By Michael Snyder, on September 11th, 2017
When will America finally wake up? The borrower is the servant of the lender, and we now have a colossal 20 trillion dollar chain around our collective ankles. We have willingly enslaved ourselves, our children and our grandchildren, and yet our addiction is so insatiable that we continue to add more than 100 million dollars to our debt load every single hour of every single day. The national debt is sitting at a grand total of $20,162,176,797,904.13 at this moment, but now that the debt ceiling has been lifted that number is expected to shoot up very rapidly toward 21 trillion dollars by the end of the year. The national debt had been held down by accounting tricks to keep it under the debt limit for many months, but every time this has happened before we have seen the national debt absolutely explode back to projected levels once the debt ceiling was raised.
But very few of our “leaders” in Washington seem to care that we are in the process of committing national suicide. There is no possible way that we will be able to continue to be the most powerful economy on the planet if we continue down this road. During Obama’s eight years in the White House, we added more than 9 trillion dollars to the national debt. That certainly improved things in the short-term, because if we could go back and take 9 trillion dollars out of the economy over the past 8 years we would be in an absolutely nightmarish economic depression right now.
But even with all of this borrowing and spending, our economy has still only grown at an average rate of just 1.33 percent a year over the last 10 years.
Continue reading here...
http://theeconomiccollapseblog.com/
The clock is ticking, and disaster awaits at the end of this road.
Thank you!
Well, I want to move our family out of the country, keep the house maybe but there are plenty of places, pockets, in the world that will be better insulated when SHTF. I am proud to live in Michael Snyder's congressional district and fully intent to vote for him. However, I hope it is not the last election I participate in whilst an American. Most folks have lost their focus, their center. At the expense of MY CHILDREN and their future - I am LIVID! The masses have NO clue and when the hammer finally falls it will be an extinction-level event for those who failed to prepare. Sad, but true. The hurricanes are minuscule by contrast.....thank you for the article!
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Thanks again CDwyatt! It's great that you are in Montana. There are so many good people that know the times we are living there. Good luck with your escape plans.
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In the Great Depression millions of people died.
That happened when the population of America was a fraction of it was today, and back then 90% of people lived in rural areas. Now the opposite is true, and 90% live in urban areas. During the last depression, most people had home gardens, knew how to hunt, and they could feed themselves. That's no longer true.
It will be a mass culling or ELE as you wrote without a doubt. Most people are sleep walking to their deaths. I've already been following you, but are you on steemit.chat? I'd love to chat about this subject sometime if you're willing. You will mostly find me on there in the #libertyprofessionals channel!
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I'd gladly chat about this any time! Our time is mountain (MDT) and I'm scarce on hours with the kiddos, but can certainly try!
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I have one young adult and three little ones. You?
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Your title is spot on. Stop PlAYiNG the hero and BE one!
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We've two little ones :). I homeschool and work on a crypto project and lead a MOPS Ministry group. Life is good. Just doing our part :)
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You can have the land, materials, workers, food to feed them, etc... But, today you need pretty green pieces of paper to motivate them.
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Stunding post.Upvoted
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Thank you @sweetflower
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Yeah I'm upset and concerned about it but...to be perfectly honest, in 10-15 years I'm planning to renounce my citizenship (maybe sooner) and move somewhere else. Not sure just where yet. This country is a sinking ship of willful ignorance to what the knuckleheads in DC are doing.
Unfortunately there's no good solution. We spent ourselves into oblivion to avoid further repercussions from the 2008 financial crisis which was merely a band-aid that masked economic problems that persist to this day. Gotta pay the piper at some point. And the longer we put it off the worse the reset / collapse or whatever you want to call it is going to be. I just hope I'm somewhere else when our overlords do lose control of the economy / financial system that they've manipulated for so long.
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Well said as always John S. 10 to 15 years is a long time in todays world. I really don't think we have that long but I hope for your sake we do. Your replies are always so great and you are clearly doing all you can to plan and prepare. I have my documents and permanent residency in Argentina so when the time comes I can just go.
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Argentina huh? I might have to look into that. I'll put it on one of those to-do lists that I love so much...always a pleasure conversing with you my friend.
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Sorry I am so late getting back to this.
I lived in Argentina from 1995 till the end of 2013. I believe that South America is the best plan not just Argentina but most of South America. Best of luck my friend.
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There's no clear alternative however. I've been researching the topic too. If you are on steemit.chat, I have a #panama_costa_rica channel in there as a couple examples to consider. They are certainly not perfect.
Things are going to get really ugly in North America, but I believe liberty lovers will stake a future claim and defend it. The original spirit of individualism has not been completely lost here.
A life long question with no clear answer: As a minority of people who refuse to be ruled, how do we find a way to coexist with the majority of people who demand a ruler?
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You pose a very valid question as most people are too busy with their own lives to notice how corrupt the government, the media, and our financial system have become. I don't even discuss things like this with most of the people I interact with in person because they'd think I'm nuts or call me a crackpot or conspiracy theorist. I'd rather be a prepared crackpot who survives what's coming down the pike sooner or later than one of the people who blindly trust in our major institutions.
I can grudgingly coexist with those who want their lives controlled and happily trade their freedom for a false sense of security. I just don't care to interact with them much lol.
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Yep, I mostly just want to be left alone by tyrants. It really shouldn't be so difficult, right?
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
http://thedailycoin.org/2017/09/12/debt-nightmare-anyone-actually-care-exploding-national-debt-destroying-future/
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