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America’s Dreadful Debt Legacy

Andy544 Wrote: Feb 15, 2013 12:22 AM
The piper must be paid. When the sleeping masses soon realize the economic swindle (and the crushing debt) that thieving politicians have saddled them with, the outrage is going to be off the charts. Greece will seem like small potatoes when the debt volcano 'goes off' in the USA, both at National, State and local levels...
TJS Wrote: Feb 15, 2013 10:49 AM
Suprise, Rothchildren want 15% interest while the money supply continues to shrink (probably why they stopped M3, since M2 does not reflect the sudden shift of less money/person in the real economy).

Americans live in a consumer culture. We like to buy things. When we can’t afford to purchase something we really want, we turn to credit cards and loans, even though we end up paying more due to interest payments. Over half the population paid interest on credit cards in the past year. “Buy now – pay later”. This mindset has resulted in the plague of personal debt many families are struggling with. Unfortunately the “buy now – pay later” mentality is not limited to the individual consumer, Americans are also inclined to incur debt to fund government projects we can’t...