America’s Death Predicted In Just 3 Years!

Posted on | September 2, 2009 | No Comments

Author’s Note
This article has been read by most members of the House and Senate, as well as White House staff. What follows is information the government and mainstream news media do not want US citizens to know. However, this information needs your family’s full attention and diligence as US citizens if we are to save America. Please research the facts, confirm them, then get busy waking up your fellow Americans so we can save our country—please—do it for our children and their future, if not for yourself or your country.

America’s Death Predicted In Just 3 Years! by Xelan Bonn, MBA (Sept 9, Revised Sept 11, 2009 | 12:25 am EST)

America’s financial house is on fire and soon you and your family could lose everything you have worked hard for—your home, car, retirement, safety, security, but mainly your country! In about 3 to 5 years you may find out the hard way unless you get into this fight right now in 2009—a fight for the very life of America itself.

Here are the 5 key things that are going to destroy your future and they are all converging as we speak. Learn these 5 aspects well and teach them to your fellow citizens:

1. Under all scenarios with our current spending path, in about 20 years America will be using all of its tax revenues to pay off the interest on the money it has borrowed—there will not be a dime for any other expense—not military, not healthcare, nothing—a terrifying fact! [reference video]

2. Current Social Security Trust Fund will be bankrupt within only 10 years under all current scenarios, even if America throws the gate of immigration open to 20 million people a year in a desperate attempt to increase the number of taxpayers (in fact, that would speed America’s collapse). Most Americans age 55 and lower today will not get SS benefits ever, and those who do get SS now will have their benefits dropped completely within 10 years—not a dime! [reference video]

3. Compounding the fiscal threat, Medicare & Medicaid system are currently collapsing due to government healthcare cost rising at twice the rate of inflation. Although the private health care system is 34% cheaper (even with insurance companies in the mix), the true drivers of healthcare costs are not being addressed in the healthcare bill proposals so cost are still expected to escalate even after bill passage—especially if government assumes full control (instead of 50% control) of the healthcare system that suffers from multibillion dollar fraud. [reference video]

4. The current deficit spending (borrowing money each year to pay for the federal budget) has now piled on so much to the National Debt Total that America’s world economic standing, financial and economic stability, and ability to repay its obligations are in serious question in world investment markets. Fiscal, monetary, and economic factors now project the US is on the edge of total financial market collapse—within hours, on any given trading day, a ” run on the dollar” could occur making the US dollar virtually worthless. [Ref A | B] [Ref video documentaries]

5. Any new or sustained spending bills, including Afghanistan War, cap and trade, healthcare, or other bills that raise deficits or taxes instead of dramatically lowering costs toward rebounding the economy and repaying debts will likely result in adding new debt weight that collapses the proverbial camel’s back—America’s economy could collapse within as little as 3 years based on current trends in government. [Ref C Below]

Part II
Key Fact Checklist (America’s Death Predicted In Just 3 Years! continued)

• US national debt was $5.7 trillion when Bush took office and $10.7 trillion when he left office. He held the yearly record for increasing the national debt during his presidency, until Obama came onboard and added $1 trillion in just 6 months. http://www.politifact.com/truth-o-meter/statements/2009/jan/22/rahm-emanuel/5-trillion-added-national-debt-under-bush/

• The Gross Domestic Product (GDP is the amount of goods and services America outputs economically). It was $13.84 trillion in 2007, and is now (Aug 09) $14.1 trillion: http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

• The International Monetary Fund (IMF) in 2004 warned global leaders that US debt to GDP ratio (40% in 2004) was dangerously close to collapsing the US dollar if our national debt got any higher. The US was warned to start repaying its debts or risk undue economic threats and potential economic collapse. http://www.greenleft.org.au/2004/567/33169 and http://www.un.org/News/briefings/docs//2007/070530_Ocampo.doc.htm

• Current US national debt as of Sept 1, 2009 was $11.7 trillion (US National Debt Clock: http://www.brillig.com/debt_clock/ and http://www.federalbudget.com/ ).
• The current Debt to GDP ratio is now a catastrophic 83% (more than double the IMF’s RED ALERT trigger level noted above).

• Current Obama/Pelosi/Reid projected new spending/ debts (yet to be transferred officially to the official government debt column), are expected to place the debt ratio over 103% by mid year 2010, based on current bill proposals (2-1/2 times above the danger level warned by the IMF).

• These ratios do not include other items of national debt obligation, such as Social Security, Medicare, Medicaid debts that are debt promises held in a different accounting systems (hidden debt estimated to be over $70 trillion).

• Historically, countries with debt to GDP ratios that exceed only 60% have their money system and government collapse—the US exceeds that threshold by over 23% right now—we are making history—not the good kind. The US is in the DANGER RED ZONE today, and each dollar of new debt brings us closer to collapsing the camel’s back. The moment international investors panic and sell off their US debt or US dollars, a “run on the dollar” could stampede it into worthlessness within a matter of hours on any given trading day. The average American will be left penniless if this happens—and there will be no warning in the financial markets—bam your broke!

Call To Action For Citizen America
President Obama, House Majority Leader Nancy Pelosi, and Senator Majority Leader Harry Reid have all been briefed on these critical financial facts but all have chosen to ignore this crucial reality and are continuing to place America in economic peril with their actions—all in contradiction of the US Constitution, the highest law in the land. These three are continuing to propose new spending on things like cap and trade, healthcare, Afghanistan War, and more and purposely seeking to affect an economic collapse of America with clear intent and forethought. No competent leader would do such a thing, unless by calculated design or criminal coercion.

Therefore, only two possibilities are before us: one, our leaders are truly incompetent, or two, they are willfully, or by way of third party criminal coercion (i.e. blackmail, etc.), steadfastly working toward America’s economic and financial demise. Their collective actions are unambiguous and in all cases call for their ousting accordingly. There is no third logical alternative that would explain their actions individually or collectively.

Citizen Action Needed Now!
Please take the time to place a call or send a letter to the US State Department, US Department of Justice, Federal Bureau of Investigations, your state’s Attorney General Office, Senator, Representative, and City Mayor toward pressuring action. File an official complaint and ask for a full scale investigation to see if these leaders and others linked to them, inside or outside of government, are part of a larger subversive organization or organizations seeking to deliberately fall the United States of America. Let’s hope not but we must still eliminate this possibility and only police can ferret out the facts. In the mean time, Citizen America should demand these leaders resign immediately and further demand that a special federal election be held to fill such vacancies. We must have those who support the US Constitution and America holding our high offices—we must have fiscal and economic responsibility as a national security priority.

Time Is Short!
• If the US dollar collapses, the US could actually break apart into a series of state-countries or regional-countries in order to cope with a new economic system based on bartering (until states begin to mint and back precious metals currency).

• The US, in most cases, would be expected to dissolve its federal government. However, it has been suggested that many inside the federal government would seek to exert tyrannical control and form a new government (i.e. the socialist tyranny regime of the North American Union, which has long been predicted). If this happens, a full scale Civil War will ensue and Americans will suffer greatly as Constitutionalist battle Tyrants.

• The great news is that we still have time to stop the dollar from collapsing by simply exposing the facts, instituting new leaders who demand fiscal responsibility (even if we must eliminate many costly social programs). What would you rather have, a fallen country with perhaps Civil War, or less public benefits, a stronger domestic economy, political stability with a chance to repay debts and restore America? Do you want to gamble America by keeping your head in the sand or rolling the dice?

Supporting Exhibits
Here is supporting research video every American needs to watch: CBS-60 Minutes – David Walker, Controller General of the United States Predicts US Bankruptcy and Collapse: http://xelanbonn.com/276/us-controller-general-predicts-us-bankruptcy-collapse/

Story with dollar trading graphs indicating a near dollar collapse in July 2009 (which could still happen any day now): http://www.marketoracle.co.uk/Article12442.html

Global Investors Ponder Implications of US Dollar Collapse: http://www.wsws.org/articles/2009/mar2009/doll-m26.shtml

Part III
Suggested Remedies (America’s Death Predicted In Just 3 Years! continued)

1. To save America, the country must not only rein in spending and balance the budget, but create budget surpluses that can be used to pay down the national debt and restore confidence in world investment markets toward ensuring the dollar remains viable. Major social programs and noncritical defense and government programs must be removed from the system until all current financial crises have been avoided and all trust funds restored in full, and all debts repaid.

2. Social Security benefits must be cut by 20% effective immediately in order to keep the system from collapsing. Additionally, the effective SS payroll tax must be doubled. Surpluses in the trust fund must be invested, not loaned to or consumed by government elsewhere.

3. Medicare and Medicaid must be overhauled and privatized to take advantage of the 34% savings on healthcare costs that are currently available through private healthcare systems (as opposed to government healthcare systems).

The American Medical Association should be dismantled and rebuilt to establish a medical authority that focuses on patients and not doctors or pharmaceuticals and other major stakeholders whose approaches often conflict with the need of patients. A system that removes bad doctors (effectively demotes them when they have a track record of harming patients—i.e. lawsuits, etc.) will ensure a major reduction in the cost drivers that the current system now owns due to its protection of bad medicine.

Focus on preventative care will further reduce costs as will minor adjustments in tort reform to protect medical providers from the need of “defensive medicine” (doing unneeded tests or procedures, etc. solely to protect against potential future lawsuits).

Further, opening up insurance sales across state lines will dramatically increase competition and further reduce insurance premiums. Additionally, setting up requirements that no longer allow insurance companies to “cherry pick” healthy patients but require them to take on all who apply will ensure a level playing field toward covering all Americans.

It is further recommended to allow insurance companies the ability to set-up a national insurance pool to help them cover catastrophic care costs and spread risks. Lastly, a Bill of Rights for patients should be constructed that basically guarantees that healthcare providers and patients determine healthcare remedies and not insurance companies or others outside the field of medicine, such as government or insurance companies.

Fraud prevention also offers much savings potentials as does allowing citizens to purchase drugs from any country in the world or state so as to further increase competition and reduce out of pockets.

Other aspects can be looked at as well but these listed above have been identified by many as the greatest ways to immediately reduce healthcare costs while ensuring nobody goes without healthcare or is denied care for lack of ability to pay. (Sadly, government corruption has prevented these solutions in the past and is at work currently).

It is important to note that not one government ran healthcare system in the US (including all states that have implemented such) has been effective in bringing down costs–all have suffered from rising costs–often very dramatic cost spikes (see Tennessee Tenncare example at WSJ).

The most reliable system for reducing costs is, ironically, the private system, which needs tweaking to help it further reduce costs while widening its coverage to include all Americans. Those who cannot afford healthcare insurance might then be entitled to receive subsidies based on income tax filings as an alternative to government options (let government simply write a check for coverage instead of directly providing coverage—much better for taxpayers and for patients).

4. Greatly reduce our military presence around the world (i.e. Korea, Iraq, Europe, etc.) and end Afghanistan War. Release troops to civilian sector holding a percentage in reserve for installing along America’s borders toward ensuring our own national security. This will produce dramatic cost savings while enhancing our most vulnerable security aspect—our open borders where known terrorists are documented to be using for access to reach American cities.

5. Greater focus on domestic economy and job robustness by throwing off the “race to the bottom” mentality of Americans having to complete against Third World labor markets and installing a system that rewards businesses for investing at home—as well as instituting a “buy America” campaign to reinstall American pride and spirit toward helping fellow Americans stay employed and earn strong middleclass enabling wages that strengthen our economy and tax revenues; which helps us repay our debts and refill our trust fund accounts much more quickly by keeping dollars circulating at home instead of fleeing abroad. (There is no such thing as a pre-ordained global economy—America can turn to itself for most of its own needs and thereby shed itself of anti-American transnational corporations while favoring domestic ones owned by Americans who care about America and Americans). In turn, this will keep most of America’s wealth from leaving America and fleeing to countries like India, China, and elsewhere.

(Note: we do not need to fear China in any respect, for China has more to lose should the dollar collapse—in next month’s article I will detail how America can win even with a dollar collapse if it has wise leadership at the helm).

6. Install a Constitutional Amendment that begins after the current crisis is averted that requires a new federal budget and spending system that is based on revenues actually collected in the previous year, requiring that 15% of those revenues be paid toward existing debts (and when caught up, then into an emergency savings trust fund until 3 years of US-GDP equivalent have been captured for catastrophic insurance). Any surpluses beyond that amount can then be spent by government with a 60 percent majority vote of state governors (not Congress, as states should have the opportunity to refund such monies back to the people and keep Congress in check). We must show fiscal responsibility. Building a strong dmoestic economy largely free of the world will ensure a quick paydown of our debts.

7. Set-up an 100/120 rule for foreign trade. The rule would require that for every dollar of incoming trade from any single country, the US would have to out-ship one dollar and twenty cents of exports to ensure we meet our mandate for foreign trade surplus, thus raising the demand for US made products (made by Americans on US soil). Trade deficits shift our national treasure to foreign countries while surplus return it to us.

We must begin to focus on taking care of America’s house before the world’s house now—we are no longer the wealthy Uncle Sam of yesteryear able to give away generously to the world–we must get our own finances in order and that will require every American sacrificing, as well as our leaders understanding and embracing this dire reality and needed path.

##
Reference C
Calculated based on current spending patterns in view of authoritarian warnings from both IMF and United Nations statements (cited) as well as a body of economic opinions and analysis found across a wide swath of US authority, including high institutions of economic learning. At any point between now and 3 to 5 years from now, major new amounts of yearly debt (i.e. $1/2 trillion per year deficit spending being added to national debt) could trigger a major collapse in world investor confidence as the realization sets in that America does not intend to settle it’s debts but instead spend itself into oblivion with cavalier irresponsibility. Such a perception could easily spark a run on the US dollar as investors and countries (e.g. such as China that threatened a dollar run in 2008) abandon ship in an effort to save their assets from becoming worthless against the forces of investor competition in a running scared market.

Generally, once a currency devalues so drastically (i.e. having less than 10% of its value than it held just hours, days, or weeks earlier) it then forces other major economic factors to domino, such as hyper inflation. Items such as oil, which is the main artery of the US economic engine, could become out of reach to most Americans, forcing the entire economy to come to a stand still. Just a couple of weeks of stand still would then force the collapse of all infrastructure systems, from banking to electrical generation, to water pumping systems, etc. Life as we know it could vanish inside the time span of a single month, completely without warning. Under such a scenario, Civil War becomes likely as looters combat to gather scarce resources, such as food, water, and more.

Recommended Reading
This is a PDF file letter sent to all members of Congress (nearly all) on Sept 10, 2009 [Xelan Bonn Warns Entire Congress]

Top US Leaders Asked To Resign

Also, be sure to read my upcoming article, Surviving Post Dollar Collapse America, which will offer important resources and tips for surviving well in the coming America.

Comments