Who will bail out the Feds?

Gary E. Sattler
Gary E. Sattler

They said it couldn't be done.
They were wrong.

Since the late 1970's I've been laughed at, both behind my back and in my face, for saying this day would come. Now, here it is. Your government, as proven by it's own financial declarations subject to GAAP calculations, is financially insolvent. There is now no earthly possibility that your government can ever repay it's debts. That is, no way short of an overt act of Almighty God.

All you need to do is read the recent article posted by worldnetdaily.com. That two minute read will expose to you just how hopelessly mired in debt your government is. The article states in part: "...total federal obligations under GAAP accounting now total $65.5 trillion....(which) not only now exceed four times the U.S. gross domestic product, or GDP, the $65.5 trillion deficit exceeds total world GDP."

Do you understand what that says? In short, it means that in one full year the entire world does not generate enough new capital value to cover America's current governmental debt load. The only thing keeping us afloat is that constant hum of currency presses you hear churning out phantom dollars. They call it "monetizing debt," and it means your cash is rapidly becoming nothing but trash.