“What is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom.” – Adam Smith, “The Wealth Of Nations,” 1776.
So – who pays for it all? Who provides the blank check? The producers, who else? Money does not grow on trees, despite what our “leaders” seem to think – if they think at all. And don’t kid yourself about how it’s only the “rich” who will pay for this: there simply aren’t enough rich people in this country to fund a $14 trillion bill.
With a current population of 308 million, the national debt now exceeds $40,000 per capita; when the debt ceiling gets raised again in the next couple of months, that figure will jump to over $45,000 for every man, woman and child in America.
This, I submit, is an absolute looting spree, happening right before our eyes – and, as such, it constitutes the hugest heist in all of human history. It is nothing less than an irrational, amoral, legalized, politically-motivated plundering of the productive assets of the United States, with no thought or reason given to the consequences, of which there can only be one: total, terminal economic dissolution and disintegration.
And what can we expect from such a collapse? Social catastrophe, martial law and the final destruction of the American Republic. What did Rome get when she fell, devastated by taxes and control? The barbarians and the Dark Ages. What did Germany’s Weimar Republic get when she was shattered by hyperinflation? Adolph Hitler and the Nazis.
Thursday, January 7, 2010
National Debt Could Bring Social Collapse
From Thebulletin.us
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