BELLWETHER EVENTS

A bellwether is an entity or event in a given arena that serves to consistently create or influence trends or to presage (or nearly predict) future happenings.   Actually, the word itself is derived from the Middle English bellewether and refers to the practice of placing a bell arount the neck of a castrated ram (a wether) leading his flock of sheep.   The movements of the flock could be noted by simply hearing of the bell before the flock itself was ever in sight

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For a modern example of a "bellwether event" one should consider that if the nation of Greece defaults on its' national debt because its citizens reject austerity budgets and cut backs on "entitlements" to the public and is forced to sell national assets to pay current bills, that event might display an example foretelling how citizens in other nations might react to financially similar events. 

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Another example for a "bellwether event" would have to be a view of recorded human history that absolutely proves that over time "fiat" currency (so-called money but without any precious metal content or backing) eventually becomes worthless consistently and has done so numerous times in recorded human history.   When one nation defaults on its' debt obligations it "dominoes" its effect onto those nation's financial structures who own a portion of the defaulting nations' debt, who in turn also must eventually default on their debts on the next tier of nations who own their debts, and so on,  like ripples of water on an otherwise calm pond of water.    It's not unlike your check bounces because the check I wrote bounced first, and each check drawn on the same money but by different creditors also bounce in an ever-widening circle of creditors who become debtors as a result of the first bounced check.

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Confusing?   Yes.   Informational?   Also yes.    As more of the smaller nations default on their debts (they simply cannot pay interest and principal when payments fall due) eventually the economies of ever larger nations are financially harmed until a time comes to "reset" the world economy.   That's bad enough when a nation changes from a creditor nation to a debtor nation, but worse still for the debtor nation who grinds toward ever-deeper indebtedness that can never be repaid (like the USA).    The "reset" cannot occur until the bad debt is "dissolved" by devaluation through inflation and then by hyper-inflation, then food riots, looting and social chaos in the cities and in the country.

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Are you prepared to pay $10 a gallon for gasoline or milk?    Or perhaps $12 for a loaf of bread?   What if you are earning only $9 an hour/$360 a week but your rent or house payment (principal, interest, property taxes and insurance) hits $800 or $900 a month and your electric bill shoots up 40% next fall?   Don't you think that if this scenerio is even possible that it might be a really great idea, right now, to plant yourself a large vegetable garden, close out your 401(k) and pay off your house, and with your remaining funds spend them now and store up for yourself and your family a few hundreds of gallons of potable water, canned goods, freeze dried foods, ammunition, water purification tablets and even toilet paper, perhaps even a bicycle or two, plus a few hundreds of dollars of face value pre-1965 US 90% silver content coins? 

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You have choices for the time being...I recommend that you do what you need to in order to preparer NOW in 2012 and not wait any longer or any later to accomplish this serious task.

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And remember this also: If you are warned and do not heed the warning, and don't accomplish the required preparedness before the "bellwether event" occurs in the USA, you and your family simply will not likely survive.   Your own actual responsible preparedness will help determine your own survival...I recommend that you not wait any longer.

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At least food for thought, after all, is it not? 

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Respectfully submitted,

Thomas Avery Blair

Enrolled Agent

P.S.: To my own tax clients...I pray that I am wrong and that the USA will not indeed default in the national debt and destroy what little now is left of the value of the greenback dollar...but I am hearing and seeing my government lying to us about still-rising unemployment, four on-going wars, inflationary and hyper-inflationary spirals, devaluation of our currency by The Fed" printing ever more "greenbacks" out of "thin air" and the coming QE-III that will indeed now happen late this summer or early this coming fall.   Please do pray, prepare and don't just watch and wait.