thecommonsenseshow.com / By Dave Hodges / February 11th, 2017
The American economy is living on borrowed time through the infusion of massive amounts of “printed out of thin air” cash being printed by the Federal Reserve. Anyone with an IQ above room temperature knows that the inevitable economic crash is looming on the horizon. The deficit is $19 trillion dollars, and soon-t0-be $21 trillion dollars, and that is the good news. The unfunded liabilities debt (e.g. Social Security, Medicare, etc.) is estimated to be $240 trillion dollars. Finally, the derivatives debt that average citizens have been saddled with the burden of paying off through the infamous bailouts is now estimated to $1.5 quadrillion dollars. With the most optimistic estimates that the world’s GDP is less that $100 trillion dollars, it does not take a rocket scientist to figure out that the ability to pay off the debt through taxation and the endless bailouts is simply not possible.
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