With so much attention focused on the events in Syria not much has been done to explain to the American citizens that the financial bailouts of 2008, the two long wars in Iraq and Afghanistan, our trade agreements and current governmental policies all have rendered the United States severely handicapped in meeting the financial obligations that many citizens count on, like Social Security, EBT cards and even Medicare and Medicaid. A recent statistic pointed to one of the most disturbing facts in America today and that is four out of five Americans are just one paycheck away from falling into the cataclysm of financial devastation the likes of which they will probably never recover. It has been the callousness of the Federal government along with it's accomplices, corporate America that have stolen the American Dream from Americans. With policies, treaties, unfunded mandates, and laws over the past 35 years have reshaped the economic landscape of the United States so that today the reality is to horrific even to contemplate. Yet, here we are in povertyville USA.
When President Nixon took us off the gold standard back in 1971 that meant that our currency would now be just backed by the US government ability to harbor trust from other countries that the United States would actually be able to pay off their debts. Allot has happened since 1971 that has eroded the very premise that the US has the ability to pay it's debts. Faith can move mountains, but in the case of the US dollar when there is so little faith left it has rendered the United States on the very edge of the Abyss of economic disaster. And, that leaves the American public at the threshold of financial devastation that would be so cataclysmic our country would not survive as we know it today.
For years our elected officials have been getting wealthier and wealthier each year they remain in office. Little did we, the unsuspecting constituents realize that gold mine of opportunities which only elected officials are privy too have helped create the greatest wage and income disparity gap in the history of the United States. Along with the reality of the fact that our currency is loosing confidence in the world markets, our middle class society has all but disappeared, and a very significant turnaround from a major manufacturing economy into a service and technological one have all contributed to the falling of the US dollar. Not to mention when the Fed printed billions of fresh money to bail out the very same financial institutions that brought the whole financial world to it's knees only created an inflationary trend that is quickly gaining steam. When we put all this together we come away with the acute awareness that the United States government and corporate America has failed in it's responsibility to protect and preserve the financial and economic opportunities that once prevailed and made this country at one time the greatest economic engine in the world.
For the past 35 years the United States has deviated from the basic economic flow that is paramount for a countries overall financial and economic health. When we look back to the height of America's dominance in the world's markets back in the 1960's our manufacturing base economy was over 55% of all domestic production. Our exports far exceeded our imports and that meant that Americans were buying more American made products which in turn creates a stronger economy. Today, statistically speaking our trade deficit has remained at levels that appear to be not that alarming but what is disconcerting is the fact that our number one export is refined gasoline, diesel and jet fuel. The pain at the pump continues all the while corporate profits for big oil keep soaring. This is leaving millions of Americans having to shell out more of what little disposable income they have to buy everything they need.
To add salt to our already almost mortally wounded economy along comes major rate hikes from practically every utility company in the United States. Their justification, which is almost like putting the nail in the coffin with their version of price hikes, is we need to raise rates for consumers because they are needed to cover the rising costs of fuel to produce electricity and to compensate for the "sluggish" economy. Sluggish economy that is putting it mildly! First off when rates are raised for basic energy, like electricity, which is crucial for everyone, that rate hike puts practically everyone in a real economic tailspin. Now, the majority of Americans today will be forced to make hard choices that they didn't have to make before. What is happening is we are now caught in a quandary of financial hardship that to many Americans didn't expect. Compounding this quandary is the fact that with these rate hikes by electric companies are pushing up the ever increasing cost of living today, which by the way has more that tripled just within the past two years. This, while those fat cat bureaucrats, corporate CEO's and share holders all get bigger dividends on our exported energy policies. This in itself really has only exasperated the widening of the income disparity gap. An income gap that is threatening the sanctity of the whole US economy.
With so many Americans on the brink of financial collapse where one illness, one loss of an afternoon shift, or one unexpected bill or expense hits today, the reality is that they’ll have no money on which to live. No money to buy food for their children. No money to keep a roof over their heads. Were not talking about some third world country but right here in the good old USA. With economic insecurity at historic highs and rightly so because the United States government has ushered in policies over the years that have placed the countries financial and economic future so precariously close to falling into that Abyss of economic doom. Today where that trust and faith in the US government which is all that backs our currency for years has eroded to the point that our solvency is at stake. What is happening is that over trillions of dollars are owed to foreign investors, more that 85% of Americas about to fall into the Abyss of economic and financial Armageddon where they will never be able to climb out, and the faith and trust in the US government is all about to go up in smoke. The days of the reserve currency for the US dollar are fast coming to a close. The rest of the world will soon discover just how precarious the financial picture really is here in America today.
When our own elected officials keep ignoring the harsh reality of this nations loss of trust in our ability to bay it's debts, while at the same time continue to reap financial gains at the expense of the American public are oblivious to the hard cold facts that are playing out today. For years our own government and corporate Americas has sold out to outside interests and under their motto " Greed is good" have transformed this once achieving nation into a behemoth insidious monster that has eaten away the American Dream from America.
Is it too late or too little being done to avoid the inevitable? Time is running out for the America our fathers and grandfathers knew. To save America form America what is needed to thwart this impending apoplectic scenario will take a monumental push by all Americas. Apathy, for too long has only triggered more governmental muddling that currently is strangling the United States. The common denominator of too much ineptness, to much pilfering of American tax dollars, to little compromise for the greater good by our current crop of elected officials, misguided policies, and a political process that is ripe with graft, corruption and greed all have manifested the current financial and economic crisis to the point of no return. A return to the days when the United States was at the pinnacle of success. Will we ever return to the glory days of economic and financial solvency for the majority of Americas that we had in the late 1950's through the early 1970's? We could but, that depends. The path to economic and financial stability requires a total commitment and a resolve that we as a nation unite putting petty differences aside and usher in totally revolutionary concepts, policies and laws that steers this country away from the Abyss and into a brighter future for all. It starts with implementing National Economic Reform's Ten Articles of Confederation.