You cannot be strong and free if you owe truckloads of money. This was one of the themes of my first two broadcasts, taken from our new book, Goodbye America, Goodbye Britain.
With defaults rocketing, builders with six and a half months stock of unsold new homes and realtors reporting near zero business, things are worse than they are being reported in the main media.
Already housing markets are sagging across the country. And what happens in America often spreads to Britain six months or so later.
This is bad news for everyone, not just homeownersw. Lots of jobs depend on construction, and wages not spent mean a slowdown across the economy. This time, though I fear more than a slowdown- here comes a crash, the greater depression as I call it in our new book.
This could be the big one, when an indebted country is so deep in hock that it pulls the world down with it. After all, China is in the reverse position, having borrowed heavily to build factories to make goods than Americans can no longer afford to buy.They too will be in trouble when the cashflow dries up, but they have savings to tide them over.....
China is the world's biggest creditor nation, a position America held until the 1980s. Now America finances its wars by borrowing from the Chinese and others. Personal, government and company debt is all unsustainable in the USA and elsewhere, although America is in the worst situation by far.
This means people will lose confidence in the Dollar, start dumping it and precipitate a world-wide economic crisis. Will this be the one that brings in the one-world currency and government? Perhaps not, but it is a major step on the way. Our book has lots more details.
I drew attention to two of the biggest stories never reported: America's absortion into the coming North American Union, the USA's secret counterpart to the EU, and the building of the world's biggest superhighway, the 1,200 foot Trans Texas Corridor, a ten lane transport corridor that will include six railway lines as well as oil, gas and electricity lines running alongside.
This immense transport and supply system will start down in Mexico, slice north through Texas, cut up through the Midwest heartland and roll on into Canada. This will be a privately owned toll road, built and run by a Spanish firm.
The first phase, the Trans Texas Corridor, will start next year and Texans are horrified at the thought of their land, homes and businesses being snatched under eminent domain leglislation, which amounts to legalised confiscation of private property.
It's all part of the plan to merge America with Mexico and Canada as another step towards creating a North American Union of 800 million consumers in 34 countries of north, south and central America.
Impossible? The treaties have already been signed, and full details are in our book, available from this site.