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Have you ever really wondered why we are in the mess we are in? What are the real and present dangers?
#1 is debt, both public and private. Because our buying power has been eroded to the point of starvation due to stagnant wages and rising individual productivity, we have less jobs, and more work for the people doing those jobs that we DO have. Therefore, the general population of workers are buying everything on credit, in a never-ending spiral of debt. Most of this debt will never be repaid! People borrowing massive amounts to attend college, only to come away with a nearly useless degree. Most of this debt will never be repaid! At the present, we have a 1.5 trillion dollar student debt load. Most of this debt will never be repaid! As I have said many times before, at this point if someone makes one major mistake, the dominoes will start to fall. We are going further into debt every moment of our lives. In the 1970's we owed about 1 1/2 trillion dollars. Today, we owe 21 trillion dollars and accelerating daily by the billions. Most of this debt will never be repaid! The super rich top10% own nearly 80 to 90 % of all the wealth in this country! How much longer do we have before it collapses again? And the last time will seem like child's play, because you don't have an Obama to get you out of it this time! You've got the Orange One, a fully certifiable nut-job! I am sincerely afraid for the people who have little hope now, much less later. I know this is rather a bleak picture, but someone has to say it. I leave you with a "Cheerio, old chap" "TaTa" and may peace be with you! Comments are closed.
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