California Implodes, and the Real U.S. National Debt.

Greetings!

On this special weekend of memorials and barbecues, I hope everyone is doing well and taking a load off.

Two items I wanted to share:


U.S. Debt Clock.Org has a frightening yet fascinating page that every freedom loving American needs to visit.

Click here for the ugly truth (Hat tip to Dollarcollapse.com for the linkage).

Ladies and gents, America is broke. There is no way out of this debt trap except to either:

1) Take the bitter medicine of bankruptices, liquidations, defaults and higher interest rate costs on future borrowings or...

2) Inflate.

Guess which option Uncle Sam is going to choose?

The other item I wanted to bring to your attention is California's current budget crisis.

We all know that California has spent money like a rock star, financing its Leftist, Socialist and Feminist machine by issuing billions in Municipal Bonds.

Even though the State has requested a massive bailout from the Feds, it should be pointed out that the time is coming when even the U.S. Government will be shut out of the Debt markets.

What will happen when the country can no longer borrow extreme amounts of money cheaply and easily?

We need to pay close attention to the California situation because it is the true canary in the coal mine. What's happening in Cali on a micro level is what will probably happen to the Country on a macro level, once we suffer a crippling dollar collapse/debt default scenario.

As depressing as things seem, the economic situation will force everyone to make significant changes to their personal, financial, and political lives... and most of these changes will be for the best in the long run.

For example, government programs that don't cut the Cost/Benefit mustard are going to be cut. And most-favored-feminist programs will not be spared the Axe when that time comes.

While I definitely sympathize with the poor people who are going to suffer the most from these cuts, my hope is that they will be driven to search for the real causes to their suffering, as well as to seek out positive and productive solutions to increase the quality and happiness of their own lives, once they become free of the 80% of government programs that do nothing but reward and perpetuate failure.

Also, failed laws on the books that cost tons of money to enforce are going to be repealed. My guess is that Marijuana will be legal in California (and other States, when the crisis hits in earnest), in the near future. Non violent offenders will be released from the country's jails and prisons, and resources will be reallocated to pursue the 20% of individuals who commit 80% of serious criminal offenses.

Due process and other Constitutional protections will be strengthened because the prevailing attitude will be to keep innocent people out of the criminal justice system. More prosecutions, trials, and convictions = more dollars needed to incarcerate and feed more inmates.

And finally, public policy in this country is going to change. Feminist public policy will be out... marriage and family friendly public policy will be in. Men and women, left to fend for themselves after the collapse of private and public debt bubbles, will quickly rediscover that marriage is the oldest and best wealth creating institution. The people, and their elected representatives will relearn that a stable and equitable marriage culture saves billions of dollars and pays real social and economic dividends.

Less people will commit crimes, less children will be abused, and fewer children will grow up in poverty. More people will be happier and healthier, more secure in their personal and professional lives, and will be more self sufficient as part of a family unit.

But before all of these dividends can be realized, the government barriers to the free marketplace of love and marriage must be destroyed.

And since most are wholly ignorant as to how government has destroyed marriage and family life, it looks like a massive bond market collapse will be the corrective mechanism that brings us back to our senses.

Time marches onwards... and the interest on our massive debts compound every minute of everyday.

The more time we waste on ideas, movements, and programs that have proven themselves to be complete and utter failures, the less time, energy and resources we will have to elevate our society to spectacular heights of happiness, contentment, and satisfaction.

Too bad... so sad.

Gyokko.