|This commentary promises to be interesting, exciting, but most of all
|Exodus of the dollar from America
We as American working people have not given any thought to the fact that
as of 2013 at least 72 of our American congressmen and women and other
government officials have taken over $6,605,000 of their earning out of the
American Banking System.
Why are these prominent U.S. Congressmen (and women) pulling their money
out of financial institutions such as Citibank, Bank of America, and JP Morgan
Chase? The answer reveals consequences for retirees and anyone with
money invested in the United States.
In the next six months Bank of America and Citicorp will close their doors in
America. Eight months to twelve months after those closures, Wells Fargo
Bank will be closing its doors in America. When I say that the banks will be
closing their doors, this is not to be misinterpreted as the banks are running
out of money. These banks and other very large financial institutions are
moving to China. Manufacturing and construction in America has moved to
China, Mexico and Japan.
There are 1.3 billion consumers in China and another 1.2 billion consumers in
India. There are almost 1 billion consumers in the areas south of China and
east of India, such as the Korea's, Vietnam, Malaysia, The Philippines and
Australia. There are 3.5 billion to 4 billion consumers in that part of the
world. That is more people than in all the rest of the world combined.
There are 380 million people in the United States. The average American
worker charges $30 per hour to work, while the average Chinese and
Southeast Asian worker charges from $2.50 per hour to $4.00 per hour to
work. The American business man knows that most production in their
company is already being done by the foreign worker and that he, the
businessman, must pay transportation's cost and taxes to have the finished
product shipped back to America for American consumption.
The American large corporations and wealthy business people are moving
their companies to China. The profits are one thousand to one million fold
when considering that there are 12 to 15 times more people who will be
making purchases, and the cost of production will decrease by 10 to 15 times
what it would cost for product production in America.
Matt Cartwright, Representative for Pennsylvania’s 17th district, appeared on
CNN recently. He said he was “optimistic” about America’s financial future…
and went on to say, “now is not the time to get scared.”
Yet, records show he has discreetly moved as much as to $50,000 of his own
money off the American and Western European financial grid.
New research from the Palm Beach Research Group reveals that it’s not just
Sen. Cartwright. So far, researchers have identified a total of 72 congressmen
(and women) who are moving money into a retirement safe haven few
outsiders know of.
Over 2,300 of the most wealthiest of Americans are reportedly moving
substantial amounts of money out of the American Banking System and we the
people are not being advised of this secret movement of large amounts of
We sent our representatives to Congress to represent us and this
representation surely must include advising us of a need to reinvest our
savings if there is any foreseen problems with our current banking system.
After all it is our savings that we will use for our retirement when the time
comes that we are too old to work.
Fortune 500 companies in America, such as Wal-Mart, Comcast, Disney,
Johnson & Johnson, Verizon, and Harley Davidson are frantically removing
their money from the US Banking system. Even the country’s biggest banks
are moving huge amounts of their own cash, rather than keeping it in their
own accounts, and we need to know why and where is it being invested.
The Palm Beach Research Group claims this financial exodus is part of an
even larger ($12.8 trillion) transfer of wealth taking place in America right now.
If you are retired, or hope to retire in the near future… you need to know the
inside story on what is happening in America today.