Tuesday, May 17, 2011
But it's worse than the Redcoats...
By Silver Shield
May 17th, 2011
It did not take long, but the Treasury has started the thieving. Since we have not raised the debt ceiling yet, the Treasury has started to dip into pensions.
They will buy a couple of days by not meeting its investment into government retirement funds. This is just tipping the toe in the water of the trillions that we will see before this is all over. The debt ceiling will be raised, some BS spending cuts will be announced, and the Fed will continue to print more money/debt. T
here will be no grand reform and everything is going to plan as the world gets ready for the largest wealth transfer in human history.
To the millions of government employees that have been riding the gravy train are going to meet a very rude awakening when the dollar collapses. This group of citizens will have their paradigm shattered when the wealth that they thought they had is wiped away.
They will also be out of a job, and realize that they are ill prepared to join the real economy. During the collapse of the Soviet Union those that worked in the system were the last to adapt to the new paradigm, often failing to adapt at all.
Those that see this mathematically inevitable collapse coming and actually do something about it, will have a huge head start as the rest of the world tries to figure out what the hell happened.