IMF declares USA is headed straight into a dead end
"There is no medication strong enough to quell this chorus of fiscal insanity because these voices are not based in reality."
April 13, 2011
By Mike Adams
Thanks to the recent (and laughable) "largest annual spending cut in history" announced by Obama and Boehner, it is now abundantly evident that the U.S. government is headed toward a complete economic meltdown that will make Fukushima look chilly by comparison. While cesium-137 may have a half-life of 30 years, and iodine-131 a half-life of 8 days, if the U.S. government continues on its current path of spending trillions of dollars it doesn't have, the half-life of the value of a dollar may soon be measured in hours.
Want to buy a loaf of bread at the store? Bring a bucket load of cash, because by the time you get there to buy it, the price may have doubled yet again, Zimbabwe-style. Such absurdities are now headed our way, and they will arrive sooner that you've been led to believe.
The downward spiral of the debt addiction
That's because in order to avoid a government shutdown, the U.S. government has recently decided to go bankrupt instead. Already drunk from the freewheeling spending of other people's money, the feds have now resorting to the intravenous mainlining of new debt just to take another "hit" that will get them by for another week or two.
To call the U.S. political leaders "debt junkies" is an insult to heroin addicts. After all, heroin addicts mostly destroy only themselves and their loved ones, not entire nations. But Washington's new policies -- endorsed by both the Democrats and the Republicans -- are based on the street drug equivalent of snorting five lines of cocaine while mainlining heroin while riding a double hit of meth chased down with the desperate chugging of unfiltered Russian vodka smuggled into the country in used gasoline cans.
Like a drug addict passed out face-down on the sidewalk in a pool of his own vomit, wearing nothing but a ragged pair of underwear soaked with his own urine, the United States federal government is now beyond the window of opportunity for rational intervention. It is now a basket case of "schizonomics" where key economic decisions are made by leaders who, instead of following the laws of economics, follow the persistent voices in their own heads. And those voices keep repeating the same disturbing mantra: Spend! Spend! SPEND! Read More
