Well, folks, we’re here.
Over the past decade I’ve written a few essays on the coming economic collapse of the USA. I noted in 2013 that the on-book national debt was an estimated $16 Trillion. The actual debt using Generally Accepted Accounting Principles (GAAP), which includes all off-book obligations (promises of future payments such as Social Security, government retirement accounts, Medicare A & B, et.al.) was $238 Trillion. Today the on-book debt is $30.3 Trillion, not quite double what it was when I last wrote about this. We can reasonably assume the total debt according to GAAP is similarly doubled, all in at $450 Trillion.
HOW does one mentally conceive of such numbers? I’ll put it in simple terms; if you printed 450 trillion $1 bills, they would create a layer of paper covering the entire planet that’s ½” thick.
More @ Capitalist Eric
1st, Great that you are back. 2nd, November is along way off. Stocked up with Food, Bullets and Barter is good. But no one suggests what do we do with the US currency we have now to protect it so that if life doesn't collapse today and may be not for several years. Buy gold? Bitcoin? (Your need electricity to man your computer), land?
ReplyDelete90% silver dimes maybe: https://www.apmex.com/product/213198/90-silver-coins-5-face-value-roll-dimes
DeletePrayers have been answered and you are back. PTL, Time is getting late to store. Here are some Headlines::
ReplyDeleteBlackRock president warns 'entitled generation that has never had to sacrifice' that they will soon face shock due to major shortages: 'Put on your seatbelts'
Thanks.
Deletehttps://freenorthcarolina.blogspot.com/2022/04/blackrock-president-warns-entitled.html
Cigarettes keep well in the freezer. Mid grade scotch, bourbon, gin, cheap vodka. Nic lighters and razors, pencils, pens, paper, candles, lightbulbs AND...as much toilet paper as you have room for!
ReplyDeleteThink about what you would pay for a roll or two of TP if there is none around.
Big leaves! :)
DeleteJust don't use leaves of three... Ivy, Sumac, Oak... A rash you will never forget.
Delete"Leaves of three, let it be!"
Delete