Quote:
Originally Posted by Sabella
The USA is broke -in case people don’t realize it is because we’re spending trillions of dollars on every other country and every other person except the United States citizens and although it is unbelievable, no one in our country is doing anything about the situation.
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We're past the point of no return. No one can do anything about our debt at this time. It is a mathematical impossibility. They talk about reducing the deficit (the amount we borrow each year), but unless the deficit goes to zero, the debt ($33 Trillion) will continue to grow. Annual interest alone has now exceeded $1Trillion. Mathematically, that's over $9000 per year per taxpayer
just for interest. Debt per taxpayer is over $300,000. It's clear this debt will never be paid.
Like a person who lived off of his/her credit cards for too long, bankruptcy is the only option. But, unlike typical bankruptcy, this will be several orders of magnitude worse. Why? Because the dollar itself will be destroyed. With most of the world (BRICS, EEU, etc) working to topple the dollar as the world's reserve currency, time is not on our side. When the dollar no longer buys what you need (food, energy, water, etc) it won't matter how much you have. Our government's monetary sanctions using the dollar as a weapon is going to bite us in the ass.
When people can't buy essentials and their currency is worthless (think Venezuela because that's where we are headed), what will society look like? When things are still quite stable, you see crime and violence increasing like crazy. What happens then these crazed criminals targeting retailers and Amazon delivery trucks actually can't buy food?
Do you think it will be a kinder and gentler society? Me neither.