Their is a gigantic Ponzi scheme going on in America and it is being run by the Fedral reserve. America is in debt up to the top of the highest mountain. With no way out and no way to possibly pay off the debt the federal reserve is about to start printing even more of the declining dollar, to plug the holes in a sinking ship.
Most Americans have no idea how bad things are as far as the coming collapse of America. I have been on my soapbox for weeks printing article after article about the coming economic collapse. I see all the signs, I have all the data and yet I do not have the audience to warn enough Americans to prepare them for the coming economic collapse.
Congress has to raise the debt ceiling just to keep the government running for another year. What that means is they have to pass a bill to be able to borrow even more money to run a sinking ship. It is like trying to bail the water out of a aircraft carrier with a dixie cup. We are going under this year at the earliest and if we are lucky we will make it to 2012 with out the total economic collapse. You can only put so many band aids on a gunshot wound.
You will hear a little about the economic problems on the cable news channels but most are not allowed to even talk about the subject. First of all, when you combine entitlement programs such as Social Security and Medicare with interest on the national debt, it comes to approximately 64 percent of all federal government spending.
We are rapidly approaching a time when spending on entitlement programs and interest on the national debt will be significantly greater than all of the revenue that the federal government brings in each year. All federal revenues will be spoken for even before a single penny is spent on defense, education, running the government or anything else. So if you think things are going to get better in America then you better think again. You can buy a house now for half the price you would of paid for it 2 years ago. And in one more year all the equity in 75% of all house in America will be gone. Your house will be worth nothing, your money will be worth nothing and you will be eating anything you can to survive. Be prepared for the worst because that is all you can do to best help your family survive.
appetite for debt. Right now Ben Bernanke and his cohorts are trying to break the news to us gently, but anyone with half a brain can see what is happening. The only way for the game to keep going is for the Federal Reserve to print lots more money, and that is going to be incredibly bad for the U.S. economy in the long run.
