A New Kind Of Civil War Brewing
50,000,000 Government workers....government sponsored health care workers....and Wall Street financed workers are getting paychecks because they or their employers are borrowing about $3 trillion dollars per year from our pension/retirement/investment accounts for basically free through the issuance of treasuries, municipal bonds, and corporate bonds.
NOT BECAUSE A SUFFICIENT AMOUNT OF TAX RECEIPTS/REVENUES ARE BEING GENERATED TO PAY THEM.
However, while the above are borrowing for free and getting generous salaries....the private sector is being cut off from credit and facing much higher interest rates.
As a result, the private economy is in a MASSIVE depression as construction has come to a grinding halt (down about 80%), bankrupticies are skyrocketing, and un/underdemployment is now over 20% and climbing.
One begins to wonder why government workers even get a paycheck when their employer must borrow money from the public's retirement accounts to pay them yet private workers must lose jobs and potentially go bankrupt.
Why can't private workers/employers also borrow for free in a similar fashion? It is easy to see anger rising as more and more figure out what is going on.
What will the trigger be????? That is an easy one, if a distraction is not created first......once the public learns that its investment/retirement/pension accounts are simply accumulations of toxic debt and essentially worthless instruments to pay public and public financed workers....the reaction could be interesting.