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Very Real Danger of Collapse Could Be So Severe I Don't Think Our Civilization Could Survive It

Very Real Danger of Collapse Could Be So Severe I Don't Think Our Civilization Could Survive It

Mac Slavo
July 17th, 2012

The single most important factor responsible for fueling the last several decades of economic growth has been credit expansion. Whether it’s central banks lending money to large financial institutions, or private banks dispersing funds to businesses and individuals, our lifestyles simply would not have been made possible without it – builders couldn’t build homes, manufacturers couldn’t acquire raw materials, and consumers wouldn’t be able to consume. Living in a country whose currency happens to be the reserve trade instrument for the entire globe has had its benefits. We’ve built huge homes, enjoyed healthy diets, taken luxurious vacations; we’ve even exported menial jobs that no civilized members of society would ever engage in to third world labor camps.

In the process we’ve expanded our national debt to unprecedented levels, with some estimates suggesting that our total liabilities and commitments are approaching nearly $200 trillion in the next twenty five years.

By all accounts, we live in a system built on nothing more than a promise to repay what we’ve borrowed. This reverse trickle-down economics has left everyone bloated with debt, including the government as a whole, as well as the individual American who has bought his house, car, furnishings and overall lifestyle by taking on insurmountable levels of debt.

Read more: http://www.shtfplan.com/headline-news/very-real-danger-of-co...

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No one in congress or running

No one in congress or running for president seems to listen to Ron Paul and his easy fix to quickly reduce the national debt and balance the budget. CLOSE the majority of our international bases in sovereign countries that don't want us there!!!! Unfortunately this will never happen because our Military Industrial Complex has too big of an ego.

fireant's picture

Ego? It's more "Complex" than that.

Start with jobs. Every military contract is jobs in someone's district. The people are as much a part of MIC as the other players.

Undo what Wilson did

Exactly...and no politician

Exactly...and no politician (except a very few) has the huevos to stand up and do the right (hard) thing, they are not willing to educate their constituancy and tell them, this is gonna hurt in the short term, but we gotta do it, to save this country FOR YOUR KIDS. They would rather wait for a collapse so they can say they were not (directly) at fault.

A dispicable lot they are indeed.

If my need to be RIGHT is greater than my desire for TRUTH, then I will not recognize it when it arrives ~ Libertybelle

One important point missed...

Since the massive sovereign debt is based on digital money it could be deleted without any real harm to the banksters.

Oh they would certainly use the "crisis" to extract more subservance from the political ruling class and their wards (us).

But they would then heroically wipe the slate clean and start the bondage all over again.

They really don't lose anything. They've already used stolen wealth to acquire real assets. They will be just fine.

And all those thoughts dreams about abolishing central banks will be swept away and be mocked as the new "anti-American", "anti-patriotic" thinking.

Fast approaching the tipping point...

I agree, if we don't do something drastic, we are going down the tubes. Please check out my new post about organizing a 10 MILLION MAN MARCH FOR LIBERTY, as a solution to take back our nation. Thanks.