3 Ways the Government Shutdown forecasts a totally boring federal collapse By Joe Jarvis - January 22, 2019
Imagine: the federal government collapses, poof, gone.
Maybe it’s 2034, the date the government admits it can’t pay it’s $50 trillion Social Security bill.
Or maybe it’s earlier. The national debt is at almost $22 trillion, plus the massive everything-bubble created by the federal reserve money printing. Those don’t bode well for the future of the dollar.
It is inevitable that all this debt and the debasing of the US dollar will eventually hurt.
The longest government shutdown in history is a tiny preview, a little case study on what is coming when the federal government shuts down for good.
When it can’t pay its bills, when it runs out of cash flow, or when the US dollar has no value, what will happen?
|