We Will ALL Soon Be Broke
Due to the Federal Reserve's Zombulation policies, tax receipts to the U.S. government has dropped to about $2 trillion per year....however, due to an ever expanding government, annual spend is over $4 trillion per year resulting a a deficit of about $2 trillion dollars.
About one trillion of those dollars are spent on about 100,000,000 Americans on Welfare, Unemployment, Food Stamps etc dependent on the government for income.....
But for that spend, America would have lines miles long of citizens begging for food. A scene much more severe than the pictures we are used to seeing from The Depression era when no such social safety net existed.
However, up until the past few months, America was able to generate enough income to support is government.....BUT NOT ANY MORE. And revenues are declining further as swap induced excessive debt is suffocating the earnings out of America.
If we don't reverse this path to devastion very soon, few around the world will accept our currency. As a nation no longer earning much in the way of profits, foreign countries will no longer feel it necessary to accept our currency. Other nations can just as easily print local currency and hand it over to their own citizens for their use.....soon the American dollar will no longer be respected as no nation has ever been allowed to simply print unlimited amounts of money without an economy to support it.
You say we have a $13 or $14 trillion dollar economy. NOT SO FAST. Much of our current economy is simply a product of government spend and citizens borrowing money they don't have. Once you back out government spend and private borrowing, you will quickly realize we really don't have much of an economy.
Time is running out.....we as a nation must deal with this issue of counterfeiting our nation's currency or our currency will be worthless very very soon.
This is no joke Fools.
It should not be too much longer now if we continue down the same path....9.09 could be the time....if not sooner.