Thursday , 28 March 2024

Debt & Deficits

America: The Party is Over! Here's Why

We Americans have enjoyed an incredibly wonderful standard of living over the past three decades with most of us believing that it was because we are the world's wealthiest, most prosperous nation with economic and financial systems that are second to none - but that is not even close to accurate. [The truth of the matter is that] we are [actually] in the biggest debt bubble the world has ever seen! It has been the greatest party in the history of the world, but it is time to turn out the lights because the party is over. [Let me explain.] Words: 1518

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America’s Political Process Guarantees Another Financial Crisis!

A perfect storm of converging criteria is almost perfectly timed and aligned with the 2012 election cycle. When the moment arrives, the financial earthquake will rapidly demolish the existing highly precarious financial system. Government will stand by helpless, unable to shield itself, much less its vulnerable citizens or private financial institutions from the tsunami of debt and currency destruction. Let me explain. Words: 2055

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A Financial Crisis in 2012 is Inevitable! Here’s Why

2012 is shaping up to be the blockbuster main event of the ongoing financial crisis. Massive amounts of new debt, vast quantities of additional digital dollars and the spark of higher interest rates will set off version 2.0 of the credit-driven financial implosion. Let me explain. Words: 1954

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Weiss: A Financial Apocalypse Awaits America!

I have great confidence in mankind’s ability to ultimately overcome even the most extreme of crisis but at this juncture, however, America has yet to begin that arduous process. We live an unrealistic lifestyle on borrowed money and borrowed time. [As such, we are on the brink of] a looming crisis with the power to crush the U.S. economy. Unless Washington makes a 180-degree turn, we face a catastrophe that could end our way of life as we know it. Words: 870

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Is the Bankruptcy of the US and the UK Unavoidable?

German philosopher Arthur Schopenhauer once said that “all truth goes through three stages. First it is ridiculed, then it encounters strong opposition and finally it is considered to have always been obvious”. [We are now entering stage three where the eventual bankruptcy of nations is becoming obvious to all. Let's review the situation.] Words: 1091

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Are America’s Wealthy Unpatriotic? (+2K Views)

Over the last half century, the richest Americans have shifted the burden of the federal individual income tax off themselves and onto everybody else - dramatically! At a time of national economic crisis, especially, they can and should contribute far more in taxes. [Let me show you the extent of this massive redistribution of wealth so you decide for yourself if this is, indeed, the case.] Words: 1140

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Americans Have Thrown in the Towel as They Await "The Big Splatter"

The U.S. Federal government deficit for fiscal year 2011 has just been revised upwards by a further $378 billion to a whopping $1.645 trillion. As of January 2011, the total outstanding debt of the U.S. Federal government is $14.131 trillion. These numbers are huge, Huge, HUGE but Americans believe there is really no need to worry that much about such astrnomical numbers because they all know that it’s going to get much, much worse. They all know that there’s no sense worrying about this little milestone on the road to hell. Words: 1016

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The Day of Gold-Plated Public Sector Pensions are Numbered (+2K Views)

The ‘workforce elite’ in America today are public sector employees and they, led by state and municipal unionized workers, are now in open revolt to preserve their special status, and the status quo. Wisconsin is the current case study in what happens when the government, a monopoly service provider, confronts the fact that the taxpayer is tapped out and can’t take it anymore – and there simply isn’t enough money anymore. Those realities are going to result in major adjustments in worker incomes, future pensions and benefits and their overall standard of living. Let me explain. Words: 2137

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Washington Faces Possible Armageddon Unlike Any Since Civil War

The U.S. debt crisis represents a unique, unparalleled, and unimaginable convergence of circumstances yet, despite the utter gravity of our plight, nothing is being done to change our course. Washington must either muster the courage — and the support of the people — to accept the pain and make the sacrifices of a lifetime ... or face the downfall of America. Words: 898

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Why Slashing Government Spending Now Would Result In A Depression

As the United States debates its economic future in light of large government budget deficits, it is important that the public [understands that] before we can reach the point where the government can spend less, the country must go through a period where the government spends much more wisely. To simply slash government spending now would result in a depression in the United States and around the world. [Let me explain.] Words: 1251

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