national debt

At some point soon – because of the unending spending and mounting U.S. debt – there will be the largest financial crisis the world has ever seen, because the U.S. government’s debts are the foundation of the entire world’s system of trade, banking, and finance.

Social Security and Medicare’s unfunded liabilities total over $100 trillion! People believe, falsely, that these promises are funded in some way, that the money they’ve paid into the system over the years will be there for them. That’s all nonsense. The money was never invested. And you don’t own the rights to anything.