|Saving Miguel - the novel that tells |
it like it is, what happens to the world
when the U.S. Government takes the
world into global economic Armageddon.
While all of these catastrophic economic events were occurring, a shaky economy threatened to collapse the European countries of Greece, Spain, Portugal, Ireland, Cyprus, and Italy. With the financial future of these countries in jeopardy, one of the bellwether currencies in the world, the Euro, fought for survival in the midst of a possible collapse of the European Economic Community.
In the 2008 presidential election, the majority of citizens in the United States liked the message of hope and change from one of the candidates. No one knew for sure where this candidate had come from or how he rose so quickly up the political food chain. Part of the nation believed he was the messiah who would unite a divided country while the rest of the nation believed he would drive the wedge even further into a divided country.
The majority of the people elected this candidate to the presidency of the United States and with Congress’s approval, the U.S. government embarked on a spending spree never before equaled in the history of the world. The government, through its entitlements and social welfare programs, supplied food, housing, medical care, and even cell phones for all most citizens who asked. The government passed economic stimulus programs designed to prop up the weak economy and provided bailouts for failing companies and industries. The President promised affordable health care for every citizen in the country and Congress passed massive health care reform, adding billions of dollars of cost to the health care of citizens of the United States. Under this charismatic president, the United States migrated towards both socialism and bankruptcy.
In 2012, the people of the country spoke again, reelected the President for another four years. The unprecedented spending spree by him and the Congress continued. The government spent far more money than they collected in tax revenues, spending money on wars, economic stimulus, international assistance, health care and domestic social programs.
The U.S. remained on the verge of bankruptcy during the President’s second term and Congress remained ineffective, divided between two very distinct ideologies. Congress debated whether to raise taxes on the rich or to cut government spending. In the end, the President and Congress could not find common ground with their differences and the country’s debt continued to rise. Unable to even propose a budget that could deal with the ballooning debt, the government took the path of least resistance and printed more money, the equivalent of an individual citizen paying his mortgage with an already overloaded credit card.
It took nine more years of reckless spending, state-supported social programs, and failed fiscal policies to take the U.S. economy into a bottomless abyss, bankrupting the country and setting off a catastrophic domino effect that brought other major economies of the world to their knees. The value of the world’s major currencies plummeted and governments were unable to pay their bills. The payment systems between countries no longer worked and with the resultant drop in consumer demand, companies could no longer pay their employees, causing massive layoffs and unemployment. With high employment and no consumer spending, the downward spiral continued with even more layoffs, plant closures, bankruptcies and entire governments collapsing. The social welfare programs that had once supplied the basic living needs of millions of people around the globe went bankrupt, leaving the vast majority of the world’s population impoverished and homeless.
I am attaching a link to an interesting article on how the world is already bracing for this upcoming global economic Armageddon. The exploding debt of the United States is not just a United States problem, it is a problem of gigantic proportions for the entire world.