Short Video: Why the U.S. Government Will Default on Its Debt
• http://www.garynorth.com, Gary NorthThe deficit of the U.S. government cannot be sustained. The general public does not understand this.
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Mr. North wants to play with figures.
He does not want you to know that every dollar that is spent do fund a deficit is a dollar of profit that his hidden by the FRBNY from the Treasury auctions for the owners of the Fed. Ref. RIP OFF BY THE FEDERAL RESERVE, http://www.scribd.com/doc/48194264/rip-off-by-the-Federal-Reserve-revised.. .
He also does not convey that the category of SS includes food stamps and welfare. Medic costs attributed to non-residents have bankrupted many hospsitals. Any government program costs much more than a consumer controlled economy.
You're right, OR. The only reason that the U.S. dollar has any strength at all is, the people are using it.
Personally, I think that the FEMA camps are there for the time when the people stop using the dollar because they see how useless it has become. Forced labor by law enforcement and the military - the method the Fed and Gov will use to keep things going a little longer - will only last for a short while, because even LE and the military will see that their pay is falling short of what they had wanted it to do. (I know. I know. The military is a form of slave labor already.)
So, what can we do? I can't see any way that collapse can be stopped. The best thing we can do is make ourselves and our personal families self-sufficient as possible. That means, out of the big cities... maybe out of the country; LE and the military won't waste their time on places other than the big cities, except by accident.
The resulting turmoil when the Fed and the U.S. Gov. collapse, just might make anywhere in the world that is not highly populated to be a good place to be. We will need small groups of trusted - and armed - friends with us for general protection from the chaos around us.