{"id":207526,"date":"2020-05-20T06:23:46","date_gmt":"2020-05-20T06:23:46","guid":{"rendered":"http:\/\/www.thetruthseeker.co.uk\/?p=207526"},"modified":"2020-05-24T07:26:49","modified_gmt":"2020-05-24T07:26:49","slug":"fear-of-the-coronavirus-has-absolutely-destroyed-americas-future","status":"publish","type":"post","link":"https:\/\/www.thetruthseeker.co.uk\/?p=207526","title":{"rendered":"Fear Of The Coronavirus Has Absolutely Destroyed America\u2019s Future"},"content":{"rendered":"

Michael Snyder \u2013 The End of the American Dream May 18, 2020<\/strong><\/h1>\n

\"\"<\/a><\/p>\n

Very few people are talking about it, and even fewer are bothering to object, but by borrowing and spending so much money our politicians are essentially feeding America\u2019s financial future into a wood chipper.\u00a0 It took from the founding of our country all the way to 1981 before the U.S. national debt reached one trillion dollars.\u00a0 Incredibly, we just added more than a trillion dollars to our national debt in less than a month.\u00a0 On April 5th, we were 23.9 trillion dollars<\/a><\/strong><\/span> in debt, and by May 4th we were 25 trillion dollars<\/strong><\/span><\/a> in debt.\u00a0 Fear of the coronavirus has caused nearly all of our politicians to suddenly become socialists, and we are being told that trillions more in spending may be coming.\u00a0 This is complete and utter lunacy, and we are leaving future generations of Americans with a mountain of debt that would absolutely crush them.\u00a0 But of course our society may not even last too much longer at the rate we are going.\u00a0 For years I have been loudly warning that our absurd national debt is an existential threat to America\u2019s future, but at this point both major political parties have completely abandoned any sense of fiscal responsibility.\u00a0 Now our national debt is rapidly speeding toward the 26 trillion dollar mark, and the House of Representatives just passed a bill that would borrow and spend an additional 3 trillion dollars<\/a><\/strong><\/span> that we do not currently have\u2026<\/span><\/p>\n

Last week, House Democrats unveiled their latest pandemic-relief package. The bill combines aid for families, a bailout for struggling cities and states, and additional funds for testing, tracing, and hospitals. The price tag is about $3 trillion\u2014and it comes just weeks after the president signed an economic-relief package worth about $2 trillion.<\/span><\/p>\n

Since we are destroying the nation anyway, why don\u2019t we make the grand total a nice round\u00a010 trillion dollars<\/strong><\/span><\/a>\u00a0like the progressives at the Atlantic are suggesting?<\/span><\/p>\n

After all, we added close to 10 trillion dollars to the national debt during the Obama years and hardly anyone seemed to mind.<\/span><\/p>\n

Of course Trump is trying to outdo Obama.\u00a0 We have already added more than 5 trillion dollars to the national debt while he has been in office, and it looks like more \u201ccoronavirus relief bills\u201d could be on the way.<\/span><\/p>\n

Yes, borrowing and spending money that we do not have gives us an economic boost in the present.<\/span><\/p>\n

But it is also money that we are stealing from future generations, and we are systematically destroying the bright future that they were supposed to have.<\/span><\/p>\n

Since Barack Obama\u2019s first day in the White House, we have been stealing an average of more than 100 million dollars from our children and our grandchildren every single hour of every single day.<\/span><\/p>\n

And under Trump, that pace has actually increased.<\/span><\/p>\n

I know that figure is difficult to believe, but run the numbers yourself and you will see that I am correct.<\/span><\/p>\n

What we are doing to future generations is beyond criminal, and it should make every American deeply angry.<\/span><\/p>\n

But instead, many Americans are convinced that we aren\u2019t spending enough.<\/span><\/p>\n

In fact, Mark Cuban believes that the government should be issuing $1,000 checks to each household\u00a0every two weeks<\/strong><\/span><\/a>\u2026<\/strong><\/span><\/span><\/p>\n

The federal government has already sent a one-time check of up to $1,200 to millions of American families, but according to Mark Cuban, the stimulus is not enough to offset the economic pain of the coronavirus pandemic.<\/span><\/p>\n

The billionaire entrepreneur proposed the government issue $1,000 checks to every American household every two weeks for the next two months, with the caveat that the money must be spent within 10 days of receipt or it expires. It would cost about $500 billion, Cuban estimated.<\/span><\/p>\n

Everybody knows that you should never go full Weimar Republic, but since we are essentially doing that already, why not make it $10,000 for every household every two weeks?<\/span><\/p>\n

After all, $1,000 doesn\u2019t go as far as it once did.\u00a0 These days, you can blow $1,000 in a single trip to the grocery store.<\/span><\/p>\n

Of course I am being facetious.\u00a0 We are literally watching our leaders destroy everything that all previous generations of Americans fought so hard to build, and it is absolutely infuriating.<\/span><\/p>\n

At this point even the ultra-liberal Washington Post is admitting that \u201cthe national debt is out of control<\/strong><\/span>\u201d<\/a>, but of course the Post also keeps on promoting ultra-liberal spending policies.<\/span><\/p>\n

We are like a morbidly obese guy that can\u2019t even fit in his own bathtub anymore because he is so addicted to food.\u00a0 Our addiction is debt, and no matter how loud the warnings get we are just going to keep going back for more.<\/span><\/p>\n

Ultimately, the only way that the U.S. is going to be able to service this exploding debt is to wildly devalue the currency.\u00a0 This is the road that the Weimar Republic, Venezuela and so many others have gone down, and it always ends in utter disaster.<\/span><\/p>\n

Only this time the biggest economy on the entire planet is doing it, and the currency that we are devaluing is the reserve currency of the world.<\/span><\/p>\n

Sadly, there is no turning back now.\u00a0 Both political parties are completely committed to this course, and the mainstream media is fully behind them.\u00a0 In fact, CNN insists that \u201cnow is not the time to cut back on the borrowing<\/strong><\/span>\u201d<\/a>.<\/span><\/p>\n

So when will be the time to cut back on borrowing?<\/span><\/p>\n

If we need to add trillions to the national debt to deal with a relatively minor crisis like this coronavirus pandemic, what in the world are we going to do when really bad stuff starts happening?<\/strong><\/span><\/a><\/span><\/p>\n

Last November, I was absolutely horrified when our national debt hit the 23 trillion dollar mark<\/strong><\/span><\/a>.\u00a0 But by the time this November rolls around, we might be at the 27 or 28 trillion dollar mark.<\/span><\/p>\n

Unfortunately, we throw the word \u201ctrillion\u201d around so much these days that most Americans don\u2019t even realize how much money a trillion dollars actually is.<\/span><\/p>\n

If you would have been spending a million dollars every single day since Jesus was born<\/a><\/strong><\/span>, you still would not have spent a trillion dollars by now.<\/span><\/p>\n

We are talking about an amount of money that is absolutely unimaginable, and we just added that much money to the national debt in less than a month.<\/span><\/p>\n

Thanks to our free spending politicians and everyone that is supporting them, there is now no future for this country.<\/span><\/p>\n

We are literally committing national suicide in front of the whole world, but we are so utterly consumed by our addiction that we don\u2019t even realize that we should be deeply ashamed of ourselves.<\/span><\/p>\n

About the Author<\/strong>: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of\u00a0The Economic Collapse Blog<\/strong><\/span><\/a>,\u00a0End Of The American Dream<\/strong><\/span><\/a>\u00a0and\u00a0The Most Important News<\/a><\/strong><\/span>, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available\u00a0on Amazon.com<\/strong><\/span><\/a>\u00a0including\u00a0The Beginning Of The End<\/strong><\/span><\/a>,\u00a0Get Prepared Now<\/strong><\/span><\/a>, and\u00a0Living A Life That Really Matters<\/strong><\/span><\/a>. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this \u201cAbout the Author\u201d section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on\u00a0Facebook<\/span><\/a>\u00a0and\u00a0Twitter<\/a><\/span>, and any way that you can share these articles with others is a great help.\u00a0 During these very challenging times, people will need hope more than ever before, and it is our goal\u00a0to share the gospel of Jesus Christ<\/strong><\/span><\/a>\u00a0<\/strong><\/span>with all many people as we possibly can<\/span><\/p>\n

 <\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In a chilling re-enactment of Germany\u2019s Weimar Republic, America is in the process of committing national suicide by drowning itself in debt. Michael Snyder explains <\/p>\n","protected":false},"author":39262,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[61,66],"tags":[],"class_list":["post-207526","post","type-post","status-publish","format-standard","hentry","category-Commentary","category-Economics"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/207526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/users\/39262"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=207526"}],"version-history":[{"count":4,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/207526\/revisions"}],"predecessor-version":[{"id":207531,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/207526\/revisions\/207531"}],"wp:attachment":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=207526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=207526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=207526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}