Flights are grounded, ships are docked, public transport is paralysed and schools remain resolutely shut – normal life in Greece has ground to halt as public and private sector workers go on a second national strike in two weeks.

The collapse of currencies and nations won’t happen overnight, because their demise has been planned, and a subtle collapse is in process. Our guess is that next year is when the collapse will finally take place followed by one of the greatest deflationary depressions of all time. During the last 2-1/2 years all the toxic investments have been and will continue to be transferred from the Illuminist banks, brokerage houses, insurance companies and transnational conglomerates to the public. The Federal Reserve is the repository for this junk, which includes Treasuries and Agencies. That means the public foots the bill. Every government and bank in the world will be affected.

The U.S. government ran its largest ever monthly budget deficit in February as the country’s fiscal year-to-date deficit ballooned more than 10% to a record of $651.60 billion. February marks the 17th consecutive month in which the U.S. has posted a budget deficit.

It is estimated that 98% of Americans have never held a gold coin in their hands. Yet 100% of Americans regularly handle Federal Reserve Notes. From a contrarian standpoint, the financial message from those two statistics is clear. Even so, gold is much more than money or an investment medium; it stands for liberty and throughout history has facilitated escape and ensured freedom.

In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.

A 7 minute video that points out just how fragile our economy is when it’s based on a fiat dollar that can not be converted to any physical commodity or tangible good. We are crashing.

Stop trying to chase your lost equity. That money is gone. Millions of Americans are now deeply underwater on their mortgage. If you’re among them, you need to stop living in a dream world and give serious thought to walking away from the debt. The lenders would do the same to you—in a heartbeat.

Please note that these recommendations vary depending on your concerns and the market.

Jamie Dimon, chairman of JP Morgan Chase, has warned American investors should be more worried about the risk of default of the state of California than of Greece’s current debt woes.

The US is heading for a debt-driven “financial meltdown” within five to seven years, according to Judd Gregg, the outgoing Republican senator for New Hampshire.