Posted by
The INFORMER (Cokie907@yahoo.com) on Monday, October 26, 2009 7:42:03 PM
One of my "Meat and Potatoes Loyalists" sent me this link to the "U.S. Debt Clock" and I lost track of time while staring at it for a full 10 minutes. I was mesmerized by the massive array of financial statitistics ticking their way inexorably higher and higher. Out of control!
So, grab yourself an adult beverage (mixed as strong as you can stand it) and have a gander at this tasty little treat. It will amaze you and will make you think a second time about the massive hole this country's VOTERS have dug over the past 70 years. Notice I didn't say the past 8 years (Bush 43) or the past 30 years, etc. The foundation for these financial problems was "dug and poured" during the era of that great, lionized socialist hero of the left: Franklin Delano Roosevelt. Think about him and LBJ when you look down at the bottom right hand corner and see "UNFUNDED LIABILITIES' of 105 TRILLION dollars.
Some provocative and scary Meat and Potatoes Blog predictions from past blogs before you view the U.S. Debt Clock:
1) We will NEVER repay our debt to China and other countries. We will DEFAULT on that debt either by a declaration of bankruptcy or by paying China back with printed "funny money" i.e. worthless currency. In effect, doing that would be a "de-facto default" anyways.
2) We will not get our budget and entitlement disaster in order until a financial calamity of frightening magnitude occurs. This could involve our country being taken over financially or even militarily by a foreign power, maybe China....who knows.
3) The US dollar WILL collapse at some point in the future, of this I am certain. At that point, the country will have no choice but to redefine our currency and start off at some new, arbitrary point with a "NEW" dollar. Or join a global currency where we trade our US dollars for a lesser amount of theirs. Either way, the savers in our society will be harshly punished unless WE get out of the US dollar.
Look at California, the state is bankrupt. There has always been a saying "As California goes, so goes the rest of America." This axiom could not find greater truth than it does in today's America in decline.