Thursday , 14 November 2024

This Video – Already Viewed by 876,000 – Clearly Explains Why Economic Collapse of U.S. Is Inevitable (+3K Views)

This short video – on the unsustainability of government spending – should be watched by everyone, including those not yet old enough to vote. It should be shown in every high school and college classroom. Anyone that cannot understand this presentation should not be allowed out without a guardian.

 So says Monty Pelerin (www.economicnoise.com) in edited excerpts from his original post*.

Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!) has edited the article below for length and clarity – see Editor’s Note at the bottom of the page. This paragraph must be included in any article re-posting to avoid copyright infringement.

Pelerin goes on to say, in part:

Most people have no idea of the unsustainability of government spending. The path which the government blindly follows ensures a complete and total collapse of the U.S.. What has happened in Greece (and things will get much worse there) is exactly what will occur in the U.S..  A complete and total economic collapse is inevitable.

The reasons for this ending and its inevitability are explained in this short (5 minute) presentation by Hal Mason in an email that has been circulating [and has already been viewed by 876,000 people worldwide]. The simplicity of his presentation allows understanding for even the economically illiterate. Simple arithmetic is sufficient to understand the impossibility of our current path and our inevitable ending.

Take Note:

  • Go here to receive Your Daily Intelligence Report with links to the latest articles posted on munKNEE.com. It’s FREE!
  • An easy “unsubscribe” feature is provided should you decide to cancel at any time.

It’s the numbers, Stupid and the people who elect the corrupt, self-serving politicians in Washington who continue down this road to destruction.

*http://s.tt/1iukz

Editor’s Note: The above article may have been edited ([ ]), abridged (…), and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.

Related Articles:

1. Richard Duncan: IF Credit Bubble Pops Civilization Won’t Survive the Depression that Follows

recession

Our civilization would not be able to handle such a transition from an expansionary credit based economy where goods and services were readily available into a paradigm of credit contraction, supply shortages and destitution and this is what is coming. There is no way to prevent it – only to defer it until a later date – and that day will soon be upon us. Words: 590

2. George Soros Predicts Economic Chaos/Conflict in Europe and Riots in the U.S.!

r-EUROPE-DOWNGRADES-large570

George Soros…is more concerned with surviving than staying rich…He doesn’t just mean it’s time to protect your assets. He means it’s time to stave off disaster. As he sees it, the world faces one of the most dangerous periods of modern history—a period of “evil.” Europe is confronting a descent into chaos and conflict. In America he predicts riots on the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties. The global economic system could even collapse altogether. [Perhaps] we should be, too, [but as] we have often explained, [such comments ar nothing more than] the fear-based promotions of the power elite to frighten the middle classes into giving up power and wealth to globalist institutions. Let us explain.

3. Facts Show U.S. Gov’t Expecting Civil Unrest Should Economy Collapse

riot police

I think the U.S. government and our central bank has a tremendously transparent view of what is coming down the road in terms of financial distress….I believe the evidence [I present below] shows that they are preparing for this eventual crisis in a command and control fashion, without alerting the public to the coming implosion. The most immediate trigger event is the looming peril of a collapsing economy followed by inevitable civil unrest. I believe they will use the despair that flows forth from the fiscal wreckage as an excuse to institute martial law. Call it “crazy”. Call it “conspiracy theory”. Call it “coincidence”. Call it “fear mongering”. Call it whatever you like but I find it far more insane to shrug off the strange behavior of our power structure, and simply hope that it’s all irrelevant to the future. [Once I have put forth my evidence and explained its implications in this article I think you will agree.]

4. U.S. Gov’t Making Preperations for Expected Major Social Unrest Next Year

us-collapse1

The Federal government is gearing up for unprecedented social unrest (worse than Greece or Spain) when Washington is forced to impose “austerity” plans next year… [which will be deemed absolutely necessary to avoid] runaway inflation [that would otherwise occur] to pay for the country’s costly welfare programs like Social Security, Medicare, Medicaid, Food Stamps and massive unfunded liabilities. [Below are the preparations presently underway.] Words: 500

5. Richard Russell’s Alarming (Alarmist?) Views on the VERY Near Future: Crime, Chaos, Collapse & Skyrocketing Gold

economy2

Get ready…Save some cash, load up with gold and silver, and be patient…Start by buying top-grade dividend-paying stocks and gold on dips or corrections, and hold your gold. This era will see the catastrophic collapse of all fiat money. Gold should skyrocket. Get ready for crime and violence…

6. Jim Rogers: Situation to Worsen in U.S. and Lead to Social Unrest

You think the problems are bad now? You wait until we don’t have any more credit. You wait until the currency is collapsing. You wait until interest rates are going through the roof and inflation is going through the roof. It’s not going to be a pretty picture. There will be social unrest. [See below for the link to the interview.] Words: 477

7. Regardless of Who Wins in November the U.S. Is Going Over the Financial Cliff! It’s Just a Matter of Time – Here’s Why

financial cliff

The outcome of the election of 2012 will [only] determine the rate of speed at which we approach the [financial] cliff [because] neither political alternative is willing to change course, to steer away from the cliff. The cliff is so high that whether we go over it at 200 mph (Obama) or whether we merely slip over the edge (Romney), the end result is the same — fatal for the economy and perhaps our entire political system. It is the fall that will kill us. [This article explains why that is going to be the case.] Words: 1135

8. U.S Likely to Hit the Financial Wall by 2017! Here’s Why

3b4cb322448cb9ca543ce1064c56

The deficits aren’t going to stop anytime soon. The debt mountain will keep growing…Obviously, the debt can’t keep growing faster than the economy forever, but the people in charge do seem determined to find out just how far they can push things….The only way for the politicians to buy time will be through price inflation, to reduce the real burden of the debt, and whether they admit it or not, inflation is what they will be praying for….[and] the Federal Reserve will hear their prayer. When will the economy reach the wall toward which it is headed? Not soon, I believe, but in the meantime there will be plenty of excitement. [Let me explain what I expect to unfold.] Words: 1833

9. This Will NOT End Well – Enjoy It While It Lasts – Here’s Why

Capture(74)

…The US Government and its catastrophic fiscal morass are now viewed by the world as a ‘safe haven’. This would easily qualify for a comedy shtick if it weren’t so serious….[but] the establishment is thrilled with these developments because it helps maintain the status quo of the dollar standard era. However, there are some serious ramifications that few are paying attention to and are getting almost zero coverage from traditional media. [Let me explain what they are.] Words: 1150

10. Events Accelerating Towards an Ultimate Dollar Catastrophe! Here’s Why

economic-collapse

With the U.S. election just months off, political pressures will mount to favor fiscal stimulus measures instead of restraint. Such action can only accelerate higher domestic inflation and intensified dollar debasement culminating in a Great Collapse – a hyperinflationary great depression – by 2014. [Let me explain why that is the inevitable outcome.] Words: 2766

11.  Major Inflation is Inescapable and the Forerunner of an Unavoidable Depression – Here’s Why

dollar down drain

Whether our current economic crisis will end with massive inflation or in a deflationary spiral (ultimately, either one results in a Depression) is more than an academic one. It is the single most important variable for near and intermediate term investing success. It is also important in regard to taking actions which can prepare and protect you and your family. [Here is my assessment of what the future outcome will likely be and why.] Words: 1441

12. An Inflation Inferno is Expected – but When?

inflation

Daniel Thorn­ton, an econ­o­mist at the Federal Reserve Bank of St. Louis, argues that the Fed’s pol­icy of pro­vid­ing liq­uid­ity has “enor­mous poten­tial to increase the money sup­ply,” result­ing in what The Wall Street Journal’s Real Time Eco­nom­ics blog calls “an infla­tion inferno.” [Personally,] I think it’s too soon to make sig­nif­i­cant changes to a port­fo­lio based on infla­tion fears. Here’s why. Words: 550

13. Major Price Inflation Is Coming – It’s Just a Matter of Time! Here’s Why

inflation

The developed economies of the world have opened the money spigots…[and this] massive money and credit creation is sitting in the banking system like dry tinder just waiting for a spark to set it ablaze. How quickly it happens is anyone’s guess, but once it does we are likely to be enveloped in a worldwide inflation unlike anything before ever witnessed. [Let me explain further.] Words: 625

14. 2012: More Money-printing Leading to Accelerating Inflation, Rising Interest Rates & Then U.S. Debt Crisis! Got Gold?

inflation

Evidence shows that the U.S. money supply trend is in the early stages of hyperbolic growth coupled with a similar move in the price of gold. All sign point to a further escalation of money-printing in 2012…followed by unexpected and accelerating price inflation, followed by a rise in nominal interest rates that will bring a sovereign debt crisis for the U. S. dollar with it as the cost of borrowing for the government escalates…[Let me show you the evidence.] Words: 660

15. Current Distortion of Interest Rates is Unsustainable & Will Have Dire Consequences

Interest-Rates

Interest rates have been manipulated to keep them extremely low in an attempt to stimulate the economy but…unless deficits are dramatically reduced…. interest rates will eventually rise and government interest expense will double or triple from the amounts being paid today. That potentially triggers a debt death spiral, where government has to borrow more than otherwise expected. It also raises the credit risk and could ratchet interest rates up again. It has happened to Greece, Portugal, Spain and other European countries already this year and could well happen in the U.S. too. Words: 595

16. Eventual Rise in Interest Rates Will Be Downfall of U.S. – Here’s Why

Interest-Rates

Everyone who purchases a Treasury bond is purchasing a depreciating asset. Moreover, the capital risk of investing in Treasuries is very high. The low interest rate means that the price paid for the bond is very high. A rise in interest rates, which must come sooner or later, will collapse the price of the bonds and inflict capital losses on bond holders, both domestic and foreign. The question is: when is sooner or later? The purpose of this article is to examine that question. Words: 2600

17.  Oh My GAWD! This Infographic on US Debt Is Frightening

10623945-the-word-debt-in-the-american-flag-colors-americans-in-debt

LOOK! Everyone needs to see this. United States owes a lot of money. As of 2012, US debt is larger than the size of the economy. The debt ceiling is currently set at $16.394 Trillion, estimated to be hit around Sep 14, 2012. In the infographic below that enormous amount is illustrated in $100 bills. It’s frightening! Words: 605

18. The U.S. Debt Spiral: When Will it End? More Importantly, HOW Will it End?

shapeimage_25

The U.S. already has more government debt per capita than the PIIGS (Portugal, Italy, Ireland, Greece and Spain) do and it just keeps getting worse and worse thanks to both political parties. We are on the road to national financial oblivion yet most Americans don’t seem to care. They don’t realize that we have enjoyed the greatest prosperity we will ever see…and that when the debt bubble bursts there is going to be an immense amount of pain. That is a very painful truth, but it is better to come to grips with it now than be blindsided by it later. [Let me explain.] Words: 1140

19. Government Can’t Prevent the Next Financial Diaster – Here’s Why

economy2

Even as I write these words, the world’s largest economy — the E.U. — is coming unglued at the seams, the world’s second largest — the U.S. — is careening headlong toward a fiscal cliff that promises to gut its GDP, nearly all of Asia — including Japan, China and India — is slowing…and yet most investors still don’t get the message. [Let me go on to explain just what that message is.] Words: 1357

20. Martin Weiss: You Are Being Forewarned – Again – About an Imminent Financial Megashock!

economy2

[You are being forwarned – again – that Europe and the U.S. are now on a collision course with a second Lehman-type megashock….A snowball of events – bank runs spreading across Europe – are bringing us a few steps closer. What [can we expect] next? Let me explain. Words: 1795