- The White House will be waging a war on fossil fuels; coal as a source of energy in this country will become used less and less as regulations mount; oil and natural gas will see price increases as new drilling is shut down in this country and moved overseas. All this means a dramatic increase during the next four years in energy and transportation costs. Buying a more economical auto and installing a new air conditioner now will help us lower these costs.
- Higher taxes and a weakening economy will mean that investments need to change. The stock market will not do well and investments in foreign countries is unlikely to do well either as the EU, China, and Japan will also show lower growth. It is time to reposition investments, buy some gold and prepare for the increase in capital gains taxes. Taxes will begin to rise under Obamacare and will continue if the fiscal cliff is not cleverly negotiated. Obama also will attempt to initiate a 'cap and trade plan' and many other types of taxes. All this is not good for business or the pocketbook, cut expenses now to make it through. It also means the cost of any imported goods will increase, so now would be the time to buy that new Honda or Toyota.
- As the US debt mounts, with increased taxes and a weakened economy, the country's tax revenues will be decreasing while massive expenditures ensue. This will mean that the Fed will have strong incentive to keep printing money and monetize the debt. The dollar will weaken in relation to other currencies and we will have massive inflation. If possible move some investments move overseas and buy more gold.
- Government intrusion will continue to invade our private lives. The goverment spurred on by the UN will have strong incentive to invade the internet and spy on ordinary citizens. The White House will of course use this in some political manner. Start paying cash for purchases that may show you have bad habits (smokers, for example will face larger health insurance premiums and the government will use this as an excuse to peruse ATM purchases). Also use techniques to keep spies out of your internet and computer.
- If Obama manages to get rid of the deductions for charitable contributions, good organizations of all kinds will be impacted; the Red Cross, Salvation Army, and Habitat for Humanity will all see donations dry up. Less help will be coming to individuals in need who will have to rely more on the goverment for their subsistence. More people will become dependent on the government and less on private charity, the country will start getting used to living with less.
- This will also seriously impact, along with a serious loss of religious freedom. The persecution of Christians will continue and intensify. Religious broadcasters will no long be able to stay on the air and churches will be forced to close.
- The administrations bumbling foreign policy will mean that terrorists will have a greater impetus to attack us internally and energize rogue regimes. It could mean that a newly empowered nuclear regime like North Korea or Iran will feel the need to throw a nuclear bomb our way or a terrorist organization could launch a major offensive. Obama has already shown weakness and will probably not respond. Preppers may seem like oddballs but everyone should be prepare for a significant disaster.
- As Obamacare advances, and it will despite the best efforts of conservatives and libertarians, since no social program ever gets cut, it only grows. Medical care will prove harder to receive. This is expecially significant with the rising tide of baby boomers who will require more care as we age. If you need a minor or elective surgery and have been holding off, better do it now.
Sunday, December 16, 2012
Surviving Obama, First in a Series
The day after the election, while many conservatives were bemoaning the results, I was thinking of how best to prepare my family for the coming tide. This is what I came up with. Obama and his statist administration are sure to reak havoc on this county, and John Boehner and Mitch McConnell are ill prepared to deal with it.
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