Why File Bankruptcy? When the Government Can Bail You Out


Over the past two years, there has been a lot of talk about the fiscal cliff, the debt ceiling, the bailout of banks and the current and current economic recovery. If you were a bank, it is not necessary to file bankruptcy. The government will save you and you will come back bigger and stronger than ever. The problem is that Central America is not close to being its own financial institution and is not subject to any government bailouts. Recently, the number of Americans declaring bankruptcy has declined and the media are using it as a platform proving that the economy has turned its back. There is only one mistake in this theory: last quarter's US GDP was negative by 1%. For me, it seems that things get worse and do not improve. Just in 2012, the US trade deficit is expected to be between $ 500 billion and $ 600 billion. Companies leave the country en masse and if they do not leave, they file bankruptcy and close the doors.

We have now entered the twilight zone, with nearly one in six Americans now receiving food stamps. Consumer confidence has now reached its lowest level and has recently reached its lowest level in more than a year. The government continues to talk about all jobs created, but in the last week of January, the first claims of unemployment reached 368,000. Some economists predict that this number will exceed 400,000 in the near future, which reflects the economic divisions. While people are still trying to avoid bankruptcies at all costs, the federal government has imposed a payroll tax hike on every working American, costing the average worker $ 100 a month. Since the last election, companies have been constantly announcing new layoffs making the American worker more pessimistic than ever. A Gallup poll recently revealed that 65% of Americans think 2013 will be a year of economic hardships and 50% think the best days in the US are over. This is not because the media repeat it over and over again that it is wrong.

US debt ratios continue to rise as banks continue to lend to the public, but can not really afford it. Essentially, they create a payday loan effect when people borrow their future income to pay their bills in the past. At some point, with all interest charges, usurers will have everything and people will have nothing to survive. The only option for these people is to filing for bankruptcy to stop these creditors. When the big banks failed a few years ago, the government stepped in to help their friends at our expense. Many of them are struggling again and the government is once again allowing the Fed to launch printing presses to help their friends cope with quantitative easing. Although most people do not understand the impact of this monetary policy on Main Street. Just like the Weimar Republic and Zimbabwe, the United States will soon begin to feel the effects of quantitative easing resulting from hyperinflation. The money is so diluted, prices nationwide will skyrocket and the only option for Americans in trouble will be to file for bankruptcy. If wages do not keep up, many people will lose their house at the seizure so they can put food on their table. One thing is certain, people should not rely on the government for anything.

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