{"id":45174,"date":"2019-04-08T18:08:24","date_gmt":"2019-04-08T23:08:24","guid":{"rendered":"https:\/\/olduvai.ca\/?p=45174"},"modified":"2019-04-08T18:08:27","modified_gmt":"2019-04-08T23:08:27","slug":"four-ways-that-uncle-sam-will-respond-to-its-75-trillion-insolvency","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=45174","title":{"rendered":"Four ways that Uncle Sam will respond to its $75 trillion insolvency"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn.sovereignman.com\/wp-content\/uploads\/2019\/04\/Money-in-Uncle-Sam-had.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.sovereignman.com\/category\/trends\/\"><\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.sovereignman.com\/trends\/four-ways-that-uncle-sam-will-respond-to-its-75-trillion-insolvency-24879\/\">Four ways that Uncle Sam will respond to its $75 trillion insolvency<\/a><\/h3>\n\n\n\n<p>Last week I told you that the US government recently reported&nbsp;<a href=\"https:\/\/www.sovereignman.com\/trends\/us-governments-net-worth-is-now-negative-75-trillion-24868\/\" target=\"_blank\" rel=\"noreferrer noopener\">a negative net worth of MINUS $75 TRILLION<\/a>.<\/p>\n\n\n\n<p>That\u2019s not a type-o. According to the Treasury Department\u2019s annual financial report for Fiscal Year 2018 (which they just published last week), the US government is hopelessly bankrupt.<\/p>\n\n\n\n<p>Now, I\u2019m not talking about this trying to stoke fear and panic.<\/p>\n\n\n\n<p>Quite the opposite\u2013 I\u2019m hoping that this conversation results in calm optimism. But the point is that it\u2019s an important conversation to have\u2026 because a number as large as $75 trillion absolutely has consequences.<\/p>\n\n\n\n<p><strong>Did you know?&nbsp;<\/strong>You can receive all our actionable articles straight to your email inbox&#8230;&nbsp;<a href=\"https:\/\/www.sovereignman.com\/resources\/perfect-plan-b-guide\/\">Click here to signup for our&nbsp;<em>Notes from the Field<\/em>&nbsp;newsletter<\/a>.<\/p>\n\n\n\n<p>To believe that any nation can be so desperately insolvent without suffering any negative impact is just plain foolish.<\/p>\n\n\n\n<p>Debts have to be paid. Obligations have to be met. So at some point, with numbers these gruesome, something has to break down.<\/p>\n\n\n\n<p>This is not a dire prediction or wild conspiracy theory. It\u2019s an arithmetic certainty.<\/p>\n\n\n\n<p>Remember, this isn\u2019t even my analysis. The government itself acknowledges its $75 trillion insolvency. The Social Security Administration acknowledges that its trust funds will run out of money in 15 years.<\/p>\n\n\n\n<p>This is happening. So let\u2019s take a look at the government\u2019s very narrow playbook:<\/p>\n\n\n\n<p><strong>1) Ignore the problem<\/strong><\/p>\n\n\n\n<p>Politicians are already acting as if nothing is wrong.<\/p>\n\n\n\n<p>Sure, occasionally you\u2019ll hear someone complain about the debt, or there will be a debt ceiling showdown. But no serious alarm bells are ringing.<\/p>\n\n\n\n<p>And because they don\u2019t make a big deal over the debt, no one else does either. Everyone just goes along as if there\u2019s not a problem.<\/p>\n\n\n\n<p>&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Four ways that Uncle Sam will respond to its $75 trillion insolvency Last week I told you that the US government recently reported&nbsp;a negative net worth of MINUS $75 TRILLION. That\u2019s not a type-o. According to the Treasury Department\u2019s annual financial report for Fiscal Year 2018 (which they just published last week), the US government [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1361,7312,843],"class_list":["post-45174","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bankruptcy","tag-simon-black","tag-us-government"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45174"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45174\/revisions"}],"predecessor-version":[{"id":45175,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45174\/revisions\/45175"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}