BREAKING: Exclusive To CAPS
Alstry is the FIRST attorney in America to apply the legal concept of Joint & Several Liability to the relationship of American Citizens to the American Government. Up until recently it was never an issue because, for the most part, our politcians behaved fairly rationally. But in the last ten years, our politicans borrowed more money than all of our politicians borrowed in the prior 225 years of our nation's history....living high on the hog and taking their families and friends are some pretty lavish vacations.
And the past few years, the borrowing has gone nuts....borrowing and spending over $3 trillion dollars just at the Federal Level alone...about $10,000 for every man, woman and child.
Most people don't understand the concept of J&S liability....in its most basic, we are all essentially guarantors of our nations debt.....sorta like consignors of a loan....so even though we didn't borrow the money, we are collectively AND individually liable for ALL of our nation's debt.
Now that you understand this, it makes all that government waste a little more personal doesn't it? Sorta like being married to a spouse who you can't reign in their spending....
When our private economy was booming and paying lots of taxes....it really wasn't a big deal. But now that Wall Street has cut off credit to the private economy, the private economy is shutting down, tax receipts have evaported and politicians have started borrowing insanely to maintain their high salaries and lavish lifestyles and give you the perception that the economy has stabilized. Really not too different then when homeowners were encouraged to borrow against their homes and spend massively to support the economy.
THE ONLY PROBLEM IS IF YOU HAVE ANY ASSETS, UNLIKE THE SITUATION WHERE YOUR NEIGHBORS BORROWED AND YOU HAVE NO DIRECT LIABILITY, YOU ARE DIRECTLY RESPONSIBLE FOR THE DEBT POLITICIANS CREATE.....JUST LIKE YOU ARE RESPONSIBLE IF THEY DECLARE WAR ON ANOTHER NATION....
and if your fellow citizens are broke, government will be compelled to take everything YOU have to pay off that debt.
If you know any lawyers, ask them to explain joint and several liability to you....as far as I know, Alstry and the Institute of Alstrynomics were the first to publicly apply it to the relationship between citizens and their government.
Just wait...how do you think Americans are going to react when they learn that they are responsible for the debt our politicians racked up creating this illusion of a recovery. How do you think homeowners felt when they learned that the equity they thought they had accumulated over their lives had evaporated?
You really think you can build a recovery by borrowing trillions? Somebody has to pay it back....and if you have any savings, it will likely be YOU as millions of your fellow Americans are about to lose their jobs!
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