http://rightcoastconservative.blogspot.com/2012/05/real-us-debt-is-70-trillion-with.html
Anyone aware of the US Government's real financial situation knows that time is running out. The Government has $15.5 trillion in admitted debts but those debts, when calculated under Generally Accepted Accounting Principles (GAAP), or 'honest accounting', is over $70 trillion. $70 trillion divided by 300 million+ Americans works out to $233,000 per person in US Federal Government debt and obligations. Or nearly $1 million per family of four.
This debt plus an economy that has been completely hollowed out by the Federal Reserve system ensures that there is no way the US Government can ever pay off this debt. And, everyone knows it.
The indications that the US Government is moving very quickly to enact any legal measure or fine against Americans and to make it nearly impossible for any American to escape payment to pay for their sins are everywhere.
We recently commented on how It Is now Easier to Enter the US Than It Is To Leave. Customs agents and cash sniffing dogs stand on guard at most international US airports checking to make sure no one has more than $10,000 in cash without declaring it. The standard response to this is: "They are only making it difficult for criminals to move about and to transfer money".
Well, the problem is, the US Government is moving very quickly to make it so almost everyone is seen as a criminal in the eyes of the US legal system.
What are we going to do? Buy gold?
Replies
I agree working with each other to creat access for eveyone to markets but competition keeps goods and services at high quality for lower prices. Setting prices and controlling markets from a centralized gov does not work for the majority -