$1 Billion Loan Guarantee From A Nation In Financial Freefall

Perhaps, at an earlier time in our country's history, it might have made sense for Secretary of State John Kerry to formulate a $1 billion loan guarantee for Ukraine. Besides working with the International Monetary Fund and international organizations to arrange the loan, the Obama administration is also considering additional direct assistance to Ukraine.

Ironically, the USA itself can quickly end up coming to be a larger version of Spain or Greece. Today, these two countries that are in the depths of a financial crisis. We are no longer a rich nation; instead we are a nation on the edge of monetary ruin. With a $16 trillion dollar debt, we have to borrow money from China and various other countries to keep our chins up.

US credit will certainly experience a downgrade if the public debt balloons to $21 trillion, and it looks as if Kerry is speeding us on our way with his wishes to conserve the Ukraine. What if the United States placed its money to put people back to work? In the United States, the rising unemployment rate is probably twice the official rate of 8.2 percent.

Leading economic experts like Wiedemer, as far back as 2006, were discussing the looming collapse of the United States housing market, a decrease in the equity markets, and a fall in customer spending due to increasing personal debt. Today, a lot of what he forecasted is showing up in trends like high joblessness, a diving stock market, and a spiking yearly cost of living.

Federal Reserve Chairman Ben Bernanke as well as former Chairman Alan Greenspan, entrusted with damage control, have done just the opposite. And while the crisis they engineered by reckless printing money continues unabated, Kerry has toured the Ukraine, promised aid, and warned Putin to de-escalate his military.

Now, if that's not crazy enough for you, here's one more twist to this tale of official lunacy. While the Obama administration is planning to collaborate with Congress to give a $1 billion financing guarantee to shield that nation from reduced energy subsidies, Russia will most likely counter that initiative by elevating gas prices. Yet because Russians are the bulk holders of Ukrainian debt, the money from the U.S. will wind up in Russian financial institutions.

It resembles the Titanic's captain and staff playing Texas Hold'em while the ship is heading straight for an iceberg. We have been talking about investing in your future for a long time now by getting God's money -- precious metals like Gold and Silver-- because it will not be long now before the paper in your wallet will certainly be worthless.

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