The Bigger You are The Harder you Fall
I was watching Fox News last night and was astounded to hear the talking points d’jour as if they came right off the pages I have been writing for a year. Even the Boston Tea Party. I guess it’s a good thing for my perspective to be validated and catching on but a sure signal of bad to worse things coming down the pipe. We always hear that we are turning over this broken economy to our children someday and it is more like BROKE. Even as we attend the G20 it is apparent all signals point to bludgeoning behind the scenes and a world where America has reached the peak and is going down the other side of the hill. And with that we are piling up Trillions of dollars of new debt and minting currency like there is no tomorrow – and frankly there is no tomorrow for us.
Our leaders appear to believe that spending our way out of the crisis is the way we will recover. Actually we are borrowing our way out of the crisis and printing what will be funny money to the world. As I have said and even now the President agrees the world has lost – is losing and will lose faith in our economy and that is certain death for America. America’s economic dominance around the world is over. Barack Obama let this message fly from his lips in London and it is spot on that America will be moving aside in the 21st century and will be one of several economic powers on earth.
The death blow is coming and the day of reckoning around the corner. I will say this clearly again - when the world stops buying our treasuries and dollars and/or sells off some of either not only will inflation sky rocket but our way of life will come under so much pressure we most likely will collapse. Sounds bad but it’s the truth. Just like the banks rolled over debt our government does the same. Borrowing to pay for government and huge spending proposals has put America in so much debt unless massive and radical steps are taken right now our partner nations will see us as a bad investment.
If we were a company and our balance sheet and spending was as it is this business would be bankrupt at best. You or I would be crazy to invest. I am sure if you crunched the numbers you would agree with me. Now given the state of affairs the company decides to borrow even more to spend. I can’t stomach the way our country has been run into the ground – and like most of us we have little hope of changing anything.
I was watching Fox News last night and was astounded to hear the talking points d’jour as if they came right off the pages I have been writing for a year. Even the Boston Tea Party. I guess it’s a good thing for my perspective to be validated and catching on but a sure signal of bad to worse things coming down the pipe. We always hear that we are turning over this broken economy to our children someday and it is more like BROKE. Even as we attend the G20 it is apparent all signals point to bludgeoning behind the scenes and a world where America has reached the peak and is going down the other side of the hill. And with that we are piling up Trillions of dollars of new debt and minting currency like there is no tomorrow – and frankly there is no tomorrow for us.
Our leaders appear to believe that spending our way out of the crisis is the way we will recover. Actually we are borrowing our way out of the crisis and printing what will be funny money to the world. As I have said and even now the President agrees the world has lost – is losing and will lose faith in our economy and that is certain death for America. America’s economic dominance around the world is over. Barack Obama let this message fly from his lips in London and it is spot on that America will be moving aside in the 21st century and will be one of several economic powers on earth.
The death blow is coming and the day of reckoning around the corner. I will say this clearly again - when the world stops buying our treasuries and dollars and/or sells off some of either not only will inflation sky rocket but our way of life will come under so much pressure we most likely will collapse. Sounds bad but it’s the truth. Just like the banks rolled over debt our government does the same. Borrowing to pay for government and huge spending proposals has put America in so much debt unless massive and radical steps are taken right now our partner nations will see us as a bad investment.
If we were a company and our balance sheet and spending was as it is this business would be bankrupt at best. You or I would be crazy to invest. I am sure if you crunched the numbers you would agree with me. Now given the state of affairs the company decides to borrow even more to spend. I can’t stomach the way our country has been run into the ground – and like most of us we have little hope of changing anything.
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