"AFTERSHOCK" -2010: America Will Be Bankrupt, 40-60% Unemployment Coming - by James Holland

“Don’t Worry, Not a Single Penny of your Tax Dollars Will Fund the Bailouts.”

“That’s right. The bank and corporate bailout money is not coming from our taxes. Instead we’re just borrowing it from foreign investors. We’re also printing some of it…Of course, we will never, ever have to pay it all back, because even if we tried (and we won’t), we never could.” That is why the U.S. Government will eventually be unable to borrow money and the nation will have to start living within its means. That will be the beginning of the brave new world of life in America. The book Aftershock explains this.

While Aftershock is a scary book because of what is happening all around us, it is also a hopeful book. The nation will survive after the country stops ignoring the basic laws of economics. The three authors are optimistic that the American people will be able to make the adjustments needed to achieve economic survival without having to become survivalists who have to grow their own food and defend their homes from roving mobs with guns. They feel that even dictators will be unable rise from the chaos because Americans will be frequently changing elected government officials as soon as it’s obvious that their policies don’t work.

The nation will survive because basically the country is wealthy and will still be so after the economic bubbles have all popped and forced everyone and their government to live within their means.

For the report: BASIL AND SPICE FINANCIAL WELL BEING - 2010: America Will Be Bankrupt, 40-60% Unemployment Coming