Everyone with any intelligence in the US and around the world knows that there is no way for Washington to manage the tens of trillions in debt and unfunded liabilities short of ultimate repudiation or hyperinflation. Thanks to Wall Street bankers and the Anglo-American financial elite, our ruinous debt-financing Ponzi scheme has also been exported to most Western nations. These politicians have made a compact with the devil in delivering vote-buying programs and postponing the interest and debt reduction to future generations. Watch the cuts and subsequent riots in Greece, Ireland, the United Kingdom and you'll see just a little of the future for the United States with its faltering world reserve currency status.
The question is, should the citizens and the formerly sovereign states of the United States wait for Washington's foreign creditors to seize the remaining government and private assets left after our politicians have finished with us?
Our politicians are in the process of totally bankrupting the country, individual states and municipalities and in less than a decade will have confiscated most private wealth and placed tens of trillions of more debt on future generations. Should we act now before Congress and our politicians loot our personal, retirement and real estate wealth, destroy our Treasury obligations and kill the dollar and democratically take matters into our own hands before the looming dollar and debt crisis?
One alternative is for Americans in the individual states to organize and work toward a "Washington National Debt Constitutional Amendment" and repudiate much of the Washington government debt before it bankrupts every private American citizen. Otherwise, the massive increase in the level of indebtedness due to the meltdown and depression may first bring down the Treasury market followed by the US dollar and this will destroy the American economy for decades to come.
