Here in America, we have passed the tipping point: There are more people on the government dole than there are working and paying the bills. There is no longer an escape. The slide towards financial collapse has begun. Once the powers that be see this, they will try to avoid the anarchy that happens when the free money machine stops, and there will be a massive crackdown.
It is mathematically certain.
March 26, 2013
[There are some outs. None of them particularly pleasant.
- Entitlements are drastically cut. The scale required to balance the budget will result in riots, starvation, inadequate shelter, inadequate health care, and large numbers of premature deaths.
- The deliberate killing of “undesirables”. In some scenarios this is just a more direct version of 1. above. Another scenario is that the “undesirables” are the moderately wealthy (the extremely wealthy can almost always escape) and the looters extend their “on the dole” careers until they have consumed all that is consumable including most of each other.
- Massive influx of productive people and wealth from other parts of the world. This wealth and productivity would be taxed to continue supporting paying out the “entitlements”. The addition of new people to the roles of the beneficiaries would have to be essentially stopped with productive people having to work, essentially, “until their dying day” to pay off the debt without adding to it.
The third option is the least unpleasant and had some hope of occurring. This is because other countries are ahead of the U.S. on the collapse timeline. The wealthy of those other countries will, and are, fleeing. If the U.S. can attract those people then it may become a viable option. The biggest problem is that those on the dole are also fleeing areas of economic collapse. As long as the U.S. has “free” food, shelter, education, health care, ad infinitum it will be just as impossible to keep them out as has in the past.
I think the most likely scenario is that the government will not cut entitlements or stop adding people to the roles of those on the dole. The political reality will be that it is always easier to continue the looting tomorrow than it is to trigger the riots today. The end result of this is that the inevitable collapse is more complete and more people will die.—Joe]