Best Food Processor

A Country Gone Bankrupt - Just What Might Be The Future And How Will That Affect You?


 

It seems like a strange paradox. It's the most powerful country the globe has ever witnessed - militarily, at least. Yet its weakness economically is showing up in all sorts of spots. Stubbornly high unemployment. Zombie banks. A shaky stock market. Terrible foreclosure stats. And debt - both private and public - out the wazoo, in numbers we cannot even grasp. Can both exist together? A powerful military along with a deteriorating financial system? Not likely. In fact the question might be asked, why hasn't the entire thing collapsed already?

Yes, the U. S. government is bankrupt. There can be no way it might meet its guarantees to future generations of Americans regarding medical care and old-age pensions, not to mention maintain its military presence all over the world. And I've not yet mentioned the expense of servicing the nation's debt - never mind paying any of it back which isn't even on the radar screen. When I claimed the government cannot do it, I meant that. Not even by raising taxes.

It really is bankrupt and it maintains itself by its ability (so far) to borrow from foreign governments and to create dollars out of nothing in order to make payments on its obligations. Once the first has gone, the next will go, as people say, "to the moon." The consequences of essentially unlimited money creation by the Federal Reserve to meet the financing requirements of the central government is going to be disastrous. Prepare for it like your future depends on it, because it does.

If you're planning your retirement based on the supposition that you'll get the same government benefits in your senior years that your parents did, you are in for a ugly disappointment. For you, and millions like you, retirement is going to be repealed.

A Country Gone Bankrupt - Just What Might Be The Future And How Will That Affect You?
If you're planning your retirement based on the supposition that you will receive the same government benefits that your parents did, you are in for a horrible disappointment. For you, as well as millions just like you, retirement is going to be repealed.

Tips For Family Budgeting That Will Still Let You Live A Normal Life
Sometimes budgeting seems like just an exercise in cutting out all the things you really want to do. But done right it doesn't have to be that way.

Why You Have To Have An Internet Checking Account Right Now
The internet has grown far beyond many of our expectations. Although it offers many good things there are other areas which seem to have got quite confusing. The internet checking account is a good example of something we should be using but most of us don't understand why.

A Few Information For Women And Couples Trying To Find Financial Assistance For Tubal Reversal Surgery
Are you Seeking financial assistance for tubal reversal surgery? Here are a few ways you can look into to find such funding. However, there are some pitfalls that you should be aware of as well which this article will give you some indication of and will tell you...

Several Reasons Why Individuals Need An Online Bank Account Immediately
The online bank account has progressed along way. There was a time when the interfaces were cumbersome and the benefits were minimal; fortunately this has all changed. The interface for online banking is about as user friendly as anyone could expect or want.

Do Fuel Rewards Programs Really Save You Money?
If you live in an area where grocery stores offer discounts on fill-ups at their gas station based off your purchases at the store, you probably feel like you're inundated with advertising about it.

Writing A Personal Check - Learn About How It Can Get Declined Even If You Have Money In The Account
There was a time when writing a personal check was a simple and straight forward thing. Somehow it has got complicated. Andas long as we live in our world of technology it is unlikely to happen.

Locating Online Promo Codes To Help Save Money
Saving money on internet shopping is often unlike saving money in the real world. While coupon clipping and mentioning ads saves shoppers' budgets when they go to the store, the internet uses a variety of secret code

Holiday Shopping Or Multiprecio: Why Exactly It Makes Sense To Employ Plastic Cards For Holiday Shopping
Sure it sounds good to say that you are going to lock your credit cards up and pay for everything with cash. In fact, not only is it commendable, but it is the surest sign that you are becoming a more responsible consumer.

Related Articles: