Evil in Suits and Suites
C.S. Lewis and Thomas Jefferson on debt as a disguised and diabolical evil.
The United States government debt is approaching 34 trillion dollars.
That means the government has spent 34 trillion dollars more than it has taken in from citizens’ taxes.
Suppose you add the government’s “promises to pay” for programs for which the government has no money, such as Social Security, Medicare, government pensions, etc. In that case, the total government debt exceeds 120 trillion dollars.
Quadrillion is the number after trillion.
These amounts are incomprehensible to most Americans.
Maybe that’s why few Americans are talking about the government’s debt.
Even worse, fewer politicians in Washington, D.C., who are responsible for government borrowing are discussing government debt.
How Bad Is It?
In a preface to his book, The Screwtape Letters, Christian author C.S. Lewis summarizes the subtle nature of what he calls" “bureaucratic crimes.” Lewis writes:
“I live in the Managerial Age, in a world of “Admin.” The greatest evil is not now done in those sordid “dens of crime” that Dickens loved to paint. It is not done even in concentration camps and labour camps. In those we see its final result. But it is conceived and ordered (moved, seconded, carried, and minuted) in clean, carpeted, warmed and well-lighted offices, by quiet men with white collars and cut fingernails and smooth-shaven cheeks who do not need to raise their voices. Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the office of a thoroughly nasty business concern.”
Our nation’s debt has placed our country in “hell on earth.”
There is no way out of the diabolical trap. A “black swan event” may become the excuse the government needs to “reset” the financial system in an attempt to get out of its financial jam. The shock of the reset will be brutal for those who aren’t paying attention. The black swan and reset could come as early as next week, next year, or the next decade. It’s only a matter of when and not if.
“The accumulation of debts is a most fearful evil.”
- Thomas Jefferson, 1787
The problem is identifying the fearful evil when it resides in suits and suites.
"rrr Rick Kuter"
A financial apocalypse. The government attempts to "sell U.S. debt" to foreign countries and other buyers and nobody shows up at the Treasury auction. So.... The U.S. states itself buys it own debt. That's called "monetization of the debt." It's like you not being able to pay your credit card, so you open ANOTHER credit card to pay the old credit card and current expenses for which you have no revenue. Pretty soon, your word, your money, and your "promise to payback" are all meaningless to stores with which you do business. So, the only way to survive is to "reset" and "start over." For the government to do such a thing, they must close the current Central Banking system, go "cashless" and turn to CBDC with NEW digital Central Banks. It would be a brand new system, and the government would be able to control EVERYTHING - how much you spend, how much you make, how much you should be penalized for your Carbon Footprint (by taking away CBDC's) from your account. Jefferson knew that DEBT leads to the tyranny of totalitarianism. We about to get a taste.
What happens in the "black swan" event?