2012–Adios Mankind??

Hello,

In the popular media December 21,2012 is portrayed as the terminus date of the human race as we know it. Since this is widely broadcasted in the media, it, most likely, will not happen in the expected manner. What could happen is the unexpected and unthinkable.

The year 2012 may not be the end of the Earth or even mankind—but it could be the end of our constitutional economic/political system. Why? By the year 2012, with the U.S. Federal Government rapidly increasing its total debt, we will have a debt to GDP ratio of over 100%. The interest on this debt will be staggering and unaffordable. The politicians in Washington will take the easy path out and try to inflate the debt away.

The consequences of this will be shocking to our political system. Inflation is the Great Destroyer of the middle class. Standards of living for the vast majority of Americans will decline precipitously. With our social fabric weakened or non-existent, I doubt the middle class will peacefully standby and see their savings and living standards destroyed. There will be chaos and bedlam in this country. The unthinkable can then happen–a quasi civilian/military dictatorship to restore order. Kiss the Bill-of-Rights goodbye.

Right now–I admit– the probability of this happening is remote. BUT, it is not as remote as it use to be.

Be Prosperous,Sanford Kahn, Business Speaker/Author