Military Review

The coming bankruptcy of America ("The American Conservative", USA)

38
The coming bankruptcy of America ("The American Conservative", USA)“Have the good times ever ended?” Merle Haggard complained in 1982 year in his song.


It turned out not forever. As a matter of fact, at that moment they were already returning - in the near future we were expected by Reaganomics, the revival of the American spirit and the end of the Cold War that devoured our lives. However, whoever wins the election now, demographic and economic realities do not give us grounds for optimism.

Between 1946 and 1964, 79 was born over a million people. It was the largest, most educated and most successful generation in stories America. Bill Clinton and George W. Bush, born in 1946, belong to its first wave.

What is the problem? Imagine that 75 millions of these 79 live to 66 years. This means that almost 2030 million baby boomers will retire annually from 4 to retire. That is, over the next 18 years, 11 millions of new retirees from this generation will be able to qualify for Medicare and social security programs.

Add to this the immigrants from the same age category, note that the boomers live longer than the “Great Generation” and the “Silent Generation”, and we will get an early and inevitable increase in spending on large social programs.

To provide retirees with the promised medical care, they will have to reduce payments and benefits and raise taxes. In addition, for the fourth time in a row, we are confronted with a deficit of almost four trillion of our budget in excess of 1 trillion dollars. To balance such a budget without reducing spending on defense and social programs will not work.

Everywhere — in California, in Wisconsin, in New York — we see the same process at the state level. The authorities freeze salaries, reduce pensions, cancel projects. California and Illinois are on the verge of default. Cities like Detroit, Birmingham, Stockton and San Bernardino have already crossed this line.

If we talk about national defense, then the question is, how long can we afford to spend more on it than the next ten countries combined? And how long can we continue to defend the many countries that are half a world away from us? How many more wars worth trillions of dollars, such as Iraq and Afghanistan, can we carry on borrowed money?

Moreover, the era of large national projects for us is over.

Franklin Roosevelt had New Deal and World War II, Eisenhower had road construction, Kennedy had a space program, Lyndon Johnson had Great Society, Reagan had military buildup and tax cuts, Bush had two wars and again taxes, Obama - Obamacare. However, we have no more money for such things. Only debts and deficits stretch to the horizon.

Europe is already where we are heading. In the south of the Old World - in Spain, Italy and Greece - the policy of economy begins to threaten public order. The countries of the north of Europe, in turn, no longer want to pay for other people's social guarantees.

Different levels of government in the United States spend 40% of GDP, while taxes account for only 30%. This means that it is necessary to raise taxes and cut government spending. The only alternative to this is to destroy the debt by depreciating the dollars in which it is nominated with the help of organized inflation by the Fed.

However, you can only rob your creditors once. After that, no one else will give you a loan.

There is one more circumstance that is rarely talked about. Workers replacing baby boomers largely belong to minorities. Blacks and Hispanics now make up 30% of the population, and their share continues to grow rapidly.

In many cities, the number of out-of-school minorities of these two minorities is close to 50%, and for many of those who are still graduating, math, reading, and natural sciences remain at the seventh, eighth or ninth grade. Can they make the same contribution to the modern economy as the baby boomers who showed the best results in the history of the country on the entrance tests in the 1960 and 1970's? In a global perspective, our academic performance is heading towards the level of the Third World.
Now everyone is talking about how to improve the test results. However, despite the record and continuing growth in investment in education in terms of each student, no one yet knows how to achieve this.

In addition, if boomers were mainly born in families in which the father and mother were married and lived together, in the Latin American environment, the extramarital birth rate is 53%, and in the African American environment - 73%.

Among the white poor and workers, he has now reached 40% - that is, almost twice the level of black America in 1965, in which Pat Moynihan published his report on the crisis of the black family. There is an obvious correlation between the extra-marital birth rate and the rates of drug use, non-attendance of school, crime and jailing.

Some of us are often accused of the fact that, like a shepherd from a fairy tale, we shout all the time: “Wolves, wolves!” But you should not forget that one day the wolves did come.
Author:
Originator:
http://www.theamericanconservative.com/buchanan/americas-bankrupt-future/
38 comments
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  1. Armored optimist
    Armored optimist 8 November 2015 06: 19 New
    +6
    This is not even the entire US government debt, it is only 15 trillion.
    The picture is taken from here:
    http://ibigdan.livejournal.com/8978622.html
    1. Don karleone
      Don karleone 8 November 2015 06: 23 New
      +4
      This box looks like a USA coffin soldier
      1. nils
        nils 8 November 2015 09: 13 New
        +2
        Quote: Don Karleone
        This box looks like a coffin


        Obama on the lawn in front of the White House drinks kefir directly from the bottle. Nearby an elderly American stops. He stares for a long time, then says sympathetically:
        - No, son. Will not help.
      2. Hon
        Hon 9 November 2015 00: 13 New
        +1
        old songs about the main thing
    2. Taagad
      Taagad 8 November 2015 09: 30 New
      +5
      Guys, so what to do? Change dollars for rubles?
      1. alicante11
        alicante11 8 November 2015 09: 43 New
        +1
        Say goodbye to your capital and learn to work honestly.
      2. AlNikolaich
        AlNikolaich 8 November 2015 10: 17 New
        +6
        Quote: Taagad
        Guys, so what to do? Change dollars for rubles?

        Did the shekels run out? lol
        But seriously, America has been buried for about fifty years, but it still doesn’t ...
        Change dollars for gold, for gold ...
        1. 33 Watcher
          33 Watcher 8 November 2015 10: 47 New
          -1
          Quote: Taagad
          Guys, so what to do? Change dollars for rubles?

          Yes, nothing, to do, to live and that’s all. In America, however, as with us, all the time, everything is getting worse. Life is getting more expensive - the dollar is getting cheaper. And another hundred years will get worse, and everyone will not care. And the fact that they go out of business, that’s all garbage. They are the ancestors of the modern economy, to the last resort of which they will invent something new ...
          How much have all world currencies depreciated over the past hundred years? Ten times. And the dollar, and the ruble, and the pound. And nothing essentially has changed.
        2. iConst
          iConst 8 November 2015 13: 00 New
          +2
          Quote: AlNikolaich
          Change dollars for gold, for gold ...
          - It is not profitable for gold to an individual: VAT is levied.
      3. python2a
        python2a 8 November 2015 15: 17 New
        +1
        It should have been done yesterday!
      4. Sid.74
        Sid.74 8 November 2015 16: 19 New
        +1
        Quote: Taagad
        Guys, so what to do? Change dollars for rubles?

        If we consider the collapse of the US economy as a fait accompli, then all currencies will subside. The financial market will simply collapse, because only the US has the amount of debt to external creditors and domestic ones equal to 62 trillion. There are still EU countries, Japan, etc. In other words, everyone will get it. And according to some American academicians, the US debt, along with various derivatives, private bank debts and households, prefectures and states, is estimated at 240 trillion. In any case, even 62 trillion is a debt that cannot be repaid.
        12 October 2015. The total US consolidated debt (public and private) increased over the second quarter by $ 2,7 trillion to $ 62,1 trillion (as of June 30 2015), which is 350% of US GDP (in March it was 330%). Earlier, the 18 of September, the US Federal Reserve, trying to hide such a significant increase, stopped publishing a schedule by which you can immediately see the size of the total debt.

        12 October 2015. Analysts from Goldman Sachs - one of the largest investment banks in the world - have said that the third wave of the financial crisis has hit our planet. In a simplified form, their sentence sounds like this: everything is getting cheaper, we are sliding into a deflationary spiral, while attempts to solve the problem by actively printing money fail over and over again. Experts from Citigroup, the largest financial conglomerate in the world, say the same thing.

        And after deflation in the US, hyperinflation can begin ... US securities will turn into a pumpkin after the fact. Everyone will buy securities of the real manufacturing sector, energy companies, and so on. And their number is limited. crying
        And there will be a dollar on the streets to carry the wind, as the faded foliage, and even a beggar will not bend down to pick it up.
  2. Igor39
    Igor39 8 November 2015 06: 21 New
    +5
    Glad for America, everything is fine, it should be so.
  3. apro
    apro 8 November 2015 06: 26 New
    +5
    It is not grateful to bury the SSA, but I want to dance on the grave of my enemy, but only the USSR and the PRC really fought with it and Russia today is only a double cow for amers, and does not take any actions to change the situation. The problems of amers are their internal problems and external participation is not observed.
    1. iConst
      iConst 8 November 2015 09: 26 New
      +6
      Quote: apro
      ... but only the USSR and China really fought with him
      - China until the 90s, by and large, was violet-perpendicular to the United States. It was a country with unevenly developed industry, without special technologies and with a communist ideology.
      But the Chinese were closely watching the USSR and reached conclusions on time, and most importantly, actions.
      He gained strength and weight over the past quarter century.
      Quote: apro
      ... and Russia today is only a double cow for amers, and takes no action to change the situation.
      - Not true. She was a cash cow under Yeltsin. Putin pulled the British-American oil companies that pumped oil by the tail, and received a penny on the budget: why would the whistle-blower with Yukos last for so many years?
      And that which does nothing does, even how. Only efforts are concentrated in strategic issues, and not on momentary effects: for example, gaining real sovereignty whose main component is a way out of the dollar space. But you won’t go out alone, once, and you won’t convert the economic model overnight - two.
      Quote: apro
      The problems of amers are their internal problems and external participation is not observed.
      - Well, how can I say - geopolitical influence - how is it? Achieved by a set of measures with the countries of the region: long-term programs, investments, arms sales, joint projects, construction of strategic facilities, such as nuclear power plants ....
      1. apro
        apro 8 November 2015 09: 49 New
        +1
        Konstantin in vain are you talking about the PRC war in Korea is the war between the PRC and the SGA the rest are for furniture, and the Vietnamese epic the share of participation of the USSR and the PRC was almost equal. And the events on the square? The PRC resisted and crushed the rebellion.
        When ebn was one thing now, the export of money, and the independence of the Central Bank, is still far from complete liberation.
        No one is deliberately destroying the SGA as the USSR fell. Americans create problems and then offer their solution in their favor, fraudsters that you lose something.
  4. EvgNik
    EvgNik 8 November 2015 06: 31 New
    +3
    Began to think - it's good.
    However, you can rob your creditors only once.
    And this is generally a masterpiece of thought processes. Prior to this, they thought that you can rob forever.
    1. apro
      apro 8 November 2015 06: 38 New
      +2
      Well, why once the Anglo-Saxons managed to rob Germany and Russia twice in the last century and nothing got through.
    2. iConst
      iConst 8 November 2015 09: 37 New
      +3
      Quote: EvgNik
      Began to think - it's good.
      However, you can rob your creditors only once.
      And this is generally a masterpiece of thought processes. Prior to this, they thought that you can rob forever.
      laughing
      As history shows, yes, endlessly. People in a significant amount (more than half for sure) even feeling I get along as rabbits go into the mouth of a boa constrictor.
      Examples: countless crashes of the pyramids in the 90s. And MMM-2 (finally tin)? laughing
      It is not for nothing that the fox and the cat sing: as long as the trunks are alive, we began to be deceived by life ...

      And:
      3. The broad masses have a weak ability to understand.
      4. The masses have unlimited ability to forget. "
  5. Koshak
    Koshak 8 November 2015 06: 48 New
    +2
    "Glad for America, everything is fine, it should be so."

    The main thing is that everything is fine with us drinks
  6. Jarilo
    Jarilo 8 November 2015 06: 58 New
    +5
    A. Dvorkovich: Russia must pay for the US financial stability. These are “our” liberals, this is how we live.
  7. Monster_Fat
    Monster_Fat 8 November 2015 07: 23 New
    +9
    So far, such as Chubais, Kudrin, Gref, Naebulin, etc. freely sit in their chairs in other US countries, do not worry about their future.
  8. nemec55
    nemec55 8 November 2015 07: 46 New
    +5
    His problems like dirt, yesterday I drove 120 km overnight on the Kokchetav-Omsk highway, then it’s a pit or a ditch despite the fact that it’s a federal highway. ). I'm not talking about the state of emergency that the barracks are just covering us, then the residential building is now a crane. And remember how Fili (Kirkorov) was asked about his house somewhere in Miami or something like he said <You still haven’t seen Polezhaev’s villa> That is how we live .
  9. rotmistr60
    rotmistr60 8 November 2015 07: 49 New
    +4
    I think America is not too worried about this. They are sure that, as always, they will get out and still remain in profit.
  10. SeAl2014
    SeAl2014 8 November 2015 07: 51 New
    +2
    It’s sad that this crumbling monster can pull others along with it. It is necessary to leave in time from its dependence.
    1. ver_
      ver_ 8 November 2015 08: 09 New
      +1
      ... this is being done at present and quite successfully, and the beginning in an independent banking system that is not tied to a swif and is under the control of the United States ...- will work soon ..
  11. AlexTires
    AlexTires 8 November 2015 08: 23 New
    +1
    And again, America divides the world into white and black, looks back at other countries and scares readers. And not a word that in the near future the United States will have a serious discussion about its behavior in the world. And then, who knows where the flood of refugees will flow from: from south to north or vice versa.
  12. Svetovod
    Svetovod 8 November 2015 09: 02 New
    +2
    In debt as in America's silk, adnaka. After a beautiful life, it is difficult to pass on to the times of rogues. For America, these were ordinary times, the writer O. Henry in almost every story mentioned this side of American life.
  13. Ilya77
    Ilya77 8 November 2015 09: 28 New
    0
    We heard about this bankruptcy, we have been promising for more than a dozen years, only the Russian economy managed to bend successfully during this time, and the US economy comes first ... And given how much money we invested in US securities, after we went bankrupt we absolutely f * ck come.
    1. iConst
      iConst 8 November 2015 09: 47 New
      +1
      Quote: Ilya77
      We heard about this bankruptcy, we have been promising for more than a dozen years, only the Russian economy managed to bend successfully during this time, and the US economy comes first ... And given how much money we invested in US securities, after we went bankrupt we absolutely f * ck come.

      1. Where did the Russian economy "bend"? Is it possible in more detail?
      2. The United States comes first with the efforts of all other creditor countries.
      Here, finally, a funny song - the USA borrow from countries, which they then strangle with the same money! Absurdity! (from).
      3. Bankruptcy. So it’s great - everyone will get f * ck! Real boys (Lyashko type) will be delighted!
      But seriously, yes, it will shake, only with what would Russia be (having water, energy resources (pour in), almost the entire periodic table, agricultural land, etc.) to bend? Like iPhones disappear - byad ...

      Dont Panick, Monsieur ... laughing
  14. Afinogen
    Afinogen 8 November 2015 10: 01 New
    +1
    America's upcoming bankruptcy


    It’s not long left, next year everything will begin (maybe this year)yes All significant forecasters have the last president of the mattress.
  15. AlNikolaich
    AlNikolaich 8 November 2015 10: 30 New
    +1
    All this is ridiculous, if it were not so sad! Any financial strains in America too much
    speak in the rest of the world! Bankruptcy of the hegemon, even in the case of the created and workable individual financial system of Russia, will lead to indescribable hemorrhoids! At least with the poor
    and hungry neighbors ... And in the world there will come such a mess that sodom does not recognize its homorra!
    1. apro
      apro 8 November 2015 10: 38 New
      +1
      Quote: AlNikolaich
      that sodom does not recognize his homorra!

      Well said let me privatize.
      1. AlNikolaich
        AlNikolaich 8 November 2015 10: 51 New
        0
        Quote: apro
        Quote: AlNikolaich
        that sodom does not recognize his homorra!

        Well said let me privatize.

        The authorship is not mine. Something from the Odessa-Jewish!
  16. Vladimir 1964
    Vladimir 1964 8 November 2015 10: 39 New
    +2
    This is not a comment, Dear colleagues. Type of question. This is the second article that is published a second time during the week. Are these mistakes of the admin or such a joke? no
  17. Kopeikin
    Kopeikin 8 November 2015 12: 01 New
    -1
    Quote: AlNikolaich
    Quote: Taagad
    Guys, so what to do? Change dollars for rubles?

    Did the shekels run out? lol
    But seriously, America has been buried for about fifty years, but it still doesn’t ...
    Change dollars for gold, for gold ...

    What 50 years, more than 80 already shout that the decaying West and the United States will collapse from day to day. It’s just that countries (united Korea, USSR, Yugoslavia) are dying, governments and regimes are overthrown, development vectors are changing, but “decaying” lol West / America both stood and stand, and even improve their position. I have me Xrena Challenge as they say! hi
  18. Kopeikin
    Kopeikin 8 November 2015 12: 26 New
    0
    In 50-70 years, it will be written in Russian school history textbooks: "In the first quarter of the 21st century, after the global economic crisis, the United States and the European Union managed to straighten economic indicators and show% growth, unlike the Russian Federation, where the economy was still storming ..."
    Note, it will not be written that the Russian Federation has invested its money in the development and maintenance of the US economy (if interested, you can look for economic news). No one in the lesson of history will not say about the hopes and predictions about the death and degradation of the Eurozone. History states the facts, and at least a hundred times break your head on reinforced concrete, you will not see a single line about the dreams and hopes of individuals! An example is the school history books of the Russian and Soviet period. Only the facts and the line of the party (CPSU / United Russia).
  19. marinier
    marinier 8 November 2015 12: 28 New
    +5
    Dobroe vremia sutok g-da!
    To 4to jdet v konse konsov Karfagen (usa), ni-kto ne somnevatsa!
    Ni-4to ne ve4no pod Maand !!!
    No xotelos-bi g-da po bistro i pri nashej zizni videt nizvergnutim etot kop4en-
    -lyciver.na zemlia !!!
    Uz o4en etot lycifer bit zaderjat na etom world.

    PSKarfagen (usa), dolzen bit razrushe! I posipan zout, Tut dvux mnenij a tem bole somnenij bit ne mozet !!! negative
  20. moskovitt
    moskovitt 8 November 2015 12: 35 New
    0
    ABOUT! Good old barrel organ "kirdyk America"! The whole USSR was waiting for this kirdyk from day to day. The USSR is dead, America is still successfully "rotting"))))
    And it is so rotting that this year a record number of Russians rushed there .....
  21. olimpiada15
    olimpiada15 8 November 2015 13: 33 New
    0
    The lack of security of the dollar and its uncontrolled printing led to the fact that, in contrast to national currencies, the dollar became a coupon subject to priority redeeming in any country, which leads to depreciation and inflation in the country, in the amount of stowed dollars.
    In fact, using the dollar as a means of payment, the whole world pays tribute to the United States, they can only print so much as to cover their expenses for the maintenance of the media, watering all those whom they rob, preparing coups, providing terrorists of all stripes, etc.
    While the world will use the dollar, the states will provide for their unlimited needs at the expense of the whole world and will not face any bankruptcy. Such inflation, which impoverishes the peoples of the world, is absent in the states themselves.
    The whole world will suffer from US bankruptcy, except for the states themselves; they do not take away other people's coupons.
  22. Ilya77
    Ilya77 8 November 2015 15: 09 New
    +1
    Quote: iConst
    Quote: Ilya77
    We heard about this bankruptcy, we have been promising for more than a dozen years, only the Russian economy managed to bend successfully during this time, and the US economy comes first ... And given how much money we invested in US securities, after we went bankrupt we absolutely f * ck come.

    1. Where did the Russian economy "bend"? Is it possible in more detail?
    2. The United States comes first with the efforts of all other creditor countries.
    Here, finally, a funny song - the USA borrow from countries, which they then strangle with the same money! Absurdity! (from).
    3. Bankruptcy. So it’s great - everyone will get f * ck! Real boys (Lyashko type) will be delighted!
    But seriously, yes, it will shake, only with what would Russia be (having water, energy resources (pour in), almost the entire periodic table, agricultural land, etc.) to bend? Like iPhones disappear - byad ...

    Dont Panick, Monsieur ... laughing

    And in which did not bend? If compared with the Soviet Union, it was bent, and even how. You don’t have to put your caps on it, this periodic table, as you put it, hasn’t gone anywhere, only now the profits from it have gone into the pocket of individuals for already 20-25 years. With agricultural and in the USSR there were problems, and now there’s nothing to be said about us, if you dig deeper - one fig is all on import.
    As for the fact that in the first place at the expense of the creditor countries this is nonsense, in the first place they are at the expense of the real sector, if they were a bubble - who would have brought their money to them?
  23. olimpiada15
    olimpiada15 8 November 2015 17: 23 New
    +1
    Quote: Ilya77
    ... if they were a bubble - who would carry their money to them?

    Suckers carry money in a bubble, killing the economy of their country and investing in the development of the economy of their enemy.
    There are still footmen who lobby for US interests, for which they have their own good piece.
    The United States lives beyond its means, and this is a fact. They have a powerful economy, but much more is spent on ensuring their interests in the internal affairs of most countries of the world, more than GDP and public debt.
  24. Dry_T-50
    Dry_T-50 8 November 2015 18: 37 New
    0
    There was already this article
  25. YurokR
    YurokR 9 November 2015 10: 39 New
    0
    Quote: Monster_Fat
    So far, such as Chubais, Kudrin, Gref, Naebulin, etc. freely sit in their chairs in other US countries, do not worry about their future.

    I hope it was sarcasm belay