Perhaps, at an earlier time in our country’s history, it might have made sense for Secretary of State John Kerry to formulate a $1 billion loan guarantee for Ukraine. Besides working with the International Monetary Fund and international organizations to arrange the loan, the Obama administration is also considering additional direct assistance to Ukraine.

But the United States itself could soon end up becoming a bigger version of Spain or Greece, two countries that are in the depths of financial crisis. We are no longer a rich country, but a nation on the edge of financial ruin. With a $16 trillion dollar debt, we have to borrow money from China and other nations to stay afloat.

US credit will certainly experience a downgrade if the public debt balloons to $21 trillion, and it looks as if Kerry is speeding us on our way with his wishes to conserve the Ukraine. What if the United States placed its money to put people back to work? In the United States, the rising unemployment rate is probably twice the official rate of 8.2 percent.

As far back as 2006, top economists like Wiedemer were talking about the looming collapse of the U.S. housing market, a decline in the equity markets, and a fall in consumer spending because of rising private debt. Today, much of what was predicted back then is showing up through some alarming trends-high unemployment, a plunging stock market, and a spiking annual inflation rate.

Federal Reserve Chairman Ben Bernanke, as well as former chief Alan Greenspan, who were entrusted with troubleshooting economic peril, have done a good job in creating just the reverse. And while the dilemma they engineered by reckless printing cash proceeds unmitigated, Kerry has toured the Ukraine, guaranteed assistance, and notified Putin to de-escalate his armed force.

Now, if that’s not insane enough, here’s another twist to the story. While the Obama administration is going to work with Congress to provide a $1 billion loan guarantee to help insulate that country from reduced energy subsidies, Russia will probably counter that effort by raising gas prices. Since Russians are the majority holders of Ukrainian debt, the money from the U.S. will end up in Russian banks.

It’s like the Titanic’s captain and crew playing poker while the ship is heading straight for an iceberg. We have been talking about the wisdom of investing in your future for some time now by getting God’s money-precious metals like Gold and Silver-because it will not be long now before the paper in your billfold will be worthless.

Learn more about precious metal investing. Stop by Anne Trimble’s site where you can find out all about gold and silver and what it can do for you.