Today your average American would never believe it. For one, the public is only being spoon-fed the news that the media declares as news — not what the true salient issues of today are. Two, because of being dished this ‘news’ for such a long period of time, anything like this article is likely to be dismissed as a wacko conspiracy theory. Three, today’s culture cares more about whether the Lakers won (then riot if not) and if they can keep up with the Kardashians. As long as people can have the latest iPhone and continue as a shopping mall regime, everything is just dandy. When the big economic hit comes, reality will slap 99.9% of the unprepared/unaware public in the face and create a crisis of existence for America as we know it. Collapse is a foregone conclusion, there is no coming back. How America will cope is the bigger question. The tone may have a negative ring to it, and it’s wished to be wrong, but it is what it is.
American businessman and former third-party presidential candidate Ross Perot is refusing to endorse either Mitt Romney or Barack Obama in this year’s election battle, saying that neither candidate has a viable debt reduction plan.
“We’re on the edge of the cliff, and we have got to start fixing it now. Otherwise, we’re leaving a disaster to our children’s and our grandchildren’s future,” Perot said in an interview last week with USA Today’s Richard Wolf.
The national debt has quadrupled in the 20 years since Perot first started sounding his warning about government spending. Now that the national debt has exceeded the gross domestic product, the government has to print more and more money as overseas investors become less and less willing to lend more.
Perot is now warning that without substantive economic fixes of a magnitude far greater than those being espoused by either presidential candidate, the United States could even lose its sovereignty. Continue reading