Monday, February 13, 2012

The Emperor has no clothes - economic and cultural crash

When I was a boy I remember being told the story about the emperor with no clothes and how he foolishly took the word of his advisers, but then one small boy saw the truth and spoke up. Sadly today we can report what is obvious to some, which is that there is coming a great financial crash to rival any in the past. And still we have those who man the ship and are the economic mouthpieces of our media elite, ridicule such observations. Perhaps it is that they fear speaking up on such issues believing that in so doing it will become a self-fulfilling prophecy. But the fact and the reality are out there for those who will take a moment and investigate.

America's debt is beyond recovery. Apart from the current National debt in America passing the 15 Trillion mark, having gone up from 10 trillion dollar mark in 2008, there's the added unfunded liabilities such as Social Security and Medicaid which in effect take their national debt to around 100 Trillion dollars. That is almost unfathomable and yet it is politics as usual in The House and Senate and the White House in America. No one is willing to make the hard decisions. They all want to feather their own nests.
Consider the chart below as provided by the Federal Reserve Board.

Total Credit Market Debt Owed
and then read Michael Synders blog at

Something to mull over isn't it? Here in Australia we have the same attitude - stick your head in the ground and hope it will all go away.
Yet it isn't just an economic crash we are speaking of is it? How will people respond in the midst of being left destitute and perhaps so destitute they wonder how they will feed themselves and their family? Will they be like the children in Lord of the flies? The Bible warns us many will be lovers of themselves, void of any love for parents or others. That is what we are already seeing happen around us today in our culture.

In the midst of all this, truly only God's peace will suffice.


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