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Posted
It's basically the result of our overwhelming consumer driven society. The me me me generation. But in reality, what are the world banks going to do? Call it in and crash the U.S. economy? The rest of the world will soon follow. Every time there is a jitter on Wall st, stocks go down world wide. Every ecomony in the world is plugged into Wall st. I think your debt will just balloon and balloon until the second coming :thumbsup:

Not true. Our economic growth is artificial just like our rates and our home values. The world has 6 billion consumers (U.S.A. is 300 million) ready to consume and produce. We have been lent our lifestyles. It's produced by the world. Production, commodities and materials are true wealth. We don't produce much and our home based companies have gone global and don't need our nation for much. In fact they have cheaper labor, materials and taxes elsewhere. We have been used. As our economy faulters, others will replace it as a reserve and rise. We are arrogant to think the world is dependant upon us, it isn't. Without us consuming so much there will be more consumption for the rest of the world. And the banks will be happy to lend them a lifestyle.

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Posted
We are arrogant to think the world is dependant upon us, it isn't.

I will agree with that statement 100%...and you found the root of the problem...ARROGANCE! It will be the ruination of the US as we know it.


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Posted

Ouch..


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Posted
Ouch..

ouch is right... :emot-wave:


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Posted
It's basically the result of our overwhelming consumer driven society. The me me me generation. But in reality, what are the world banks going to do? Call it in and crash the U.S. economy? The rest of the world will soon follow. Every time there is a jitter on Wall st, stocks go down world wide. Every ecomony in the world is plugged into Wall st. I think your debt will just balloon and balloon until the second coming :emot-prettywink:

Not true. Our economic growth is artificial just like our rates and our home values. The world has 6 billion consumers (U.S.A. is 300 million) ready to consume and produce. We have been lent our lifestyles. It's produced by the world. Production, commodities and materials are true wealth. We don't produce much and our home based companies have gone global and don't need our nation for much. In fact they have cheaper labor, materials and taxes elsewhere. We have been used. As our economy faulters, others will replace it as a reserve and rise. We are arrogant to think the world is dependant upon us, it isn't. Without us consuming so much there will be more consumption for the rest of the world. And the banks will be happy to lend them a lifestyle.

If the United States has been "used" we did it to ourselves. But personally I believe it is the other way around, we have done the using. We have borrowed, made alliances with other countries in order to have profit and gain for our country, our government has bullied and conned these other countries and their own citizens nearly to the point of economic collapse. Even if it did start out as some kind of conspiracy theory the effects of what this country has been and done is evident.

Our country needs much prayer and a huge change of heart, mind and attitude.


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Posted

On the National debt what happens is this.

We owe as a government quite a bit of money. Part of our national budget every year, where your taxes go, is allocated to pay back some of this debt with interest. What happens is as the debt becomes larger we become a worse and worse credit risk, thus those who we are borrowing from will demand a higher return on their investment thus higher rates of interest. Eventually government spending will be allocated in larger and larger blocks to paying back the debt. Eventually our taxes will have to go up to pay this debt. We could cut spending and we should but we won't until we have to, and then it will be drastic and taxes will skyrocket.

Let


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Posted (edited)
On the National debt what happens is this.

We owe as a government quite a bit of money. Part of our national budget every year, where your taxes go, is allocated to pay back some of this debt with interest. What happens is as the debt becomes larger we become a worse and worse credit risk, thus those who we are borrowing from will demand a higher return on their investment thus higher rates of interest. Eventually government spending will be allocated in larger and larger blocks to paying back the debt. Eventually our taxes will have to go up to pay this debt. We could cut spending and we should but we won't until we have to, and then it will be drastic and taxes will skyrocket.

Let

Edited by faith pleases God

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Posted

Listen guys I put up a warning some time ago somwhere. We owe ourselves and we have no money to pay ourselves back.

If we went to every place we have given out to we would get some money back.

We are headed for a system owned by a one world mentality. It has been known ever since I can remember. I may have to disappear after I tell people this :

What if the banks gave back to the people the money in interest they make and launder in other countries?

We own nothing...nothing. Our money is not money. It is legal tender and has been rapidily changing to set us up. That thread in your money is not only to keep track of drug traffiking it is to keep up with what you have in your pocket when we become cashless and fixed. ( a fixed income)

The health system known to us medical people as well as christians is now set up to fail. It has been for twenty five years.

If you ask the bank for those of you who own a house for the papers you signed, all the papers you will find that there is something weird in it ...I do not own a house but I rent if I did there is a way for you to own it. I do not and cannot get into it.

I do not listen to parsley although i have enjoyed him in the past. I get some similar words and knowledge from God and stay away for fear of influence.

Maybe I will open up the link later...


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Posted
On the National debt what happens is this.

We owe as a government quite a bit of money. Part of our national budget every year, where your taxes go, is allocated to pay back some of this debt with interest. What happens is as the debt becomes larger we become a worse and worse credit risk, thus those who we are borrowing from will demand a higher return on their investment thus higher rates of interest. Eventually government spending will be allocated in larger and larger blocks to paying back the debt. Eventually our taxes will have to go up to pay this debt. We could cut spending and we should but we won't until we have to, and then it will be drastic and taxes will skyrocket.

Let


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Posted
On the National debt what happens is this.

We owe as a government quite a bit of money. Part of our national budget every year, where your taxes go, is allocated to pay back some of this debt with interest. What happens is as the debt becomes larger we become a worse and worse credit risk, thus those who we are borrowing from will demand a higher return on their investment thus higher rates of interest. Eventually government spending will be allocated in larger and larger blocks to paying back the debt. Eventually our taxes will have to go up to pay this debt. We could cut spending and we should but we won't until we have to, and then it will be drastic and taxes will skyrocket.

Let

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