The Catch 22 Problem
An economy can’t experience growth without a cost for capital. That cost of money is the interest rate. But governments cannot afford interest rates when their spending exceeds 100% of a county’s GDP. That’s the problem we have now. Our federal budget is $6.8 trillion on revenue of $4.3 trillion – $2.5 trillion more than we’re taking in. Worse still, we’re now having to borrow money just to pay the $1.2 trillion in interest on our debt. The result is unsustainable deficit spending.
Bottom line, no economy in history has survived with these kinds of debts and deficits. None of our political leaders have a solution. The same problem exists in the rest of the world’s developed countries. Economic reset is coming. We will soon reach a tipping point when the nation-states of the world are incapable of servicing their sovereign debt.
Economists and bankers know it’s coming. Some are willing to at least talk about it. Jerome Powell, Chairman of the Federal Reserve, Phillip L. Swagel, Director of the Congressional Budget Office, and Jamie Dimon, Chairman of the Board of the largest bank in America, have all declared that ongoing deficits by the federal government are unsustainable.
The In Trust Network exists as a platform for those ready to work within their communities … with other businesses, church leaders, elected officials, and engaged individuals … to start preparing now.
It’s free to join so why not click on the button below to sign up and learn more?
What’s the In Trust Network?
Community
The In Trust Network will help bring together business owners, church leaders, elected officials, law enforcement, NGO’s, and engaged individuals to plan and prepare for what’s coming.
Commerce
How do we protect small businesses when the reset comes? We’ll provide a guide so businesses, churches, NGO’s and others can work together. We’ll provide a directory of member businesses who can network with one another and do business with those who share their values and concerns. We’ll also work with local and regional banks to make capital more easily accessible to our members.
Communications
With news briefings, analysis, organizational training, and ongoing support, members of the In Trust Network will be equipped with the knowledge of what’s coming; how it effects them, their families, and their communities; and what they can do about it. We’ll also facilitate dialogue between communities who can share best practices and what’s working.
