Economic collapse is inevitable, here’s why…

August 17, 2012 14:57

The numbers don’t lie. At this point, the dollar crash is unavoidable… far from an exaggeration this is a mathematical certainty. As repelling as that sounds, it’s in your own best interest to learn just how bad the situation is. – Crisis HQ


From Crisis HQ


we need a reality check. It’s time to stop being naive and start being more discerning. Instead of more false hope, we need the truth as bitter as it might sound… and the truth is, from our local municipalities, to our states to our federal government, we are broke… the truth is we can’t payback our debt without getting into even more debt… the truth is the housing crash of 2008 was just a small preview of what’s to come.


… government’s liabilities are now growing at an exponential rate.


… government continues to pretend that we can borrow our way out of debt and only handful of our politicians are willing to admit that our nation is now bankrupt.


In 2011, the government borrowed $41,000 every second.


According to David Walker who served as United States Comptroller General in the Government Accountability Office from 1998 to 2008, U.S. government’s real financial burden is close to 70 trillion dollars.

This is because the national debt of 16 trillion does not account for obligations like Social Security, Medicare, Public Employee Pensions and other liabilities …


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