Topic: Good for Texas & Virginia! | |
---|---|
Texas & Virginia appear to be getting ready for the inevitable economic collapse...Are you?
http://investmentwatchblog.com/doom-alert-texas-prepares-for-sovereignty-if-u-s-defaults-rep-james-white-files-texas-self-sufficiency-act-hb-568-while-virginia-is-moving-closer-to-breaking-ties-with-the-countrys-monetary-sys/ It looks like the Fed's fascist dictatorship may soon end. |
|
|
|
Lets do a little math.
Here is what we spent last year and estimates for the next several years which will push our debt to well over 20 trillion dollars. The interest rate the feds pay has been artificially forced down and is now around 1-3/4%. The debt is around 16.4 trillion. http://www.usgovernmentspending.com/budget_pie_gs.php The world is slipping away from the US as a world currency. The Euro and Chinese Yang are positioning themselves to trade for oil directly which will cause the value of the dollar to fall. It is now artificially held up by the value of oil. Our interest rate will rocket upwards which means the amount of dollars we spend on interest on the national dept will too. We can expect it to, at the very least, triple. 1.3 trillion of the 3.8 trillion we spent last year was borrowed. 5% of 20 trillion is one trillion is a possible annual debt interest payment soon. Subtract 1.3 from 3.8 and get what we SHOULD have spent last year. That only 2.5 trillion. Subtract 1 trillion for interest and get 1.5 trillion and you will see what the US could be operating on soon. If you spend 1.5 trillion vs the current 3.8 you see that most federal programs collapse and the States don't get back near what the pay in. In you figger in the huge drop in value of the US dollar, everything costs a lot more too. |
|
|