Generation Debt

1 of 12

Generation Debt

And the talking heads sing the same song
Words rearranged but the message remains the same
The man in the back with a grin on his face
And his hands in your pockets
Searching for the pennies that you don’t have
Reaches in your mind and whisper
Don't you want credit?

And shiny new cars mocking you don’t belong
The Big screen televisions saying you gotta have one
So your mortgage the future generation
For instant gratification
Not a penny in your pocket, but mouths to feed
And the man is laughing cause he planted the seed
But who gives a fuck?

In the end it all comes down like a hammer
Puitting the final nail in the coffin
Your spirit dead and buried in debt
Your children hungry and the croc on TV shedding tears
Sights set on the future generation
Enslaved by your irresponsible actions
See what you’ve done generation debt?

And the beat goes on and clowns will dance
Like monkeys on the corner for pennies in a hat
With no place to rest their heads and troubled minds
With holes in their hearts and holes in their pockets
Wishing for enough pennies to buy a gun
To put a hole in their heads
Are we dead yet?

He who has the gold shall be King

Over the past 5 weeks there has been a concerted effort to beat down gold from its recent high of 690. The fight is on by the cartel – made up of governments and a couple of bullion banks – to keep gold from going over 700.00.

However, every time they tried to do this at other levels, 300, 350, 400 450, 500 etc., they lost out and they will once again lose. Watch the ride cause it’s gonna break through 700 soon and then shoot for the moon.

You see, governments hate gold because it shows the weakness of their currency which is a reflection of their economy. Currency meant something when it was backed by gold and the strength of it was a reflection of the amount of gold a country used to back its currency. No gold equals paper that can go worthless over time. The US currency has dropped over 20% in the past 5 yrs and there is more to come.

He who has the gold shall be king.

What I've Done

48 trillion dollars

48 trillion dollars

$161,287 per person – man, woman and child

72% or 35 Trillion of this debt created since 1990

This debt is made up of federal, state and local government, households, business and financial sector and federal debt to trust funds

At this time I think the best thing would be for the US to let their dollar fall so far that they can pay off their debts or else there is no hope, short of lenders writing the debts off. In any case most of the real value of that debt is lost, it would just be best for borrower and lenders to just write off the loss and move on because the longer the US government tries to hold off the inevitable – depression like winter – the worse it will be. This thing is beyond funny now because many families will suffer and the pain will be unbearable but I think that the US should bite the bullet now and just devalue their currency in a big way to accommodate the paying off of this debt.

Many individuals, financial institutions and other corporations will collapse, many are already walking away from houses they could not afford to begin with and this number will only increase. Unfortunately not just the US will suffer but most of the world, some more and some less than the US, but, the crisis will be wide spread, make no mistake about that.

The Empire is Crumbling

The facade is falling apart. The US economy is crumbling and the speed at which it is crumbling is increasing. By the end of this year the streets will be filled with tears, by the end of 2008 the US will be a graveyard of poverty that will be the result of the scam pulled on the US population by the ruling class. Unfortunately there is no turning back, it has happened throughout history to any overindulgent “empire”. However, this time it is worse because the greed of the ruling class today is unmatched at any point in history.

It takes many grains of sugar to make the candy we eat and much blood sweat and tears to produce that sugar. Similarly it takes many people getting poor for one person to get filthy rich and that, my friends, is unfolding in the US.

Gold to Hit 2000 in 4 years

It is my opinion that the price of gold will reach 2k within 4 years. The reason being that at some point the price of gold will hit its all time high of 850 in real value and in today's dollar that is over 2k.