axelrod608

Financial Warning to the U.S. Government

The IOUSA IS bankrupt NOW. It's not some off-in-the-future thing. Combining all the past debt plus present foolishness (bailouts) plus unfunded future mandates the IOUSA is roughly $80 Trillion short.

The ONLY way our "leaders" - and I use that term loosely - could possibly right the ship of state is by devaluing the dollar by a factor of ten. Dollar = dime strategy.

It makes not a whit of difference who wins the Pres election. God herself couldn't fix this mess without an 80 day/ 80 night flood + hurricane with tornadoes.

And people are still listening to Greenspin. He gets $250,000 per speaking appearance. We deserve the government we have - we put 'em there. We deserve the "regulators" we have. And after two decades of pretending to be the richest people in the history of the planet, all funded by credit and debt, we deserve the consequences.

Our children and their children don't. They will most likely have a VERY low opinion of us and the "leaders" we elected over the past few decades. It's time to stop the fairy tale.

An "economy" with a "foundation" of debt that makes little and relies on consumption and financial paper-pushing is unsustainable. I was taught that a metaphor for futility was "shoveling sand into the tide". So is shoveling dollars into insolvent financial institutions.

Our government is busy shoveling dollars and BS in similar quantities.