Porter Stansberry of the Stansberry Investment Advisory wrote an article that every American who cares about the future of our county should read. The lengthy article is The Corruption of America. Here are a few excerpts:
“The numbers tell us America is in decline… if not outright collapse. I say ‘the numbers tell us’ because I’ve become very sensitive to the impact this kind of statement has on people. When I warned about the impending bankruptcy of General Motors in 2006 and 2007, readers actually blamed me for the company’s problems – as if my warnings to the public were the real problem, rather than GM’s $400 billion in debt. . . .
Our political leaders, our business leaders, and our cultural leaders have made a series of catastrophic choices. The result has been a long decline in America’s standard of living.
For decades, we have papered over these problems with massive amounts of borrowing. But now, our debts total close to 400% of GDP, and America is the world’s largest borrower (after being the world’s largest creditor only 40 years ago)… And the holes in our society can no longer be hidden…
We’ve reached the point where we will have to fix what lies at the heart of America’s decline… or be satisfied with a vastly lower standard of living in the future. . . .
Our analysis shows you what’s actually happened to our real standard of living. The results, we suspect, will surprise even the most bearish among you.
America is in a steep decline. . . .
Consider, for example, annual sales of automobiles. Auto sales peaked in 1985 (11 million) and have been declining at a fairly steady rate since 1999. In 2009, Americans bought just 5.4 million passenger cars. As a result, the median age of a registered vehicle in the U.S. is almost 10 years.
Our data shows that real per-capita wealth peaked in the late 1960s. Guess when we find the absolutely lowest median age of the U.S. fleet? In 1969. At the end of the 1960s, the median age of all the cars on the road in the U.S. was only 5.1 years. Even as recently as 1990, the median age was only 6.5 years.
Rich people buy new cars. Poor people do not.”
I urge you to read this article. Here is a list of the article’s subject headings:
- Who Suffers Most
- The Ethos of ‘Getting Yours’
- The Corruption of Politics
- How Socialism Came to America…and Destroyed Detroit
- Government Employee Unions: Organized Corruption
- Welfare for the Rich, Too
- The Corruption of the Corporation
- Is This Fascism?
This country is broken and it appears we are unable to acknowledge that fact so it is unlikely we can take action to heal our decaying system. If you don’t believe me, watch this video about the incredible amount of free stuff the U.S. gives away to almost one half of its citizens then ask yourself this question: Is the U.S. government giving away more or less every day, month, year, decade?