America is at the Edge of Niagara Falls

• Bob Moriarty the founder of 321Gold.com gives his assessment of what is about to happen to America in the coming few months. Admittedly he is a Gold Bug. Nonetheless, what he says is fascinating.
   
• Bob says in : Chaos on the Horizon? Invest in Real Assets ,
    
  We are to the point where we are about 14 feet from going over the edge of Niagara Falls. We haven’t gone over the edge yet; we haven’t gone to a total collapse. We don’t have riots in the streets; we don’t have a revolution. That’s coming; that’s about two to three months off.
   
  Here’s what we’ve got: the Fed has committed to $8.5 trillion of taxpayers’ money to bail out the worst run companies and banks. It hasn’t worked. Now, they’re at a 0% to .25% on the Fed Funds rate for funds for banks, which means if you go down and you pay $100,000 for a T-bill for 90 days, your return is zero, which is to imply that there is zero risk to investing with the government. Anybody who actually believes that is going to be in for a real shock in the first quarter of next year.
     
• Hyperinflation seems to be on the near horizon: 9 – 12 months later? US debt default is increasingly being discussed in the open. Bob again :
   
  What we have done is guaranteed hyperinflation in the United States. We have guaranteed the destruction of the United States. We will have riots starting in the first quarter of next year; we will default by the summer of 2009. 
   
• His view squares with that of Gerald Celente. America will see a major economic collapse followed by riots, martial law (??) , food shortage… etc will follow. Why is US Army redeploying troops to America? Why is the Pentagon openly discussing possible collapse of American society? Martial Law?? These are all very dire predictions for the future of America.
   
• It does not help that Russian Professor Igor Panarin says in : As if Things Weren’t Bad Enough, Russian Professor Predicts End of U.S.
    
  Mr. Panarin posits, in brief, that mass immigration, economic decline, and moral degradation will trigger a civil war next fall and the collapse of the dollar. Around the end of June 2010, or early July, he says, the U.S. will break into six pieces — with Alaska reverting to Russian control.
     
  “There’s a 55-45% chance right now that disintegration will occur,”
   
• Crazy Russian?? Well, maybe a little !

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