Reliance upon a incompetent master is not a recipe for national success. We have lost our way and instead of the traditional American optimism and self-reliance where we the people create and build, we have now become a mass of whining takers looking for the next big government program or scheme to add value to our miserable lives.
But, government, hucksterism and seediness as it has trended into fields it is unequipped to navigate, is in process of creating a disaster as we have seen unfolding in hapless Europe...
Government is exhausted. It, like Whipsnade’s circus, is out of resources, ideas and solutions. Government has painted itself into a fiscal and financial corner from which there is no escape.And it is the real reason why government through the IRS targeted programs against conservatives and the Tea Party that threatens it and struck back and is desperately trying to protect its turf. We will continue to see more-and-more of government hucksterism, meddling to protect itself as we have also seen into its targeting of journalists and the intimidation that comes along with these unconstitutional actions.
As a result of its profligacy, government is no longer able to sustain itself. That is the real reason for the Fed’s quantitative easing program(s). Taxes and traditional government bond sales no longer provide enough money to run the monster. QE, more properly described as counterfeiting, is a euphemism to disguise the insolvency of the government. Without the Federal Reserve, government would have to pare down dramatically. There is not enough money to meet the levels of military spending, social spending, entitlements, debt service and other commitments.
But, unfortunately, we will pay the price of these stupid government programs that will be beyond our wildest imagination and we will also find that government will end up being totally powerless to do anything about it since it will be a disaster of their own making...
An economic Armageddon is coming. It is up to government whether this shows up in the form of fire (massive inflation) or ice (a collapse of the economy). Regardless of what the entry phase looks like, the ending is a massive Depression. The problem is beyond governance or economics. Mathematics has assumed control and mathematics is cold, unemotional and relentless.Best of luck USA, like Argentina, government will impoverish the working people of that nation.
Government: "A Seedy Circus... Perpetually In Debt" | Zero Hedge