Tuesday, April 5, 2011

Our March Balance Sheet (another unpublished FL Today letter)

A quick review of Treasury’s March Balance Statement (which can be located at https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=11033100.pdf) reveals a frightening truth…we spent more than eight times what we took in last month (and that’s just for one month!). Folks, that spells absolute economic disaster.

Where is the Outrage? Where is the Coverage? Cricket sounds from most of the major media, including our vaunted Florida Today and USA Today.

I am outraged and here’s the coverage: we are bankrupt and are becoming hopelessly deeper in debt every minute of every day.

For those who may not care, that means no more welfare and other government largesse. Got your attention yet?

For the rest of us, that means our lives will fundamentally change. Retirement may not be an option for most of us.

On a longer-term positive note, that may also mean a reset of our economic system back to a constitutionally-accordant metals-based currency and a more efficient government. The Roosevelt- Wilson-inspired progressive movement that resulted in the Great Society debacle will become a dim memory.

Unfortunately, the entire process will most likely be painful. Hopefully, at least, our children may benefit.


  1. the part that scares me is we may not be able to go to a medal backed currency.. The dollar has been devalued to badly to allow it..

    A gold coin the size of a dime, once roughly the size of a ten dollar gold piece would be worth $500. A silver coin the size of a quarter would become the new $10.00 bill. The all copper penny would probably the new quarter.

  2. It seems as though the Florida legislature still behaves as though they have money to throw around. Go figure.

  3. Not for the feint of heart, and some might even think this obscene, but the facts speak for themselves.



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