US Is Beyond Bankrupt
BY TYLER DURDEN
New Zealand tech CEO, Kim Dotcom, did the math on the United
States’ sovereign debt and he tweeted a thread about it, saying it may the most important thread that he may ever make.Kim explains that US spending and debt have spiraled out of
control and the Government can only raise the money it needs by printing more of it, which means that hyperinflation is guaranteed.He says this has been going on for decades and there’s no way to fix it and that the US got away with this for so long, because US dollar is the world’s reserve currency.When the US Government prints trillions, it is
thereby robbing Americans and the entire world in what he calls the biggest theft in history.The United States has not had a surplus or a balanced budget since 2001. In the last 50 years, the US only had 4 years of profit. In fact, all the profit the US had would not be enough to pay for 6 months of the current yearly deficit. So how did the US pay for things?US spending and debt have spiraled out of control and the government can only raise the money it needs by printing it. This causes inflation. It’s like taxing you extra because you pay more for the things you need, and all your assets decline in value.The reason why the US got away with it for so long is because the USD (US Dollar) is the world’s reserve currency. Nations everywhere hold USD as a secure
asset. So, when the US government prints trillions, it’s robbing Americans and the entire world. The biggest theft in history.The problem is that this has been going for decades and there’s now no way to fix it. The reality is that the US has been bankrupt for some time and what’s coming is a nightmare: Mass poverty and a new system of control. Let me explain why this isn’t just doom and gloom talk.Remember, the only way the US government can operate now is by printing more money. Which means hyperinflation is inevitable.The total value of ALL companies listed on the US stock market is $53 trillion. The real value is much lower because the US has been printing trillions to provide interest free loans to investment banks to pump up the stock market. It’s a
scam.Most of the $53 trillion is air.US total debt: $90 trillionUS unfunded liabilities: $169 trillionTotal: $259 trillionMinus all US assets (every piece of land,
real estate, all savings, all companies, everything that all citizens, businesses, entities and the state own): $193 trillionBalance: – $66 trillionThat’s $66 trillion of debt and liabilities after every asset in the US has been sold off.Do you understand?So even if the US could sell all assets at the current value, which is impossible, it would still be broke.The US is beyond bankrupt.You probably wonder why are things still going? Why didn’t everything collapse yet.It’s all
perception, denial and dependency.The perception is that the US has the largest economy and the strongest military in the world. But in reality, the US is broke and can’t afford its army.The denial is that all nations depend on a strong USD or global markets collapse.The reason why this
keeps going is because the end of the US is the end of western prosperity and an admission that the current system failed as a model for the world. It doesn’t change the reality. The collapse is inevitable and coming.What are our leaders planning?You may have heard about the “great reset” or the “new world order”. Is it a controlled demolition of the
global markets, economies, and the world as we know it?Without a controlled demolition the world will collapse for all, including the elites. The world has changed so much, and nothing seems to make sense anymore, the blatant corruption is out in the open, the obvious propaganda media, the erosion of our rights.The above is an excerpt of the longer piece.
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