Tuesday, March 1, 2011

Five facts about the current state of America that I found both scary & interesting

1. Our national debt just crossed 14 trillion...let me say that again 14 TRILLION!!!!! In others words if everyone in this country gets taxed 100% of what they make, we still wouldnt have enough to pay for our national debt. Lets take a country..hmmm lets go China. If China finally decides they had enough of the United States's skullduggery and want their money back we are beyond screwed. 

2. The education in this country SUCKS. There are so many countries that are smarter than us. For example, kids in this country dont even rank in the top half when it comes to education. So not only are we getting broke, we are getting dumber. I would post that chart but its a bit too confusing. 

3. There are shortages in food and water, and its basic economics that if the supply goes down the price goes up. For more read here

4.The working poor in this country is increasing at a rapid rate. For example in a USAtoday article it said ,"More than 40 million people get food stamps, an increase of nearly 50% during the economic downturn, according to government data through May. The program has grown steadily for three years." The quote tells you what it is, The middle class in this country is slowly becoming nonexistent, and meanwhile the gap between rich and poor is getting bigger. Heres the article 

5. Our dollar is getting devalued to the point where it is so close to being worth nothing. Our dollar is fiat currency. In other words there is no gold to back it up. In recent times our debt has become so large that we are printing money essentially out of nothing. I talked about the awful Qualitative Easing plan on my blog here http://kevinskewlkorner.blogspot.com/2010/11/federal-reserve-is-gonna-bankrupt-our.html. We are spending and making money we dont have. Not to mention recently China and Russia came out saying they are going to quit the dollar. They know its a sinking ship. Wanna have fun? Go on this site and put in an amount. Lets say in 1913 I decided to buy a DVD (i know they didnt exist then but go with it) and it cost 10$. Do you know how much that DVD that cost 10$ would cost me today due to inflation? Well ill tell you it would cost me 222.45$. Lets try a more smaller number? I am thirsty from time traveling so I stop off in the 1960's and get a coke. Lets say it cost me 1$. Do you know how much that would cost me today due to inflation/dollar devaluation? 7.44. Heres the link before I forget for the inflation calculator http://www.usinflationcalculator.com. Its crazy but if we keep printing money we dont have sooner or later its gonna look like Germany post WW1 with people playing around with stacks of US money thats worth nothing. 

The sad part about it is, although all this stuff is happening in this country there are people who are gonna give more attention to Charlie Sheen's rants and Oscar rumors than they are what looks to be an imminent major collapse of this great country 

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