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October 2007
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The Great American Debt…

…should be scaring everyone in the world! Its increase is affecting all of us and it’s reality is truly blood-chilling. My thoughts went quickly to a blog I recently wrote defending a Shetland blogger who declared that money can’t buy happiness. As well, I just wrote about how outdoor skills can be useful to everyone for future needs.

So, what does finding happiness and outdoor skills have to do with the American debt?


Photo- Pleasure boat sales at the Cleveland Sport Show 2006

According to a spectacularly interesting website by Michael Hodges, the American debt, “…defined as the sum of all recognized debt of federal, state & local governments, international, private households, business and domestic financial sectors, including federal debt to trust funds - but excludes the huge contingent liabilities of social security, government pensions, Medicare and other government off-budget items.” comes to an estimated total of $48 trillion, or $161,287 per man, woman and child! (Read page 2- What is 1 billion?)

Mind boggling, isn’t it? How will America pull it off?

With these circumstances, it would be difficult to defend any logic that America, and countries hooked-up into its economic system, will not wind-up bankrupt given time. It doesn’t take any special amount of education for that thought. For some reason, I have visions of a new Dark Age enveloping the earth. Economic bankruptcies! Climate change! Wars over fresh water! The apocalypse?

Photo- Tanzanian orphan collecting grasshoppers for breakfast 2005

So, as we consider our own consumption attitudes, other nation’s exploitation of third world peoples and other nation’s waste of the earth’s resources for unnecessary “things”, let’s also consider the true meaning of happiness and how we can better get along with our lives, with nature and with the outdoors using skills we’ve learned. We may all need them someday!

Comments

Comment from Mind
Time October 26, 2007 at 8:58 pm

I recently read something about this debt, a pretty technical but still easy to understand explanation and guide covering the start of the philosophy that generated this debt.

As I understood it, the debt is not an accident or due to some bad economy or otherwise, it is actually engineered. The reason it can keep going on like that is that the rest of world is to involved in dollars so they don´t dare to call in the debt out of fear of an economic collapse. That way, USA can keep on borrowing money they never actually intend to repay because they know the world economy will collapse if anyone actually makes that demand. So, to use a popular word, its a kind of terror balance. In effect this means that those new cars being exported to America and all other sort of goods are not actually purchased per se if you look at the total picture. USA has reinstated slavery but this time it uses the whole world as slave labour instead thanks to economic trickery, military might and good reputation.

What scares me is that the last point, good reputation, is quickly being tore down due to the men in power behind Mr. Bush. We are in real danger now that the economy WILL collapse.

I´ll see if I find that link and post it here.

Comment from Mind
Time October 26, 2007 at 9:13 pm

Here is the link:
http://www.engdahl.oilgeopolitics.net/1973_Oil_Shock/Dollar_System/dollar_system.html

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