Conservatives Defending Liberty

You don’t have be be a doomsayer or a survivalist to worry about the American economy collapsing. If you can read, you can be worried. You should be worried. A look around the globe shows you why, look at Iceland, Greece and Portugal for a couple answers. Could you survive or are you prepared to survive if the US economy collapses? An economic collapse is a very real danger that many people just don’t want to face up to. The American budget deficit as a percentage of our GDP is projected at 10.64% this year after coming in at 9.91% last year. Greece had a 12.7% rate and they collapsed completely.Greece has riots in the streets over proposed cuts in services, services they simply can’t pay for. Portugal is at 9.3% and they are close to collapse and cutting every social service including welfare and medical coverage for the next four or five years.

Countries all around Europe are facing severe financial problems, nations such as France and Germany have rioting taking place in the streets, many by unions, while at the same time they press the media not to cover the unrest. The crisis is so bad in Europe that they have concerns over being able to keep the Euro as a single currency. Extreme’s on both sides of the political aisle are gaining in popularity. Socialist/Communist politicians are running in what some see as European Socialist countries to begin with, the problem is these people are even farther to the left. On the other side you have far right politicians wanting to ban any further Muslim’s from being allowed to immigrate into their countries. The wheels on Europe’s cart are coming off. When that happens completely, being a survivalist will look pretty good to most people.

The United Kingdom and the Netherlands are pressing Iceland to pay them billions lost in an Icelandic bank when it collapsed. The bank was a private institution yet they are asking the nation of Iceland for the money. It got so bad in Iceland that they held a vote last week to see if the people of that country would agree to pay taxes for the next however many years to pay back money from the bank collapse. The result was 93% voted no, after the vote the government of Iceland said they would pay them back anyway. Governing against the will of the people, kind of sound familiar to anyone? Not that our government would do that. Think about this concept for a minute, nations lost money in a private business venture and now that it has failed they are going to the government of the country in which they did business and telling them to pay back debts that had nothing to do with the government. Where do governments get their money? Taxing its people of course.Why do you think that Britain is pushing Iceland for what is obviously not a legitimate debt? Simple, they are broke and need the money.

Look around and you find Spain in an economic disaster, their deficit is at 11.4% of GDP, but hey Britain has them beat at 12.8%. How long can they continue to function as is? These nations are facing huge cuts needing to be made in their socialist societies and they don’t want to or are in fear of doing it. If you think people are rioting now, just wait. If Europe goes it will take with it any chance America has to recover with it. Also consider this, Obama has borrowed so much money we can’t borrow any more. What happens when those countries need their money back. If countries have lost billions in American businesses which they have, when do they come to us as they did like they did with Iceland asking for their money back? Do you really think that Obama and his administration would not promise anything to anyone if they wanted something? And we know he would never disregard the will of the American people would he?

Look to the city of Detroit, they are now talking about bulldozing 25% of the entire city as it is standing empty. Do you really understand what this means? How many more large cities have huge tracts of run down and deserted houses? So do we simply start knocking them  down and when we finish what will we replace them with? You know we will replace them. Public housing anyone?  When nations come knocking on our doors looking for money things will go from bad to worse quick. Will this be a new tax on Americans to pay back the national debit, what do you think? Look into Europe and you see governments cutting entitlement programs, social welfare programs and you can see the reaction the public is having. Now look to Washington, Obama is still spending, increasing debt. He wants his health care bill, with that bill comes hundreds of billions in new taxes and cuts to other programs such as Medicare. Congress votes for tens of billions for unemployment compensation, the problem is we don’t have any money.

Look around and you see things barely holding on around the globe. Now imagine something like an explosion in the Middle East. If oil spikes its over for Europe, fast. They know that, they also are not really hot on the Iranian nuclear issue are they? No my friends, you don’t have to be a survivalist to worry about an economic collapse followed by a collapse of society in America, you have to be blind and deaf not to.