Hi all you freedom fighters!
Here is a short clip from CNN that shows the debt situation in the USA at the moment.
It shows that every US citizen owes part of this debt through their taxes, future earnings and their children's earnings too:
http://www.youtube.com/watch?v=M4yB4nlk_Zw
For a very full picture on what the current situation in the USA is, read the book 'The creature from Jeckyll island':
http://www.realityzone.com/creature.html
Here is a small extract from this book:
'The USA federal debt is USD 59 trillion. This represents all the goods sold and
all the services rendered in the USA for an entire year. By 2006, gross
interest payments on the national debt were running USD 406 billion per year.
That consumed about 17% of all federal revenue. That represents the
government's largest single expense; greater than defence These costs are not
paid by the government, they are paid by all the taxpayers and very importantly,
inflation.
That cost is about USD 5,000 per family of four. All families pay through
inflation, but not all families pay taxes. Thus, on average, over USD 5000 is
extracted from each family every year, not to provide government services or
even to pay off previous debt. Nothing is produced by it, not even roads or
government buildings. No welfare or medical benefits come out of it. No
salaries are paid by it. The nation's standard of living is not raised by it
either. It does nothing except pay interest.
Furthermore, the interest is compounded. That means, that even if the
government were to completely stop its deficit spending, the total debt would
continue to grow as a result of interest on that portion that already exists.
In 2006, interest on the national debt was already consuming 39% of all the
revenue collected by personal income taxes.
Amazing, isn't it?
This is not all, what does the government do about this? They spend more money
and increase the debt even further! This all, while that interest is
compounding!'
This can happen in any country, and is slowly rearing it's head in the UK, and
in the EU via inflation.
Keep yourself informed about your country's debt and inflation.
Regards
Jacques
Vote for global freedom; support Ron Paul:
http://www.youtube.com/watch?v=FG_HuFtP8w8
The truth about Central banks oppression:
http://video.google.com/videoplay?docid=-515319560256183936
Failing monetary system:
http://video.google.com/videoplay?docid=-9050474362583451279
Here is a short clip from CNN that shows the debt situation in the USA at the moment.
It shows that every US citizen owes part of this debt through their taxes, future earnings and their children's earnings too:
http://www.youtube.com/watch?v=M4yB4nlk_Zw
For a very full picture on what the current situation in the USA is, read the book 'The creature from Jeckyll island':
http://www.realityzone.com/creature.html
Here is a small extract from this book:
'The USA federal debt is USD 59 trillion. This represents all the goods sold and
all the services rendered in the USA for an entire year. By 2006, gross
interest payments on the national debt were running USD 406 billion per year.
That consumed about 17% of all federal revenue. That represents the
government's largest single expense; greater than defence These costs are not
paid by the government, they are paid by all the taxpayers and very importantly,
inflation.
That cost is about USD 5,000 per family of four. All families pay through
inflation, but not all families pay taxes. Thus, on average, over USD 5000 is
extracted from each family every year, not to provide government services or
even to pay off previous debt. Nothing is produced by it, not even roads or
government buildings. No welfare or medical benefits come out of it. No
salaries are paid by it. The nation's standard of living is not raised by it
either. It does nothing except pay interest.
Furthermore, the interest is compounded. That means, that even if the
government were to completely stop its deficit spending, the total debt would
continue to grow as a result of interest on that portion that already exists.
In 2006, interest on the national debt was already consuming 39% of all the
revenue collected by personal income taxes.
Amazing, isn't it?
This is not all, what does the government do about this? They spend more money
and increase the debt even further! This all, while that interest is
compounding!'
This can happen in any country, and is slowly rearing it's head in the UK, and
in the EU via inflation.
Keep yourself informed about your country's debt and inflation.
Regards
Jacques
http://www.youtube.com/watch?v=FG_HuFtP8w8
The truth about Central banks oppression:
http://video.google.com/videoplay?docid=-515319560256183936
Failing monetary system:
http://video.google.com/videoplay?docid=-9050474362583451279
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