JIM WILLIE, "The nation is at the doorstep of systemic failure, greatly at risk of the social accelerant of Civil Disobedience tossed on the fire

"The nation is at the doorstep of systemic failure, greatly at risk of the social accelerant of Civil Disobedience tossed on the fires of social angst.Capitalism has failed in the United States of America, simply put. Its capitalist spirit was crushed by unsound money managed by a foreign owned central bank, raids upon the national gold treasury, abandonment of industrial plants, wretched economic theories, labor union backlash, the high cost of military pursuit, price inflation (in particular labor), and banking policy that encouraged a series of asset bubbles. The population is vulnerable to elite backlash of uncertain origin. The nation has never been closer to class war in its history. The nation is witnessing a climax of a systemic debt cycle. The Macro credit cycle is in the process of declaring the USGovt debt condition as unfixable and growing worse each year, a macro bankruptcy process at work. We finally see the USGovt dealing unsuccessfully with insolvency. Inescapable is the Macro credit cycle, where the USEconomy is drowning in oceans of debt, the US banks are stuck with toxic debt, the US households are weighed down by excess debt, US industry with its legitimate income is long gone to Asia, and the USGovt new debt issuance is as much a burden as debt service. The nation is plunging slowly into the Third World. Systemic failure has advanced in a grand tragic pathogenesis. The escalating gold price is urgent response."

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