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America is Bankrupt: It’s Going Full Circle

Yes, it’s a strong title. But, it’s very real. The United States of America, built on incredible potential and an amazing constitution, has digressed and democratised itself into hell.

The US has declared financial war on the world – Prof. Dr. Michael Hudson

A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world’s greatest civilizations has been 200 years.

Great nations rise and fall. The people go from bondage to spiritual truth, to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency, from complacency to apathy, from apathy to dependence, from dependence back again to bondage. — author unknown

The interesting thing about democracy is that despite all the positive elements of majority rule, it only works if the majority are ethical, objective and restrained.

For commentary on this graphic, head here

Picture yourself in a room with 100 people. Let’s say that three of them are an unpopular minority for some reason. What happens if 97% of the people in the room (or 51%) decide that this particular minority is evil and should be exterminated. Well, in a ‘democracy’, they should be exterminated, and it would be perfectly legal. The majority rules.

If the majority want shit, then, well, shit happens.

Now take this thought and turn it to political/economic contexts. What if most of the populace wants a life of pleasure, and happen to have a distorted view on what happiness is? What if they want to have nothing to do with politics, or the running and improvement of their community and its natural capital? What if they want, instead, to leave all that to a few ‘specialists‘ so they can concentrate on fun things to do in their free time with all kinds of planet-, health- and mind-destroying gadgets, activities and substances? What if they believe, as I saw on a graffiti covered wall recently, that "Life is a nipple!" Well, put this recipe in a globalised world, and what do you have? You have, ultimately, in the long term, economic suicide in exchange for short term pleasure.

The days of pleasure – the ‘Happy Days’ – are well and truly over.

The American public now has a government that, despite major resource constraints and economic impossibilities, can only continue creating ‘money’ at the cost of only paper and ink — whilst blindly believing that people will accept it as worth something.

The global community is, as you could imagine, not accepting this.

I’ve written at length on the implications of a global move away from the dollar. It won’t be pretty.

Back in 1992 Bush senior said that "The American way of life is not negotiable". Perhaps it isn’t, but I can’t see people negotiating their way out of the consequences of that way of life either.

If a nation expects to be ignorant and free … it expects what never was and never will be. — Thomas Jefferson

People will soon realise the need to grow real value — like an apple tree, a community, and, wait for it, an ethical framework for existence. Can we not see that there needs to be something greater than a democracy? A democracy needs to be willingly subservient to ethical rules that don’t yield and pander to weakness of character. A democracy must answer to higher ideals than just a collective of individual desires if we’re to escape this cycle. The world is now too small, and its population too large, for us to make another lap.

The world’s economies are now inextricably linked. Buckle up, we’re in for a rough ride.

Further Reading:


  1. As a U.S. citizen, I recognize that we are starting a long ascent. My hope is that people from other places will recognize and be able to separate the actions, intentions and desires of the citizens of the United States from those of the United States Federal government. As I do not believe they are one in the same.
    And also that we as a people will be able to recognize and rally around the work that needs to be done in a timely fashion.

  2. There is a game out there that is quite popular among young people – I had always assumed it must have existed for many decades, but recently learned that it actually only was developed in the 80s by a Russian psychologist. It is known in various guises, but in its original form, its name is “Mafia” – see:

    (Don’t get caught up with all the fancy special rules – it’s the core of the game that determines its structure).

    To mathematically minded people (like me), it seems at first totally unclear how anyone could “play” such a “game”, as it seems to be all about chance, without any visible strategy.

    However, just by having people play it, they learn a LOT about democracy. The key issue is that the “Mafia” actually has a strong interest to infiltrate and use the democratic process to eliminate not one, but two enemy players per round. I must say I quite like that – “emergent” teaching where people learn about mechanisms by playing a game that inherently develops these mechanisms.

    Oh, and an unrelated issue: On “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury.” – present-day Greece would be a very good example, as far as I can tell.

  3. Agreed. The difficulty is getting people to realize the fundamental flaws in how we live. This discovery in my opinion needs to be self-discovered. If spoon fed to the masses, people will tag along unconsciously and continue their endless consumption of something which can be balanced and good turning it into something wasteful and bad.

    The self-discovery enables them to live on their needs and not their wants.

  4. According to EEA numbers the average Norwegian citizen consumes more natural recourses than in USA, Australia, Canada and Japan. In 2007 each Norwegian consumed in average 37 tons of natural recourses, while the average for EU as a whole was 16, 5 tons.


    Still my politicians’ claim that green technology alone is enough for a sustainable life style, and that we don’t have to change our way of life the slightest.

  5. The civilization in which we live in is the product of the collective will of those many mercenary wishes and thats why we have a culture, a civilization, that is mercenary as well.
    Jiddu Krishnamurti


    We cant change society, only the individual can change itself.
    Jiddu Krishnamurti

    Maybe also this one:
    Only because were no more in touch with nature have painting, museums and concerts become so important.
    Jiddu Krishnamurti

  6. Of course, it only took three percent of the population to shrug off the Dictatorial/Corporate Monarchy back in 1776.

  7. This is what happens when we allow traitors to take the justice system off of honest weights and measures: gold and silver and common law, and convert it to mercantile merchant roman law and the federal reserve, privatizing the money system and kick starting world wars and the road towards global tyranny. A great video series on this topic is Money Masters, and it describes the war throughout history between those who sought to control and privatize money creation, and those who sought to keep it under government control. We can rebel from this giant fraudulent bubble by buying Silver and Gold, which is direct competition for the overheating money press and the corporate scamsters.

    This is why JPMorgan and other big banks are being investigated for fraud right now due to their giant short positions on silver, positions that are bigger than all the physical silver in the world! They have been putting the prices on a roller coaster because they don’t want us owning ‘real’ money. I bet China’s next move is to buy up huge amounts of silver, as all the global currencies start to suffer from the insane amount of fraud and leverage backing it all up.

    The US of A started off as a constitutional republic founded on the rights and liberties of man, and was never meant for a ‘demoncracy’. The founding founders if they were alive would be sending the traitorous politicians and other collaborators with evil to their deaths, as the injuries that lead to independence were a trifle compared to the injuries suffered today. Its all mind control and brainwashing, and either the people wake up or they will be enslaved or die-history repeating itself. At the end of the day though their citizenry still bears the right to bear arms, but what will happen to Australia if Communist China decides to invade and take over? Its a great worry for freedom and all of us

  8. Just a quick comment – democracy does not have to mean a majority rule. Yes, I know, we all are used to majority voting. However, how about reaching a consensus instead? Or, how about Borda count? Here’s a very interesting book about designing democracy, it’s expensive, but you can read many pages in the preview mode. I recommend introduction for a start, personally I find it fascinating.

    As developed in France, in Prussia and in England during the 17th and 18th century, into the system of majority dictatorship that is the actual state of the system, where huge political parties, through management and public relations, are able to manipulate globally, using the structure of the political parties for international cooperation and control.


    Surely the elites don’t want to redesign democracy, because it would mean to give away power:

    Unfortunately democracy today is shrinking, not widening. Today just 5 % of the Norwegian population are active in politics. We can never claim anybody that doesn’t feel they have real influence, to take real responsibility for their actions.

  10. One more thing that we should considerate is our exceptional small consciousness, just 10/11000000, or 1.E -0, 6. In addition we don’t become aware of a thought or an action we make before 0, 5 seconds after our sub consciousness. This means we have no free will; we are just like any other animal, drifted by our instincts.

    Actually, consciousness is nothing more than a tool for sexual selection, to make us feel unique and important. The fact is that our uniqueness is just as small as 0,000006 to one, in fact almost like zero. It’s just a trick by nature, and we are all fooled.

  11. Interestingly, this article appeared in 2010, plenty of time to delete the video and/or block the poster’s channel. And yet this content was never so obvious as it is today. We learn our US ‘sElections’ have been rigged and stolen since at least 2004, with 2022 just another glaring example. We watched as Brazil’s contestable election result led over 3,000,000 to take to the streets in protest while the deep state literally seeks to eliminate/jail the competing party for daring to question their Media’s version. And the effects of shadow-banning truth seekers permeates the airwaves worldwide…

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