Thursday, November 26, 2015

The Debts Of The US A Dead Nation Owned by China

The real debts of the United States are over 222 trillion, an estimate made by economist Larry Kotlikoff in his extensive research that has outlined accounting and clerical errors. The National Debt of the nation does not include the entire debts, which include: prescription drug debts (over 19 trillion and counting), Medicare (79 trillion and counting), Medicaid, National Healthcare Unfunded Liability (9 trillion and counting).

Americans are obligated to pay over 1 million per person to fund these debts that have been created by the Federal Government and a society living well beyond its means.  The straw that breaks the camels back is just looming in the near future.

While the US is bankrupt, China is taking over by buying real assets in the form of real estate, and corporations. The US, meanwhile, continues to buy Chinese products on the credit card of the nation, which is well over the limit.  The strategy has been to raise the debt ceiling and fund bad debt with more debt.  Basically selling off the nation on the cheap.  


The answer to the bubble of 2008, has been QE on top of QE, and zero percent interest rates to flood money into an illiquid and dead system.  What I see here is a dead nation, with a pulse rate that has went to zero, and stayed at zero going into 2016 now.  A nation basically on critical life support, with no other answer than adding more debt to fund the past debt.  Some call this financial phenomenon "QE infinity".  The US economy is in intensive care, with vultures coming in and picking off what meat is left.




But hey what's a trillion here, or a trillion there, they can just print it up right?


Every dollar they print up leads to your debt slavery, because the debt is funded by more debt, in a continual debt spiral that has been spinning out of control since the Nixon era.

Neal Vanderstelt - Author of Economics Theories, Self-help, and Conspiracies.  Find me here on Amazon.

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