Guest Post by Martin Armstrong
The total global debt hit a record $184 trillion, which is the equivalent to more than $86,000 per person. That is actually more than double the average per-capita income. People ask me will our solution work? Can we really just end government debt and convert it to cash restricted to investing in domestic companies? I will put it this way. There is absolutely NO OTHER CHOICE!!!!
We either default, which will result in civil war and revolution, or you inflate your way out like Venezuela so your Social Security check will not even buy a cup of coffee. A default will result in war. People will then be demanding they have been cheated. Inflating the way out is completely different. You paid them what was promised. It’s their fault it buys nothing.
To inflate the way out requires a completely different set of patterns. Right now, the theory is that WE THE PEOPLE are the problem. If we all paid what the government thinks we should then they will be fine. They increase taxes and increase enforcement and believe it is their divine right of kings to act in this manner. What we are witnessing so far is not the inflation path – but the hardline path that leads to only violence as we are witnessing in France.
Anyone living under the illusion that they own any real property or any unit with value attached real or perceived meaning a car , boat , motorcycle or RV remember : these are what the “THEY” in government see as taxable assets that “THEY” assume the right to place a taxable value upon them regardless of reality . The “THEY” I refer to are also the armed badge wearing minions of the circle jerk that is Wall Street to K-Street to Capitol Street . “THEY” all do not give a flying fuck about you or your family , your current situation of health , finance or any other personal issues you may have . Their combined needs for their support translates into a demand you must meet . After all ruthlessly stealing from an entire population is tedious work and “THEY” do not work for free as public servants . So pay up , shut up and be glad for what ever you worked to accumulate is not all confiscated for their benefit !
Remember when your government lies to you it’s for your own good .
This must end badly !
“FORGET ME NOT”
We’re running nearly trillion dollar deficits annually, right?
So, even if I paid my share of $86,000 …. I’d still be going into debt at about $3,500 each and every damned year.
And for what? Welfare and bombs. Fuck that shit!
NO !!
The Banker Con….pay for the “right” to use their money.
Lincoln saw through their snare….but then they opened up his insides to the air.