(snip)"Let this be fair warning to all governments, especially our own, regarding the grave perils of overspending and overbuilding ... overtaxing its people while squandering their wealth ... overextending the military and ... overinflating the economy while debasing the currency.
If each of these blunderous policies were being scrupulously avoided in America today, we might be able to breathe a sigh relief. But, alas, nothing could be further from the truth. The facts:
Overspending: U.S. government spending is out of control. The cost of Medicare alone could bust the country, according to the U.S. Government Accountability Office (GAO).
Overbuilding: The housing and construction boom in the U.S. has been the greatest of all time. The ensuing bust, now already under way, could be equally great.
Overtaxing: Despite repeated promises by our leaders to stem the rise in taxes, overtaxation remains a huge burden for most Americans. This year, for example, Tax Freedom Day didn’t come until April 26, according to the Tax Foundation. Until that date, every single penny earned by the average American needed to be set aside for paying this year’s taxes. Only after that date was your money yours to keep.
Overextending the military: The Pentagon reports that the U.S. government has virtually exhausted the resources of its armed forces and must now pull more National Guard troops away from their homeland defense and disaster relief operations in order to continue supporting the efforts in Afghanistan and Iraq.
Meanwhile, due to its lack of forces, military experts are saying that any conflict with the Persian Gulf’s largest power — Iran — would have to be restricted almost entirely to an air war. A U.S. ground attack would be almost impossible. (For details, see my report, “Eye of The Storm.”)
Overinflating the economy while debasing the currency. This is ongoing. As I demonstrate in “The Greatest Scam of All Time,” the true inflation rate in the United States is at least 7% right now, sinking your purchasing power at much faster rate than the government recognizes.
Meanwhile, here in Europe, the value of the U.S. dollar continues to sink. The dollar bought 1.21 euros at its peak in 2000. Today, it buys only 0.79 cents."(snip)



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