When the United States Comptroller General speaks about the state of the economy, you might want to listen. Who is the comptroller general? Well he happens to be the guy that keeps tabs on the many expenditures the country has and runs all internal audits on the financial proceeds of our government. America is going bankrupt and no one seems to care.

This is very serious, it’s down right scary and I think you’ll agree. What’s most disturbing about this report is what is said about government officials who already know about this looming event and are not even willing to talk about it. I find it hard to deny that this is not only possible, but it could already be in progress. America going bankrupt would simply mean another great depression that could last for many years, and if the spending habits do not change, how can it not go to this?

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When we look to the fed for an answer to this, it is often the same solution, which is to print billions of dollars more and force feed it to the economy. The idea is that we can pay for it later or it’ll pay for itself one way or another. This has been going on for decades and it has debased the value of the dollar to shameful lows and it really doesn’t seem possible that it can bounce back.

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