The U.S. Path to Collapse

[crossbow]

Rising gold and silver prices indicate that the U.S. is headed for an explosion in budget deficits that will rise far beyond what it can pay for through borrowing. Leading Chinese economists are now calling Japanese debt less risky than U.S. debt and with the Japanese savings rate in decline, the U.S. will soon have nobody left to borrow from. The only option will be monetization and already the Federal Reserve is getting ready to buy $10 billion to $30 billion per month in U.S. treasuries to keep its balance sheet at inflated levels.

There are now 50 million Americans on Medicaid, with annual Medicaid costs rising 36% over the past two years to $273 billion. The recently enacted health care bill will add 16 million more Americans to Medicaid beginning in 2014, but the U.S. government will likely go bust by then. It is impossible to have an economic recovery when jobless benefits are encouraging Americans to stay unemployed. U.S. unemployment insurance spending has nearly quadrupled since 2007 to $160 billion annually. Even food stamp costs have surged 80% over the past two years to $70 billion annually.

Once Americans get used to receiving and relying on government entitlement programs, it is hard to wean them off of them. NIA has been hearing reports from members with friends who say they will only "come out of retirement" if they can find a job that pays $25 per hour or more, because with anything less it wouldn't be worth losing their jobless and food stamp benefits. Americans expect to receive their jobless benefits forever and we are sure Obama will continue to extend them leading up to the 2012 election.

read more

http://thecomingdepression.blogspot.com/

[bountyhunter69]

nice post crossbow,sad,sad,sad, but oh so tru

[Patriotic Sheepdog]

Here is the full article from NIA (National Inflation Association).

http://inflation.us/pathtocollapse.html

Some interesting reading to say the least. Pass along to your friends. Inflation is already here, but I feel it will be getting worse.

[ishense]

from the entire article: "we are now beginning to produce a documentary about America's upcoming collapse of society"

Speaking of...I've just seen a great documentary directed by Chris Smith called...can you guess..."Collapse". Its based on the work of writer/activist Michael Ruppert, author of Crossing the Rubicon (highly recommended if you're not familiar) and follows off his recent book, also called Collapse, i think. the site for the movie is http://www.collapsemovie.com/

here's the synopsis, which honestly, i read after seeing the film and they could have written a better synopsis, its better than they make it sound in my opinion

Americans generally like to hear good news. They like to believe that a new president will right old wrongs, that clean energy will replace dirty oil and that fresh thinking will set the economy straight. American pundits tend to restrain their pessimism and hope for the best. But is anyone prepared for the worst?

Meet Michael Ruppert, a different kind of American. A former Los Angeles police officer turned independent reporter, he predicted the current financial crisis in his self-published newsletter, From the Wilderness, at a time when most Wall Street and Washington analysts were still in denial. Director Chris Smith has shown an affinity for outsiders in films like American Movie and The Yes Men. In Collapse, he departs stylistically from his past documentaries by interviewing Ruppert in a format that recalls the work of Errol Morris and Spalding Gray.


Sitting in a room that looks like a bunker, Ruppert recounts his career as a radical thinker and spells out the crises he sees ahead. He draws upon the same news reports and data available to any Internet user, but he applies a unique interpretation. He is especially passionate about the issue of peak oil, the concern raised by scientists since the seventies that the world will eventually run out of fossil fuel. While other experts debate this issue in measured tones, Ruppert doesn't hold back at sounding an alarm, portraying an apocalyptic future. Listening to his rapid flow of opinions, the viewer is likely to question some of the rhetoric as paranoid or deluded, and to sway back and forth on what to make of the extremism. Smith lets viewers form their own judgments.


Collapse also serves as a portrait of a loner. Over the years, Ruppert has stood up for what he believes in despite fierce opposition. He candidly describes the sacrifices and motivators in his life. While other observers analyze details of the economic crisis, Ruppert views it as symptomatic of nothing less than the collapse of industrial civilization itself.


Thom Powers

Toronto International Film Festival

[monkeybird]

The Federal Reserve voted to use their mortgage securities to purchase treasury bonds. i.e. we are using fiat paper money to purchase government debt. It's like using one credit card to pay to debt on another credit card!

While the Feds act like this is no big deal, it is a BIG DEAL!

The only answer to what troubles our economy demands severe sacrifice from every American. I don't think our society has the character to do so.

[eeyore]

This is a very interesting clip (from youtube) The movie Collaspe should be interesting, i'm not there i have to admit. It is only 44 seconds, worth watching