What Every Fool MUST KNOW!!!
Look up this term:
JOINT AND SEVERAL LIABILITY
As you know, Alstry is an attorney....and over the past few years, the politicans we elected borrowed OVER $6 Trillion Dollars in the form of Government Treasuries and Municipal Bonds.
Somebody has to pay this debt back......and guess who it will be? Once you understand JOINT AND SEVERAL LIABILITY.....you will know who.
And to add insult to injury, our corporate executives have also borrowed TRILLIONS over the same time period....and much of that money to pay themselves wonderful salaries and bonuses and also outsource millions of our jobs overseas.
And Guess Where That Money Came From? That's Right.....our collective pension plans, retirement accounts, and investment accounts.
In sum, we as a nation are collectively liable for trillions of dollars of debt that we owe ourselves.....as Wall Street and Washington laugh all the way to the bailed out banks.
And guess what...soon we will all find out that this debt can't be paid back.......but it is not the end of the world, just the end of a world as you knew it......and the beginning of the