This Is What An Economic Depression Looks Like In The 21st Century

To get an idea of how much money it would take to bail out the financially troubled nations of Europe, just check out this infographic that was recently posted on ZeroHedge.

A day of reckoning is coming for the United States as well. As CNBC recently noted, the U.S. debt problem is far worse than the European debt problem is.

That is why I have written over and over about the U.S. national debt and about how the U.S. government is spending too much money.

Right now, the U.S. government is still able to borrow gigantic mountains of very cheap money and is spending money as if tomorrow will never come.

Well, just like we saw in Greece, when debt gets out of control a day of great pain eventually arrives.

What we are watching unfold in Greece right now is coming to America.

You better get ready.

Webmaster's Commentary: 

This out of control spending is something I, nor any thinking people I know, ever signed on to.

The endless wars; the legalized diminution, to the point of non-existence, of Constitutional rights and guarantees; pork-barrel spending; the legal outsourcing of jobs to other countries which are incentivized by tax code loopholes; the acquisition of Congressional representatives by large corporations, and the sad absence of any pretense of representation of the needs and concerns of ordinary US citizens, are absolute abominations, and all of this, collectively, takes us very, very close to the circumstances which ignited the first American Revolution.

The question is, when the American people finally and collectively get their heads around what has been to them, both domestically, and internationally, in their names, what they will decide to do about it.

American civilization is at an explosive crossroads right now. And the problem is, we need people at the top with the true moral integrity to fix this; unfortunately, there are very few of those to be seen right now.

Posted on Feb 11, 2012 at 09:40
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