The United States is in the middle of the biggest debt bubble in history. In the past year, the U.S. national debt has surpassed the 30 trillion dollar mark, and now America has become the most indebted nation on the entire planet. But most people don’t even realize how this gigantic debt load can jeopardize our economic system.
If things don’t go exactly as we plan, and the U.S. loses its dominant position as the world’s wealthiest country, we will be forced to start paying off the enormous debt we accumulated. It goes without saying that we simply do not have that kind of money. This is leaving our country in an extremely fragile position relative to the rest of the world, particularly considering that many other countries hold our debt in the form of Treasury-backed securities.
Thirty years ago, the U.S. was already experiencing a horrific debt crisis, and our monetary decay was getting out of control. If only we had persisted in trying to solve that crisis during that period, then today things wouldn’t be so bad. If we had dealt with it before it became this big, then maybe we could have done things differently. But now, the national debt is 15 times larger than it was a decade ago, and we’re still adding more than a trillion dollars to that pile every single year.
In other words, all of this sense of prosperity we created is based on an illusion. It’s a false prosperity that has been bought by the biggest mountain of debt the world has ever seen. In fact, as if we weren’t in enough trouble already, Congress is planning to pass another 1.4 trillion dollar bill this year. Did you know that if you added up all forms of debt in the United States and divided it up equally every single family in the country would owe nearly $700,000? We must face the fact that we are a part of a nation that is absolutely addicted to debt, and the U.S. debt crisis is threatening to destroy the nation built by our forefathers.
We simply cannot fix this debt bubble under the current monetary system. What we are doing to the future of our children and our grandchildren is completely devastating. We are literally stealing from future generations. Conditions are rapidly shifting in our country, and a massive amount of financial pain is on the horizon. Now, more than ever, it is time for Americans to wake up, and take action while they still can. It is time for Americans to get extremely angry. Our future has been destroyed and the future of the next generations has also been destroyed. Enjoy this false sense of prosperity while you still can, because it is not going to last for much longer. Debt is a very cruel master, and our day of reckoning is right on the corner.
Today, we decided to compile some shocking figures that expose just how alarming the U.S. debt bubble really is.
For more info, find us on: https://www.epiceconomist.com/
And visit: http://theeconomiccollapseblog.com/
SHORTAGES – FAMINES – MONOPOLIES the return
The absolute evil of our time is the billionaires who establish monopolies, destroy capitalism by preventing competition and bribe governments to evade taxes and legal constraints. The phenomenon already occurred in the United States at the end of the 19th century and the beginning of the 20th. The multi-billionaires of the time were named Vanderbilt (railroads), Rockefeller (oil), Carnegie (for steel), J.P. Morgan (the bank), Thomas Edison (electricity among other things). Their monopolies allowed them to fix prices and impoverish the masses who demanded more humane living conditions, but in vain and this despite strikes and revolts that were bloodily repressed. Between them Morgan, Carnegie and Rockefeller represented a trillion current dollars in an America where 90% of the population lived on an income of less than $100. per month. To avoid having the American government against them, as the 1896 election was approaching and the Democratic candidate, William Bryan, was promising reform, they formed a coalition, (now it looks like a conspiracy) endowed with several million dollars to make elect their man as president. This man was named William McKinley. They corrupted the press, threatened their employees with dismissal if Bryan was elected; the vote not being secret, the threat was effective. Obviously McKinley was elected and everything remained unchanged. The billionaires got richer. J.P. Morgan, in addition to its banking activities, created, by takeover and merger, US STEEL which became the largest steel mill in the USA. Over the next 4 years, a young Republican politician, Theodore Roosevelt, became Governor of New York State and began to regulate monopolies. In the federal elections of 1900, the billionaires resumed their rides, but without succeeding in corrupting Teddy Roosevelt; so, to neutralize him, he was offered the post of vice-president, which was more honorary than real. In the 1900 election, McKinley was re-elected, but in 1901 while on the move, Leon Frank Czolgosz, a worker fired by J.P. Morgan when U.S.STEEL was founded, shot McKinley, who died eight days later. Reform-minded Vice President Teddy Roosevelt became president. A nightmare for billionaires. Despite the maneuvers of these tyrants, a merciless war began and after several resounding trials, the monopolies were dismembered. Had it not been for this unpredictable and unique situation, there would have been no middle class, neither in the United States nor elsewhere, and the appetite of these ogres would have been endless.
Today, the heirs of those tyrants Bill Gate, George Soros, Jeff Besos, Warren Buffet, Mark Zuckerberg and the Davos clique have learned the lesson. They have corrupted all mainstream media by becoming their owners, have corrupted all political parties and trade unions and neutralized all potential opponents. Nothing stands in the way of their desire to plunder established activities, through uberization, theft of national and international resources, theft of savings through stock market speculation and galloping inflation, etc. Who will be the next Teddy Roosevelt? Will another Leon Frank Czolgosz be needed to liberate the peoples who are victims of these insatiable demons? … And it will be pretended that history does not repeat itself.
Acquiring wealth and more money has made me realize now that stocks and share's are still the most lucrative businesses in the world today, bonds, real estate, stocks and cryptocurrency are really changing people's lives for better after duly guidance in the risk margin rounded circle the financial market.
both senat , and house have approved the expenditures. they do not care. and the leaders have done the lead. the solution pay up with the stocks of gold and silver.
Secretary of state Pompeo provided the rationale to tackling this huge debt burden, lie, cheat and steal.
No problem we’ll just do the great reset… the government Will say this is the old dollar bill and this is the new dollar bill take the old dollar bills and wipe your ass with it LOL along with all those treasury bonds…
"the u.s needs war to continue exist"
Lenders would choose keep the borrowers alive to repay the debt, rather than destroy the economy. It is important to show the will to repay the debt to keep the lenders being nice and calm. Economy is human activity, which is under control of human.
How can you be in debt when you can issue money? There is no debt.
It's going to get worse. We have global unemployment, a global homeless crisis, rising rents, greedy corporations and big banks. selling homes at inflated prices. Too many poor in the US, on welfare, no affordable housing, rising crime, and exorbitant prices for gas and food. . We r in trouble.
Rich people pay your fair share of taxes!
The point is, where are the money going??
Most u.s govt debt is owed to the Wuhan virus creators, so the u.s is almost debt free because all nations are riding off Chinese debt against the cost of their Wuhan virus.
The first things we need to eliminate is s.o.c. and welfare.
This is not new information.
yup …everyone needs to start the chant .
"stop the spending! "
This is what God going to do ! Separate the sheep from the goats and sell it to the highest bidder, whom will pay for this national depth !
Because he said, "This wine is the Token of God's new covenant to save you – an agreement sealed with the blood I will pour out for you", Jesus the everlasting Christ!
I listen to hear the fake British accent and mispronounced words.
I didn't accumulate debt! That was congress…
gotta pay the loanshark back. china. they actually print money to pay back just the interest. US is the muscle thats gonna need every cent they can print an take from u to pay back loans, well they cant, its only interest, from china before they call it in. sorry.
China owes the US more than we owe them, time to collect.
America is wise Nations otherwise this channel already run away .
Who is we ? Lol ?
The sooner the better, we just cannot wait
This cannot continue sooner or later it will collapse , at some point nobody will be willing to lend them money , if they went into any bank tomorrow ,they would not qualify for a loan as there are rules regarding been over extended
I don't care how much money you have or how much money you think you have but this is what's going to happen when a nation defaults interest rates will go extremely high you will have ultra high inflation extreme devaluation of your Investments and your money when a nation goes broke you go broke too
Blame the Democrats…….
Already too much debt and still support the Clown Ukraine President with 40 Billion Dollars! Sorry for the people of US!
END THE FED..
This Country is going down the shitter
Yes because we cannot pay back China $20 trillion dollars eventually they will come to collect I wonder how much Washington DC is worth 50¢