posted on Oct, 6 2013 @ 01:36 AM
The U.S. is a reserve-currency and consumer spending economy, so it has no choice except to borrow and spend heavily.
Problems began during the Reagan admin, when total borrowing increased across the private sector, government, and households thanks to deregulation.
Some argue that problems began even earlier, when the gold standard was dropped as the country needed to create more money to support its military.
The same military was later used to keep the petro-dollar propped up.
Thus, a crash, and ultimately a collapse, is inevitable. It's just that problems leading to that accelerated as the financial elite gambled and lost
heavily in 2008, prompting more money creation to bail them out. This wasn't difficult to do because the Fed is controlled by the same financial
elite, with debt passed on to the public.
Peak oil didn't help, starting with a drop in U.S. oil production in 1970 (prompting the use of the petrodollar) followed by global crude oil
production peaking in 2005.
With that, the country had to borrow $85 billion a month during the last few years to keep government services afloat, bail out banks, and prop up
consumer spending. But with increasing debt, everyone was getting fewer cents for every dollar borrowed, which makes the current shutdown inevitable.