Jean Deaux wrote:
Perhaps when foreign powers remove the dollar as the World's Reserve Currency. That will be our last gasp as a world power. But obama started the financial debt ball rolling and it has proved difficult to stop!
I cant really put all that at the feet of Obama. If you look at the charts, all of them, including the House and Senate are responsible throughout the years. Reagan spent a s**tload in his military build up against the Soviets. Concerning Obama, when he took office, sovereign debt was roughly $10,699,805,000,000. When Obama left, the debt stood at $19,573,445,000,000. That is huge, no doubt but we were coming out of the great recession. This is what Keynesian economics looks like, even though the Obama administration, the Federal Reserve and Paul Slugman (NWO Cheerleader for the NYT) did not even remotely follow Keynes in original game plan. They just blew through $9 Trillion with ZERO % interest. This is a big reason why the markets are so inflated. Wall street has loved all the cheap money for stock buybacks.
The Federal Reserve has a big hand in all this, and is more than willing to monetize the political establishment and their financial ponzi with interest as long as the private banking cabal gets their loans covered with collateral, which they are. One should ask, what is being used for collateral to secure $22 trillion and growing real fast.
I believe the deep state and its financiers started their endgame with 911. Look at the amount debt created with war and freedoms lost after that event. If you follow the money from 911, its damn spooky. That is quite a rabbit hole!
The United States will, without a doubt succumb to its sovereign debt. The only way out of $22 Trillion plus, coupled with an insane $205 Trillion in unfunded liabilities, will be a structured default. This debt will never be paid! The debt clock will NEVER stop growing. Hell, the debt clock will not even slow down, it will accelerate. I believe when the dollar goes down, it will happen very aggressively, very quickly.