SINCE ITS CLEAR THE NATIONAL DEBT WILL NEVER BE PAID OFF AND WILL CONTINUE TO GROW?
Whats starting to occur when a seductiveness on a debt uses up all of a revenue?
Whats starting to occur to the manage to buy then?
Related posts:
- CAN A DEBT CONTINUE TO ACCRUE INTEREST AFTER IT HAS BEEN SENT TO A COLLECTION AGENCY?
- WOULD THIS STRATEGY WORK TO HELP CLEAR SOME DEBT AND REDUCE INFLATION?
- CLEAR YOUR CREDIT & GET OUT OF DEBT: FIVE EASY STEPS (PAPERBACK)
- MY DEBT WAS SATISFIED BUT IT STILL HAS A BALANCE SHOWING ON MY CREDIT REPORT. HOW DO I CLEAR THIS UP?
- IS IT TRUE THAT IF YOU GO WITH A DEBT MANAGEMENT PROGRAM WILL YOUR CREDIT CLEAR UP FASTER?
Categories: General Debt Help
maybe we oughtta put a Retainer out for a Good Bankruptcy Attorney……….
i'm thinking Chapter 7~!
Who needs money! We got Obama!!!!! (((HURL)))
These bailouts will only prolong the inevitable and saves the rich once again while the rest of us pay for their greed.If this isnt socialism, then what would you call it?
Make no mistake, the End Game is almost complete.
First they planned and drew up plans to invade Iraq and Afghanistan
Second they let happen/created a terrorist attack to get special powers over the Constitution and people by the formation of a World monitoring structure while attached to the Military Industrial Complex
Third – they planned and executed this entire collapse of the American loan and banking debt system for the purpose of handing the entire monetary and loan system of our Nation over to the privately owned Federal Reserve.
The fourth step is coming – Food control and rationing along with free trips to the FEMA camps for dissenters in time of declared Martial Law.
The goal of all of this is to get one step closer to a one World currency by using a bailout system with Canada and Mexico in the so-called conspiracy called "The North American Union". They created the collapse and now act and look like our saviors.
From there you have the Amero – and the Euro!
All national leaders involved will then agree that it is in the best interest of all World citizens to join those two currencies together creating one currency.
Its all about the wealth and power and nothing about our security from terror or financial collapse!
We are headed for a disaster and it is the fault of both parties. The money we borrowed in october is paying almost zero percent interest. For every bond sold in october, there was 10 people standing in line to buy one that pays zero percent interest (.01%) because at the time, treasury bonds and bills were the safest investment. Thus we are not digging our grave as quickly as it appers. However, the interest on previous bonds which pay 4% is really adding up. We currently spend about 10% of our revenues to pay interest on the debt. Our current debt is 11.3 trillion and at 3% interest that is 340 billion yearly. However if inflation causes interest rates to climb, any future borrowing will be done at much higher rates which would be devastating. Our options are to either cut spending in other areas, raise taxes, or default on the loans which would cause a global depression. But remember, we are paying 3% interest and the infaltion rate usually is 3% so we are basically getting free loans. In fact, with a 3% inflation rate, we are making a 3% profit on the money we borrowed at zero percent interest in october. But I see you question…the long term effect of the debt is devestating.