The United States is on a path to economic collapse, and everyone can see what is happening, but nobody can seem to come up with a way to stop it. According to the U.S. Treasury, the federal government is currently 22 trillion dollars in debt, and that represents the single largest debt in the history of the planet. Over the past decade, we have been adding to that debt at a rate of about 1.1 trillion dollars a year, and we will add more than a trillion dollars to that total once again this year. But when you add in our unfunded liabilities, our long-term financial outlook as a nation looks heading to a major stock market crash and economic collapse.
According to Boston University economics professor Laurence Kotlikoff, the U.S. is currently facing 200 trillion dollar in unfunded liabilities, and when you add that number to our 22 trillion dollar government debt, you get a grand total of 222 trillion dollars. Of course we are never going to pay back all of this debt. The truth is that we are just going to keep accumulating more debt until a devastating economic collapse. And even though the federal government is the biggest offender, there are also others to blame for the mess that we find ourselves in. State and local governments are more than 3 trillion dollar in debt, corporate debt has more than doubled since the last financial crisis, and U.S. consumers are more than 13 trillion dollars in debt. When you add it all together, the total amount of debt in our society is well above 300 percent of GDP, and it keeps rising with each passing year.
According to official government projections, the Social Security Administration is facing a 13 trillion dollar unfunded liability over the next 75 years, and Medicare is facing a 37 trillion dollar unfunded liability over the same time frame.
Adding those two numbers together, we get a grand total of 50 trillion dollars. While the United States’ official debt is $20 trillion, the fiscal gap is really 10 times larger — $200 trillion. That comes from adding in off-the-book liabilities, including debt that’s in the Federal Reserve’s hands, Kotlikoff said. If Kotlikoff is correct, that means that the true size of the financial obligation that we are imposing upon future generations is 222 trillion dollars, and that number just keeps rising month after month.
You can spend more money than you are bringing in for quite a while, but eventually a day of reckoning arrives with a major stock market crash and financial collapse. We have been on the biggest debt crisis in the history of the world, and it has allowed us to enjoy a standard of living that is far beyond what we actually deserve, but the price that we will pay for such utter foolishness will be extremely painful indeed.
Prepare for the economic collapse while you still can.
COURTESY:
Script written by Michael Snyder, author of the www.theeconomiccollapseblog.com
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start ww3 problem solved
Protect yourselves buy Bitcoin
Israel gets Billions!
this is a bot. Look at the video carefully, there are tiny random animated dots, fire etc. the purpose is the avoid YouTube algorithm for duplicate videos. There are multiple version of this video with different voices and slightly different pictures , in the video. I have flagged this video for YouTube to investigate . There are many false information in the video. The purpose is to mislead uninformed people.
Anyone for tennis?
Whenever I feel too much optimism and happiness, I can always count on this doomsday channel to bring balance to my life
2020-2021 , 100 year credit cycle , 400 year Super grand solar minimum cycle , 80 year war cycle All converging at once , each cycle on their own produces catastrophic violence and scarcity and death. Seeing them all converging at once in the coming couple of years is terrifying.
The economy collapse has been confirmed every other day for the last 10 years I wish you guys would get some new material
Ya lost me at "Donald Trump". Some of us understand the financial goals of the Bankers with the inception of America. Every President is 'blamed'. It's nothing more than propaganda.
Ok. Somebody please tell me WHO or WHAT group does the USA owe all this money to?
Most people are aware of the coming collapse. America is the next Roman empire. The lack of great minds and collaboration of minds to come up with a viable solution is too few and too far in between. There are many doomsday preppers out there, sharing what they can to help those with knowledge for the short term. There is no long term solution.
IF you believe you can make a difference, offer obtainable solutions to help alleviate the debt, push all media outlets. Start your own sub government plans, respect our constitutional rights, and make a difference.
Change is needed.. change will come… for better or for worse
Water, food, shelter, guns and ammo
Maybe we can finally get trump to take Iraqi oil.
If these facts don’t wake you up hopefully the dark clouds and mournful music will. I feel like I’m at a wake.
Hate the background music. Didn't listen to whole video.
Imperialism is not the answer . Race down to Venezuela and instill a puppet then take the lager percentage of their oil revenue and gold money too, did not work long in Iraq nor tricking Bin Lad. When sugar was King in the Caribbean was only for a time. Making slaves of immigrants is still on. Foreign domestic and farm aids are slaves $50.00 a month? Love you neighbor as self Jesus the Prince of Peace said the greatest economist 2 loves into thousands of pieces bread(money) Get back to the bible mental illness gone, less health care needs, no thieves only the 10 Commandments!
American Jewish Bolshevik #3 Communism says :weaken the country down ,Then take it over !!! Like over ripened fruit ….. Your goin down America …And your almost there cause your just lettin it happin …
God said he would put a curse on us if we do not obey him(Deuteronomy 28 blessings or Curses) Leviticus 17 to Leviticus 19) and Numbers 26 also Deuteronomy 18:9-14. We/I are and am stiff necked unruly people. The Torah, Prophets and the Gospels and epistles are must starts. No matter if it is democracies or an Ism, Obey the God of Abraham is a must. I sin too. Put you trust in God not humans. Love God love and pray for enemies. I like history the bible is the best history book.