A Country Gone Bust - Precisely What Can Be Its Future And How Must That Affect You?

It seems like a peculiar irony. It's the most powerful country the globe has ever seen - militarily, at least. Yet its weakness financially is showing up in all kinds of places. Stubbornly high unemployment. Zombie financial institutions. A wobbly stock market. Terrible foreclosure stats. And debt - both public and private - out the wazoo, in figures we cannot even apprehend. Can the two exist together? A powerhouse military coupled with a deteriorating financial system? Probably not. Actually the question might be posed, why hasn't the whole thing collapsed already?

Certainly, the U. S. government is bankrupt. There is no way it might carry out its promises to future generations of Americans pertaining to medical care and old-age retirement benefits, let alone maintain its armed forces presence around the world. And I've not yet mentioned the expense of servicing the national debt - let alone paying any of it back which is not even on the radar screen. When I said the government can't do it, I meant that. Not even with raising taxes.

It truly is bankrupt and it maintains itself through its power (so far) to borrow from foreign governments as well as to create money out of nothing to make payments on its obligations. When the first has gone, the next will go, as they say, "to the moon." The consequences associated with essentially limitless money printing by the Federal Reserve to meet the funding needs of the central government is going to be disastrous. Plan for it as if your future depends on it, because it really does.

If you are planning your retirement centered on the assumption that you'll get the same government benefits in your old age that your mother and father did, you are in for one horrible disappointment. For you, and millions just like you, retirement will be repealed.

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