Another Debt Warning

Here is another article on the federal debt, “The Story Nobody Is Reporting On,” from The Market Ticker blog. In it the highlight another side effect of the National Debt, the reduction in purchasing power of about 7.7% which is the portion of the GDP that the additional debt incurred by the government last year…

The end the post with a rather dire warning:

Let me be clear: On the arithmetic if we do not stop this now within the next 4-5 years — that is, within the next Presidential term — our government will collapse, our economy will collapse, our health care system will collapse and both the stock and housing markets will collapse. This is not politics, it’s arithmetic. And the worst part of it is that I am utterly certain that the “references” count, along with the “views” count on this article will both be a fraction of the politically-oriented articles I’ve recently posted. That the real end of our way of life in America, a threat that is obvious, mathematically certain, not very far in the future and yet avoidable if we act now fails to garner any sort of serious attention is the real outrage folks.

So, I ask again, what are you doing to prepare for such a collapse?

It is not an empty question. I am really curious you you are preparing for such an eventuality as I am just getting started to prepare for this.

God Bless

Advertisements

3 thoughts on “Another Debt Warning

  1. We are doing little things, every day, to prepare ourselves. One of the biggest things I’d like to do is to secure a water source. We’re on well water, but if the electricity goes out and we run out of fuel for the generator, would we do? If so, I’d really like to get a hand pump.

    Great post. The way the world seems to be going, we really do need to spend more time prepping.

    Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s