This article was originally published by Michael Snyder at The Economic Collapse Blog.
The borrower is the servant of the lender, and through the mechanism of government debt virtually the entire planet has become the servants of the global money changers. Politicians love to borrow money, but over time government debt slowly but surely impoverishes a nation. As the elite get governments around the globe in increasing amounts of debt, those governments must raise taxes in order to keep servicing those debts. In the end, it is all about taking money from us and transferring it into government pockets, and then taking money from government pockets and transferring it into the hands of the elite. It is a game that has been going on for generations, and it is time for humanity to say that enough is enough.
According to the Institute of International Finance, global debt has now reached a new all-time record high of 217 trillion dollars…
Global debt levels have surged to a record $217 trillion in the first quarter of the year. This is 327 percent of the world’s annual economic output (GDP), reports the Institute of International Finance (IIF).
The surging debt was driven by emerging economies, which have increased borrowing by $3 trillion to $56 trillion. This amounts to 218 percent of their combined economic output, five percentage points greater year on year.
Never before in human history has our world been so saturated with debt.
And what all of this debt does is that it funnels wealth to the very top of the global wealth pyramid. In other words, it makes global wealth inequality far worse because this system is designed to make the rich even richer and the poor even poorer.
Every year the gap between the wealthy and the poor grows, and it has gotten to the point that eight men have as much wealth as the poorest 3.6 billion people on this planet combined…
Eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new report published by Oxfam today to mark the annual meeting of political and business leaders in Davos.
This didn’t happen by accident. Sadly, most people don’t even understand that this is literally what our system was designed to do.
Today, more than 99 percent of the population of the planet lives in a country that has a central bank. And debt-based central banking is designed to get national governments trapped in endless debt spirals from which they can never possibly escape.
For example, just consider the Federal Reserve. During the four decades before the Federal Reserve was created, our country enjoyed the best period of economic growth in U.S. history. But since the Fed was established in 1913, the value of the U.S. dollar has fallen by approximately 98 percent and the size of our national debt has gotten more than 5000 times larger.
It isn’t an accident that we are 20 trillion dollars in debt. The truth is that the debt-based Federal Reserve is doing exactly what it was originally designed to do. And no matter what politicians will tell you, we will never have a permanent solution to our debt problem until we get rid of the Federal Reserve.
In 2017, interest on the national debt will be nearly half a trillion dollars.
That means that close to 500 billion of our tax dollars will go out the door before our government spends a single penny on the military, on roads, on health care or on anything else.
And we continue to pile up debt at a rate of more than 100 million dollars an hour. According to the Congressional Budget Office, the federal government will add more than a trillion dollars to the national debt once again in 2018…
Unless current laws are changed, federal individual income tax collections will increase by 9.5 percent in fiscal 2018, which begins on Oct. 1, according to data released today by the Congressional Budget Office.
At the same time, however, the federal debt will increase by more than $1 trillion.
We shouldn’t be doing this, but we just can’t seem to stop.
Let me try to put this into perspective. If you could somehow borrow a million dollars today and obligate your children to pay it off for you, would you do it?
Maybe if you really hate your children you would, but most loving parents would never do such a thing.
But that is precisely what we are doing on a national level.
Thomas Jefferson was strongly against government debt because he believed that it was a way for one generation to steal from another generation. And he actually wished that he could have added another amendment to the U.S. Constitution which would have banned government borrowing…
“I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.”
And the really big secret that none of us are supposed to know is that governments don’t actually have to borrow money.
But if we start saying that too loudly the people that are making trillions of dollars from the current system are going to get very, very upset with us.
Today, we are living in the terminal phase of the biggest debt bubble in the history of the planet. Every debt bubble eventually ends tragically, and this one will too.
Bill Gross recently noted that “our highly levered financial system is like a truckload of nitro glycerin on a bumpy road”. One wrong move and the whole thing could blow sky high.
When everything comes crashing down and a great crisis happens, we are going to have a choice.
We could try to rebuild the fundamentally flawed old system, or we could scrap it and start over with something much better.
My hope is that we will finally learn our lesson and discard the debt-based central banking model for good.
The reason why I am writing about this so much ahead of time is so that people will actually understand why the coming crisis is happening as it unfolds.
If we can get everyone to understand how we are being systematically robbed and cheated, perhaps people will finally get mad enough to do something about it.
Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years.
Today, Michael is best known for his work as the publisher of The Economic Collapse Blog and The American Dream.
If you want to know what is coming and what you can do to prepare, read his latest book [amazon text=Get Prepared Now!: Why A Great Crisis Is Coming & How You Can Survive It&asin=150522599X].
LOL, the fun just never stops. I can’t wait to wake up tomorrow and see what else we human’s have frigged up.
https://video.search.yahoo.com/search/video?fr=yfp-t-s&p=don+williams+good+ole+boys+like+me#id=3&vid=a09a8f91f05ebf9c6bb923f3e93d6f5d&action=click
PO’d Patriot, I not only believe in God, but desperately hope and pray their is one. A higher power is mankind’s ONLY chance. Because “we” ain’t right. Their is a fundamental flaw inside us (i.e. we are missing something).
As a regular American, none of this debt means anything. Those who have a lot to loose, or the most to loose, are those that keep propping up this pig with lipstick. Like the Federal Reserve, Banks, Wallstreet.
The Billionaires will loose the most, as most of their wealth is on paper IOU’s. Same with pensions and 401K’s. Good luck with paper, and who you gonna collect your lost paper wealth from? Sorry, nobody’s left in the building, they left months ago. You will have to go to New York to get your Billion dollars back sir.
Smart people will skip a lot of this drama and pick up a stack of gold and silver now for purchasing power and wealth preservation. Real tangible assets you hold in your hand. Not a paper IOU. No Bank can steal your PM’s, or the IRS, or anybody else.
I sure hope you folks are making some good strategic financial decisions right now. Never keep your assets in the same bank as your debts. Keep them in separate banks. They will steal it all. And when I say Bank, skip the Banks and go to Credit Unions. They are a great cheap way to get loans than some consumer banks based on profit and ripping you off.
But have your paycheck deposited in a separate CU company from your credit card debt. They could take your whole paycheck and put it towards the pay off of your credit card, putting you in a cash crunch. If for some reason this all crashes, keep your assets separate from your liabilities. And never keep much of any assets in any bank or CU. Just enough to pay some bills, Hide and horde your cash and PM’s as best as possible. You got $10K saved up, go buy $3K in silver 1 Oz rounds right now. Diversify. Get out of all paper IOU’s.
White House: Trump to Meet Putin at G20 Summit
06-30-2017 • ht tps://www.prisonplanet.com
President Donald Trump will meet with Russian President Vladimir Putin next week at the G20 summit in Germany, the White House confirmed Thursday.
According to national security adviser H.R. McMaster, the meeting, set to take place on the sidelines of the summit, is one of numerous planned by Trump during his time in Hamburg.
“There is no specific agenda,” McMaster said. “It’s really going to be whatever the president wants to talk about.”
“Our relationship with Russia is no different than any other country.”
** If I was Trump, I would shake hands and say, Look Vlad, You know our country has been Hijacked by the Neocons and Parasites. Help us- help you- help us. How about we drop some Nukes on Davos, and blow those banksters chaos makers to kingdom come, and wipe all the debt off free, no charge. We’ll Get George Soros Captured and hand him over to you Russia to play with and torture. That Zio fart bag needs a good lashing and beating. Russia has a bounty on that creep. And we will let you go wipe the squatters off Palestine as well. Do us a big favor, and we can be friends again. You white, we are white, You are Christian, we are Christian. Pretty simple really. Lets fight ISIS together.
The American People want Peace with Russia, We just have these Psycho chaos makers making the decisions for America’s foreign Policy, not in America’s interests what so ever or anybody else but the Globalists.
One can only hope.
One man’s debt is another bankers asset: until it is not. 🙂
I don’t like the Fed, but one has to ask, why is the government in debt? That is the problem we need to focus on. To be honest we are in debt, so that Democrats and to a lesser degree Republicans can buy votes, so that they can stay in power. Our problem is not the Fed, it is Democrats. The only change that will work is to kill off the Democrats power to tax at the Federal level. If we also return to states rights mode, that will curb power concentration in DC where the Deep state and globalists, run the show.
In other words, to fix our debt problem, repeal the 16th and 17th amendments. The Fed will then become irrelevant as will most the BS Deep state departments.
Won’t matter much the same debt will be there as well as the same heathens running the show. They’ll find an end-around.
A debt that can’t be serviced is not a debt. To solve the debt problem is easy, sell all the land the Federal government claims to own eg most of Alaska and the western CONUS.
I would like to be re-united with some land that was taken thru emminant domain 50 years ago and is still forest land. I will gladly pay the gubment what they paid me!!
Yes, perhaps they could add 2 million to the 217 trillion and give me the 2 million
I agree. Start selling off land to the public so we can use it. Public lands is an oxymoron in the western US. Nothing but a lie so the enviro freaks can ban humans.
Nope, we need to keep the cowards off the land and in the cities to get rid of them.
We are in debt directly because of the Fed. We borrow from them and get to print all those “Federal Reserve Notes” to prove it.
Rellik,
I have to disagree with you about everything being the fault of the Demonrats. It’s true they’re a huge problem, but the Repugnicans have buried us in debt associated with warfare/spying. I would have to give it a 60%/40% blame: 60% Dems/40% Repubs. But the Federal Reserve and all central banks are right there behind the curtain for Dems and Repubs. Get rid of them and pass a term limit law and you’ve solved about 90% of the problem.
T,
We agree to disagree.
Repeal the two amendments 16th and 17th, and we’d fix 100% of the Federal debt problem. We would have another set of problems, and we’d still have Democrats and RINOs, but the big out of control government would be gone.
rellik
While your analysis is true the way money is largely created is through fractional reserve banking where for every $100,000 deposited $2,000,000 is loaned out as the laws (or lack thereof) require only 5% in reserves be held. The creation of money, fiat currency, has facilitated the injection of funds to alter the supply/demand worth of money, hence interest rates of .5% (one half of one percent). Savings are not intentionally encouraged and borrowing conversely is. This problem is multi faceted.
K2,
Agreed, Banks “make money” by making loans, they always have, even before the Fed. My point is if the Federal government no longer has virtually unlimited access to our incomes, they will not be able to conduct markets manipulations, since they will no longer have “deposits” and cannot function as a Bank.
We’re in agreement regarding the Federal Government but the ability to create money out of thin air has stopped the inherent self correcting nature of supply and demand. Banks made bad loans and continue to do so because the money is available to cover their losses. This is economic control that is only in name but not substance from communism.
PO’d Patriot, I don’t have any credit card bills or loans to worry about and don’t even care about credit. I’m debt-free and that leaves me free to concentrate my leftover money on preps. I don’t regret not using credit for one minute. Now watch CSS come back and say how stupid I am for not using it. I don’t give a shit. Debt is one stress in my life I DON’T have. I believe all debts out there will eventually be defaulted on. No way they can be paid off.
lol
It all boils down to human nature. Too many wanting what they don’t deserve, lack of personal responsibility, the abrogation of that responsibility by putting it into the hands of the governments, the inability of people to wait/save/self-sacrifice, the inability of people to assess a truthful picture of their own worth, inflated notions of what equality means, not knowing when to ‘call it’ on losing propositions and pay the piper for errors. A whole raft of human behaviors built-in that manifest in the governments brought into power. Want change? Try truth. I know, “you can’t handle the truth!!”, right? Example– Try telling someone that social security,food, shelter, medical care, clothing, education are not rights – all those systems are broke and no money exists in the system….. just debt. Furthermore, try telling a recipient of any of those systems that they are socialism – not capitalism – and they made one hell of a mistake by committing to the system from the git-go rather than disciplining themselves and creating their own savings, or working to provide for themselves instead of relying on their employer or government (or worse – trusting people they don’t even know or have ever touched to do the saving, paying, and investing for them). No, people have made their beds and now don’t want to sleep in them. Tough love people, tough love. You forgot that ‘We’ are supposed to be the government. ‘We’ have no rights beyond those that God gave us. You do not get or be granted rights from any government. Government should have zero say in any matter concerning retirement, education, our wages or incomes and how they are spent, our environment (if you are so stupid as to soil your own nest – you should have to clean it up yourself or wallow like a hog in the cr*p), licenses to do basic things like travel/drive/own something/perform a task/job/business/hunt/fish…., property, morality or any other personal choice that does not affect another’s choice….. and on and on. But we all are guilty are we not? Of some trangression on our own freedoms. And now, we carp that ‘government and the powers-that-be are out of control!! Sh*t – we put them in control. Time to fight or at least die trying. The first battle will be with that guy or gal in the mirror though.
Heartless, you really nailed that one. Damn good post.
What is it that we owe??? Millions, Billions,Trillions of what??? The coinage act of 1792 defines what a Dollar is! Is this what we’ve been loaned? Hell no, we’ve been loaned numbers, numbers, signifying and representing…,nothing!! Nothing, no thing, that is what we owe!! We are as stupid as the Europeans in thinking we owe a single solitary dime to these evil,wicked bastards of international finance that pleases the Rothschild family so completely. Want to know the answer? Research what the German Regime did to kick out the Central Bank of Germany!! The removal of the Central Bank of Germany created the “German Miracle” but also necessitated the destruction of Germany. When will you learn that the TRIBE will not be denied!!!!!
Aurelius, it’s the GOVERNMENT that owes, NOT WE THE PEOPLE. It’s not the people’s debt. Not our problem, not our responsibility.
Braveheart…I havent been around much for a few years now…clue me in…is CSS the same guy that lives in florida and always gave EPPE a bad time? Did 02 change his screen name again? Is Dale still posting? Sixpack is gone too as well as issed off Granny? Kula is Nailbanger and posts very little? Smokin Okie gone?
Anony,
I can only comment on Kula now being the Nailbanger, we know and respect. He shows up now and then, but he has a job and bills to deal with.
Anonymous, CSS is still the same jerk that always gave Eppe a hard time, just posting under a different moniker now. Sgt. Dale still comes in on occasion. Sixpack rarely comes on here anymore. 02 and Pissed Off Granny have been gone for a long time. Smokin Okie still comes on when he can; he’s been on the road a lot. Kula is now Nailbanger and still posts a fair amount. I miss those old-timers myself, especially Sixpack and Pissed Off Granny.
Braveheart 02 has changed his name twice. He is the equipment operator that drinks “wheeski” (shine)that he makes and posts when he’s drunk sometimes. I will try to dig up his new name…I cant remember his old one from before 02.
02 became Genius…Maybe still is, but yellowpokadotbilini sounded like 02/genius, but is too sober and hasn’t mentioned the oooz yet.
Anonymous, you’re right about 02 being Genius. My mistake; I forgot about that one. He’s on a hiatus for now.
Eppe was a liar like Dep Braveheart, claiming he has a BOL. lol Eppe dreamed of being a ninja garlic toothpick stabber, but fell on one himself and died. Eppe was the drunk cable guy, drinking and typing idiot, who never read the articles, just started self indulging like a turd in a toilet bowl on here. He liked to degrade women. He could only get sex from his wife if she was sleeping. He was a real nut-job for sure. The weak vanish first.
No Dep Braveheart is the Security Guard Door knob Shaker in Tennessee, but keeps all his preps now at his Cuz’s house in N. GA. His stuff is in the shed behind the house. Its not his property, but he like to call it his. But he sleeps in his 2000 Odysee, Yep, Lots of idiots on here start in with the bigger than life BS, and get their asses handed to them, when they get caught lying. I bust Dep BH on here quite often with the same BS. He has no credit period. Like he has any choice in the matter. But go read his scribble above again about credit. Like he sure showed them, he will never take any credit out ever. Its all spin.. lol You get the picture.
Someone needs to get a real fricking life.
Yep, when you lie and play with fire you get burned. Stop plying with matches Dep’s Cuz.
Odd posts on this one. Suggestion and comment – Me personally? I do note some monikers, having obviously seen them before. Some I’ve agreed with their comments, some not. For those who do ‘track’ who’s who – me, Heartless, have never changed my name. In fact, I’ve used it in my trade for over 25 years when testing comm. over the air down here in Florida. Local responders know who I am just by that call that was given me as a joke many many years ago (which by the way, I feel is the best way to gain a nick). I live on the West coast of Florida south of Tampa Bay. Age – coming up on 63. Father of 4, 2 surviving, 1 lost in the P. Gulf (so don’t ever doubt my understanding of what it takes to be free), 7 grand-kids, 4 boys, 3 girls. And since I remember the dinosaurs and when the Rockies were still foothills on an inland sea (according to that last bunch of kids I mentioned) I’ve a perspective based on real life experience and self-employment. I belong to no political party and do try to base my views on reality not hope or speculation. But, I ask all here to do the same. My only request. Treat each other as humans, as you wish to be treated in return. You think me full of it? Call me out on what I say. Fine. We may have to agree to disagree. And that my friends is what America is supposed to be. Hell who knows? We may both be dead-nuts wrong; or, both of us may have some gem of truth buried away in our verbal morass. I ask all never to disparage another’s employ or mechanism for living. If it works for that person – and it hurts no other – cool. Ya’ll getting my drift? I’ll have anyone’s back who adheres to civility and attempts to voice their minds in a rational and honest fashion. Again, that is being an American. Are you all Americans as well? As we say here on the waterways, “Roger that, switch and answer on 6 – 9, 6 – 9 Cap’. OUT”
before anyone worries about opsec….its 15 years too late for that. just keep what you own to yourself instead of posting your billion rounds of 22lr etc.
I don’t have quite that much.
But don’t tell anybody.
AU (gold) and AG (silver) are the only assets which are not, at the same time, someone else’s liability. I suppose you could throw a few other things in there, like land, beans, bandaids and bullets, but those are not fungible.
Make of this what you will.
Let’s just hit the “reset” button and be done with it.
Doom porn says if you are in debt the’ll make you a slave.
If you have money they tell us the globalists will take it.
I think we shall stand side by side, rich and poor, against the globalists.
The national debt way understates the problem. Factor in items like guaranteed loans and unfunded liabilities and the situation is far, far worse. The greatest tsunami that can hit our country is made of red ink and not salt water!
Screw the banks….I owe nothing….come and get that. I came in with nothing, i’ll go out with nothing.
Never had a credit card either. Like you Braveheart I save what I can when I can. Looking for an older car with lower miles in good running order. Fat chance I know, the used car prices are way higher than I paid for my 26 year toyota new. Talk of falling prices I’ve yet to see any. New cars are grossly overpriced also, hell car insurance is outrageous, an open ended gougearama. These insurers only pay out a small fraction of their take for accidents and such. Scammed left and right from every angle. It’s way overboard, when does the flagrant gouging end? It apparently doesn’t! Enough IS enough indeed.
aljamo
Yard and estate sales along with Craigs List are good places to find good used autos here in SW Florida as the population is old. The parents pass and the kids from up north don’t want the 2008 Crown Victoria with 70K. The old people garage kept them, never beat them and seen to it that the maintenance was done. They take care of things.
Aljamo and Kevin2, I’ve always gone to private owners for cash for my cars. I just refuse to get scammed by a car salesman or lender. My old Honda I found on craigslist last year for only $1800 and it was a one owner. 200 model with only 120000 miles at the time. Got 127000 on it now and still running like a champ. I’ve driven it to the BOL and back 6 times with no issues. Paint is faded and just a little bit of damage but everything works. The most money I’ve ever paid for any vehicle was $4000 cash and that was back in 1998. I wouldn’t buy a new vehicle even if I had the right kind of income. I just can’t see paying $3000-$5000 down and then $800-$1200 per month for the next, oh say, 3-6 years. In this economy, getting something financed is kinds like cutting your own throat.
What are you looking at, Cadillacs and Lincolns? I’m not looking to pay more than $300 or $400 at the very most for my next new car, if I buy a new one.
I might just buy a dealer demo. One of the best cars I ever had was a dealer demo Taurus. It was a year old with less than 4,000 miles. I got 30 mpg. from the first tank to the last tank, years later.
Last I checked, Enterprise had good deals on their retired rentals.
I was a manager at Enterprise. You do not want to buy a Rental Car. Everybody beats the hell out of them and the maintenance is not done on time as you think, low oil and oil changes every 10,000 miles. They are not that great, as they just keep them rented with 98% occupancy. Then they take those 10,000 mile beaters to the auction and try to pass them off as newer or one owner. Always get a Car Fax. To know if it was in a wreck. Rental cars are in lots of wrecks.
Just trying to save ya some headaches.
I bought my current pickup at a yard sale back in 1999. It still runs, and looks just bad enough that no one will steal it.
I want to get a small cargo van, like one of those little Ford Transit vans. Anyone have any advice on how to find a good used cargo van? They seem virtually impossible to find in decent shape and under 100K miles!
Your right K2, I know cause my folks are one of those owners. I will probably do the same thing, look about for a grandpa or ma owned car when the time comes.
PO’d Patriot, that will be your best bet. If you find one, keep it going as long as you can. That’s what I’m doing with the Honda. Hondas are just like the energizer bunny; just keep going, going, going.
…unless the Honda won’t pass smog while registered in Californication… then it gets sold for an insulting amount of money to a salvage yard where it gets parted out.
How’s the 2000 Oddysee and the 3 new motor mounts. Did that run like a champ too and shake hard when driving to N Georgia to your Cuz House to bug out?
Nothing that 50K per oz gold won’t solve. The only form of paper that holds it value is toliet paper.
I gave up on engineering when I heard our new CEO, in an introductory meeting, blatantly admit that he was all for investing in ideas that would better mankind, so long as it met the expectations of share holder value, first.
I then moved in multimedia and learned a whole lot more fun things. So, I can tell you what’s wrong with mankind in his present iteration.
Let’s just say that we are bankrupt in far more valuable things than money.
All debts eventually come due.
The authors lead in paragraph really sums it up:
“The borrower is the servant of the lender, and through the mechanism of government debt virtually the entire planet has become the servants of the global money changers. Politicians love to borrow money (spend OPM), but over time government debt slowly but surely impoverishes a nation. As the elite get governments around the globe in increasing amounts of debt, those governments must raise taxes in order to keep servicing those debts. In the end, it is all about taking money from us and transferring it into government pockets, and then taking money from government pockets and transferring it into the hands of the elite. It is a game that has been going on for generations, and it is time for humanity to say that enough is enough.”
Usury was forbidden by The Church. Then they changed that to no excessive interest. Like being a little bit pregnant, borrowing is borrowing.
If the government is unable or unwilling to fix the system, then the fix must come from the people themselves. People just have to become self disciplined, live within their means, work for themselves, provide for themselves. Grow up and stop expecting to be taken care of by some imaginary benefactor.
__
People don’t seem to understand what our debt really is.
Our money is debt, ever think about what the “note” in Federal Reserve Note means?
Paying off the debt is retiring those notes, that means pay off the debt and our money goes away.
No simple or easy way out of this, none at all.
So I’m trying to pay my bill @ IHOP with a $20 and guess what? We don’t have change & can you pay with a card please?Nope I say,well our little waiter got a tip he will have figure out himself. As the light came on about the war on cash “One World Banking System” just slapped this old boy in the face. Your take over of planet Earth is pedal to the metal. Let’s crash the economy & implement this one currency for everybody, because no one can make change anyway….
They Fed prints up IOU Monopoly money out of thin air, then charge you interests to borrow that IOU Monopoly Money, and keep you a slave to their IOU Paper exchange.
The cause of most of these Nation bashing and destroying conflicts, is they are trying to keep the masses on this fraudulent IOU petro dollar monopoly money Scam. People in Nations no longer want to play Monopoly and be slaves. They loose every time. Its game over already, just a matter of time until the last dollar is no longer accepted as a form of legitimate payment, as the value of the $1 dollar turns to zero from its current 2 cents of value. Venezuela Money is an example. Same with India,… Worthless. It all could be declared invalid over the weekend. Come Monday you have zero.
Imagine if you could look at debt the correct way, without listening to the “sky is falling, collapse, WWIII” shysters. ITEM #1: Agree that money is created from debt. You can’t have money without debt as money is born into existence as debt. NOW Imagine all the value of all the work EVER performed in human history, add all the value added by ALL of the manufacturing, add to that the value of all resources taken, add all the sales of food add everything together… and there you have the value of the debt due to item #1. CAN YOU GRASP: The total value of the planetary debt could be looked as a gauge on how much productivity and wealth has been crested by human beings!! Do not be fearful of the debt it is only an indicator of the progress of mankind. And never ever bet against the central banks, you won’t have a crash when all they have to do is print more. I can’t see any reason to fear anything. Why do people fear a mile wide rock taking out the planet, if it happens – it happens. Or some think if the central banks create just one more dollar we will have a collapse!! HA But some are wasting their time on it happening, WTF all the needless worrying. DOW 100k, S&P 20k by 2050. S&P 2,600 by xmas 2017. Many folks on the net earn a living off fear. The truth doesn’t sell. BULLSHIT and a GULLIBLE PUBLIC sells books, subscriptions… just ask CNN and 99% of the YouTubers channels. I can imagine many of you will be hurt by my ideas. There is still time for you to change.
Only 217 trillion. We can pay that off in no time.
Gee, if that small group of Ruling Elite Cabal wasn’t alive, we wouldn’t have ANY debt, would we?