Monday, December 9, 2013
America In Decline
We are living in the last days of the great American experiment, of that there can be little doubt. Detroit, with a murder rate of 54.58 per 100,000 is the largest killing field in the country but the nation's capital of Washington DC is not far behind with 13.9 murders per 100,000. Seventy two percent of black children are born out of wedlock; the streets of large cities like Oakland California and Detroit Michigan look like war zones; 59,500,000 of our citizens are on either welfare or food stamps and another 10.9 million are unemployed. Just a few decades ago the USA was the wealthiest nation on earth, now we rank 7th in per capita income and one in every six Americans struggles with hunger.
Cities, large and small are filing for bankruptcy at an alarming rate. States like California with $162 billion in admitted unfunded pension liabilities (outside analyst's peg the true figure to be between $500 billion and $884 billion) is already bankrupt, but most of the people living there don't know it. The nation as a whole, with a federal debt exceeding $17.3 trillion, also is bankrupt. Each citizens share of this debt, which is increasing $2.7 billion each day, is an astonishing $54,345. The printing presses of the Federal Reserve cannot keep this sinking ship afloat much longer. No, as a nation we are finished, may as well stick a fork in us and be done with it!
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