The Fatter the Government, The Skinnier the People

The Fatter the Government, The Skinnier the People

The U.S. Debt, not including unfunded liabilities, is over $17 trillion dollars.  The sociopaths who are driving the titanic will be arguing over raising the debt ceiling again soon enough.  If we look back to September of 2011, which was the last loud debt-ceiling argument, gold rose 21% in a period of three months while politicians caused a major corrosion of confidence in our leaders.  When governments are broke, everything is fair game.

Government officials don’t produce anything.  They only feed off of those who do.  As one person said, the fatter the government, the skinner the people.  And when government officials cannot meet their obligations or fulfill the promises they made to the public, they’ll figure out ways to appropriate the public’s money to fund their projects.  Government officials don’t produce wealth; they only redistribute your wealth.  Desperate government officials will always resort to expropriation, be it through inflation, debt accumulation or deficit.

If the Federal Reserve is currently buying 90% of the U.S. Treasury market and they are going insolvent, who do you think the government will lean on to pick up the slack?  The answer is YOU. Ten thousand Baby Boomers will turn 65 years-old every day until 2030.  And while the government has a debt problem of $17 trillion, not so coincidentally, our country's IRAs, 401Ks and retirement accounts amount to that same number:  $17 trillion.  What a convenient resource for the Federal Government.