896 Million Dollars PER DAY

That's how much our Fed Gov't pays in interest on the National Debt...every day.  And yet, DC politicians of both major Parties say the Debt doesn't matter.

http://fortune.com/2019/04/10/the-deficit-is-growing-far-faster-than-predicted/ 

By the way, the overwhelming bulk of Personal Income Taxes goes to pay that Interest.  That's the main purpose of Personal Income Taxes.  Central Banks, other Mega Banks, and other Mega Corporations are the primary recipients of those monies.  They hold the vast majority of Bonds & Treasury Notes.  ["Bonds" have maturities greater than 10 years, while "Treasury Notes" have maturities from 2-10 years.]

Gov't Services are paid for by Corporate Taxes (such as they are...Amazon paid zero Income Tax in 2018), excise taxes (highway/gas, liquor, tobacco, firearms, etc.), fees, imposts, duties, and more borrowed money...on which you pay the interest...$896 million per day this year.

Alan Greenspan once made these statements (paraphrased): the USA will never default on its Debt because when we need money, we simply print it; we can guarantee no default, but we cannot guarantee the purchasing power of those dollars.  [Right, Alan, and that's the catch or rub, isn't it?]

Every fiat (or debased) currency in history eventually failed.  The "money" became essentially worthless because the issuing government wound up printing too much of it.  That's currency inflation; price inflation is the result of too much currency inflation.  The more dollars there are, the less each dollar is worth.  Prices then go up in order for producers just to keep even, never mind get ahead.  Compared to the 1913 Dollar, today's Dollar is worth about three cents.  That's why the pair of Levi's jeans I bought in 1961 cost me $3.95, and the Levi's jeans I bought a few days ago were $49.95.  The cost of production (per unit produced) didn't go up; that cost has gone down over the years due to automation, essentially flat wages, foreign factories, etc.  Prices on everything have gone up because the Dollar becomes worth less & less every year.  That's how fiat currency operates.

Currently, we're at the tail end of today's world fiat currency system.  The whole thing (worldwide) is based on so much Debt that's it's unsustainable.  All fiat currencies in circulation today are becoming more & more worthless... because each year they are worth less.  Hello.  Global Debt is now close to $250 trillion; the entire world's GDP is about $84 trillion.  Do the math.  Such a system will fail.  DEBT will kill it.  Governments cannot simply "print" currency to get out of horrendous Debt because the result would be hyperinflation of prices; purchasing power would drop to within a micron of zero.  That's the rub.

Some sort of Great Re-Set is coming, and with it, most likely a worldwide Depression.  Can't say exactly when, but it's virtually guaranteed...all because of the massive Debt Bubble caused by fiat currency and reckless Powers-That-Be.

Not only my opinion.  Be prepared.

The Economic and Financial Crash is Just Around the Corner

Best guess--- The Crash probably will be anytime before the end of next year.  No one can predict exactly when.

Today I saw an ad for blue jeans; the price of the britches---$60.

In 1961, similar jeans were $3.95...I know because I remember buying a pair for that price in Ft. Collins, Colorado while I was a student at Colorado State U.  [You remember the damnedest things when you get old:]  So, about four dollars versus sixty dollars; to me, that's hyperinflation...it's already here.  It may be a bit anomalous for hyperinflation because of the long span of time involved, but nevertheless, it seems to me it IS the beast.

Decades of monetary policy from the Fed Reserve have reduced the value of the Dollar from 100 cents in 1913 to about 3 or 4 cents today.  They've purposely debased/devalued the Dollar in order to be able to afford the interest payment on our massive National Debt (ever since that Debt doubled or tripled---can't remember which---during the Reagan years).  They can pay it with ever cheaper dollars.  That's why the Fed is always shooting for 2% inflation... per year. 

Imagine what an ounce of gold would be worth if all the beaches of the world consisted of grains of gold instead of grains of sand.  Whenever the amount of some item is increased in the Market, the price/value of each unit of that item goes down.  Through institutionalized deficit spending, the Fed being the main purchaser of T-Bills (monetizing the Debt), and the horrendous QE for the last 8-9 years, the Fed has made the Dollar almost worthless...by creating huge amounts of it out of thin air.  That's why some jeans are $60 now.  That's why the Fed Budget is in the trillions instead of millions or the low billions.  The Dollar is worth less...a lot less.  One even might say that it's almost worthless.  Of course, the Propaganda from the Powers-That-Be says the Dollar is strong.  What that really means is:  it's the best of the worst.  It's the cleanest dirty shirt...and even that characterization is questionable.

The Gov't always can get more "money".  All it has to do is type digits in a computer.  That's what it does when the Fed Reserve buys Bonds/T-Bills.  Actual currency isn't printed up and handed to the Treasury by the Fed; the Fed simply types the amount onto its Balance Sheet.  It never will "run out".  The problem is that the world is fast losing faith in the value of the Dollar.  We all should be, too.  Countries are dumping the Dollar and bypassing the Dollar right & left.  Those Dollars then come home, which means more inflation, but this time it will be much faster than that from 1961 to the present.  International players such as the IMF and Bank of International Settlements already are looking into replacing the Dollar as the world's reserve currency.  Can you blame them?  I think not.

No politician can stop this...it's too late.  We'll survive, but the cost of that survival & recovery will be high.

Don't believe the Elites' current Propaganda.  They're telling bald-faced lies because they're afraid the truth would result in massive panic...including a monumental exodus of capital from the USA.  [To those who think the public & private Powers-That-Be never would lie about such things---please, are you kidding me?  History says otherwise.]

Be Prepared (see previous posts), and Hang in There
p.s.  Your degree of comfort during the real recovery will depend upon your degree of preparation.  And, no, you don't need a bunker & hand grenades; there won't be a massive Mad Max scenario.  The Powers-That-Be would institute Martial Law on a monumental scale before allowing that to happen.

Not only my opinion.  Be Well