No longer deniable: Under runaway debt burden, America’s currency is headed for total collapse
by Mike Adams
Tuesday, July 26, 2011
Treasury Secretary Tim Geithner recently told FOX News, “We write 80 million checks a month. There are millions and millions of Americans that depend on those checks coming on time.”
That quote, all by itself, tells you just about everything you need to know about what America has become and why it’s now headed for certain economic collapse. In a nation that once began with the idea that government should stay out of the way and leave people alone to create their own abundance through hard work and private savings, we now have horrifyingly transformed into a nation of 80 million dependants who need their government checks each month just to survive.
And why does the government “owe” all these people their benefits such as social security? Because the U.S. government confiscated that money from the people by skimming it off their paychecks, year after year, and then promising all the workers they would eventually get that money back.
That was all a Big Government lie, of course. Social Security was the greatest financial con ever perpetrated on the American people. It’s really just Big Government saying, “We’ll force you to give us your money, and then we’ll spend it all, and we’ll somehow promise to pay you back someday.” Except that for tens of millions of Americans who have paid into social security like me, we are unlikely to ever see a dime of that money because the government is going to financially implode well before we ever reach the benefits age.
The financial blowout of the world’s greatest debtor