000 an ounce, unemployment has soared to 35%, and those that are still working are sinking fast while food and energy prices skyrocket. Nearly all investments have gone bust.

Most people are in despair having lost most of the value in their 401K retirement plans. The crash of 2008 was miniscule in comparison to what has just happened…

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