A spectre is haunting America — the spectre of debt repudiation.For a growing number of Americans, the era of complacency has come to an end.
The housing and banking collapses of 2008 forever shattered their confidence in the ability of government bureaucrats and regulators to protect whatever measure of hard-earned wealth regular citizens might amass.
The ongoing “bailout” drama has likewise shattered their confidence in the intent of those bureaucrats to serve any interests which conflict with the demands of their Wall Street masters, the corporate kleptocrats who seek their profits not through the voluntary mechanisms of the market but through the coercive powers of the state.
Not content with their seizure of a large percentage of Americans’ income year after year, our politicians and their corporate masters have built up a mountain of debt now exceeding $10 trillion and set to contiue growing at a future rate of more than $1 trillion per year according to the recently inaugurated President of the United States.
Helpless in the face of looming economic collapse, more and more Americans long to seize control of their own destinies but fear that they lack the means to do so.
That means, however, exists. It is the Achilles’ heel of the kleptocracy, and it is nothing more than a word:
“No.”
Read the rest.
Sign the petition.
