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The Planned Economic Demise of America Is Nearly Complete
Submitted by Dave Hodges on Saturday, June 11, 2022 - 20:11.
There are three numbers that every American should be paying attention to and they are (1) the national deficit, (2) the unfunded liabilities debt, and (3) the derivatives/futures debt. When any reasonable person looks at these three sets of numbers and related statistics, there can only be one conclusion, which I will present at the end of this analysis. And there will soon be a housing debt that will crash many of the banks....
To conduct this analysis, I am going to use some commonly agreed upon figures. The budget deficit is $32 trillion dollars, unfunded (partially or otherwise) mandated social programs constitutes another $220 trillion dollars and the credit swap derivatives total between $1 quadrillion dollars to $1.5 quadrillion dollars. In this analysis, I will use the very conservative $1 quadrillion dollar figure. These figures are not in dispute and therefore provide me with the basis to perform an analysis of what our collective economic futures hold.
America takes in $2 trillion dollars per year in tax revenue. The United States has a $32 trillion dollar deficit. How long would it take to pay this debt back? If one can do third grade math, the answer is very simple. On the surface, someone reading this would say we could pay this debt off by in 16 years if we spent no money on other needs. The correct answer is simpler, we can never pay this debt back. This is the ultimate catch-22. To begin to pay off the debt, we would have to cancel all government services. In this case, you would have no government, only anarchy.
Even if the government could donate $1 trillion dollars of its revenue source to paying down the debt, the government deficit would still be increasing at a ratio of 64 to 1 even if we were to reduce the governmental operating expenses by a whopping 50%.
There is no sacrifice that the government, nor the taxpayers can make. There is nothing that can be done which will result in paying off the deficit because from a mathematics standpoint, we are passed the fiscal cliff. From a budget deficit standpoint, our national fate is sealed. We have no hope of paying off the budget deficit. And amazingly, the budget deficit is the least of our financial problems.
The consequences of not paying down this debt are unmistakable and you do not need to be a Wall Street accountant to figure this out. When you take out a loan, you must first collateralize the loan with hard assets. When we default, a desperate Congress will do what third world nations do, namely, borrow the money from the World Bank/IMF. As we have seen on the plains of Africa to Bolivia, when these countries predictably default on loan sharking deals from the World Bank, a country will lose total control of its infrastructure. Our water, our electricity and much of our food supply which is federally supported through various programs will revert to our creditors and they will be able to charge consumers, for these essential services, whatever they want. Maybe now, the imposition of smart meters on all of our homes which will regulate specific power usage, makes a great deal more sense. Soon, Klaus Schwab's admonition that we will own nothing and love it will become the most true statement of the day.
If America is allowed to get to the point of national default and the abrogation of all of our national resources, we will indeed be fortunate. I do not believe that this country is going to be allowed to survive intact and live under a banking dictatorship. Before we reach the point of loan default and the installation of new national management which will replace our Congress and our President, this country will have entered a genocidal chapter in its history. We will be rocked by civil war emanating from food riots. WE could be weeks from this possibilityThe American people could only hope for a loan default as the best possible outcome.
Unfunded Liabilities and Mandates
When we look at Social Security, Medicare, Medicaid and all the government programs that we all take for granted, the price tag is a whopping $222 trillion dollars. These numbers are going to be exacerbated and grow exponentially because the bulk of the baby boomers are entering retirement age. Even if we took every single penny that the federal government takes in and devote it to paying off these social programs, it would take 111 years to pay off this debt. This is simply not possible because the previous statistic is predicated on having no government because if you are paying all the national revenue to the debt, there is no government. With no government, how would we pay any government officials to administrate the system? This does not even include providing for necessary national defense, law enforcementand other essential services. In short, America, we cannot support these social programs for much longer. The game is up. Soon, 30 to 40 million Americans will be without their healthcare, without food and without shelter with the help of Blackrock from articificially driving up the price of homes. Don't throw bricks at the messenger, the numbers do not lie.
The Derivatives Debt Was the Death Blow to America
In the United States, credit swap derivatives created national debt totals of over one quadrillion dollars. That is one thousand trillion dollars! The entire GDP of the planet is estimated at $66 trillion dollars. And somehow, in the infinite wisdom of Congress in 2008, we falsely and naively believed that a $750 billion transfer of wealth (i.e., Bailout #1) was magically going to save the economy and the collective futures of the American middle class. In short, the debt created by futures speculation is approximately 16 times greater than the sum total of the entire wealth on the planet! And we think we are going to climb out of this? Let's take a moment and discuss the derivatives debt.
When George W. Bush left office, a gallon of gas was $1.57 per gallon. When Trump left office, we we paid about $2.30 per gallon and now the price is approaching $6 per gallon with no end in sight. The rapid increase in the price of fuel during the years since Biden took office is a good example of the destructive nature of the derivatives market. Most of the price gouging which resulted in unprecedented increases in gas prices, and record oil company profits, was due to speculation in futures market especially by Goldman Sachs which just happens to be former Treasury Secretary’s Henry Paulson’s old company. Paulson told Congress in 2008 that if they did not acquiesce and fund Wall Street, there would be blood in the streets and martial law would have to be declared. MaybeCongress had their hand on the chicken switch and allowed the US Treasury to be raped by these criminal bankers. Today, many feel that blood in the streets is unavoidable.
Today, the derivatives market is again collapsing, despite unlimited rounds of bailouts (we presently are on QE Unlimited).
Nobody is talking Derivatives anymore, but they are hanging over our collective heads like a stage 4 cancer! These Derivatives are not anything but the tangible value such as stocks, bonds, etc. They represent the ultimate illegal money game in which paper derived from other paper, such as futures and options, has served to bolster the balance sheets on Wall Street. Futures and options are exchange traded derivatives, but the largest group of derivatives is not even traded on the exchanges. These are called “counterparty derivatives” and consist of such financial entities asmortgage backed securities andcredit default swaps. And as a reminder, the Federal Reserve is printing $40 billion dollars each and every month to purchase mortgage backed securities. Why? Because after the collapse they want to own hard, tangible assets, not useless cash. This action, alone, tells you that the bankers are saying that the American economy has hit an iceberg and is sinking fast. The Federal Reserve is metaphorically purchasing all the life boats and are leaving the rest of us to drown.
As I previously stated, it is estimated that the total derivative exposure of the financial system is between one quadrillion and one and a half quadrillion. A quadrillion is 1,000 trillion dollars and it has largely collapsed. What does not get widely reported is that each one of these derivatives transactions required the underwriting of a bank with a high credit rating. This house of cards effectively collapsed the banks who are living on borrowed time along with bail-outs and cash infusion from the Federal Reserve and the outright theft in such debacles as the MERS mortgage fraud, the Blackrock driven home appreciation fraud, and of course the $40 billion dollars being spent each month on mortgage backed securities previously purchased by the Federal Reserve.
Shovel dirt on America's grave. The America we knew has died. The collapse of our emerging fiat currency will be replaced by digital currency managed by the World Economic Forum. This will be the ultimate enslavement tool in the history of the planet. The present thievery of the banks constitutes the last great American garage sale as the vulture bankers are picking the financial bones of America completely clean. The banks and their executives are trying to steal everything that is not nailed down. They have commenced attacking the pensions and soon it will be the bank accounts, houses, farms and businesses of America. In short, the banks are to come out the other side of a financial collapse with as many tangible assets as possible. If Janet Yellen's home appreciation tax becomes a reality, there will be few home owners left in America!
TheAmerican middle class was previouslyasked to bear the burden of the entire derivatives market which totals over 16 times the net value of the entire planet. It is still not paid off and now we have new challenges. The economic overwhelming of the planet is deliberate! The left must destroy the USA so "they can build back better" where we will "own nothing and love it!"
If this financial debt problem had a cure, then ask yourself why so many corporate heads are building homes overseas to places like China, who will be the new world policeman? Why did George H.W. Bush once build a 100,000 acre ranch in Paraguay? Why did NORTHCOM, as long ago as a decade ago, train nonstop for urban riot control training? Why did FEMA and DHS schedule multiple disaster drills per year? Are we to believe that all of these factors are unrelated? It is looking more and more like the bail-out money, which was no more than the private theft of public money, is actually doing what the name implies, it is bailed out corporate executives in advance of the coming ultimate crash. America is being forced to fund the getaway gifts for those that have stolen so much from the American people!
WHAT WILL REPLACE THE REPUBLIC, LOOK AT THE GRAPHIC FOR THE ANSWER!
Once they have our hard assets, it will be anarchy in the streets as very soon, it will be every man for himself. And there is a lot to write on this topic, just not today, I have to go play golf with my son, while I still am able.
Dave Hodges has been publishing the Common Sense Show since 2012. The Common Sense Show features a wide variety of important topics that range from the loss of constitutional liberties, to the subsequent implementation of a police state under world governance, to exploring the limits of human potential. The primary purpose of The Common Sense Show is to provide Americans with the tools necessary to reclaim both our individual and national sovereignty.
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