War and Chaos Ahead: How the Mega-Rich are Preparing! The West’s ‘Impending Implosion of the Empire of Debt’!
- Emphasis mine:
- War and chaos ahead: How mega-rich are preparing!
by Barrett Moore, http://www.wnd.com/
Exclusive: Barrett Moore previews West’s ‘impending implosion of the empire of debt’!
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Candidly, I don’t have the time right now to be writing an article that most in the West would ignore or repudiate. I wrote this piece, however, for the staff of WND with whom I have consulted over the years. WND is one of the few news organizations in America that is interested in truth, and unconcerned with the consequences of reporting it. I admire that, and so should you. Few news organizations remain that are not just inundating us with misinformation and propaganda. But I digress.
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We are at the precipice of war, and this is a call to action. While it might not come tomorrow, the threat does grow by the day as conflict between the largest and most powerful nation states becomes inevitable, driven by the impending implosion of the empire of debt accumulated by Western democracies, and by the yearning of Russia and China (and their surrogates) to escape the constraints of almost 70 years of American hegemony.
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I am not talking about another one-sided skirmish in the desert, but rather a real war, where satellites fall from the sky, ships sink, supply chains are disrupted and there is a loss of life not seen since the last century; a war of such a magnitude that few Westerners alive today can comprehend it. Such a war will alter the world as we know it. And, reading the tea leaves, it seems there is little we could do now to stop it. At this stage, all that is missing is the spark that ignites the inferno. It might come tomorrow, it might delay a while longer. We can prepare, but preparation takes years and years, and requires a threshold level of certainty that the threat exists, that it merits attention, that it demands action.
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In short, our leadership won’t change the trajectory we are on until they are forced to do so. Don’t listen to what they say, but observe what they do. For example, the Reagan, Bush (41), Clinton, Bush (43) and Obama administrations have each saddled the nation with successively larger and now record amounts of debt (and please, don’t give me any nonsense about Clinton not adding to the debt; he was just a little more clever about trying to market the narrative). We have all seen these numbers before, but, to refresh your memory, they are as follows (approximately):
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* $18 trillion is the current cumulative budget deficit of the United States;
* $2 trillion is the approximate current annual increase in the U.S. budget deficit, if one looks beyond the published numbers and accounts for all federal expenditures;
* $200 trillion is a reasonable estimate of the U.S.’ additional unfunded liabilities for existing social programs;
* $16.8 trillion is the United States’ current GDP;
* $3.1 trillion is the total tax revenue the federal government derived in 2014.
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Think about the implications. The federal government is spending $5-$5.5 trillion annually (using GAAP-adjusted accounting) yet taking in approximately $3.1 trillion in annual revenues. We are thus only paying for, roughly, 60 percent of expenditures; the rest is being borrowed. How would that go over in your household?
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read more!
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Scary
Reblogged this on TheFlippinTruth.