American Elections Farce As Politicians Ignore The Looming $121.7 Trillion Debt Crisis
Thursday, November 8, 2018 8:35
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Trump said he would erase America’s debt in 8 years. It’s now bigger than ever. When this promise was made, the national debt stood at $19 trillion. When Trump became President the US National debt was just below $20 trillion; it has since risen to $21.7 trillion.
During Obama’s presidency, the total national debt has risen from $10.6 trillion to nearly $20 trillion.
This debt is just the nominal national debt and there is also the not insignificant matter of the between $100 trillion and $200 trillion in unfunded liabilities – for medicare, medicaid and social security. As the Baby Boomers retire, these liabilities are coming due in the coming years.
The U.S., like the EU and most western nations, is “kicking the can down the road.” Consequently, a U.S. and global debt crisis looks likely in the coming months and years.
Trump was elected on a promise to reduce the debt and government spending including that on the military and the Deep State. Not only has he failed miserably in this goal – he had done the opposite. He has not been a man of his word and like a lot of politicians – both Republican and Democrat, left and right – he talks the talk but completely fails to walk the walk!
Politics in the U.S. and globally has been reduced to a modern ‘Punch and Judy’ show. It is akin to a kids puppet show in which the competitors beat each other up and it is a distraction for the child like electorate. The politicians resemble mere puppets to corporate and Wall Street vested interests who are ‘pulling the strings’ and enriching themselves from behind the political stage.
This is happening at the expense of individuals, families, farmers, entrepreneurs, small and medium size enterprises, less politically connected corporations and banks and ultimately society itself.
Massive military expenditures are justified – nearly half of U.S. government expenditure now goes to the arms industry – by scaring the people with the latest bogeyman du jour. There are evil villains every where as the Deep State and their corrupt and idiotic politicians and a compliant media who do the fear mongering of the Deep State. Constant political and media fear mongering and “cat calls” of “look behind you” at the latest enemy of the day.
The lists grows longer by the day:
Evil Russia in Soviet era to evil Saddam Hussein and Iraq (once an ally) to Gadafi in Libya (once an ally) to North Korea (who were an existential threat and evil one week and then became allies more recently and “Little Rocket Man” may become an enemy again if necessary) to evil Muslims everywhere (except fundamentalist Saudi Arabia who West sells arms to) to evil Russians again in recent years, and now we appear set for an even bigger enemy – those evil Chinese who are now hacking our devices and trying to monitor us. Western governments would never do such a thing!
Tweedle Dum Tweedle Dee: During the 2000 United States presidential election, candidate Ralph Nader claimed that George W. Bush and Al Gore were not very different in their policies and how they had become captured by corporate and Wall Street interests. He rightly called them the parties and candidates – Tweedledum and Tweedledee.
Trajectory towards empire is inexorable and now has a momentum and life of its own alas. Ralph Nader, Ron Paul were opportunities to change the trajectory which were not embraced unfortunately.
Ultimately all of this bodes badly for the US, its economy and the US dollar.
The threats posed to the U.S. dollar as the global reserve currency of the world and the coming dollar and fiat currency devaluations as currency wars intensify make owning physical gold in the safest ways possible essential to all who wish to preserve wealth in the coming years.
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Gold Prices (LBMA AM)
07 Nov: USD 1,235.05, GBP 938.64 & EUR 1,074.62 per ounce
06 Nov: USD 1,234.85, GBP 947.75 & EUR 1,083.58 per ounce
05 Nov: USD 1,231.60, GBP 946.61 & EUR 1,081.96 per ounce
02 Nov: USD 1,235.50, GBP 948.00 & EUR 1,079.83 per ounce
01 Nov: USD 1,223.25, GBP 950.47 & EUR 1,075.85 per ounce
31 Oct: USD 1,217.70, GBP 955.77 & EUR 1,074.25 per ounce
06 Nov: USD 1,234.85, GBP 947.75 & EUR 1,083.58 per ounce
05 Nov: USD 1,231.60, GBP 946.61 & EUR 1,081.96 per ounce
02 Nov: USD 1,235.50, GBP 948.00 & EUR 1,079.83 per ounce
01 Nov: USD 1,223.25, GBP 950.47 & EUR 1,075.85 per ounce
31 Oct: USD 1,217.70, GBP 955.77 & EUR 1,074.25 per ounce
Silver Prices (LBMA)
07 Nov: USD 14.67, GBP 11.15 & EUR 12.77 per ounce
06 Nov: USD 14.70, GBP 11.25 & EUR 12.89 per ounce
05 Nov: USD 14.74, GBP 11.33 & EUR 12.96 per ounce
02 Nov: USD 14.82, GBP 11.38 & EUR 12.95 per ounce
01 Nov: USD 14.45, GBP 11.19 & EUR 12.68 per ounce
31 Oct: USD 14.34, GBP 11.23 & EUR 12.64 per ounce
06 Nov: USD 14.70, GBP 11.25 & EUR 12.89 per ounce
05 Nov: USD 14.74, GBP 11.33 & EUR 12.96 per ounce
02 Nov: USD 14.82, GBP 11.38 & EUR 12.95 per ounce
01 Nov: USD 14.45, GBP 11.19 & EUR 12.68 per ounce
31 Oct: USD 14.34, GBP 11.23 & EUR 12.64 per ounce
http://news.goldseek.com/GoldSeek/1541687473.php
More great articles here: http://goldseek.com
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Indeed John, it is a farce. While the people are being told everything is fine, the looming debt continues to grow.
We don’t talk about Fukushima because it is impossible to stop the leaking radiation.
We don’t talk about the debt because it is impossible to pay off.
A MUST SEE POST – “Your Vote Is A Hate Crime!”:
- http://www.ronpaulforums.com/showthread.php?528158-Your-Vote-Is-A-Hate-Crime!
Comment by heavenlyboy34 (a credentialed member who liked the post so much he added 20 points to the site reputation score for RicoCabaza, the member who posted this INCREDIBLE article):
“Excellent – post is excellent, +rep”
Please share this FAR and WIDE!
10 MINUTE video……
EXPOSING the FRAUD of “banking”……the FRAUD upon “WITCH” all/most Banks are run. The “joo”i$h FRAUD.
*
The Bank of England EXPOSED
https://www.youtube.com/watch?v=Z6NcAzqAd6M
*
1 minute 36 seconds video
Bank of England is privately owned !! This is how I know
https://www.youtube.com/watch?v=zXlD_xFncJY
*
1291 The “joo$” were EVICTED from England IN PERPETUITY
British
Jews be advised: EDICT of EXPULSION STILL VALID
Decree calling for expulsion of Jews from Britain, passed in 13th century, never formally revoked.
British Foreign Ministry: No real need to do so
https://www.ynetnews.com/articles/0,7340,L-3302296,00.html
* *
The so-called “cween” CANNOT REVOKE the edict because SHE is a “joo”
* *
So…IF……the “joo$” were EVICTED in 1290…….HOW did they RE-ENTER England
John Hamer: The English Revolution and the Execution of King Charles I
http://chrisspivey.org/john-hamer-the-english-revolution-and-the-execution-of-king-charles-i/
* * *
BOOK………unavailable
Date first available 30th June 2016
‘Give a man a gun, he can rob a bank.
GIVE A MAN A BANK, HE CAN ROB THE WORLD’.
by Ephemera
https://www.amazon.co.uk/Give-man-bank-bank-world/dp/B01HSMCYS8
A bit of LATERAL THINKING here…….2 MINUTES 35 seconds
*
Give A Man A Gun, He Can Rob A Bank
https://www.youtube.com/watch?v=PDm0r_5K6jo