The Crash - The coming financial collapse of America
The America that you and I grew up to know and appreciate
is a thing of the past. The upcoming crash is going to make the crash of
1929 look like a mild recession in comparison. Your job, your company and
your industry is much more dependent on other industries today than it
was in 1929. If our government continues to spend more than it takes in,
with 100 percent certainty, it will go broke. A time of rectification is
certain, it's only a matter of when.
Our government has the ability to generate $1.2 Trillion
in taxes. It spends $1.4 to $1.5 Trillion per year. The U.S. government
is spending more money each year than it raises in taxes. How does it do
that? It borrows the money to make up the difference. In 1992, it had to
borrow about a quarter of all the money it spent. This amount borrowed
is called the deficit. The government has been operating this way since
the 1960's. The accumulation of yearly deficits is called the National
Debt. By 1992, the National debt was estimated at over 4 Trillion dollars.