Did the EU Bail Out the US in December?

It’s Wednesday. So it’s time for more bad news. If you’ve been paying attention, you will have already noticed that the United States is headed toward a cliff of imminent destruction at astonishing speeds. Our financial situation is dire, our political situation is dismal, our international situation is tenuous, and our cultural situation is pathetic. It’s sad. I didn’t think my generation would live to see this, but it looks like America is past the point of no return in its drive toward complete collapse.

The most recent sign of doom in the financial sector is the alarming news that China drastically cut its US Treasuries buying in December. Japan also liquidated a significant amount of Treasury Bonds. In fact, the only reason that US Treasuries weren’t in the red for December was thanks to one curious savior: Belgium (aka, the EU).

This is a very bad sign. The EU is itself troubled by massive debt, and they won’t be able to keep buying ours. The sad fact is that China could destroy our fiat economy, and they know it. They send us a message every so often to that effect. Like Proverbs 22:7 says, “. . . the borrower is slave to the lender.” Well, China won’t let us forget it. And we won’t let the EU forget it. It’s almost certain that the US Treasury had to call in a favor to stay in the black, but our favors are running thin.

There are other countries rising that could and do offer better opportunities for investment than we can anymore. New capital and new wealth are the only things that keep our fractional reserve system (read: Ponzi scheme) barely afloat. When that new capital starts going elsewhere, we lose. Big time.

And we’re seeing it happen. Without an invading army. Without a famine or drought or natural disaster. We are being conquered. But we can’t blame anyone but ourselves. As Will Durant said, “A great civilization is not conquered from without until it has destroyed itself within.”

8 responses

  1. No I do not blame ourselves.. I blame the politicians whom keep raising the debt ceiling. Of we the voting public are at fault because we keep voting the same idiots back in office.

  2. Mr Minkoff, you may want to take a basic high school economics class before you write about things that you obviously don’t understand.

    • Let me guess…You learned Keynsian economics in high school and your teacher had a Che Guevera poster on the wall behind him.

    • What’s needed to understand that the Federal Government spends more than it brings in? What’s needed to understand that the Federal Reserve printing more paper money, devalues all money even further? What’s needed to understand that there is roughly the same amount of takers as producers in this country, and unfortunately, the number of takers is increasing relative to the number of producers?

  3. “A Nation can survive its fools and even the ambitious, but it can not survive TREASON FROM WITHIN… An enemy at the gates is less formidable for he is known and he carries his banners openly, but the traitor moves among those within the gate freely. His sly whispers rustling thru all the galleries, heard in every hall of government itself. For the traitor appears, not as a traitor, he speaks in the accents familiar to his victims and he wears their face and their garments. He appeals to the BASENESS that lies in the heart of all men. He rots the soul of a Nation. He works secretly and unknown in the night, to undermine the pillars of the city. He INFECTS THE BODY POLITIC, so that it can no longer resist. A murderer is less to be feared.”
    – Cicero 42 B.C.

  4. the government is just as bad as a great amount of lazy let someone else foot the bill and carry my butt people in this country, the good for nothing people who run this government are playing a fools game while letting a communist country foot the bill. when the well runs dry and it will this country will burn .

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