Tag Archives: collapse
The U.S. government’s entitlement spending is currently making Americans dependent on government. We are all witness of how the unemployment rates in the U.S has soared this past few years. Americans who have become dependent on unemployment checks and food stamps will likely soon abruptly find out that they must begin to fend for themselves without any help from the government. The result will be many Americans turning into wild animals and becoming so desperate that they will have to rob and burglarize their fellow neighbors who were smart enough to prepare, or else they will risk starving to death.
As a result of QE2, the Federal Reserve is now buying 70% of U.S. treasuries, up from previously only buying 10% of treasury bonds. Foreign central banks are now buying just 30% of U.S. treasuries, compared to previously buying 50% of treasury bonds. The U.S. budget deficit in the month of February reached a record $222.5 billion or $2.67 trillion on an annualized basis.
With the Federal Reserve now monetizing our debt in full swing, a complete and total loss of confidence in the U.S. dollar could be imminent. Just like how nobody in the mainstream media was calling for the collapse of Egypt’s government a few months ago, almost nobody in the media believes a collapse of the U.S. dollar could possibly take place anytime soon.