The fall of the United States

March 12, 2011 at 6:18 pm | Posted in Uncategorized | Leave a comment

The accounting in state and federal governments today is so cooked, it would make Enron blush. The politician’s general strategy is to basically postpone the problem to a later date. The problem with this philosophy is that when you blow up, you tend to blow up BIG. There is so much off-balance-sheet debt on our state government’s books, it’s not even funny. This is beyond being disingenuous, it’s outright fraud. The world’s economic climate will crash to the point where we probably won’t be using dollars as a form currency.

Can you imagine the repercussions of this? The federal government could theoretically become irrelevant overnight! They could no longer pay for the military because people wouldn’t accept dollars as
payment.

Weird. . .

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