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BSOSCBlog.com • View topic - Personal Level Perspective On Approaching Economic Collapse

Personal Level Perspective On Approaching Economic Collapse

Personal Level Perspective On Approaching Economic Collapse

Postby jpf1030 » Tue Aug 16, 2011 4:29 pm

Howdy All,

I'm posting the below "hit-home" analogy on why we are rapidly heading toward an inevitable national economic collapse as the numbers are reduced to a personal family level ratio. It then becomes glaringly apparent why we are almost to the economic train wreck. Our good friend and BSOSC member, Mac, sent this to me instead of posting it here, so I'm doing it for him!

We had a great BSOSC meeting on our ICE (Intentional Community Economy) stressing the urgency of implementing it on a much larger scale because we see the urgency of having a system in place to enable all to continue in personal production and commerce with each other when the dollar collapse hits us. I defy anyone to deny the reality of the inevitable results of the below breakdown of the continuously increasing debt level. How long do you think a family cutting $385 per year from their spending while adding $16,500/yr. in additional unpayable debt, not to mention accumulating interest We have the best community economy foundation built of any we have seen. We encourage you locals to get involved asap. For you non-locals, we likewise encourage you to read all we have posted about it here on the blog/ forum, while wishing you the best of success in quickly getting prepared in this and all areas.
...jpf
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If you know anybody who just can't grasp the incredible failure of this so called "debt limit deal".....try this.
It can't get much clearer.

Federal Budget: $3,820,000,000,000 (3.82 Trillion)
Income: $2,170,000,000,000 (2.17 Trillion)
New Debt: $1,650,000,000,000 (1.65 Trillion)
Amount Cut: $38,500,000,000 (38.5 Billion) – about 1% of the total budget.
National Debt Total: $14,271,000,000,000 before this years budget.
Harry Reid is calling this an “historic amount“.
The President said it is a “historic deal”.
John Boehner simply said, “We’ve come to an agreement”.
Let’s Put This In Perspective.
It helps me to think about these numbers in terms that we can relate to.
Let’s remove eight zeroes from those numbers and pretend this is a
household budget for the fictitious Smith family.
Amount of money the Smith family spent this year: $38,200
Total income for the Smith family this year: $21,700
Amount of new debt added to the credit card this year: $16,500
Outstanding balance on the credit card: $142,710
New outstanding balance on credit card: $159,210
So last week, the Smith family sat down at the kitchen table
and agreed to cut $385 from their yearly budget.
A historic amount!
Visit SOS General Store for all your
jpf1030
 
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