The U.S. National Debt is Completely Out of Control. Oh Well?
The U.S. National Debt recently blew past the $22 trillion mark, to the shock and amazement of…
Almost no one.
Although there remains a minority of individuals who are concerned about the exploding debt level, they are a shrinking minority, as more and more people are simply content to drift into blissful ignorance, disregarding the alarm bells going off all around us.
To many, especially the millennial and younger generations, the creation of money is just as mysterious as electricity or the internet. It simply is, and it has always been.
Too few now remember when honest money reigned and governments were forced to be fiscally responsible due to the checks and balances that the gold standard placed on them.
Sadly, $22 trillion is just the start, as the unfunded liabilities that the United States now owes stands at a truly ghastly number, $122 trillion.
And the U.S. isn’t alone. Countless “established” countries around the world find themselves deeply in debt, with no chance of ever “digging” themselves out.
For years, I have pointed out these increasing debt levels. For years, I and many others have been ignored. And sadly, I fear that we have now crossed the Rubicon and there is no going back.
What cannot be repaid will not be repaid. Remember these words.
This is the reality we now live in: a world where debt levels, at least in the short term, simply do not matter… until they do.
We are in one massive shell game, and those playing the game know that it is rigged, but have no choice but to continue with their participation.
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