The U.S. government is financially self-destructing, just like Greece. Its tax revenues are falling, its spending is increasing, and it is entirely dependent on the generosity of foreigners who are willing to lend it more trillions of their dollars this year than they did last year.
Inevitably, the day will soon arrive when foreigners stop increasing the amounts they lend to U.S. politicians. On that day, the entire house of cards will topple.
One morning, not too many months from now, you will awaken to discover that paper dollars are suddenly worth a fraction of what they were the day before. Grocery store shelves will be empty before you get there. Lines of cars at the few stations still selling gasoline will stretch around the block.
You might be able to actually buy some gas if you bring pre-1962 silver coins. Otherwise, you’d better get used to walking.
Here is a poetic quote about how our rulers are mishandling the situation, from Joel Bowman in The Daily Reckoning:
“In a misguided effort to rescue the economy from the untold horrors of the ‘abyss,’ the prophets of modern central planning seek to transfer society’s means of production from the most to the least productive class; from private fist to public mouth; from worker to moocher; host to parasite.”