The United States Has Fallen And Cant Get Up by James Nance (reading strategies book TXT) π
And whats going on over there is really scary but if thatβs scary then this is out right terrifying, the US now has more debt than every country in the European Union-combined. Our country has more government debt than any country in the history of the world.
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- Author: James Nance
Read book online Β«The United States Has Fallen And Cant Get Up by James Nance (reading strategies book TXT) πΒ». Author - James Nance
Chapter 5
The US Military
I think its safe to say that the US military over the years has been the best fighting men of war the world has ever seen, from the militia and minutemen fighting back the British empire to winning two world wars fighting enemies on multiple fronts.
There are never ending stories of American service men bravery and valor on the battle field.
But America's financial woes are starting to drag on the countries military abilities as well. Due to US deficit spending any prolonged military confrontation
would have to be financed by foreigners most of which are not really considered allies or friendly to the US.
With China financing a large portion of America's borrow and spend binge its hard to imagine the US being able to fight a long protracted war without Communist China money.
Not only does are military lack the finances to fight a long battle,the break down in manufacturing has effected our ability to produce the supplies and good internally the military needs to function.
Believe it or not the US cannot even manufacture the required bullets needed for our m16s,if millions of rounds were needed we would have to ask Germany or China for bullets to load our guns to fight a war because they are no longer made in the US.
I know unbelievable America's financial woes are hindering our ability to finance and supply our military over the long term other countries such as China, Russia and Germany are using there large wealth to build large and sophisticated military might.
That in the future may equal or surpass the US military, there was report in 2013 that predicted china's military would equal or surpass America's by 2020.
In 2012 a Senate budget report confirmed that the U.S. government will be spending more in 2019 to pay the interest on the national debt than it will spend on defense to defend America.
Harvard professor and prolific author Niall Ferguson in 2010 gave a stark warning about the increasing prospect of the American βempireβ suddenly collapsing due to the countryβs rising debt level.βI think this is a problem that is going to go live really soon,β Ferguson said. βIn that sense, I mean within the next two years. Because the whole thing, fiscally and other ways, is very near the edge of chaos. And weβve seen already in Greece what happens when the bond market loses faith in your fiscal policy.βFerguson said empires β such as the former Soviet Union and the Roman empire β can collapse quite quickly and the tipping point is often when the cost of servicing an empireβs debt is larger than the cost of its defense budget.βThat has not been the case I think at any point in U.S. history,β Ferguson said. βIt will be the case in the next five years.β
EpilogueEpilogue
Whats my answer to all these problems America is facing,If you ask me I think we
should put prayer back in school. And have at least one day of nation wide public prayer from the White House to skid row. Because only a miracle from God himself can save America from the coming economic collapse, thatβs in all likely hood just a few short years away.
The United States Has Fallen And Cant Get Up All Rights Reserved By James E Nance Β© 2014
ImprintPublication Date: 02-04-2014
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