by Michael

You may name everybody for dinner, as a result of our goose is cooked.  We’re so deep in debt that the one approach we will hold the complete system from collapsing is to maintain borrowing much more cash.  Maybe you’ve got been by an identical situation with your individual private funds.  Once you merely should not have sufficient cash to pay your payments, borrowing extra money can look like a very easy short-term answer.  Sadly, the U.S. authorities has been doing this for many years, and now our nationwide debt spiral has reached a terminal stage.  Even when we gathered up all the cash that exists in each checking account in America, we couldn’t repay the nationwide debt.  The debt stage is exploding upwards at an exponential fee, and the one approach that the federal authorities can proceed to pay the payments is to maintain borrowing and spending colossal mountains of cash that we should borrow from another person.

As I write this text, the U.S. nationwide debt is sitting at 31.4 trillion {dollars}.

However the whole worth of all items and companies produced in america final 12 months was solely about 25 trillion {dollars}.

Our leaders in Washington might attempt to reverse course by balancing the price range, however that might result in a short-term financial catastrophe.

Simply give it some thought.

What do you assume would occur if a pair trillion {dollars} of presidency spending was all of a sudden sucked out of the financial system?

We’d instantly plunge right into a horrifying financial melancholy.

Sadly, the reality is that we have now been borrowing from the long run to make the current much more nice.  We’re having fun with an artificially-inflated way of life that we don’t deserve, and we have now been utilizing debt to fund that artificially-inflated way of life.

However now a day of reckoning is right here.

In fact it isn’t simply the federal authorities that has gone utterly insane.

Our state and native governments are collectively greater than 3 trillion {dollars} in debt.

Company debt in america has now surpassed the 12 trillion greenback mark.

And whole U.S. family debt is now over 18 trillion {dollars}.

Because the U.S. financial system has slowed down in current months, an growing variety of People have turned to bank card debt.

So now bank card debt is rising at an exponential fee whereas the financial savings fee has dropped to a historic low.

And at this level the common fee of curiosity on bank card balances is the very best ever.

I don’t even have the phrases to explain how self-destructive we’re being.

On each stage of society, debt ranges are completely skyrocketing.

We are actually committing nationwide monetary suicide, however many individuals don’t appear to care.

And many individuals don’t appear to care as a result of they don’t even perceive what is occurring.

At this level, our “system of training” has produced hordes of utterly clueless people that may barely even perform in a contemporary society.

If we had a inhabitants that was correctly educated and correctly knowledgeable, they might be completely horrified by what our leaders have been doing to us.

However as a substitute, our leaders have been free to systematically destroy our monetary future for a really very long time, and only a few of us have even cared sufficient to object.

Sadly, we have now reached a degree the place there isn’t any turning again.

We have now already destroyed the reserve foreign money of the planet.

We have now already created rampant inflation.

The Federal Reserve has been feverishly mountain climbing rates of interest, however that’s dramatically elevating debt service prices at each stage of our society, and it is usually inflicting financial exercise to decelerate throughout us.

Corporations throughout America at the moment are shedding staff, and that even contains Google…

On Friday, Alphabet-owned Google introduced it was chopping 12,000 workers, roughly 6% of the full-time workforce. Whereas workers had been bracing for a possible layoff, they’re questioning management in regards to the standards for layoffs which stunned some workers, who woke as much as discover their entry to firm properties reduce off. Among the laid-off workers had been long-tenured or not too long ago promoted, elevating questions in regards to the standards used to resolve whose jobs have been reduce.

Shortly after CEO Sundar Pichai’s preliminary e mail to workers Friday morning, Google’s search boss Prabhakar Raghavan despatched an e mail to workers saying he “additionally feels the accountability to achieve out” and asking for them to save lots of questions for subsequent week’s city corridor. There might be “bumps within the highway” because the group strikes ahead with the layoffs, Raghavan famous.

Why is Google doing this?

No company in the complete nation is stronger than they’re.

If there may be one firm in America that shouldn’t be shedding staff, it’s Google.

In fact nearly each giant tech firm is shedding staff today.

Microsoft is shedding staff.

Amazon is shedding staff.

Fb is shedding staff.

Twitter is shedding staff.

We haven’t seen something like this since 2008, and that’s as a result of we haven’t had an financial disaster like this since 2008.

So many individuals are going to lose their jobs within the months forward.

And the financial ache that we are going to expertise in 2023 might be just the start, as a result of the complete system is beginning to come down throughout us.

Did you really assume that we might go on the best debt binge in all of human historical past and that every thing would work out simply advantageous one way or the other?

That isn’t how the actual world works.

We sat by and did nothing whereas our leaders made disastrous selections for many years, and now we might be pressured to observe in horror as the results of these selections play out proper in entrance of our eyes.