by Michael

You possibly can name everybody for dinner, as a result of our goose is cooked.  We’re so deep in debt that the one approach we will preserve your complete system from collapsing is to maintain borrowing much more cash.  Maybe you have got been by means of an analogous state of affairs with your individual private funds.  If you merely don’t have sufficient cash to pay your payments, borrowing extra money can seem to be a very easy short-term answer.  Sadly, the U.S. authorities has been doing this for many years, and now our nationwide debt spiral has reached a terminal stage.  Even when we gathered up all the cash that exists in each checking account in America, we couldn’t repay the nationwide debt.  The debt degree is exploding upwards at an exponential price, and the one approach that the federal authorities can proceed to pay the payments is to maintain borrowing and spending colossal mountains of cash that we should borrow from another person.

As I write this text, the U.S. nationwide debt is sitting at 31.4 trillion {dollars}.

However the whole worth of all items and providers produced in the US final yr was solely about 25 trillion {dollars}.

Our leaders in Washington may attempt to reverse course by balancing the price range, however that may result in a short-term financial catastrophe.

Simply give it some thought.

What do you suppose would occur if a pair trillion {dollars} of presidency spending was abruptly sucked out of the financial system?

We’d instantly plunge right into a horrifying financial despair.

Sadly, the reality is that we have now been borrowing from the long run to make the current much more nice.  We’re having fun with an artificially-inflated way of life that we don’t deserve, and we have now been utilizing debt to fund that artificially-inflated way of life.

However now a day of reckoning is right here.

After all it isn’t simply the federal authorities that has gone utterly insane.

Our state and native governments are collectively greater than 3 trillion {dollars} in debt.

Company debt in the US has now surpassed the 12 trillion greenback mark.

And whole U.S. family debt is now over 18 trillion {dollars}.

Because the U.S. financial system has slowed down in current months, an growing variety of Individuals have turned to bank card debt.

So now bank card debt is rising at an exponential price whereas the financial savings price has dropped to a historic low.

And at this level the typical price of curiosity on bank card balances is the very best ever.

I don’t even have the phrases to explain how self-destructive we’re being.

On each degree of society, debt ranges are completely skyrocketing.

We are actually committing nationwide monetary suicide, however many individuals don’t appear to care.

And many individuals don’t appear to care as a result of they don’t even perceive what is occurring.

At this level, our “system of training” has produced hordes of utterly clueless people that may barely even perform in a contemporary society.

If we had a inhabitants that was correctly educated and correctly knowledgeable, they’d be completely horrified by what our leaders have been doing to us.

However as a substitute, our leaders have been free to systematically destroy our monetary future for a really very long time, and only a few of us have even cared sufficient to object.

Sadly, we have now reached a degree the place there is no such thing as a turning again.

We now have already destroyed the reserve foreign money of the planet.

We now have already created rampant inflation.

The Federal Reserve has been feverishly climbing rates of interest, however that’s dramatically elevating debt service prices at each degree of our society, and it’s also inflicting financial exercise to decelerate throughout us.

Firms throughout America are actually shedding staff, and that even contains Google…

On Friday, Alphabet-owned Google introduced it was reducing 12,000 workers, roughly 6% of the full-time workforce. Whereas workers had been bracing for a possible layoff, they’re questioning management in regards to the standards for layoffs which shocked some workers, who woke as much as discover their entry to firm properties minimize off. A few of the laid-off workers had been long-tenured or lately promoted, elevating questions in regards to the standards used to resolve whose jobs have been minimize.

Shortly after CEO Sundar Pichai’s preliminary e mail to workers Friday morning, Google’s search boss Prabhakar Raghavan despatched an e mail to workers saying he “additionally feels the accountability to achieve out” and asking for them to save lots of questions for subsequent week’s city corridor. There might be “bumps within the highway” because the group strikes ahead with the layoffs, Raghavan famous.

Why is Google doing this?

No company in your complete nation is stronger than they’re.

If there’s one firm in America that shouldn’t be shedding staff, it’s Google.

After all nearly each giant tech firm is shedding staff lately.

Microsoft is shedding staff.

Amazon is shedding staff.

Fb is shedding staff.

Twitter is shedding staff.

We haven’t seen something like this since 2008, and that’s as a result of we haven’t had an financial disaster like this since 2008.

So many individuals are going to lose their jobs within the months forward.

And the financial ache that we are going to expertise in 2023 might be just the start, as a result of your complete system is beginning to come down throughout us.

Did you really suppose that we may go on the best debt binge in all of human historical past and that all the things would work out simply positive by some means?

That’s not how the true world works.

We sat by and did nothing whereas our leaders made disastrous choices for many years, and now we might be compelled to observe in horror as the implications of these choices play out proper in entrance of our eyes.