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It’s GAME OVER For the US
If the US
were a company, it’d already be in Chapter 11.
FoxNews
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?
Now, about
those payments…
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.
Here’s
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.
Put another
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
printing.
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.
There is
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
paper-related.
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.
If you’ve
yet to take steps to prepare your portfolio for the coming inflationary
disaster, our FREE Special Report, The
Inflationary Disaster explains not only why inflation is here now, why the
Fed is powerless to stop it, and three investments that absolutely EXPLODE as a
result of this.
All in all
its 14 pages contain a literal treasure trove of information on how to take
steps to prepare AND profit from what’s to come. And it’s all 100% FREE.
To pick up
your copy today, go to http://www.gainspainscapital.com
and click on FREE REPORTS.
Good
Investing!
Graham
Summers
- advertisements -
watch out below !
Fo shizzle, Obama got da pimp hand.
"The pump don't work cause the Vandal's took the handles..."
"cause the Vandal's"
Don't blame the Germans.
In the shuffling madness
Of the locomotive breath
Runs the all time loser
Headlong to his death
Oh, he feels the piston scraping
Steam breaking on his brow
Old Charlie stole the handle
And the train, it won't stop going
No way to slow down
man I love Tull
If the US were an individual, it would have a FICO closer to 400, not 800.
If the US were an individual, they would have blown their fucking brains out by now.
What would suzie orman say? LOL, LMAO!
Suze Orman would prattle on and on about whether or not it is a good time to buy a house and some rather soft, at least obese and out-of-shape 50-60 something white soylent green precursors (men in chinos, women in Lands End dresses) staring blankly into space would nod approval. Signifying nothing.
if the US were an individual, it's brother would be signing a petition for involuntary commitment at mental health court.