Flash posted this on another thread. I go back and forth between thinking, as the author does, that there will be a complete crash at some point, or whether there will simply be a slow slide towards a complete Totalitarian State with most living a NeoFeudal life of debt and taxes. At the moment I’m leaning towards the Totalitarian State.
http://capitalisteric.wordpress.com/2013/02/07/the-30000-foot-view-of-whats-coming/
In today’s world of instant news, “spin” from MSM and their shills, and the constant struggle to make a living in a declining economy, it’s difficult to understand the big picture. This essay is an attempt to bring the latest news into a single coherent essay, and share what I see happening… and what it means.
As a result of the Newtown School shootings, big-government elites have been hammering HARD for their version of gun control- which is really “victim disarmament.” Indeed, the push has been more aggressive and contentious than anything I’ve ever seen. The obvious goal of our government (as the NDAA and NDRP amply demonstrate) is complete and total control of the population, and elimination of any possibility of armed resistance to their hidden agenda. Oh, we know the agenda is power, but we don’t know the details of why, when or where… or do we?
There are plenty of official proclamations as to how much debt the USA has-$16 Trillion.
But the unofficial debt, using Generally Accepted Accounting Principles (GAAP) now stands at $238 Trillion. Against an annual GDP of approximately $16 Trillion, that means that every dollar of value created by goods and services for the next 15 years is already spent. And that number, by the way, is in today’s dollars.
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