United States Facing a Total Financial Collapse
Is the United States facing a total financial collapse in this generation? Is the mighty American dollar about to be crushed by cold economic reality?
The truth may just be a lot more frightening than you ever imagined.
The reality is that any major currency not backed by gold in the history of the world has eventually failed, and the actions currently being taken by the U.S government and the Federal Reserve are speeding up the day when the dollar will totally collapse as well.
Sometimes words are not enough to describe a really bad situation. Hopefully the chart at the top of this article will give you get an idea of what is happening to the dollar. This chart originally comes from the Federal Reserve itself. The chart shows the U.S. monetary base from 1960 until today. From 1960 until about 1980, the amount of currency in circulation was increasing, but it was fairly stable. From 1980 to the middle of this decade, the amount of currency in circulation just exploded, but the worst news is found at the end of the chart.
If you look at what is happening today, the amount of dollars in circulation is absolutely shooting through the roof. At this point, much of the cash which the U.S. government and the Fed have injected into the economy has not yet gotten into the hands of the person on the street, so the U.S. is still experiencing the beginnings of a deflationary depression. But eventually all of the money they have injected will get out there into the general economy.
When that happens, there will be a whole lot more dollars in circulation than before but about the same number of goods and services. Do you know what happens when that situation exists?
The reality is that because of what the U.S. government and the Fed are doing to the dollar, we are going to be facing rip-roaring inflation of a kind that Americans have never known.
And it will effect everyone.
For example, maybe you make good money now, but how far will your paycheck stretch when a loaf of bread costs ten dollars?
Perhaps you have spent decades sticking money in a bank account for retirement. Well, the cold hard truth is that inflation acts like a massive tax. When you wake up and your bank account only buys half of what it could buy the year before, how will you feel?
There is no other way for this current economic situation to play out.
The U.S. government and the Fed decided to spend their way out of this current economic crisis by cranking up the debt spiral one more time and by devaluing the dollar.
So America will see massive inflation – it is just a matter of how soon it will hit and how bad it will be.
What should you do?
Buy what you are going to need (food and supplies) right now while your dollars still have some value. Your dollars are never going to be more valuable than they are right now.
If you are trusting in a big bank account to be your security blanket in the future then you are going to be very disappointed as the dollar crumbles and your riches quickly fade.
You see, the U.S. government has settled on a policy of massivegovernment borrowing and spending to try to turn the economy around.
This policy will have two general effects.
#1) There will be a short-term boost to the U.S. economy. Some analysts will call it a recovery. But this will only last for a while.
#2) The long-term economic problems will be made much worse by all this borrowing. It was all the debt that caused this mess in the first place and now the U.S. government has multiplied the eventual economic disaster that America will face. The dollar is going to drop dramatically in value and inflation is going to fly through the roof.
It took the U.S. many years to get to this point, but instead of learning lessons from the past, the U.S. government has decided that the only economic solution is to press the debt pedal all the way to the floor.
Barack Obama recently had his first budget passed by the Senate, and it is a monster. Obama’s budget was only trimmed down slightly to a whopping 3.5 trillion dollars, and it contains an astonishing $1.2 trillion dollar projected federal deficit that would be the largest in history by far.
The era of big government was definitely back under presidents Bill Clinton and George W. Bush.
Now we are entering the era of REALLY REALLY big government.
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And that is exactly what is happening to the United States government now.
The reality is that the United States is now well over 10 TRILLION dollars in debt.
10,000,000,000,000 dollars in debt!
Will the current generation of Americans ever repay that?
No, the current generation seems determined to go much deeper into debt.
So, that means that Americans are dumping this debt on to their children and their grandchildren and to generations beyond that.
How immoral is that?
What America has done is they have sold their children and grandchildren into economic slavery forever. How would you feel if you were a little child and you discovered that your parents had left you with a debt that you could never, ever repay and that you would be making interest payments on for the rest of your life?
America’s children and grandchildren will ALL be working all of their lives to pay interest on this ridiculous debt. Their labor will go into serving the owners of this debt, and there is no escape.
The goal should be to pass on a better world to America’s children. How immoral is it to pass on such a debt to future generations?
Imagine if your parents came up to you and handed you a million dollar credit card bill that they had racked up and that was now in your name and you had to make payments on for the rest of your life?
America has had the greatest party of all time and has fueled the party on massive amounts of debt, but there is bad news…..
The party is almost over.
The reserves of America’s local banks are gone. The financial institutions have borrowed an insane amount of money from the Federal Reserve this year just to stay afloat. America’s financial system has never experienced a crisis of this magnitude in modern times.
The biggest debt bubble in the history of the world is starting to burst.
For decades Americans have lived like kings and queens…..enjoying the biggest party the world has ever known…..but financed with ever increasing amounts of debt.
Once upon a time, the United States was the biggest creditor in the world. But those days are long gone. Now America is the biggest debtor nation to ever exist on the earth.
America was the richest nation in the world, but that was never enough. Americans always had to have a bigger car, a bigger house and an endless supply of “stuff”. So the American government piled up debt, American companies gorged on debt, and Americans made using credit cards into a national pastime.
If you include the future liabilities that America’s government has already committed to such as future Social Security and Medicare payments, then the total debt of the federal government is over 65 TRILLION dollars.
65 TRILLION dollars!
Now that many of America’s jobs have gone overseas, the price of gasoline is shooting through the roof, and tons of people are losing their homes, do we find that Americans are learning their lesson?
Instead Americans are squeezing everything they can out of their credit cards. Total credit card debt in America is now over 790 billion dollars, and it is increasing at a rate which is four times faster than earlier this decade.
Instead of showing restraint, Americans have jammed the accelerator to the floor.
And did you know that Americans actually have a NEGATIVE savings rate?
Do you know the last time when that happened?
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The Great Depression.
Prices are increasing dramatically while wages are not. Jobs are being outsourced and factories are being closed. America’s largest banks and financial institutions are teetering on the brink of failure. Homes are being foreclosed at record rates. Personal bankruptcies recently hit an all-time high. And what is the answer that the politicians give America? Wasting even more money and getting us into even more debt.
America is truly reaping what they have sowed.
The Scriptures talk about those who would hoard wealth in the last days. Instead of feeding the poor and taking care of those who couldn’t take care of themselves, Americans spent their money on mini-mansions, luxury SUVs and as much entertainment as they could pack into our lives. Now Americans will suffer the consequences just as the Scriptures say in James 5:1-5…..
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15 thoughts on “Ron Paul – United States Facing a Total Financial Collapse in This Generation – Final Prediction, Warning to Americans”
Ron Paul’s dire career predictions as usual do not take into account the possible huge boost Donald Trump will give to the US economy. Don’t underestimate him.
(1) Don’t count your chickens ……
(2) If Trump repatriates $2TRILLION that will be inflationary ………….
(3) If China dumps enough T-bills …..
This mess has been a long time building and with all the Saboteurs in the entrenched “civil service” ……
Yeah, I can’t believe how many people have fallen for the, “Trump is going to save the economy, BS”.
The collapse was cooked into the cake the second central banks lent out the very first dollar with interest. Best to keep on planning for an economic implosion like never seen before in history as it has ALWAYS been only a matter of time.
It’s so sad that such an easy scam was allowed to be set up and that people fall for whole, “Oh, don’t you poor uneducated people worry about any of this because us smart people say it’s all good and we are recovering and we’d explain it all to you but you just wouldn’t understand because it so very, very complicated.” Christ, all anyone has to do is open their damn eyes and look around at how everything is falling apart around them. From infrastructure to businesses big and small it’s all going to the crapper and we are to believe it’s better then ever… WOW!
The real issue as to why they don’t explain it is because it’s so freaking simple a fifth grader can understand it and if people knew the truth there wouldn’t be enough lamp posts in the world.
I like to dumb it waaaaaay down when I explain it to people by simply saying… at the beginning say there was one single dollar and the bank lent you that dollar at one percent interest… where are you going to get the penny? Now multiply that by quadrillions and a higher interest rate… we be phuked and there’s no way around it.
Mike over at whatreallyhappened has his 11th marble analogy that is also a very simple way to explain it to people.
Seriously? Putting air in a tire with a huge leak does not keep it inflated. There’s NOTHING Trump can do to stop an economic crash as the root of it all is a corrupt central banking system that’s had way too much time to destroy everything.
I’ll put it this way. At the beginning there’s one single dollar in the whole world and the bank lends it to you at 1 percent interest… how do you ever pay the 1 cent interest back when it does not and never will exist now multiply that by quadrillions of times and a higher interest rate… starting to see the problem we are facing and even if every single person was working it would NEVER fix the problem?
All Trump can hope to do, realistically, is try to limit the damage and hope for the best.
PAUL KNOWS RICH WASPS & (DUAL-CITIZEN) JEWS OWN THE U.S. THEY’VE INFECTED IT WITH ‘FIVE RAGES’ – RACISM, ARROGANCE, GREED, EGOTISM
THEIR PLAN IS TO WRECK & LOOT U.S. & WORLD ECONOMIES AS WELL AS SECULAR DEMOCRACY (REPUBLICS) USING ROHSCHILD MAFIA FUNDS.
KILLING OPPONENTS IS THE WHITE-ASHKENAZI ISRAELI PLAN.
THEY’LL FORCE THE U.S. INTO CHAOS AS ITS TOO STUPID TO AVOID IT.
RUSSIA & CHINA MAY COME SAVE THE REPUBLIC KILLING THE NEOCONS.
NATO WILL WITHER & DIE. THERE WILL THEN BE PEACE.
With Trump, we have some hope but I am not sure if the underlining problem will be solved under the current system. I have developed new social, financial, political system that I believe is the solution for the problem we are facing today, worldwide. It will turn the concept of money upside down. It will prepare humanity for the future society where AI will take away most of the job. Please visit Hanomy.com and download/review/share Hanomy Manifesto … make it goes viral … maybe we will have true solution for all. Thank you.
Our world and our future depends on the ability to recognize
and accept man’s mistakes…to comprehend humanity’s
true situation, how we arrived at it, and what we can
do to amend our destructive path. A rapidly growing number
of people are not only able to digest our impending realities
but are intensely seeking viable strategies to avert foreseeable
and alarming consequences. Hanomy is a calculated strategy,
if not solution, to our exploited social, financial, and
political systems currently driven by greed and power.
It provides basic human needs without condition. It observes
basic human rights and allows people to experience life
according to their views. It gives authority of money
creation back to the people, ensures advanced technology
serves all of humanity, and instills long lasting peace,
prosperity, and harmony around the world.
Highlights of Hanomy:
• Fundamental human needs met throughout life’s existence
• Basic human rights observed everywhere
• Sovereign debts worldwide are settled and eliminated
• Upheld liberty and freedom
• Financial contributions drawn from a portion of idle/unutilized money
• No taxes on income, profit or spending
• Interest charges and usury practices abolished
• Power of money creation where it belongs – the people
• An end to the fractional reserve system
• Upheld free market principles (true capitalism but with social responsibility)
• Decreased or dissolved inflation and hyperinflation
• Reduced income inequality
• An end to corporate welfare
• Advanced technology benefiting humanity
• Freedom of time for quality of life and caregiving
• Prohibited conditions for authoritarianism
• Preserved sovereignty and respected borders
• An end to “modern day slavery” (this includes you)
• Improved care of the environment and world resources
• A world we’re proud to claim and pass along
It’s a start but unfortunately people balk at any real solution because regardless how we do it ALL money and debt NEEDS to be completely wiped out and we need to start from scratch.
The best system would have absolutely no so-called money involved in it at all and would strive to make sure everyone has their basic needs met. We have been brainwashed into thinking we NEED to make more and more money and we NEED to buy, buy, buy to get ahead in the world.
A world where no one ever went to bed hungry and no one was killed in a needless war would be a true advancement of mankind but I am not going to hold my breath as it would take something like what the Georgia guild stones talk about for it to happen. This system has had way too much time to spread and infect every little aspect of humanity.
FreddyB Thank you for your comment. Hanomy is stll working with MONEY but it turns the way it is deployed upside down. Please read the document in full, 112 pages. You will understand how this would work. BasicHuman Needs and Rights will be met. National debts will be wiped out. People will be in their best interest to pay off what is owed the soonest they can, lender would prefer the payment at later date as possible. There is no interest charges anymore. In layman term, I call it “Hot Potato Effect” but in Hanomy it is called “Wisate Effect”. I wrote this Hanomy and I find that the hardest part is to spread the word. There are so many people who think that it is impossible to change the way things are. Well, there have been many impossible things human have now accomplished. I am just one person who thinks out of the box and wants to spread what I believe is the solution so people can start “think out the box” …. seeing the possibility. Steps to implement Hanomy are in the document. I have been praised on this document and number wise, it works. What I need now is people to know about Hanomy, spread the word, talk it out everywhere …. then it can become a worldwide movement. Then it will have a chance to be implemented. Again, thank you for your comment.
One more thing about Hanomy … (you will find this when you read the document) … money will play less and less role as Hanomy progress because 1) the technology and knowledge we will have 2) people will start working on things they enjoy without caring much about compensation … they want to be a part of something and pass along their work. It may sound too far out but it is really not. People behavior will not be centered around money but achievements and recognition. I think of Hanomy is the system before utopia society. I can’t put 112 pages in a paragraph or two, so you have to read it. I think it will be well worth your time. Currently there are two radio shows are expressing interest in having interview. Maybe soon I will find the spark I have been looking for. English is not my mother language, so I am a little nervous.
This article is REALLY old…
All of the usual claims for the “benefits” of a “cashless society” may be true, but there’s one benefit (for the government and bankers) that no one is talking about: A pure-digital currency supply eliminates all of the historical logistics problems of a hyperinflation event. No paper or ink shortages for printing money, and no distribution problems for the vast quantities of new currency units. Keystroke. Mouseclick. Done.
For a longer view of how we got here and where we’re going if we don’t stop it, you can’t beat Judge Anna Von Reitz. See:
The Trading Companies, or, Stop Being Stupid Part 13
Fast Forward, or, Stop Being Stupid Part 14
This ain’t my debt; I never got one penny of it, and I owe nothing.
I remember back when I was a kid my grandfather talking about how the economy was dead and it just didn’t know it yet… this was in the 70’s. I remember having to look up the word ponzi after the talk. He also said we are poisoning the land with chemicals and will pay a hefty price in the future.
I really miss my talks with the wise old man and can imagine what he’d be saying now if he were still around.
thats why todo my dinero is under the matress but it is so lumpy of welll i will not run out of cash