Ever wonder about why our economy is in trouble? How can so many people can be in so much debt at the same time? Does it seem strange to you no matter how hard one works, and in spite of all the advances in society, most hard working people cannot escape the treadmill of perpetual debt?
Why are so many families losing their homes to foreclosure? Why are many households dependent upon credit cards to supplement their income? Why does it take TWO spouses to maintain a household when it used to take just one? Why have so many retirement savings been wiped out? Why do prices always creep up?
Did you know that close to 1/3 of all income taxes are consumed just to pay interest on the Federal Debt? (National Debt currently 17.5 TRILLION DOLLARS , or about $170,000 per household.) Think about it. Every penny that you pay in income tax from January 1 - April 1 is consumed just to pay interest on Federal debt; much of it to foreign banking families! And let's not forget the Government's unfunded future liabilities, estimated at 75 TRILLION. (an additional $750,000+ per household.)
Add those staggering sums to the 11 Trillion in total consumer debt (mortgages, car loans debt, credit cards, etc), student loan debt (1 Trillion more), State debt, County debt, City/Town debt, small business debt, big business debt, and you will see that the total of these debts actually exceeds (BY FAR) the amount of money supply in circulation.
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well i think your answer is in your post already !! " Did you know that close to 1/3 of all income taxes are consumed just to pay interest on the Federal Debt? "
the federal reserve is actually a private corporation and it is not federal at all. Dont believe me Google it !! they print never ending money supply, give it to people who have none and then get them paying interest on worthless paper money !! Its all a scam till it collapses. that will be soon then it will get real. Bullets and beans, bullets and beans !!
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