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Why Economic Collapse of U.S. Is Inevitable!
Lorimer Wilson / Munknee.com
This short video – on the unsustainability of government spending – should be watched by everyone, including those not yet old enough to vote. It should be shown in every high school and college classroom. Anyone that cannot understand this presentation should not be allowed out without a guardian.
Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!) and www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) has edited the article below for length and clarity – see Editor’s Note at the bottom of the page. This paragraph must be included in any article re-posting to avoid copyright infringement.
Pelerin goes on to say, in part:
Most people have no idea of the unsustainability of government spending. The path which the government blindly follows ensures a complete and total collapse of the U.S.. What has happened in Greece (and things will get much worse there) is exactly what will occur in the U.S.. A complete and total economic collapse is inevitable.
The reasons for this ending and its inevitability are explained in this short (5 minute) presentation by Hal Mason in an email that has been circulating [and has already been viewed by 1,322,,729 people worldwide]. The simplicity of his presentation allows understanding for even the economically illiterate. Simple arithmetic is sufficient to understand the impossibility of our current path and our inevitable ending.
It’s the numbers, Stupid and the people who elect the corrupt, self-serving politicians in Washington who continue down this road to destruction.
*http://www.economicnoise.com (http://s.tt/1iukz) (To access the above article please copy the URL and paste it into your browser.)
Editor’s Note: The above article may have been edited ([ ]), abridged (…), and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.
Yes. Pretty much what I’ve been saying, alas. I will link to this from my Old Jarhead blog.
Robert A. Hall
Author: The Coming Collapse of the American Republic
All royalties go to help wounded veterans
For a free PDF of my book, write tartanmarine(at)gmail.com
It’s good but it’s only a small part of the story. We don’t just have a $1.3 trillion deficit. We also have an estimated $5.3 trillion in unfunded liabilities per year as well. Look at this:
$2.2 trillion – income
$3.5 trillion – spending
$5.3 trillion – money the government has committed to spend
————-
$8.8 trillion
Total deficit is really $6.6 trillion. Real spending would have to be cut by 75%. That would only address this year’s unfunded liabilities. Not the estimated $120 – $200 trillion in past unfunded liabilities.
Yes. Pretty much what I’ve been saying, alas. I will link to this from my Old Jarhead blog.
Robert A. Hall
Author: The Coming Collapse of the American Republic
All royalties go to help wounded veterans
For a free PDF of my book, write tartanmarine(at)gmail.com
Aug 9, 2012, 12:03 pm Like Dislike Report SPAM Reply
Anonymous
It’s good but it’s only a small part of the story. We don’t just have a $1.3 trillion deficit. We also have an estimated $5.3 trillion in unfunded liabilities per year as well. Look at this:
$2.2 trillion – income
$3.5 trillion – spending
$5.3 trillion – money the government has committed to spend
————-
$8.8 trillion
Total deficit is really $6.6 trillion. Real spending would have to be cut by 75%. That would only address this year’s unfunded liabilities. Not the estimated $120 – $200 trillion in past unfunded liabilities.
Aug 11, 2012, 12:40 pm Like Dislike Report SPAM Reply
Prepare to go down with the ship. Unlike the author of the video I can see no other way but for this entire ponzi scheme to crash and burn. To try and remedy the situation will be like placing a bandage over a two foot wide leak on a ship, just won’t work. Sadly we’re learning two lessons. One, the people we think we’re electing don’t answer to us but to another and are only creating the illusion this is a country when it’s a corporation. Two, the system was never designed to last much less work as you can clearly see by the current situation. Anything based on greed, lies, deceit, warring, and hoarding by the few can’t and won’t last and this is what the general public need to come to grips with and not continue the madness of trying to fix a dilapidated illusionary country.