America’s Debt Crisis
Here are a couple videos explaining a very large factor in America’s inevitable financial collapse - entitlements. Notice, the magnitude of the numbers explained in these videos were derived long before Obama took office, and even before the massive bank bailouts. The videos don’t even touch on other important factors like the weakening of the dollar, the Federal Reserve, immigration, etc. But, just our current obligations alone will destroy our nation; it is not a matter of if, but when. Pile all of our other problems on top of these and America does not look like a pretty place to live in about 30 years. Obama is surely expediting this process.
These problems stem from a couple different sources. The first is the nature of our monetary system. I cannot stress enough how important it is for you to understand how this works. Once you do, it will become clear how growing debt and inflation are absolute necessities for our system to stay afloat. It is a system that promotes it’s own eventual demise.
The second source of this problem lies in our very form of government, our parliamentary democracy. It is a system that has become easily corruptible by outside interests. It attracts the most dishonest of representatives who are never held to any form of personal responsibility. Everything is done by committee or a vote by majority, which means that anything that ever gets done is always a compromise. A nation does not achieve improvement by compromises, yet our two-party liberal democracy ensures that this is all we will ever get. Furthermore, these cowardly representatives are put in power by the dumbest 51% of the masses. It is a simple rule of nature that the majority of people are not only too easily persuadable, but also do not possess the intelligence or willpower to be political or economic philosophers.
This entire combination is a recipe for disaster. Fiscal responsibility will never come to Washington because it is virtually impossible within our current system. Our public also faces a similar fate. The very nature of our monetary system also ensures that the American people will continue to accumulate debt until we are all economic slaves. In our democratic system it is also nearly impossible to reverse any damage that has been done by preceding representatives. Could we ever repeal the Federal Reserve Act? Or the destructive Immigration bills of the 1960’s? Of course not, especially since our controlled media has a stranglehold over political discourse in this country.
This leads to only one final conclusion: America will fail. This inevitability is only a matter of time.
Filed under: Nation
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