America Has Become a Third World Nation
Sunday, April 7, 2013
When I wrote Part One of this series which makes the case that America is a Third World nation, I received mostly supportive comments. However, I received several hate-filled comments from people who are living in an abject state of denial as to what America has become. Part One only dealt with some of the economic indicators which are strongly suggestive of the fact that we have become a Third World nation. Part two of this series examines the same claim from a much broader point of view by considering a number of factors.
Out of Control Debt
Third World countries have spiraling out-of-control debt. Standard & Poor’s made it official when it changed its label for America’s national debt from “stable” to “negative.” Subsequently, America is now officially a “Third World country”. Meanwhile, JP Morgan Chase, Citigroup and Bank of America each report billions in quarterly profit, while the US is facing debt restructuring similar to Greece, Italy, Spain and Cyprus.
The debt crisis has also spread to nearly every state, as 46 states out of 50 states are on the verge of bankruptcy and many of our cities are going broke. Detroit is the epitome of a Third World city. America’s infrastructure is collapsing as evidenced by the pitiful condition of our roads which are quickly obtaining Third World status.
The out-of-control debt found in the Third World is constantly being used against these countries by organizations such as the World Bank and the IMF. Globalist banking organizations use the debt to begin to acquire a nation’s infrastructure. It happened in Bolivia through an unholy alliance between Bechtel and the World Bank when water rates quadrupled and it became illegal to even reuse irrigation water runoff and to trap rainwater. Colorado just enacted the same two laws within the past year. Very soon America, the banksters will own every aspect of sustenance. Does anyone still believe the movie, The Hunger Games, wasn’t delivering a clear message as to what lies ahead for all of us unless we can wake up enough people in time and change our course?