It would seem like a peculiar paradox. It's the most powerful nation the globe has ever seen - militarily, at least. Yet its weakness economically is turning up in all kinds of places. Stubbornly high joblessness. Zombie financial institutions. A shaky stock market. Nasty foreclosure stats. And debt - both public and private - out the wazoo, in numbers we can't even apprehend. Can the two occur together? A powerhouse military along with a weakening financial system? Probably not. In fact the question could be posed, why hasn't the whole thing collapsed by now?
Certainly, the U. S. government is bankrupt. There can be no way it can carry out its promises to future generations of Americans regarding health care and old-age retirement benefits, let alone sustain its armed forces presence all over the world. And I've not even mentioned the expense of servicing the national debt - never mind paying some of it back which is not even on the radar screen. When I said the federal government can't do it, I meant that. Not even by raising taxes.
It really is bankrupt and it maintains itself through its ability (until now) to
borrow from foreign governments as well as to create money out of nothing at all to make payments on its obligations. Once the first goes, the next will go, as they say, "to the moon." The consequences of practically limitless money printing by the Federal Reserve to satisfy the funding requirements of the central government will be disastrous. Plan for it like your future will depend on it, because it really does.
If you are planning your retirement living centered on the supposition that you will get the same government benefits in your old age that your parents did, you're in for one horrible disappointment. For you, as well as millions just like you, retirement is going to be repealed.
Do Americans Have An Entitlement To An Ever Soaring Standard Of Living Greater Than The Rest Of The World?Americans appear to have some regrettable belief that simply by being Americans, they are entitled to a high and improving standard of living. Not true.
The Reasons You Should Get A Web Based Checking Account Right NowThe internet has grown far beyond many of our expectations. Although it offers many good things there are other areas which seem to have got quite confusing. The internet checking account is a good example of something we should be using but most of us don't understand why.
Currency Exchange Options For TravelersTravelers often exchange currencies, which is a familiar activity. Around the globe, there are literally scores of different currencies.
What You Want To Know To Have The Best High Interest AccountsWhen you first start looking at high interest accounts you think that there are lots of options out there and it is just a simple matter of choosing which one you like the look of. In reality, it is not that simple.
Motivating Tips To Help You To Save Extra Money At HomeSometimes the most difficult part of running a household is finding new and effective ways to save money. If you feel like your paycheck is drained before you can even deposit it into the bank, then here are some tips to help you to save money.
A Few Information For Women And Couples Trying To Look For Financial Assistance For Tubal Reversal SurgeryAre you Seeking financial assistance for tubal reversal surgery? Here are a few ways you can look into to find such funding. However, there are some pitfalls that you should be aware of as well which this article will give you some indication of and will tell you...
Comprehending Pensions Advice And Also The Numerous Kinds Of Pensions AvailableTo put it in the simplest of terms, to have a pension means to have a type of financial security upon retirement or when you reach a point when you are no longer working for money.
Fuel Rewards Programs - Their Pros And ConsIf you live in an area where grocery stores offer discounts on fill-ups at their gas station based off your purchases at the store, you probably feel like you're inundated with advertising about it.
Saving With Promotional Discount CodesFinding promotional discount codes will help anyone who has been looking for a simple way to get the best value for their money.