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March 20, 2020 | American Economy in FREE-FALL! Watch the Numbers!

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.

The American economy is now in free-fall as the Covid-19 financial system has caused a Recession. This free-fall situation is unlikely to change as America is essentially bankrupt. Two hundred and and forty-four years of Capitalism is now over. The numbers SPEAK. Check out the numbers here:

http://www.usdebtclock.org

What is happening in real-time to our economy:

1. Our National Debt is accelerating (now $23.6 trillion).
2. Spending is accelerating (now $5.1 trillion annually).
3. Our deficit is accelerating (now $1.6 trillion).
4. Gross Domestic Product (GDP) is crashing (watch the numbers decline each millisecond).
5. Social Security, Medicare/Medicaid/ Defense spending accelerating.
6. U.S. Federal Tax Revenue declining rapidly.
7. Income Tax Revenue declining rapidly.
8. Corporate Tax Revenue declining rapidly.
9. State/Local Revenue declining rapidly.
10.State/Local Debt increasing rapidly.

In addition to the above we have these numbers:

1. U.S. total debt accelerating (now $76.8 trillion).
2. Total Personal debt accelerating (now $20.4 trillion).
3. Currency and credit derivatives skyrocketing (now $673 trillion).
4. Top 1% wealth is $58 trillion while bottom 50% is $1.8 trillion.
5. U.S. unfunded liabilities are now $132 trillion ($408,084/citizen).

My conclusion: America’s economy is bankrupt and all this will surface before the end of 2020. Capitalism is over. Central Planning is here. Fascism is arriving as leaders become ‘strongmen’ (imposing unworkable solutions). The coronavirus situation is allowing all these economic issues to surface so everyone becomes aware that America is BANKRUPT. Capitalism is over. Repeat, Capitalism is over. Central Planning has arrived for America.

I have been following the underlying economic issues for years. I have written about these issues for years. The day of reckoning is now here. Fascism has arrived for America and only a few discern. Where do we go from here. Is it time to think about our future? My children, our grandchildren, our society is at a crossroads. It’s time to get educated on the issues. The above is merely a surface exposure to our problems. The issues go much deeper. This website reveals the numbers for all to notice. It is updated daily. http://www.usdebtclock.org.

I am: https://kingdomecon.wordpress.com.

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March 20th, 2020

Posted In: Kingdom Economics

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