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A Nation Gone Bust - What Can Be The Future And How Must That Affect You?


It seems like a peculiar irony. It's the most powerful country the globe has ever witnessed - militarily, at least. Yet its weakness economically is showing up in all kinds of places. Stubbornly high unemployment. Zombie financial institutions. A wobbly stock market. Terrible foreclosure stats. And debt - both private and public - out the wazoo, in numbers we cannot even apprehend. Can the two exist together? A powerhouse military coupled with a deteriorating financial system? Not likely. In fact the question might be posed, why hasn't the whole thing collapsed already?

Certainly, the U. S. government is bankrupt. There is no way it might meet its guarantees to future generations of Americans regarding medical care and old-age retirement benefits, let alone maintain its armed forces presence around the world. And I've not yet mentioned the expense of servicing the nation's debt - never mind paying any of it back which is not even on the radar screen. When I said the government can't do it, I meant that. Not even with raising taxes.

It really is bankrupt and it maintains itself by its ability (so far) to borrow from foreign governments as well as to create money out of nothing to make payments on its obligations. When the first has gone, the next will go, as people say, "to the moon." The consequences of essentially limitless money printing by the Federal Reserve to meet the funding needs of the central government is going to be disastrous. Prepare for it like your future depends on it, because it really does.

If you are planning your retirement centered on the assumption that you'll get the same government benefits in your senior years that your parents did, you are in for one horrible disappointment. For you, and millions just like you, retirement will be repealed.

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