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American Empire on the Verge of a Collapse?

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It doesn’t take a genius to figure out that we are living in the greatest debt bubble in the history of the world and that at some point the world financial system is going to crash (this is not a typo, I mean the world). The world financial system is a house of cards. There is no longer a question of IF it will happen but only WHEN and HOW. Unfortunately, 99.99% of the world lives in blissful ignorance of this reality.

How many people know that the Economic and Military Superpower of USA is completely broke already? Have you ever heard of Slums in USA? How many know that USA’s future liabilities are about $200 Trillions – which is three times the world’s GDP? Do you know in year 2010 State of Arizona has sold its Capitol building, Supreme Court and some other buildings to investors to raise cash for the budget?... Read on…

The US jobless rate hit 9.8% recently. Two years back when situation was better, Ohio school had received 700 applications for one janitorial position….Few weeks back, the Delta Airlines received 100,000 applications for 1,000 flight attendant jobs. Hundreds of people were in line from mid-night  to get help on their electricity bill…42 Million Americans ( 1 in 8 ) are already on Food Stamps…Have you ever heard of Slums in America? In third-world countries they are called slums…but here in America they are called “Tent cities”…Watch this Video and this and this….and here is a report about the US Military preparing for a ‘Large Scale Economic Breakdown’ and ‘Civil Unrest’

This is just the tip of an iceberg. The US is now in a Catch 22 situation, with no easy way out. Financially, the US is on a road of no return. It is very clear that all options will lead to more misery while the economists are fooling people to believe “happy days are here again”.

The fact is: “We’re in the terminal stages of the world’s most gigantic pyramid scheme” set to vaporize the assets of an average citizen in a dramatic event of just few days…“The US Economy is A Giant Ponzi Scheme”…By every passing day we are moving closer to the top of this ponzy scheme pyramid. The entire western world has dug itself in the biggest black hole of the history called Debt. Most of the western world is totally bankrupt (Uncle Sam is the leader). Fools are those who believe the solution to Debt is more of the same. They are doing this for about 100 years now (US Federal Reserve was formed in 1914). It may continue for few more. But there is going be a day when the bill will arrive on the silver platter at the table that the US citizens are sitting at. The prosperity that US saw for 30 years was just a smokescreen…the reality is yet to dawn.

Will USA collapse or will it default on its Debt – Is there a third option left before the USA? Will it be 2011 or 2012 or…2020?

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Let’s get real. The US is bankrupt. Neither spending more nor taxing less will help this country to pay its bills.  “The U.S. is bankrupt and we Don’t even know it

The steady erosion in the value of the US dollars and the crushing weight of US national debt have already moved this country on the verge of a financial chaos. Columbia University Prof. Robert Mundell says “we’ve never been in this unstable position in the entire currency history of 3,000 years”. A massive, catastrophic dumping of the devaluing US dollar looms large like a dagger over the US head. Unmistakable warning signs point to a monetary crisis on the verge of spinning wildly out of control, leading to massive inflation and possibly, a sudden and catastrophic dollar collapse that will change this nation forever.

Another side of the story is the bankrupt states and cities of America. In year 2010  Arizona state has sold its Capitol building, Supreme Court and some other buildings to investors to raise cash for the budget? Cant’ believe?  Read here. The overdrawn American cities could face financial collapse as soon as in 2011. More than 100 American cities could go bust next year as the debt crisis that has taken down banks and countries threatens next to spark a municipal meltdown. New Jersey governor says: “We spent too much on everything. We spent money we didn’t have. We borrowed money just crazily. The credit card’s maxed out, and it’s over. We now have to get to the business of climbing out of the hole. We’ve been digging it for a decade or more. We’ve got to climb now, and a climb is harder.”

The former New York Times correspondent in a recent article says “America’s military and economic empire could collapse at any time, but predicting the precise day, week or month of its potential demise is unattainable.” How sudden a collapse can be? In 1989 it was predicted in a Russian meeting that the travel across the Berlin Wall separating east from west Germany would open within a year. What really happened? “Within a few hours, the wall didn’t exist”

Can’t believe America’s military and economic empire could collapse any time? Watch this video Glenn Beck warning of Food Riots, Martial Law & Gun Confiscations in America. Yes, I am taking about Food Riots and Martial Law in the superpower called America.

The foolish middle class of America believes everything is going to be fine. They believe “it can’t happen to us because it hasn’t happened to us”. Every superpower of the world has gone down with the same arrogance (or should I call ignorance).

The end result is really unpredictable, but based on the continuing cycle of economic destruction; we can take an educated guess. The final outcome, as to whether USA goes into a controlled collapse or a complete, all-out economic Armageddon where the entire world suffers with the leader (Uncle Sam), will be determined sometime in the next decade. Prepare yourself mentally, financially, physically and spiritually. We are entering an economic, social and political climate unlike anything we have ever seen in our lifetimes.

Gold is playing with $1400. In future we shall see Gold-rollercoaster up-and-down by $100-$200 dollars in a day. Today people can buy Gold in grams and silver in Kilograms. There will be a time when there will be a rush to buy…..guess what? – Gold in milligrams and Silver in Grams.

Keep eye on unfolding storm in Europe in coming years, multiply it with 10 times to know what is coming at America….There would be a time when bringing food on the table will be more important than keeping gifts under the Christmas tree...I wish not…but who knows US citizens may be hitting the bread lines some day.

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Why do I write all this? I just want to make, all those interested, aware about where we as a society are heading, so that they can protect their future generations to a possible extent. It is going to be very very ugly before it will be better. In my view, our children's world is going to be entirely different than what we have seen. We have already consumed the resources of our future generations. What we have left for them is an empty bag and the consequences of our actions (without the knowledge that it is us who are responsible for the mess our children will be in) ...while I write this I also wish that I am absolutely wrong...and our future generations will live in a better world than ours. DISCLAIMER: All the content of my blogs is presented for educational and/or informational purposes only. Under no circumstances should it be mistaken for professional investment advice, nor is it intended to be taken as such.


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13 Responses to "American Empire on the Verge of a Collapse?"

  1. chidanda says:

    The imminent collapse of us economy proves charbak wrong.you cannot dream of living in happiness till you die by borrowing money and not paying it back. YUDHISTHIR MAHARAJ narrates in no uncertain terms in the Mahabharat, while responding to yaksha prashna, the mental tortures a debtor undergoes till he pays his loan back.

  2. Stu says:

    Since the USA is the headqaurters of the feminist ideology that is destroying the world…..I’m glad to see it collapse.

  3. Chidananda says:

    This blogger is in a dream world.. only 13 trillion dollars of debt do not exaggarate things. and USA still is and will be always the world financial hub and world leader.. check your facts before writing stupid articles.

  4. Mahendra Joshi says:

    Hello Chidananda,

    I am wishing good for all those who believe the prosperity will come back to America…and I sincerely wish I am wrong….(me being wrong will also benefit my future generations.)

    But unfortunately the fact is USA’s future liabilities (Social Security and the Medicare) are well over 180 Trillion dollars which is more than three times the world GDP. Even if the entire world pours their money at the feet of America to spend it, will not be sufficient to balance the American Budget..

    We are now at a point where if the US govt taxed Americans 100% of their income, the tax receipts generated would not be enough to balance the budget. Likewise, if the US government cuts 100% of its spending including defense, but kept paying Social Security, Medicare and Medicaid, we would still have a budget deficit. It will be impossible for the US to have a balanced budget ever again.

    Forget about 100% cuts, America can’t even cut 20% of the Social Security and Medicare…There will be riots on the American streets if ever America tries to cut the Social Security. Even the imposition of Martial law won’t be able to achieve this.

    I am imagining….isn’t it? Go watch the videos of riots going on in Europe and the recent one in London.

    All the superpowers of past believed in the same thought “It can’t happen to us”…Good luck on that.

    This is exact reason why Sheepls always get slaughtered because they can’t anticipate the future…And they must be slaughtered because that is cost of being ignorant.

    Thanks
    Mahendra Joshi

  5. markadam says:

    Around 1982 and again around 1992 the economy was in dire straits. Interest rates were over 18 percent for a while in the 1980s (which is good only if you are the cash investor in an FDIC-guaranteed account). Each time there was a recovery based on some new huge enterprise. In 1982 it was the Defense buildup that led to the collapse of the Soviet Union, but also brought the world extremely close to nuclear annihilation, and also the start of the PC boom. In 1992 it was the internet boom and resulting business expansion.

    Since Bill Clinton left (no comments on his other attributes) there has been no real leader, to drive towards a dream in a manner that energizes the economy. So today the US economy is stuck in neutral, and all the bottom-feeders are eating each other.

    Those celebrating the death of the USA etc, especially from India, may not be aware that 60 percent or more of India’s IT exports are to the US. Who is going to pay for all those garish weddings with the Pakistani costumes when the US goes broke I wonder.

    Is IndiaCause considering offering Mandarin or Arabic lessons? I don’t see who else is going to survive as a powerful nation than the PRC if the US collapses.

    My point is that you can as well change the first two words of the title from “American Empire” to “Indian House of Cards”. I wonder if you have read the Panchatantra story about the Milkmaid.

  6. markadam says:

    My other point is that the US economy chart is basically a large sine wave oscillation superposed on a (so far steadily upward) mean line. A roller coaster ride. Making linear extrapolations based on the slope of the sine wave, turns out to be wildly wrong. But that is not to say that there is no cause for worry, I am very worried too. Unfortunately as the old Ziggy saying goes:
    “Worrying is like rocking in a rocking chair. It gives you something to do, but doesn’t get you anywhere”.

    My worry is far more about the people in India, who seem completely happy to be rushing like lemmings to invest in the real estate bubble, the auto bubble, the gold bubble. There is no long-term perspective of the fact that economic expansion goes in cycles. A “perfect storm” seems to be awaiting the Indian middle class, even as they sit around scratching their behinds and snickering at the imminent demise of the American dollar and all those NRIs’ wealth.

    Those who still believe that the Indian economy is “decoupled” and hence immune, have not analyzed what happened to stock prices of mutual funds that invested in India through 2007 to 2009.

  7. AZ Handyman says:

    US has turned into a banana republic now. From my own experience, When I first landed in Phoenix, Arizona 15 years ago I realized that the state and national economy is just one gigantic bubble and that the prosperity is just an illusion like water in the desert. This realization has been confirmed and vindicated now. The prosperity of “debt” which is now collapsing.
    Both Phoenix, AZ and Las Vegas, NV will be central and significant to the collapse of the west and western USA in specific. The reason being that they do not have any economy in real. Just a mirage in the desert. The boom was artificial and unsustainable. The bust will be a pain and exodus.
    Both the states were investor “pump and dump” states. Thats it. Just like a prostitute. An economic prostitute.
    The ruins of Phoenix and Las Vegas shall bere witness to a by-gone era of a modern empire in collapse. A stunning collapse!

  8. Truth Speaks says:

    I partially agree with the author that this is worst case scenario for America. if American government and people continue with their current spending spree, lifestyles, wars, meaningless healthcare spending, then yes, the author’s predictions might come true. If they mend their ways, then the collapse may not be there and instead America will be able to stop China from becoming a monsterous power in the world.

    These are the things America can do:
    1) Stop the irresponsible spending spree and borrowing from China and Saudi Arabia
    2) Avoid future wars and instead try to resolve the global issues politically and intelligently
    3) Focus on preventive health care such as fitness, nutricious (vegetables, fruits, whole grains etc) and toxin free (Non-GMO, Organic)
    4) Use energy saving LEDs, pressure cookers, reusuable utensils etc

  9. Alt says:

    Arizona seeling its state buildings:

    I read the article abt Arizona – the author Mr.Joshi is from MSM, giving a driveby version that is stupid.

    Here is the real comment abt the Arizon article –

    Looks to me like participants are buying more or less a certificate of deposit sponsored by the state and as noskralc said using the state buildings for collateral.

    Check your facts, Mr. J and get it right , too – we are not that foolish and IGNORANT…….

  10. K.S.Nagarajan. says:

    The sub-prime is the manifestation of criminal system assimilated where it trained some intelligence and economic hitmen to confuse other nations the doble edged knife satanic verses of ethics. The pumping of money for confusing religiously has destroyed the real god to rescue them. Yes U.S. can be saved from ruining if they include in the school syllabus the Bagavatha Dharma and not meddle with Indian Bagavatha Dharma. The more this Dharma grows the more people all over the universe live happily, peacefully. Happiness and peace is nowhere outside it is in our mind. So train your mind away from greed. This will definitely cure not just U.S. but the whole universe. beleive me for I am peaceful than any of my any other counter part is. None of have the choice of our birth & death and none of brought a dollar at birth nor carry one at death. Then why loot other’s.

  11. ZBK says:

    Gold is at $1522.40 per ounce and rising as of May 26, 2011.

  12. Michael says:

    You know an empire is on the verge when most of its people Honor past accomplishments more than future endevours. In the United States we are seeing more and more that we are trying to protect what we have. This is not good we, as a people, need to risk what we have in an attempt to earn a better tomorrow. This will create growth in the economy and bring about a work force that takes pride in there work. I propose that we need to build a high speed train network that is the best of the world. Completely develope new cities that overshadow that of Las Angels and New York.
    Corporate conglamerate companies also need to be brought the their knees by new small companies. Now when I say small companies I dont mean small in size but focused on one industry at a time. Unlike GE Capital, which is “To big to fail” the company build everything from lightbulbs to baby food. This means there needs to be huge corporate entity thats only purpose is to control other corporate entities. This creates a top heavy formula that is only sustainable during huge economic growth preiod. However, during economic stagnation this generates a climate where the Corprate personel cut the working class’ hours and benifits to allow the managers to maintian there numbers and rate of pay. Ultimatly leading the company to close the doors or sell to another investment company that will perpetuate the cycle. leading to the destruction of the middle class and hostilaty towards the weathly.

    our current way of doing business may leed to revolution of the working class and poor. I doubt things will be better after a revolution and dont wish that. However the fat cats of this great nation need to take there millions even billions of dollars and walk away. but before they do the Business plans of the corporations the leave must place extreme limitations on how many upper management personel are allowed and a cap on wages roughly 10% of the current wage. They will still be rich but the company would be extremly sucessful.

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