The Arrogance Of A Generation...it is time for the children to revolt
In the United States, for 30 years we have been borrowing more and more money to fuel a system where we each labored for each other. As we borrowed more, we payed ourselves more...some saved more...others went into more debt.
... The assumption of the entire system was we could keep borrowing....and we did. In 1980 we started with only $5 trillion of TOTAL debt....today it is over $50 Trillion and government owes us another $50 trillion that it can never pay based on current tax receipts....unless we borrow even more.
Now, instead of us borrowing personally to drive this system, we are borrowing publicly...which is legally and morally borrowing against our children's future production....which is basically theft/fraud knowing they can't pay it back.
To compound the problem for ourselves and our children, technology is replacing the need for us to service each other as much....and the ability for us to get jobs. Consequently our system of borrowing, based on jobs, is collapsing right before our eyes, yet many of us look the other way.
Soon we will ALL be forced to look....the only question now is when and what will be the trigger?
The three most likely situations will be a very large conflict, economic collapse, or a combination of both. But remember, it is not the end of the world, simply the end of an unsustainable economic model...and if we act PROactively...we can avoid much of the distress.
Up to two million set to strike
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