Government Shutdown and the Decline of the Dollar

By on September 30, 2013
capital hill down hill

capital hill down hill

As I write this article, main stream media is predicting a 90% chance that the government will shut down by midnight on Sept 30th.

The last time a government shutdown happened was in the end of 1995 and lasted only a couple weeks into 1996, it was the result of conflicts between Democratic President Bill Clinton and the Republican Congress over funding for Medicare, education, the environment, and public health in the 1996 federal budget.  This time the shutdown is related to the US Debt limit which is currently set at $16.7 Trillion and if it isn’t raised it will be maxed out and some of the federal jobs will be put on hold until things are resolved. The GOP has given in so many times over the U.S. budget and debt ceiling that most of the public expects they will do it again. However, I’m not so sure about it,  I mean there has to come a time when the government takes responsibility instead of increasing the limit every year.

The result of not taking responsibility will result in a deflated dollar and it will get to a point where a loaf of bread costs a days wages (anyone familiar with the book of Revelation?) It seems like times are only going to get harder and I hope and pray that it improves but if it doesn’t I also pray that you and your family are prepared for it.  I would love to hear what you think about it, Please leave a comment and let me know.

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