If the US
were a company, it’d already be in Chapter 11.
published a WHOPPER of a story yesterday, though it somehow has not caught the
attention of most people. If you have issues with Fox them at the door for a
moment and simply focus on the numbers.
For the first time since the Great
Depression, the US is now officially paying out more in benefits than it takes
in via tax receipts.
If the US
were a company, it’d be spending more in salaries than it makes in sales. Aside
from being unprofitable, it’s also got a MASSIVE debt load. And it’s current
policy of paying out more than it makes only increases this debt load… which
begs the question… who’s going to pay the interest payments on the debt?
More than half of all Americans (59%)
receive a Government payout in one form or another. This is not a sliver of the population… it is endemic
to the system. So those who complain endlessly about Government spending
need to consider they as well as half of everyone they know, likely gets some
kind of assistance in the form of social security, Medicare, food stamps or
what have you.
another zinger: Government payouts
account for 79% of household growth since 2007. In other words, the only
thing that has kept the US consumer afloat in the last four years is payouts
from Uncle Sam.
way, the private sector has contributed roughly one out of every five dollars
in household growth since the Great Depression 2.0 started in 2007.
To say that
these policies are unsustainable is the understatement of the year. The only
reason the US hasn’t seen a complete debt implosion followed by hyperinflation
is because the Federal Reserve is propping up the debt market with money
Yes, we are supporting our debt load by
creating more money out of thin air. It is absolute insanity and a clear signal
that we’re rapidly approaching GAME OVER for the US’s monetary system.
only one way out of this mess and that is default. The US cannot EVER pay back
its debts. A US default is going to happen GUARANTEED (hyperinflation induced
by endless money printing is just another form of default). When this happens,
the US Dollar will collapse, lose reserve currency status, and inflation will
rip through the system destroying the purchasing power of anything
So if you’re
not preparing for mega-inflation already, you need to start doing so NOW. The
Fed WILL continue to pump money into the system 24/7 and it’s going to result
in the death of the US Dollar.
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