Author Topic: Think You’re Debt Free? Not A Chance!  (Read 1271 times)

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gypsy639

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Think You’re Debt Free? Not A Chance!
« on: July 18, 2011, 02:06:29 PM »
Think You’re Debt Free? Not A Chance!


Your Share of Uncle Sam’s Debt: $534,000

The gap between the money Washington takes into its coffers to pay its IOUs and what it actually owes on those IOUs is taking on Grand-Canyonesque proportions, with unfunded liabilities hovering around $62 trillion, according to a USA Today analysis.

Yes, trillions, and trillions. And that breaks down to a staggering $534,000 per U.S. household, USA Today’s analysis finds. By the end of September, another $5,240 that has accumulated will push the household share to nearly $540,000.

Last year, the government raised $1.5 trillion in new debt to cover budget deficits. Also last year, the government added $5.3 trillion to the amount it owes in new financial obligations.

There are two ways to retire that debt.

1- Tax your income...... impossible, are you willing to give that to Uncle Sam?

2- Create fiat money out of thin air.  That's what US Treasury and the Federal Reserve Bank are doing. Even they know you don't have that much money to give to them.

Every time Treasury or the Fed creates more new fiat money out of thin air, the value or purchasing power of your money goes down. You're becoming poorer by the day, and you don't even know it's happening. But you do notice the cost of food and fuel has increased. That's the tip of the iceberg, the real inflation hasn't hit yet.

Experts like Steve Forbes are saying that our only answer to stopping our bleeding dollar is to tether our money to gold...

After you watch the video http://youtu.be/43BCF0xsAyU
   

For an answer,  jump to http://vur.me/wallyp/yW


Wally Pieper
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