The worst of the financial crisis is over we are told. The economy is near its bottom and it will soon bounce back. If you believe this read on:
The U.S. national debt is $11.5 trillion, which is nearly $40,000 for every man, woman and child in America. This means a family of five is $200,000 in debt. But you may be thinking, "So what, I don't have to pay it."
Think again. Bailouts, stimulus plans, weapons and wars are extremely costly and the U.S. debt is already so large, there is no "growing out of it." And as it mounts by the day, the U.S. government has no idea how it will ever pay back its creditors. This leaves only two choices:
1) Tax you what you "owe." This could cost you thousands of dollars a year. And if others can't afford to pay their share, that burden would fall on you as well. But if the government ever tries to collect this money you will see the people revolt, as they lose everything they've worked for.
2) Inflate the currency. The U.S. government has already taken the initial steps as of last September by printing money out of thin air. They see no choice because they can no longer borrow enough money to pay their bills, unless they pay far higher interest rates. Far higher interest rates in itself will sink the economy.
So the government has chosen inflation, not taxation. But when your money loses all of its value, you will still have lost everything you worked for. Inflating its currency is just the spineless way of taking it from you.
What can you do to protect yourself? Please see "Your Money Will Become Worthless" on http://sane-ramblings.blogspot.com/
Until it went war mad and financially insane, America had been the envy of much of the world. However, the work ethic and creativity that built this nation still remains and it will allow the U.S. to rebuild itself on a far sounder footing.
But in the meantime, in the Depression to come, we will do as people did during the Great Depression, we will help one another. And in the end, it is our compassion and our sense of humanity that will make life special, and us a better people.
Dick
