I have always kind of known, deep down, that America is it's own greatest enemy. I don't worry about China, or Russia, or whatever Al Qaeda boogie man our government cooks up.There will be no invasions, no evil enemies to repel, no new Autie Murphys, no Medals of Valor or Purple Hearts handed out to warriors on our soil.
The future of America will come about as result of apathy, a complete lack of intelligence, and an American public so self absorbed with all of the wrong things- that we are going to end up losing the only thing that matters. Freedom.
The chains that bind are given clever names. Tax hikes, Obamacare, property appraisal and re-assessment, compounding interest, fees, corporate monopolies, inflation. Want to lie to the American public? Sure, it's easy. Just call the greatest tax hike in the history of the country, "The Affordable Care Act."
Or call a private bank owned by the world's elite, "The Federal Reserve Bank." That name implies that the bank is "Federal" that it has "reserves" and that it is our bank. Why then can't we audit our own bank?
Names designed to mislead you work well. They've been working for a long time.
Why can't we have a fair tax? Tax reform. Or term limits for Congress?
Because it's all one giant lie. The elite own this place and they bought and paid for the best tax system Congress can get them. Congress will never vote to limit their own power. It has become a body of self serving sociopaths and alcoholics. On any given day John Boehner looks completely hung over or drunk. I wanted to give Obama a drug test the night of his first debate with Romney.
This garbage is what passes for leadership in America. This is the status quo. To change it- means you will have to kill a few of them. You see people in power, don't give it up easily. They have the upper hand and they are more than willing to put a boot on your throat to keep the status quo intact. Year after year, all over the globe, this shit plays out until such point that the people in any given country get completely enraged and start shooting. That is the tree of liberty that Thomas Jefferson spoke so eloquently of. It must be refreshed with the blood of free men and tyrants from time to time.
An excellent piece on the failure of our Constitution. http://www.zerohedge.com/news/2014-02-23/constitution-failed
Six years ago, the American people were plundered by their government, two Presidents and Congress, and the greedy shills of Wall St and the megabanks. We were set on a course so disastrous that there can be no recovery- except for a hyperinflation event which will wipe away the 200 trillion in debt that this country has accumulated.
Do you take issue with that number? You should. That's the real number. So real the CBO won't even publish it this year. Try searching the term "Inform Act" and Laurence Kotlikoff. Kotlikoff is a Boston University economist who believes along with over 1000 other economists, (who signed the Inform Act) that the true indebtedness of the US is 205 trillion. Maybe you think they are all right wing shills. Maybe you just don't care. But I guarantee you this- you will care one day. One day a hyperinflation event is going to wipe away everything you own.
Well unless you own gold and silver. Things people will desperately want. Things that have value like food, land, and shelter.
And from the past we get the future. How civilizations like ours start, grow, prosper, and decline.
Everything has a lifespan, nothing lasts forever. So too, the collapse of the dollar in a hyper-inflationary event. There is no other way out. We cannot grow our way out, we cannot counterfeit our way out,we cannot borrow our way out. At one time, I thought we could deflate our way out- until the FED made it quite apparent that they would be more than willing to destroy our wealth and way of life (QE1,2,3,4,5) rather than face the deflationary death spiral that they brought about and which culminated in 2006-07.
It is a given, an absolute certainty, that Americans will destroy America. So the million dollar question is, "When does the collapse occur?" Secondarily, "What will it look like and what can I do to protect myself?"
Practice acceptance. There is no stopping this. Millions upon millions of government largesse seekers are going to continue to vote for whatever candidate promises them the most food stamps, unemployment, free housing, medical care. There is nothing you can do to stop this. It must run it's course and you will have to keep paying for more and more of it because nobody has a vested interest in telling the ignorant asses who vote and get the free shit- that it has to stop sooner or later. Their numbers can only grow.
Fortunately we have an American public so completely apathetic, drugged, distracted, and ignorant, that it is actually prolonging the government and the dollar's lifespan. Americans are willing to work for less and less, pay more in taxes, continue to be duped by fraudulent numbers, accept irresponsible and sociopathic leadership- because they are too pussified to demand change and completely captured by a two party system that laughs every time the suckers pull a Diebold voting handle. It's like a frog in boiling water. The government and its masters will just incrementally and slowly keep turning up the heat until one day the frog can't escape the boiling water and becomes soup.
We are becoming one big soup kitchen.
Our military strength means we can intimidate other countries into buying our debt and using the petrodollar to buy oil. So that helps the hoi polloi and buys us some more time as we bully our way around the world.
Don't believe the "credentialed" people who try to time the collapse. They are all full of shit. I don't care if it's the people I like such as Eric Sprott or Peter Schiff. Only one man ever predicted the future accurately and he did not have any initials after his name nor did he go to Harvard where the other stooges go. I get so sick of listening to "experts" who don't know shit. Go ahead and listen to one day's worth of CNBC and you will have captured the essence of all dialogue on that channel for the past five years and the coming five years. Just insert a new date.
Early on, I fell for that shit after Schiff predicted the banking collapse back in 2006. Now Schiff along with people like Eric Sprott think they are prophets. Sprott is predicting 50 dollar silver this year and +2000 gold. I would bet my house- I guarantee it- that Sprott is full of shit. He's got ten months left on his prediction and all he has to do is beat the coordinated efforts of the world's greatest central banks as they collectively suppress the price of precious metals to keep people from buying them. Beat the world's bankers Sprott and you can have my house. All I ask in return is 100 oz. of gold. Do we have a bet?
So how will the collapse look?
It has already started. First we will accumulate debt levels which we cannot pay. Then we will not be able to finance them. The government will incrementally and slowly start reducing tax breaks and hiking taxes to the cheers of the hoi polloi who don't understand that even if you confiscate 100% of the elite's riches- it won't even dent the debt we have accumulated already.
The welfare rolls will continue to rise.
People will begin to default. They simply won't be able to pay their debts and their taxes. Interest rates will rise because unsecured debt is essentially worthless debt. Nobody will buy the debt of an essentially bankrupt and unsecured nation. Personal assets will get seized. Laws will be passed further reducing your money and wealth like the ACA. The government will begin to pass new laws reducing their exposure to the obligations they have incurred. Eventually, they are going to try and seize any asset they can get their hands on. That will include gold, silver, land. They may even try to nationalize commodities such as coal and oil and simply take them under some emergency act which they will tell people is only temporary.
The corporate oligarchy and megabanks will stay off shore. They will hide every last penny that they can.
And the people- people who have had it too good for too long will wonder wtf hit them. Just like that frog in the boiling water- they will realize they are soup just before they become soup.
I started this blog almost 6 years ago after our leadership stole trillions of dollars and delivered it to AIG, the megabanks and robber barons like Warren Buffet, and GM. I waited for prosecutions and reform. There was neither. Our leadership not only turned a blind eye to the greatest financial grand theft of all time- but it actually dialed up trillions of dollars in new debt, trillions of dollars in new taxes, and squeezed the ass of a corporate oligarchy that has off shored millions of jobs to the slave labor pools of the Pacific Rim and Mexico.
Geniuses, and certainly not you, understand that the way to cure a debt problem is by adding new debt.
You want to hear the best part? I have grown weary of reading naked capitalism and their high brow content, tired of reading the same old regurgitated crap at Zerohedge, tired of waiting for an event which will have no other merit for me other than some enabling moment with which I can say, "I told you so." Big deal. A collapse which in fact- may not even happen in my lifetime. What kind of a moron hopes for an event that will financially crush millions upon millions of innocent people just to say, "I told you so." A moron sick of watching his countrymen act like apathetic stooges. I get that.
It's always easy to be the enabling guy. The guy who spoils the grand kids and hands them back screaming, to their parents. That's why I've always known that the American people will not wake up, they will not demand the right thing nor will the leadership acquiesce. Nobody has a vested interest in doing the right thing because the right thing is hard. The hard, right things will cost elections, careers, and lives. Doing the right thing will cause hardship and strife that this country, spoiled that it is, has never known.
That's why- when you examine all of the pieces as they exist right now- the future looks pretty damned predictable. It doesn't look good but I'm not sure bad is gonna get here while I'm still around.
Predicting can be hard though, especially about the future.