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October 9, 2019 | The Emerging ‘Nightmare’: Created By America’s Baby Boomers!

Donald B. Swenson: Born January 24, 1943, Roseau, Minnesota. Graduated H.S. 1961, Moorhead High, Minnesota. Graduated College 1968, Moorhead State University, Minnesota. Designated member of Appraisal Institute (MAI), 1974. Employed with Western Life Insurance Company, 1968 – 71; Iowa Securities Company, 1971 – 73; American Appraisal Company, 1974 – 81. Part-time teacher/valuation consultant/bartender, 1979 – 2008 (taught workshops at Waukesha County Technical Institute, Wi. and Madison Area Technical College, Wi.). Retired 2008 (part time teacher/blogger), AZ. Self educated economist/philosopher/theologian: http://kingdomecon.wordpress.com.

Image result for the emerging nightmare on our economic issues, now a collapse is coming

The facts are available to discern. Why will our millennials and Gen X citizens have to solve our financial problems. The Baby Boom generation (1971 – 2019) has created a nightmare situation for those that follow (our children and grand children). Let’s review the facts for everyone to discern. These official numbers reveal why an emerging NIGHTMARE is just around the corner. None of the current Baby Boom representatives are doing ANYTHING to deal with this nightmare. Responsibility is not being assumed by our Baby Boom representatives. Why?

 

Check out these official statistics to discern why a nightmare is emerging!

1. Currently living in poverty: 37.3 million Americans (11.3%).
2. Citizens living without any insurance: 27.4 million Americans (8.3%).
3. Americans living on Food Stamps: 35.4 million Americans (10.8%).
4. American millionaires: 17.8 million.
5. Top 1% share of our wealth: $55.7 Trillion.
6. Bottom 50% share of wealth: $1.7 Trillion (0.03%).

7. America’s National Debt: $22.8 Trillion (no plan to reduce).
8. America’s 2019 Deficit: $1.0 Trillion (no program to reduce).
9. America’s total Debt: $74.0 Trillion (no program to reduce).
10. U.S. credit/currency derivatives: $546.0 Trillion (no way to pay-off).
11. U.S. unfunded liabilities: $126.2 Trillion (impossible to reduce).

12. Top two American billionaires (Buffet/Gates) have wealth equal to bottom 20%.

 

The American population is currently 329.8 million. The voters who elect our leaders are some 125 million. Our current Gross National Product is some $21.5 trillion. Our problem is debt and deficits which can not be managed or solved (given the leaders we now have in Congress). The numbers have been available for everyone to analyze for years but our representatives do nothing to deal with the emerging nightmare. Our leaders seem to have no concern for their children who will inherit this financial nightmare.

http://www.usdebtclock.org

 

I have been writing about the financial issues for over 11 years in my daily blog. Growth in understanding has not occurred IMO. The American people do not want to deal with any of these problems as they view them as unsolvable. So our leaders are kicking the can down the road (as long as possible) to avoid any challenges from our younger generations. Our children and grandchildren will not experience a happy future once they realize that the DAY OF RECKONING  is approaching fast.

 

My Baby Boom generation has been in control of our financial affairs for the past 50+ years. These adults have been aware of the growing financial issues but they have chosen to avoid dealing with the issues. This means that the emerging NIGHTMARE is pushed upon our children and grandchildren to deal with. Take the time to evaluate the growing financial issues to understand them. My view is that we need a DEBT Jubilee and then a cleansing of the house in Washington. This needs to happen SOON!

 

Think for yourself on these important issues of survival. The clock is running out on kicking the can down the road! Capitalism is now over for all of us. The game is now Central Bankism. Our Fed is running our economy and a few unelected elites are manipulating numbers to avoid this emerging NIGHTMARE. But the clock is running out on options. Millennials and Gen X readers of this blog need to get involved (NOW). I will help with education.

 

Have a great day! I am:  https://kingdomecon.wordpress.com.

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October 9th, 2019

Posted In: Kingdom Economics

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