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Broache73 · 46-50, F
https://youtu.be/ivSnRLTBOro
It's easier to Fool the Citizenry than it is to inform them that they've already been Fooled...
The Economic Ramifications of everything the United States Government has invaded itself in is definitely home to roost. The United States Government promised to deliver a Gold-Plated Bill of Goods and Golden Promises, and it has NOTHING to deliver.
All America actually has;
Government Debt...
Sovereign Debt...
Corporate Debt...
Household Debt...
Healthcare Debt...
Student Loan Debt...
Annual Deficits..
Trade Deficits..
Local Government Deficits..
State Government Deficits..
Entitlement Promises...
Unfunded Liabilities Promises...
Disaster Relief Promises...
Pension Promises...
As far as the Eye can see...
The US Government's Track Record on our Bubble Economy makes Bernie Madoff look like a Shoplifter and Allen Stanford look a Petty Thief. On top of the fact that we've had rampant Inflation since 1971, Artificially Low Interest Rates, and Phony Monopoly Money into the unforseeable future. US Taxpayers were repeatedly told that the Vietnam-Style War for Oil in Iraq would be paid for by Oil Revenues, yet the US Taxpayer got the Sticker Shock of a $10+ Trillion Dollar Price Tag, not to mention the Graveyard of Empires known as Afghanistan which exceeds $3+ Trillion Dollars by itself.
Let's not forget, The US Government Officials paid off their Corporate paymasters with a grotesque $700+ Billion Dollar Corporate Bailout, and a Trillion Dollar Corporate Stimulus Package. If "We The People" managed our Personal Finances like this, we'd all be in Debtor's Prison. The American Voter's appalling ignorance of Economics, Civics, Historical Context, and Math has made the Economic Crash inevitable.
• If the Government manages and services Education, Healthcare, Retirement, and everything else it wants to invade itself in, Whose Lives and Livelyhoods are going to hang in the balance?! Who's going to Pay the Piper?!
It's easier to Fool the Citizenry than it is to inform them that they've already been Fooled...
The Economic Ramifications of everything the United States Government has invaded itself in is definitely home to roost. The United States Government promised to deliver a Gold-Plated Bill of Goods and Golden Promises, and it has NOTHING to deliver.
All America actually has;
Government Debt...
Sovereign Debt...
Corporate Debt...
Household Debt...
Healthcare Debt...
Student Loan Debt...
Annual Deficits..
Trade Deficits..
Local Government Deficits..
State Government Deficits..
Entitlement Promises...
Unfunded Liabilities Promises...
Disaster Relief Promises...
Pension Promises...
As far as the Eye can see...
The US Government's Track Record on our Bubble Economy makes Bernie Madoff look like a Shoplifter and Allen Stanford look a Petty Thief. On top of the fact that we've had rampant Inflation since 1971, Artificially Low Interest Rates, and Phony Monopoly Money into the unforseeable future. US Taxpayers were repeatedly told that the Vietnam-Style War for Oil in Iraq would be paid for by Oil Revenues, yet the US Taxpayer got the Sticker Shock of a $10+ Trillion Dollar Price Tag, not to mention the Graveyard of Empires known as Afghanistan which exceeds $3+ Trillion Dollars by itself.
Let's not forget, The US Government Officials paid off their Corporate paymasters with a grotesque $700+ Billion Dollar Corporate Bailout, and a Trillion Dollar Corporate Stimulus Package. If "We The People" managed our Personal Finances like this, we'd all be in Debtor's Prison. The American Voter's appalling ignorance of Economics, Civics, Historical Context, and Math has made the Economic Crash inevitable.
• If the Government manages and services Education, Healthcare, Retirement, and everything else it wants to invade itself in, Whose Lives and Livelyhoods are going to hang in the balance?! Who's going to Pay the Piper?!
Roundandroundwego · 61-69
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whowasthatmaskedman · 70-79, M
@Hayman Thats a secondary issue. Digital. paper, Gold or seashells. It will be in Yuan , not $US. and that means that the rent American gets to charge for the use of its currency in trade will disappear. That means demand to the $US will fall away and th value of the $US will drop. And THAT means the cost of imports into the US will rise. And thats a lot of stuff.😷
whowasthatmaskedman · 70-79, M
@Hayman Intelligent question.. Gold has always been a store of value. A safe haven. But there is simply not enough gold to sustain the world economy in anything like its current leve. That leaves you to nominate something to substitute for the promise of gold, which the $US used to. People believed the promise , so the system worked
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whowasthatmaskedman · 70-79, M
This only happens when people no longer trust it. Then their either start using someone elses paper.(The $US is accepted in a lot of slamm countries.) or they go to gold or another means of exchange or Barter, depending on the complexity of the economy..😷
DDonde · 31-35, M
Something else becomes the currency