I've been saying it for months. Our Massive Federal Debt will cause big problems, and now, it's beginning to take shape.
First, the Democratic party in control of Washington spent so much money in a failed attempt to cure the recession, they reached the debt ceiling. Then, in a fight, they forced conservative Republicans to throw away the plan to balance the federal budget and put a cap on spending. Now that the debt ceiling has been raised to meet Democrat spending obligations, the US Bond rating was lowered by Standard and Poor, one of the premiere rating agency's for worlds financial markets.
The United States National Debt is now EQUAL to the US Gross Domestic Product. This is HORRIBLE !!! Bad Bad Bad Democrats.
I've been saying it for months, this much debt can ONLY lead to WAR! And unfortunately, the next war against the US will probably be the end of humanity, World War Three.
Thomas Jefferson Himself said:
"The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporation's."
None the less, here we are and we are looming dangerously close to Disaster, globally. The national Debt could start a war, and here's how.
Prediction:
1. September 2011. Global warming and worldwide weather changes and anomalies cause drought in china, causing a bad rice harvest. Don't forget, weather anomalies are already happening globally; 300 tornadoes in the US in one day, massive super hurricanes like Katrina, tornadoes in Europe where they never were before, a complete absence of the Jet Stream in recent months, massive heat waves in Texas. Why not a drought in China?
2. February 2012. China attempting to aid it's starving citizens spends large cash reserves on purchasing food subsidies but soon runs out of money and credit because the Yen has already been purposely deflated by China. The low value Yen has no buying power and China can't buy enough emergency food subsidies for it's starving citizens. China needs more money immediately in a bad way.
3. April 2012. China demands some of it's 1.8 trillion US dollars back which it has invested in US bonds. (This might happen even without a drought and famine, since the US Bond rating has been lowered.)
4. April 2012. With borrowing overextended and debt ceiling reached, us is unable to comply. The US tells China that it must wait for the Bonds to mature before the money can be returned.
5. May 2012. China imposes a Trade Embargo in retaliation for the non repayment by the US. They believe they can threaten the US into repayment.
6. June 2012. Within weeks, cheap Chinese goods are being smuggled into the US because the Chinese export Tariffs are now too high.
7. July 2012. Entire smuggling routes are established into the US through Taiwan and Japan by private shipping companies.
8. November 2012. Within months china grows weary about US trade embargo violations and sends military ships to south china sea to form smuggling blockade.
9. December 18th 2012. China sinks one smuggling ship and takes hostage another. (They have been known to do this already.) Us sends war ships to china sea. Military standoff occurs.
10. December 20, 2012. China Sinks a second US company's smuggling Freighter. In Retaliation, the US. Sinks Chinese Destroyer Ship.
11. 9 hours later, December 21, 2012, 4:16 PM, China launches the first of 43 Inter-Continental Nuclear Ballistic Missiles (ICBM) at United States, containing 430 nuclear warheads rated at 20 Megatons each.
12. Despite US launching an even greater amount of missiles at China in retaliation before we are hit, both nations are destroyed completely. Hundreds of millions of lives are lost in the USA, and Billions of lives lost in China.
Moral of the story; Do not posses 1.8 Trillion dollars of another nations debt, and Do not borrow 14 Trillion dollars as a whole national debt. Someone is guaranteed to get pissed off somewhere down the road.
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Just remember, this could have been avoided, through past actions, and changed in the future, by simply voting Republican, at EVERY election. Even if you hate the Republican candidate, Vote for him, because the Republican Ideology IS the Limitation of Government, (Cut, Cap and Balance the budget), unlike that of the Democrats, which is to Increase the size of Government with more services and more taxes.
It's all about the Ideology, never the candidate.
-Saintsnick
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