Our way of life in America is going to change and I promise you that. Our U.S. Dollar is going to collapse. Go ahead and challenge my facts if you'd like!
In short, I believe that we are going to experience a huge collapse in our national monetary system and our normal way of life.
Basically, for many years now our government has been borrowing so much money, very often using short term loans that very soon we will no longer be able to afford interest on these loans.
You may not think things are that bad in the U.S. Economy, but consider this simple fact, Even if all americans were taxed 100% of their incomes it wouldn't be enough to balance the federal budget. We would still have to borrow money to maintain status quo.
For example, when Fannie May and Freddie Mac collapsed in the summer of 2008, the U.S. government responded by guaranteeing all of their outstanding debt. Since then these companies have recorded hundreds of billions of losses all of which were passed along to our government. The costs associated with these programs are piling up at the U.S. Treasury and they're enormously expensive! We just keep sinking further and further into debt to the point where we can no longer afford even interest payments on our obligations. The Dollar forms the basis of the world's financial system. It is what banks around the world hold to reserve against their loans. The U.S. government can't go broke in any ordinary sense of the word because it can simply print dollars to pay for its bad debts. That's what it's been doing since March 2009!
In short, I believe that we are going to experience a huge collapse in our national monetary system and our normal way of life.
Basically, for many years now our government has been borrowing so much money, very often using short term loans that very soon we will no longer be able to afford interest on these loans.
You may not think things are that bad in the U.S. Economy, but consider this simple fact, Even if all americans were taxed 100% of their incomes it wouldn't be enough to balance the federal budget. We would still have to borrow money to maintain status quo.
For example, when Fannie May and Freddie Mac collapsed in the summer of 2008, the U.S. government responded by guaranteeing all of their outstanding debt. Since then these companies have recorded hundreds of billions of losses all of which were passed along to our government. The costs associated with these programs are piling up at the U.S. Treasury and they're enormously expensive! We just keep sinking further and further into debt to the point where we can no longer afford even interest payments on our obligations. The Dollar forms the basis of the world's financial system. It is what banks around the world hold to reserve against their loans. The U.S. government can't go broke in any ordinary sense of the word because it can simply print dollars to pay for its bad debts. That's what it's been doing since March 2009!