This is a plain, clear and unblinking analysis of the situation the United States finds itself in. As it stands, the United States cannot meet its unfunded debt obligations. That is another word for “bankrupt”.
It is for this reason that hyper-inflation will strike the United States, and its money will be as valuable as reichsmarks were in 1923. I still have a 100,000 reichsmark note in my collection of coins and banknotes. I look at it every now and then to remind myself of just how easily money – and the corrupted culture it supports – can be and is debased.
A friend of mine writing from Virginia wrote me (in a letter intended for a newspaper in his area) that the passage of Obama-care is the end of your republic – that it will cause a revolt against the government. I suspect that he may be right. Then we will see the true nature of the dictatorship that Obama and his flunkies have prepared for you who live in what was once the “land of the free”.
I’m sorry if I seem more pessimistic than you, Mr. Pelerin. The fate of your civilization has been decided. You have been weighed and counted and found wanting. You will be separated from your prosperity and your civilization will be torn to bits.
