Of Interest

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Monday, September 8, 2014

"This is not the country that I grew up in..."?

Do you ever look around and think, "This is not the country that I grew up in..."?

Many people are making this realization. They're utterly disgusted by what they see happening at home. And they feel powerless to stop it.

Think about what's happened just in the past two years:

The US government has brazenly continued its arrogant domestic spying program despite overwhelming public opposition. So much for a government "for the people"...

Banks in Portugal, Spain, Italy, and the UK have begun restricting how much customers can withdraw.

Banks in the United States are now restricting their customers' international wire transfers.

And of course, banks in Cyprus completely froze people out of their accounts.

Everyone from the International Monetary Fund, ANZ CEO Mike Smith to leading Harvard economists have been calling for capital controls (which will lock your money inside a failing banking system).

"Wealth taxes" are also being proposed... again by the IMF, as well as several central banks around the world.

Poland nationalized private pension funds last year, and the new US MyRA program has been set up for you to loan your retirement funds directly to the US Gov. This is slso happening in Australia and Japan.

Brand spanking new taxes were rolled out in 2014 in the Land of the Free, including a capital gains tax increase from 15% to 53.8%.

Obama quietly signed an Executive Order that gives Homeland Security the ability to control and shut down the nation's communications systems upon the President's request

As of January 10, 2014, 92.5 million Americans were receiving food stamps. That's 29% of the entire population. And it's double the amount in 2008 when the financial crisis began.

According to a recent IRS report, "tax requirements have become so confusing and the compliance burden so great that taxpayers are giving up their U.S. citizenship in record numbers"
The list goes on and on. But the big picture trend is crystal clear: most of the West is in terminal velocity decline.

They have reached the point of no return with respect to their MASSIVE debt burdens, NO country will be saved, when the house of cards begins to collapse the entire world will implode and come crashing down. Greece. Italy. The United States. Japan. They have absolutely no hope of paying down their debts without resorting to some destructive tactic.

And we're seeing it all unfold in front of our very eyes. Capital controls. Bank withdrawal limitations. Wealth taxes. Etc.

This is what happens when nations go bankrupt. They almost always resort to plundering their citizens. Deep down, you know it's already happening.

But there's something critical that most people don't realize.

Most people watch this unfold... and shake their heads in disgust thinking that there's nothing they can do about it.

And it's true, there really is no 'saving' the system.

Look at a situation like here in Japan, where the government is already spending over 25% of its tax revenue just to pay interest on its debt... at a time when interest rates are basically zero!

This is not a system that can simply be fixed. There is no adjustment, no lever that can be pulled for a soft landing.

History is generous with examples going all the way back to the ancient Sumerians through the French Bourbon monarchy-- whenever things get too far out of control, the system resets itself.

This isn't about fear. It's about facts, uncomfortable as they may be.

We are programmed practically from birth to deny this. We grow up thinking that the country we live in is " the best country in the world, and this could never happen here."

Look around. It's not the country you grew up in. And it's already happening in every country on the planet.

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