Implosion is imminent. Gold is up, stocks are down, (with much more room to drop) banks are slowly admitting their compromised positions with government paper and some have moved to stronger gold positions. Global recession has been on the map since China's economy started contracting. U.S. debt has soared and the paper the treasury issues is becoming devalued, but there is truly nowhere for it to go as our own economy slows. Oil has lost 70% of its value, taking the economies of the Middle East with it, though they have been able to stave off drastic cuts in domestic spending so far, it has come at a high price as they now try to sell bonds to institutions that are already holding too much government debt.
It must be obvious to anyone (if they aren't too busy taking selfies) that our indebted government has no intention of every repaying that debt. They will not repay China, or the UK, or Japan. The U.S. Government is a deadbeat. But, it has collateral. It has vast amounts of Western states it has occupied for over one hundred years.
The question one must ask oneself is this: What happens when the debt collector comes to collect?
One thing we can all agree on is that our government is full of cowards and negotiators. We know this because they have not stood up for principle when it came to Constitutional violations. They turned a blind-eye to scandals of the Obama Administration that would have brought down any other president, even with the traitors in the media providing cover.
It is no mere coincidence that the economic crisis of 2008 and this one arrive as a two-term president is leaving office. Some balls can only be kept in the air for so long, but on the eve of pinning someone else with the blame is as good a time as any to let them drop. But, this crisis might be much more severe and much more damaging than any before in history precisely because nothing substantial has been changed since the last one. The only true difference is that there are no more deep pockets out there to tap, except the private accounts of citizens and large corporations.
The U.S. Government's violations of the Constitution and the promise of a small federal government focused mostly on internal conflicts between the states and external conflicts with other nations have lead to the debt. Its constant meddling in internal state's issues and the desire to expand its power and control over everything have led it into every aspect of our lives.
The last economic crisis led to the Tea Party, which was a rebellion of middle-class individuals angered over the way the last economic crisis was handled, which was basically bailing out the banks at the expense of small businesses and individuals. There was no debt-relief to compensate them. There was no tax-debt relief to ease their conditions. So, average people rose up to challenge the powers that forgave every debt, but the ones they owed. Because they were decent people, they stopped short of violence. They worked within the system to elect different representatives and changed the House and Senate into Republican controlled institutions.
Promises were made for their votes: promises to de-fund Obamacare; to hold bankers accountable; to reduce public debt; to re-establish Constitutional controls over the federal government. They reneged on those promises and now they get Trump.
The Republican establishment hates Trump, they hate Cruz and struggle mightily to support anyone, Bush, Kasich or Rubio, anyone but Trump or Cruz. They want someone they can control when the next economic crisis hits, because they will need someone who will divert all funds toward their purposes and deflect blame away from those who most deserve it. This is not to say that electing Trump or Cruz will mean the end of their efforts, it will probably just put those efforts into overdrive to coerce them, if that is with whom they are forced to work.
Here's what will not happen: the people will not be forgiven of their debts or the taxes they owe.
They will be held accountable for every penny. Their assets will be liquidated to supply the insatiable appetite of their betters. Their labor will be needed as bargaining chips with the rest of the world. The natural resources of the citizen's land will be needed to pay for the excesses of the establishment. In fact, the establishment is not even that concerned that the United States remains an independent nation. They would gladly make an agreement with the UN and perhaps even China to "resolve" their differences by forfeiting sovereignty. Sovereignty is the cheapest asset they have with which to bargain away their debts.
The only ones left to pay for it all are the people. Many of these people don't understand or appreciate the values of this nation enough to understand the import of that agreement. They have become accustomed to slavery already. They crave the safety of slavery over the sacrifice of liberty. They will not stand up for anything. For all of the flag-waving and anthem singing done at every public event, there is no patriotism left in the United States, because it has boiled down to nothing more than a flag and a song. The principles behind them are meaningless to them.
But, what of those Constitutionalists, those patriots, those who do hold the self-evident truths to be the height of human accomplishment? They will be annihilated, because either they will be imprisoned or dead as they struggle for the righteous restoration of those principles. Perhaps those principles will die and the world will go back to the natural order of dominance and slavery, where higher principles of logic and liberty will be banished for good.
Understand one thing: every government agent, from local cop to the president is an author of the death of those principles and the death of liberty. When it comes your time to die for those principles, before you are enslaved to a foreign power, remember how proudly they sold them out.