Old man’s prediction of the US future JUNE 19, 2013
Essentially we have passed the point of no return. We are taking a HUGE portion of this nation’s income just to service the interest on the debt we’ve already incurred. Yes, rates are very low, but imagine if you had a $17 trillion credit card bill! Even with rates as low as they can be, the United States spent $133,728,304,681.78 just on interest last year! Most of that interest in simply compounded, added to the debt number and borrowed against. So debt WILL keep growing regardless of gun control, debt ceilings, fiscal cliffs, political discord, banking fraud or literally anything else.
Here’s where we’re going:
2013 US Debt = 17T | Gold = $1,875/oz. | Gas = $4.50/gallon
2014 US Debt = 18.8T | Gold = $2,200/oz. | Gas = $5.00/gallon
2015 US Debt = 21T | Gold = $2,600/oz. | Gas = $6.00/gallon
2016 US Debt = 22.7T | Gold = $3,100/oz. | Gas = $6.75/gallon
2017 US Debt = 25.5T | Gold = $3,575/oz. | Gas = $7.50/gallon
2018 US Debt = 28T | Gold = $3,800/oz. | Gas = $9.00/gallon
There is no choice but to raise the debt ceiling. And debt is a self-imploding monster with a set path. The only question is not if but when the DEBT-BOMB explodes. Raising the debt ceiling (or not raising the debt ceiling) has no effect on spending. Raising the ceiling simply allows the Treasury to pay for spending that congress has already approved. The bottom line is, debt cannot be reduced, period. We don’t pay the compounding interest on our debt; we borrow more money and add it back into the deficit.
Yes, The Land of The Free is set to impose gun rights restrictions. I would argue, much more importantly, no one is talking about fiscal restrictions or central bank control. The United States Government constantly teeters on the verge of defaulting on its mountain of debt. The German Central Bank has announced that they will withdraw their massive gold holdings from the United States and repatriate it in an unprecedented move that clearly indicates central banks around the world don’t trust each other – and specifically don’t trust the US Federal Reserve or The US Treasury, both of whom have refused to allow gold audits for years.
The Fed debases your currency on a daily basis to steal wealth through an unfair and unconstitutional taxation called inflation. Central banks are the monetary cornerstone of an essentially Communist system. Gun rights may indeed be worth fighting over, but even without gun control, you’re already being subjugated by your own government and The Fed now. A gun isn’t going to protect you from current monetary tyranny or keep you from having your wealth robbed by a collection of sociopaths that have taken over our political, financial and economic systems.
Now for all you die hard that feel I am always wrong, let’s take my record of what I said when I started back in 2005. All this is on the World Wide Web (www) so was a while to dig up. Here’s what I stated as well as I was off a few months but not by much. Think about it!
Debt, Gold and Gas since 2005:
2005 US Debt = 7.6T | Gold = $430/oz. | Gas = $1.82/gallon
2006 US Debt = 8.1T | Gold = $520/oz. | Gas = $2.28/gallon
2007 US Debt = 8.7T | Gold = $635/oz. | Gas = $2.40/gallon
2008 US Debt = 10.7T | Gold = $875/oz. | Gas = $2.90/gallon
2009 US Debt = 10.6T | Gold = $855/oz. | Gas = $1.90/gallon
2010 US Debt = 12.3T | Gold = $1,100/oz. | Gas = $2.80/gallon
2011 US Debt = 14T | Gold = $1,360/oz. | Gas = $3.15/gallon
2012 US Debt = 15.2T | Gold = $1,545/oz. | Gas = $3.40/gallon
May be old but still know how to count better than most as well as listen to the foolish news reports given to all you sheep daily by local as well as cable news. Those news casts would never be in busines if they had to tell the truth because of this government and their greed of wanting to make all that useless money printed daily by the fed’s that is not even Federal, let alone even legal. But, then this is the first of having a president that also is not legal. But, as long as he can dish out all that free $50.00 a month rent for housing as well as $200.00 a month per person food stamps, then all the low life scum lazy sheep will allow the fall of the middle class then finally. Do I say it. Dictator run Amerika!