It’s Over: The Democrats And The Republicans Are Both Conspiring To Bankrupt America And Destroy Our Future – End Of The American Dream – Michael Snyder

July 23, 2019 by · Leave a Comment 

Both major political parties are working together to destroy America’s financial future, and most Americans don’t seem to care. Once upon a time, the Republicans were considered to be “the party of fiscal responsibility”, but now they are just as bad as the “free spending” Democrats. As you will see below, a “compromise” budget deal was just reached which will dramatically increase federal spending and will suspend the federal debt limit until after the next election. In other words, both sides are conspiring to make our debt problem much, much worse over the next year and a half, and this should be causing howls of outrage all across America. But instead most Americans seem content to go along with the free spending ways of our political leaders, and only a handful of voices are sounding the alarm as we steamroll toward financial oblivion.

So over the last 10 and a half years, we have added just under 11.4 trillion dollars to our mountain of debt. And when you break that down, that means that our politicians have been stealing more than 100 million dollars every single hour of every single day from future generations of Americans during the Trump/Obama era.

Unfortunately, things are about to get a lot worse. It is being projected that “non-discretionary spending” will dramatically rise as Baby Boomers retire in unprecedented numbers this decade, and as a result our national debt will hit 30 trillion dollars not too long from now. The following comes from a recent Forbes article…

Source: It’s Over: The Democrats And The Republicans Are Both Conspiring To Bankrupt America And Destroy Our Future – End Of The American Dream

The bankers’ ‘power revolution’: How the government got shackled by debt | Intrepid Report.com – Ellen Brown

June 3, 2019 by · Leave a Comment 

This article is excerpted from my new book Banking on the People: Democratizing Money in the Digital Age, available in paperback.—EB

The U.S. federal debt has more than doubled since the 2008 financial crisis, shooting up from $9.4 trillion in mid-2008 to over $22 trillion in April 2019. The debt is never paid off. The government just keeps paying the interest on it, and interest rates are rising.

In 2018, the Fed announced plans to raise rates by 2020 to “normal” levels—a fed funds target of 3.375 percent—and to sell about $1.5 trillion in federal securities at the rate of $50 billion monthly, further growing the mountain of federal debt on the market. When the Fed holds government securities, it returns the interest to the government after deducting its costs; but the private buyers of these securities will be pocketing the interest, adding to the taxpayers’ bill.

Source: The bankers’ ‘power revolution’: How the government got shackled by debt | Intrepid Report.com

The Rutherford Institute :: How to Survive the Journey Ahead: A Graduation Message for a Terrifying Age | By John W. Whitehead

May 21, 2019 by · Leave a Comment 

Those coming of age today will face some of the greatest obstacles ever encountered by young people.

They will find themselves overtaxed, burdened with excessive college debt, and struggling to find worthwhile employment in a debt-ridden economy on the brink of implosion. Their privacy will be eviscerated by the surveillance state. They will be the subjects of a military empire constantly waging war against shadowy enemies and government agents armed to the teeth ready and able to lock down the country at a moment’s notice.

As such, they will find themselves forced to march in lockstep with a government that no longer exists to serve the people but which demands they be obedient slaves or suffer the consequences.

It’s a dismal prospect, isn’t it?

Source: The Rutherford Institute :: How to Survive the Journey Ahead: A Graduation Message for a Terrifying Age | By John W. Whitehead |


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