Crypto Biz Magazine—July, 2014/Issue.02

DARK MARKETPLACES
POSITIONED TO ACCELERATE THE
COLLAPSE OF GOVERNMENTS
by KRISTOV ATLAS
Page.38 July.2014
Crypto Biz Magazine
The solvency of the US government has been circling
ruin for the last several decades. Without reversing
the current trend and drastically reducing taxes and
capital controls, the dark market economy will flush
this government directly down the drain.
Since the 1970s, each American economic recession
has taken longer than the previous to recover from.
Real income has steadily declined throughout the
last forty years. Washington has attempted to hide
this course through profligate money printing and
make-work in government sector jobs, but to limited
avail. Between 2000 and 2010, public sector jobs in
the US rose from 20.5 million workers to 22 million,
while private sector jobs declined from 110 million
to 108 million. By July of 2010, the average federal
government worker was paid 60 percent more than
the average private sector worker. Money continues to
pour out of the government spigot, lining the pockets
of politically connected corporate officials like those
of Halliburton, Lockheed Martin, and Citigroup; yet the
average American’s standard of wealth continues to
plummet. Between 2009 and 2014, the number of
households on foodstamps rose from 15 million to 23
million—a record 20 percent of US households. One
third of all households are now living from
paycheck to paycheck, with 66 percent
of those residing in the middle class. The
government’s balance sheets scarcely look
better, having accumulated 17 trillion dollars
in debt and 127 trillion dollars in unfunded
liabilities by the end of 2013.
The typical government knee-jerk reaction
to such losses is to grow: more
taxes, more capital controls,
more laws, and more threeletter
agencies. However,
economists have long
studied this approach and
documented its counterproductivity.
Compounding