Posted on 02/04/2010 11:50:19 AM PST by Jack Black
Thanks to the endless barrage of feel-good propaganda that daily assaults the American mind, best epitomized a few months ago by the “green shoots,” everything’s-coming-up-roses propaganda touted by Federal Reserve Chairman Bernanke, the citizens have no idea how disastrous the country’s fiscal, monetary and economic problems truly are. Nor do they perceive the rapidly increasing risk of a totalitarian nightmare descending upon the American Republic.
One stark and sobering way to frame the crisis is this: if the United States government were to nationalize (in other words, steal) every penny of private wealth accumulated by America’s citizens since the nation’s founding 235 years ago, the government would remain totally bankrupt.
According to the Federal Reserve’s most recent report on wealth, America’s private net worth was $53.4 trillion as of September, 2009. But at the same time, America’s debt and unfunded liabilities totaled at least $120,000,000,000,000.00 ($120 trillion), or 225% of the citizens’ net worth. Even if the government expropriated every dollar of private wealth in the nation, it would still have a deficit of $66,600,000,000,000.00 ($66.6 trillion), equal to $214,286.00 for every man, woman and child in America and roughly 500% of GDP. If the government does not directly seize the nation’s private wealth, then it will require $389,610 from each and every citizen to balance the country’s books. State, county and municipal debts and deficits are additional, already elephantine in many states (e.g., California, Illinois, New Jersey and New York) and growing at an alarming rate nationwide. In addition to the federal government, dozens of states are already bankrupt and sinking deeper into the morass every day.
(Excerpt) Read more at financialsense.com ...
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
~~Ludwig Von Mises
(What comes after that is a total disaster: CW2, Max Max or tyranny.)
I can't imagine why there is a problem.
When more than seven million American workers lost their jobs and were subsisting on unemployment benefits and food stamps, federal government employees, who now earn DOUBLE what private sector workers earn, were given another round of pay and benefits increases anyway.
Governments that openly defy the people are either already totalitarian or in the process of becoming so. Monetarily, the United States clearly functions as a totalitarian dictatorship already
Those aren't necessarily mutually-exclusive.
Yeah. It might get so bad that a breakup of the union might be better than one massive tyranny or Mad Max.
Argentina is probably a better example (as if that is so much better).
You wish.
Actually, by the time it happens, the reality will be worse than war & famine
The government is not going away. It will morph into something that will be capable of surviving despite its destructive ways. Government has self preservation in mind, and it will find a way to preserve itself.
I am talking about totalitarianism.
We are on the technological precipice of absolute and total control of the likes the world has never before seen. I would say never before imagined but that would be a false statement. George orwell imagined it very clearly...as has the book of revelation.
We will see the end of “money” as we now know it.
Government will become hyper suspicious of any and all competing thought(sedition, anyone?)...including religion. Government will become so sadistically jealous of any words of praise not directed towards government that the individual will cease to exist.
Why will this happen? Because when things deteriorate to such extent that the only way our government can continue to exist is at the expense of all else...GOVERNMENT WILL EXIST AT THE EXPENSE OF ALL ELSE.
These things are so perfectly crystal clear to me that it makes me laugh whenever I think about it.
I would welcome it.
See my post 50
There is a saying in Illinois that the activities of the Daley machine (Dem) in Chicago will be pretty much counterbalanced by the activities of the Republicans in downstate Illinois.
Growing up in New Jersey, I saw that the Republicans in northwester NJ, and perhaps in other areas I did not know, were a counterweight to the activities (Dem) in Jersey City, Newark and Hoboken.
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If by “activities” you are referring to voter fraud or electioneering, I BEG to differ. We are talking about the modern (or Postmodern) Republican party — the party of the Bushes, Doles and McCains. Ah, NO. Even if the Republicans as a whole were dirty enough to commit voter fraud on the scale of the Democrats (IMPOSSIBLE considering ACORN, SEIU, Dead people in Chicago, the Black Panthers and God knows how many others!) the Republicans would be too dumb to do it!
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