Happy tax day. I wonder if you think about signing your name on the dotted line so you incriminate yourself if you forgot to disclose something. What is tax day anyways? A game of memory?
You know, one day soon, you will stick your little debit card in a machine and nothing will come out. Want to know why?
If you think the government is “taking care” of you, the poor, disabled, and elderly, you are sadly mistaken and I will tell you why.
America holds the worlds reserve currency and is de-valuing it on a daily basis. To the amount of $16 Billion a week. This is why fuel and food prices are rising world wide. Rising fuel prices also hits the economy creating unemployment. Much of the instability you see in the middle east is for this very reason, Food Prices up dramatically in the last year alone. They will continue to rise and there will be nothing anyone will be able to do about it – they are hurting the poor the most.
Monetizing currency creates inflation which causes fuel prices to rise which in turn adds more inflation. Seeing as how we refuse to drill for our own natural energy, they will increase even more. This situation alone is a spiraling, China will not be able to afford our debt, and the bond market will collapse as we are way past endgame now. The shelves will be bare, fuel will be too expensive to drive to the store, and you will hold worthless currency. Right in time for a wheat shortage.
The fundamental problem at the forefront is you cannot monetize production, you cannot “control” it, and you may not spend monitized currency to keep it. For with dropping revenue, you may not even support a months worth of work.
Government does no good at keeping your basic necessities available and affordable but they sure are good at making new complex programs and bankrupting them.
The US government now takes and wastes more money than Americans could ever produce. The federal government now must borrow money just to operate basic services. This will end one day very soon. The narrative in the nations capitol is you belong to them. They regulate every aspect of your being and may take anything they want from you.
When government is more important than your Family, their property, their education, and Liberty, than America is no longer a free Republic. It is now indentured servitude. Government is so very hard to remove from your life – It will take everything from you.
Every federal government program is a draconian throwback to the past with no imagination or efficiency. The US federal government has become a parasite accountable only to hucksters, scammers, suckers, and baiters. It is pwned by the unions and government workers. Government takes care of government.
You have elected yourselves a very dense King that maintains foolish and childish notions of equality. He is unable to even do 8th grade math. This country could collapse under his term, as it should. After-all, 1+1= 13. Right?
All of your collegiate studies will mean nothing in a collapsed economy. What will be is very basic humanity in turmolt. I mean really? whats the use? As one economist put it during the $33 Billion spending cut fiasco “It’s like watching them squabble over who is going to pay for the drinks on the Titanic”
You have less than a year to correct course of this “unsinkable” ship or the USA will collapse, and is already taking the World with it.
References I have read to back up this posting:
The Productivity Myth – The Conversation – Harvard Business Review
May’s Big Selloff Could Be Just the Beginning – WSJ.com
moving to macau
A Mind-Changing Page – Thomas Sowell on National Review Online
Greenspan Says U.S. May Soon Reach Borrowing Limit
The euro’s inevitable failure will be horrendous for all of us – Telegraph
Allan Meltzer: Why Obamanomics Has Failed – WSJ.com
Dollar Plunges After UN Call To Ditch Greenback
Re: Homes and Other Black Holes – Jonah Goldberg – The Corner on National Review Online
Calculated Risk: Sovereign Debt Series Summary
RealClearPolitics – Where Are the New Jobs?
Arnold Schwarzenegger: Public Pensions and Our Fiscal Future – WSJ.com
Examiner Editorial: Think the economy is bad? Worse is coming | Washington Examiner
Exchequer – National Review Online
More Arguments against a Value-Added Tax | Cato @ Liberty
Not Enough Labor Day – Reason Magazine
5-doomsday-scenarios-for-the-us-economy: Personal Finance News from Yahoo! Finance
EU Effectively Forces Securitization Reforms on the US « naked capitalism
Government unions sucking us dry–Stephen B. Meister – NYPOST.com
FT.com / Columnists / Clive Crook – America has good reason to worry about Greece
RealClearPolitics – Articles – Print Article
Ed Driscoll » Liberal Fascism: The Font
Hot Air » Study finds increased gov’t spending results in unemployment
US money supply plunges at 1930s pace as Obama eyes fresh stimulus – Telegraph
U.S.’s $13 Trillion Debt Poised to Overtake GDP: Chart of Day – Bloomberg
TaxProf Blog: Laffer: The Coming Tax Hikes Will Cause an Economic Collapse in 2011
From the oil spill to the financial crisis, why we don’t plan for the worst
Gerald P. O’Driscoll: Why Government Regulation Fails – WSJ.com
The 2001/2003 Tax Cuts: Myth vs. Reality – Brian Riedl – The Corner on National Review Online
Roger’s Rules » No Representation Without Taxation
Double-Dip Recession Fears Putting Scare Back in Market – Yahoo! Finance
Private Sector Losses vs. Public Sector Gains – Veronique de Rugy – The Corner on National Review Online
Map: Where Americans Are Moving – Forbes.com
Hot Air » Joint Chiefs chair says debt is the greatest threat to national security
Foreign Central Banks Going for the Gold – Hit & Run : Reason Magazine
Indebtedness after the financial crisis: World debt | The Economist
Obama Rattles Business
The Keynesian Dead End
TaxProf Blog: CBPP: Concentration of Income Among Top 1% Is Greatest Since 1928
Growth only way to avoid U.S. economic collapse | Analysis & Opinion |
Initial Unemployment Claims Getting Uglier « Innocent Bystanders
Newsalert: The Scariest Job Chart Ever Gets Uglier
How Americans Are Overtaxed to Overpay the Civil Service | The Heritage Foundation
Hot Air » How many people have left the workforce?
Spending Can Be Cut – Reason Magazine
More on Debt Collection – Business – The Atlantic
The Scariest Unemployment Graph I’ve Seen Yet – Business – The Atlantic
US financial system support up $700 bln in past year-watchdog | Reuters
Professional Soldiers ® – FORBES: Obama Clueless
States are borrowing more – CNNMoney.com
The Greenroom » A Wealth of Options
Works and Days » A Weird Sort of Depression » Print
In the red
Source: Debt Commission Fights Over Freezing Military Pay, Slashing Benefits | TPMDC
Why business isn’t hiring – ProfessorBainbridge.com
American Thinker: Summer of No Recovery
Little-known fact: Obama’s failed stimulus program cost more than the Iraq war | Washington Examiner
Morgan Stanley Says Government Defaults Inevitable – Bloomberg
Bastiat’s Clunker – The Corner – National Review Online
More Scenes from the Economic Hyperpocalypse – Hit & Run : Reason Magazine
American Thinker: Fools and Their Money
Small Business and Entrepreneurship Council
To the Cayman Islands, With love (and U.S. $’s) | Washington Examiner
Comparing US states with countries: US equivalents | The Economist
America, poised for a hyperinflationary event? – Michael Pollaro – The Contrarian Take – Forbes
Daily Pundit » Jefferson on Debt
Who Inflation Hurts the Most – Yahoo! Finance
Biggest Bond Fund Dumps U.S. Debt – By Kevin D. Williamson – Exchequer – National Review Online
Regulations Are Killing 1.9 Million Jobs – Hit & Run : Reason Magazine
Fark.com | New Scientist helpfully explains how you can cripple a major city for under $30
How much will the EPA’s new fuel economy standards cost each automaker? — Autoblog Green
Sam Kazman: How Washington Ruined Your Washing Machine – WSJ.com
How jobs growth forecast was done – USATODAY.com
An Appeal to Morality [Reader Post] | Flopping Aces
dshort.com – The Q Ratio and Market Valuation
U.S Debt Nears Ceiling, Hits Record $14.217.86 Trillion – Real Time Economics – WSJ
Paul Ryan’s Big, Questionable Cuts – Tim Fernholz – Politics – The Atlantic
An Inflation Tearjerker, Or, Don’t Bother Saving Those Dollars, America; We’ll Just Make More! – Hit & Run : Reason Magazine
Stephen Moore: We’ve Become a Nation of Takers, Not Makers – WSJ.com
CPI: Here Come Collapsing Margins in [Market-Ticker]
When Good Intentions Backfire – By Katrina Trinko – The Corner – National Review Online
The prevalence of corporatism: Jon Chait’s regulatory-capture denialism | The Economist
Downsizing the Federal GovernmentRoger’s Rules » Bollinger & HayekTruth and Consequences | Mercatus
American Thinker: Off-the-Books AmericaHow Government Failure Caused the Great Recession — The American, A Magazine of Ideas
American Thinker: Seeds of Financial Catastrophe
American Thinker: The Four Questions Every Liberal Must Be Asked
American Thinker: Socialism by Other Means
Soon The Economic Deluge – Forbes.com
U.S. on the Way toward Losing AAA Credit Rating – By Kevin D. Williamson – The Corner – National Review Online
Inflation rate headed up? The impact of higher food, energy prices. – CSMonitor.com
American Thinker: Deficit-Inspired National Strategy
House GOP Lists $2.5 Trillion in Spending Cuts – US News and World Report
Suburban Nation: How the U.S. Discourages City Living – Derek Thompson – Business – The Atlantic
When you don’t know how you’ll pay the bill – CSMonitor.com
Our Fiscal Security – Taxes Matter – Loophole Land: Time to Reform Corporate Taxes
The War on Money
05/30 – Regulations
06/09 – Fed Passes China as Top Owner of U.S. Debt -which means….
06/10 – The US is already defaulting: China
Dreary truths, thanks Federal Government.
The five stages of collapse and the end of a dream. See how we used to live, and shall probably again.
06/19/11 – It’s very serious and collapse of complex societies Part 1 of 7
06/20/11 – Salons take on the how is here…
07/06/11 – lessons from Argentina
07/16/11 – More lessons from Argentina. (must read)
How is it going in America? People are hurting.
07/19/11 – Barak Paron.
08/05/11 – Collapse will happen fast.
08/21/11 – United States of Entitlement.
09/18/11 – China may have some plans up it’s sleeve.
09/27/11 – The Middle class it taking it in the neck under this democrat imposed feudalism. And the value of our worthless currency.
09/29/11 – The Savings of Millions of People are Going to Vanish in Less Than 12 Months
17 facts that prove the middle class is hurting.
10/30/11 – The WoodPile report has a good post on hyper-inflation.
11/12/11 – The Government is stock piling food.
11/14/11 – Imagining the Post-Industrial Economy
12/23/11 – Ferfal outlines what to expect very well. It is the immediate future.
12/28/11 – Losing our reserve status and our entire currency.
Filed under: Collapse, Destruction, Economy, Fail, Leadership, systems