Most folks have probably heard about the “big bang”, that offers one theory about how the universe was created. While I do not subscribe to this particular concept myself, there is however, a big bang toward which I do believe this country is heading. I’m referring to an economic big bang which will destroy the current U.S. financial system.
Let’s take a quick look at what is going on. The current U.S. National Debt is at 16.6 TRILLION dollars; sometime in the first quarter of 2013 the debt ceiling will be raised even higher. The U.S. Federal deficit is approaching $1.1 TRILLION and rising. The Treasury continues to print money at a record pace to monetize the debt and keep interest rates artificially low. The United States of America has lost its AAA credit rating and is bordering on bankruptcy.
All these actions are not just inflationary but hyperinflationary. Hyperinflation is uncontrolled, runaway inflation which ultimately leads to currency devaluation. It is a situation in which money loses its value with unbelievable speed, while the price of goods and services continues to soar. Consequently, businesses, equities, savings, insurance, and pensions all become absolutely worthless!
Ironically, no one seems concerned. Why? The biased, liberal media doesn’t talk about it. The incompetent, dysfunctional congress won’t take action and make the hard decisions, and the average “Joe” on the street could care less. You can ignore this financial crisis all you want, but I can assure you, it is not going to go away and the dire consequences of continued inaction are intensifying daily. The result of years of interest rate manipulation and deficit spending is beginning to take its toll as inflation is starting to adversely affect the average American family. The cost of food and housing is rising as well as clothing. Taxes are increasing. The expense of health care is growing while the quality of health care is waning. These trends will continue to escalate as Obamacare is phased in.
The United States did not get into this financial mess overnight. It has happened very slowly, but consistently, over time which makes it difficult for anyone to really notice (although the current administration has significantly expedited the process). It’s like watching the grass grow. You can’t actually SEE the grass grow; you can only see the results of grass growing.
The only logical conclusion is that this degenerative process of our economic system is not an accident. It is part of a much greater plan that is probably global in scope. America started out as a capitalistic society based on Judeo-Christian principles, but over time it has morphed into a God-less, socialistic, welfare nation. Look at how this country has changed over the past 40 years, especially demographically. A typical “American” of 40 years ago is now a minority!
So the stage has been set, and the final action needed to complete the full transition to socialism, is to collapse the existing financial system. My friends, as horrifying as it sounds, we are on target to do just that. The current administration is making it appear that this is what the majority of Americans want. Continued inaction and silence will assure the success of this plan. The sad part is that this whole disaster could be avoided, although it would be very painful; but not nearly as devastating as the results of letting it happen are going to be. What is needed? Balance the budget; start systematically reducing the national debt; restrict and reduce government spending; and control the money supply; much easier said than done.
Make no mistake about it; uncontrolled deficit spending continued at the current rate will result in severe inflation, devaluation of the U.S. Dollar, and ultimately the demise of the United States financial system as we know it today.
There are those who would say that this prediction is just “hog-wash”. Why, this could never really happen in America… (pause)………could it?