You don’t need to be a rocket scientist…

You don’t need to be an economist either nor do you need any other kind of degree. The ship is sinking! It’s painfully obvious. Little children can understand this. Elementary school level math is enough to understand the certain demise of the US economy. Wake up people. This is a great video that breaks it down in layman’s terms in less than six minutes. Share it!

Reposted from The Burning Platform:

With the news over the weekend that Greece may be “officially” insolvent by September, and Spain/Italy not far behind, it’s probably a good time to look at the dire straits that the good old US is in as well.

One of the websites I frequent just submitted a post that shows just how bad things are here through a video that was uploaded to youtube back in March. The video was made by someone who was an accountant for 40 years, and in just 5 minutes he explains, using the governments own numbers, that the US is headed for financial collapse due to the soaring debt.

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  • Buckaroo Banzai

    Jay: well, we could dismantle 95% of the Federal Gubmint, terminate the stupid welfare programs (Medicare, Medicaid, Social Security Disability, HUD, etc.), and eliminate the income tax which is utterly inconsistent with the idea of Freedom (any system where someone else gets paid for your labor before you do is slavery, I’m looking at you, income-tax withholding)… that might give us a fighting chance.

    Since Americans have been programmed by our educational, cultural, and government institutions be freedom-hating socialists over the last 70 years, that won’t happen. So, we’re boned.

  • Incomplet

    Jay: raping poor African (and Middle/South American) countries for all their natural resources is so 1990s. I doubt there are any countries left that we don’t already own in totalitarian slavery. Except maybe Norway, I guess we could take them over.

  • Jay in DC

    There is an X factor in this equation where it would be possible to secure additional funds above and beyond what we collect in tax. Charlie has alluded to it and considering that one thing this country has in spades is weapons and bombs, it will be the only way to pay the piper. We will simply brew up another controversy to start a war with a nation with a relatively weak army and a large amount of natural resources. What other option is left for the States? None. They can only leverage the things they have and we have more weapons of war than we know what to do with. Personally, I think we should just stage a massive false flag operation on several resource rich African nations and then walk into them with impunity to seize all of them wholesale. *shrug* Not a great deal of other options at this point and the American public are as dumb as a bag of hammers so they won’t care as long as American Idol will have good judges that season.

    • True but I’m not sure if the rest of the world is going to continue to stand for that.

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