The Ultimate Alstry Question
What happens to a nation when its citizens can no longer service its bankers and government?
For over 200 years, we Americans dutifully worked hard and earned enough to support our families and our nation.
Right now, our governments collectively spend about $6.5 Trillion dollars per year. That is about $20,000 for every man, woman, and child in our nation. It is that spend that keeps tens of millions employed, tens of millions on social security, tens of millions on welfare and food stamps, and millions on unemployment. It is that spend that drives trillions into our health care system and defense budgets.
It is that spend that is now the key driver of our economy.
The problem is our citizens don't earn anywhere close to $20,000 per person.....and now that our corporate profits have evaporated and real estate values have crashed....on a value adjusted basis, government will be lucky to generate $3 Trillion dollars next year leaving a $3.5 Trillion dollar deficit or over $10,000 per person per year.
There is no way our nation can sustain that kind of spend for any length of time....further, as it borrows more, the liklihood of foreigners supporting debt decreases potentially forcing our interest rates beyond rationality....especially now that many of our municipalities, schools and hospitals can't even sustain their current debt.
Currently we have a government wrong sized to credit bubble receipts.......with the bankers pulling credit, tax revenues are evaporating and our nation is socially and mentally unprepared for the change.
We are currently slashing jobs and wages, firing police officers and fire fighters, and releasing prisoners from jail to compensate. There are very few jobs available for anyone and cost of living is relatively expensive. Social stress is rising and government is providing very few solutions.....such as restructuring debt.
The ultimate question is when government needs money and only a few of its citizens are capable of giving......does government take all of its citizens money to maintain its soverignty or does government contract/collapse?
What do you think your politicans and bankers are going to demand now that we can't service them? They already made filing bankruptcy harder, raised interest rates, raised taxes and while we bailed them out with free money and sent in more and more taxes.
Remember, weren't they supposed to work for us? What happened?