Starting March of 2009, the value of every dollar you have saved, invested or set aside for retirement has plunged 15 percent. A dollar that was worth $1 just seven months ago is now worth 85 cents. In the 1970s, smaller, slower declines in the dollar brought a massive surge of inflation. Today, the devalued dollar is making energy, food, clothing ... and other products we buy cost more. In the last seven months, crude oil is up 96 percent. Raw materials needed to manufacture most products we buy cost more. Copper is up 88 percent. Aluminum is up 38 percent. Nickel and cadmium for the batteries in your cell phone and computer are up 93 percent and 18 percent, respectively. Cotton is up 45 percent, wool is up 24 percent, making the price you pay for clothing escalate. Food imported from overseas is already soaring: coffee and tea are up 26 percent and 42 percent. Oranges are up 41 percent. Sugar is up 71 percent. Checked Wal-Mart’s prices lately?
When the dollar’s value falls against foreign currencies, you can expect all imported goods to rise. What if this trend continues? What if the dollar begins falling even faster? Will you survive? The dramatic plunge in the dollar you’ve seen so far is only the beginning .... The U.S. government now has no choice but to devalue your dollars.
The total national debt is nearly nine times larger than Washington claims. When reporting the national debt, Washington conveniently leaves out the $104 trillion the government owes to seniors and veterans through Social Security, Medicare, Medicaid and veterans benefits programs.
Meanwhile, the Obama administration is planning to increase spending. Sending small supplemental checks to 50 million seniors. Extending unemployment benefits. Renewing tax credits for new homeowners. And pushing the biggest health care package in history. Three years ago, the federal deficit for fiscal year 2007 was $161 billion. By September of 2008, it had more than doubled to $407 billion. And just a few days ago, Washington revealed that the deficit had exploded to $1,400 billion ($1.4 trillion)! When your money is devalued, your wealth is diminished. Every dollar you have buys less! Roosevelt’s debt solution — suddenly gutting the value of a currency in order to repay debt with cheaper money, caused the value of savings to crash. Those counting on their savings to get them through the depression got annihilated as their dollars lost nearly 70 percent of their purchasing power in a single day. Retirees and anyone approaching retirement that plan to live on fixed incomes could be wiped out. Sit and ignore this reality and risk massive losses as your buying power plunges and your cost of living soars ..., or take action to defend your savings, investments and retirement future.
At the rate of $100 million per day, it would take 3,446 years to pay off total government debts and obligations! Washington has no other alternative but to decrease the value of your money, and then pay its bills with cheaper dollars (Roosevelt’s Solution).
Glade Sun
Obama will have to devalue the dollar — value of savings will crash
- Glade Sun
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FG First Baptist Church all smiles as their 'ship comes in'
Fairfield Glade First Baptist Church was right in the path of the right-of-way for the new widening project for Peavine Road. With a new site selected and the new church building well under way, on Feb. 6, TDOT officially presented Fairfield Glade First Baptist Church a check for $1,435,550 for their property.
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SMHS Rocket Club visits FG Rotary
Fairfield Glade Rotary Club warmly welcomed eight accomplished Stone Memorial High School students. The members of the SMHS Rocket Club team presented a detailed account of their most recent competition in the Team America Rocketry Challenge National Finals in Washington D.C.
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Dr. Smith to speak Feb. 15 on women's health
William E. Smith, MD, will speak on women’s health on Wednesday, Feb. 15, 11:30 a.m.-12:30 p.m., at a free Community Seminar, in the conference room at the Cumberland Medical Center Wellness Complex in Crossville, at 130 Woodmere Mall, on Hwy. 127. Non members of the facility are welcome.
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Lake Tansi resident wins Holiday Challenge drawing
Betty Smith of Lake Tansi won a six-month membership for the Cumberland Medical Center Wellness Complex at Crossville because she successfully completed a Holiday Challenge to maintain or lose weight from Nov. 24 through Jan. 4.
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Read the latest edition of "The Bulletin"
The Crossville Chronicle-Glade Sun also publishes a newsletter called "The Bulletin" in which you'll find a schedule of Glade activities and events, a restaurant and dining guide, golf information, and even tour schedules. Click here for the latest PDF edition of "The Bulletin."
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Playhouse favorite Daniel Black to appear this Sunday at the Southern Stars Concert
The Southern Stars Symphonic Brass will be presenting their second concert in the Crossville Music Series on Sunday, Feb. 12, at 3:30 p.m. in the beautiful auditorium at Stone Memorial High School.
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Iles is Lions Student of the Month for January
Cumberland County High School senior Dimi Iles has been honored by the Fairfield Glade Lions Club as January “Student of the Month.” She was selected by Guidance Counselor Robin Hull to be so honored by the Lions Club.
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Three musicians join Big Band Sound
Two talented Tennessee Technological University students and a veteran drummer have joined the ranks of the Big Band Sound. They are Kurt Snider, Brant Poindexter and Sarah Ransom.
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Avalon Center asks you to "Let Your Heart Rule" in February
In 2010 Congress began dedicating the entire month of February to Teen Dating Violence Awareness and Prevention Month, a national effort to raise awareness about abuse in youth relationships and promote programs intended to help youth with teen dating violence issues. Throughout February, individuals and many organizations nationwide highlight the need to educate young people about healthy relationships, teach healthy relationship skills and prevent the devastating cycle of abuse.
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ENJOYING NATURE: How ‘fur’ would you go to get a great coat?
I saw in one of the magazines, that I sometimes read, that the Tennessee Fur Harvesters Association was having a fur sale in Crossville. “Fur harvesters” is another word for trappers. Trappers try to catch fur bearing animals like coyote, mink, and beaver for fun and profit. I talked Gary into going with me to see what we could learn.
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