A Tsunami of debt is growing and will drown the United States by 2020. Unfunded entitlement promises will be ruinous to keep and if cut will likely bring civil unrest. Sovereign insolvency is likely to spread across the Globe as higher interest rates are demanded for government borrowing. America faces a terminal decline as an economic Superpower as stagnation and high unemployment sap its strength.
The End of America as we know it to be is imminent. That is a bold statement and I do not make it lightly, but it is the truth. My reasons are varied and many and there is ample evidence that have led me to make that statement. I’ll try to keep this blog post short, but include as much fact as I can to back that statement.
What the Government Has Up It’s Sleeve
Ben Bernake says he has the magic pill to restore the dollar and it’s been used a few times before in history. Notably the Romans and our own President used it in 1935 and it’s simply devaluing the dollar and inflating precious metal prices, then backing the currency with that inflated metal. Read more....