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alstry (36.12)

Economic Homicide

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10

November 03, 2010 – Comments (2)

About 50% of our Federal Budget is now BORROWED money from the FED.  The FED is owned by private bankers and we are "borrowing" about $1.5 Trillion dollars per year from this cabal of bankers.

Think about that for a second...if a private citizen borrowed 50% of his spending.....we would frown upon such behavior and call it reckless.......but if our politicians do it......we remain silent sheep and don't think about the consequences.

At the end of the day, the citizens are jointly liable for the debt of their government.........and our government is borrowing money at a rate humanity has never seen before.  At this point, the government has borrowed more money than the total savings of America......

BUT even more important, it is the borrowing that has become the CASH FLOW of our nation.....if the government was not borrowing, the revenues and incomes to our citizens, businesses and governments would evaporate......

So for now, all is fine so long as the government is able to borrow and spend.....but when that day comes, just like it did to homeowners, when it can no longer borrow and spend......and we "owe" trillions to a group of Wall Street bankers......who we bailed out in the first place......

watch and see what they will demand out of you and your children...........because that money our government is borrowing from these characters is money we will owe them collectively.

Welcome to Collective Interdependence......

 

2 Comments – Post Your Own

#1) On November 03, 2010 at 10:31 AM, EnigmaDude (87.04) wrote:

I usually ignore your posts but I love the title of this one!

+1 rec for the title

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#2) On November 03, 2010 at 10:50 AM, alstry (36.12) wrote:

I usually ignore my posts too....but I do read the links.

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