If all money is created through lending, and all loans have interest, then there will always be more debt than there is money.
How can we be expected to pay more money than exists to afford the principle plus interest?
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therighttothink50 · 56-60, M
The questions which need to be addressed are: is money today backed up by any tangible asset? No.
Is the government backing up this money? No. Is the private company, the Fed who we are told is backing up this money who claims to provide this insurance to the banks capable of insuring every lenders deposit? No.
Is money worthless backed by nothing? Yes. Is money only useful when there is a system in place where the people have faith in the system and the currency? Yes.
Are real interest rates dependent upon real market factors rather than imposed fiat rates determined by the Fed, a rogue private company? Yes. Did the last twenty years give us interest rates based on reality? No.
Do the people in Congress have any clue that you can't just keep borrowing and printing money without eventually destroying the whole system? No.
Have the savers/responsible people been screwed over the last twenty years by evil corrupt presidents and Congress? Yes.
What will be the end game of a government who chooses to enslave its citizens with endless debt and chooses to bring people into this country who will never save a dime and just create more endless debt? A socialist hellhole which will most likely lead to a Civil War after the financial collapse. Because if there is one thing people care about it, it is their money they worked for their entire lives saving and accumulating. When they see it vanish over night, you will see real outrage and real anger. Something Hussein Obama and George Soros could never contrive in their wildest dreams.
What was the greatest act of treason committed by one single US President? The ten trillion dollars in debt Hussein Obama heaved onto the backs of every US citizen. He did it for one reason: to destroy the US middle class and this nation. The rogue Congress who were also complicit in this crime against America deserve to rot in hell for eternity as well.
From the phoniest and most treasonous president in American history, Barack Hussein Obama. This quote uttered roughly nine years ago, before the nearly ten trillion dollars in debt this piece of crap added onto the American middle class.
To boot this was done at virtually a zero percent interest rate which makes it even more outrageous. Just imagine how much more this figure would be if interest rates weren't rigged for the last decade or so. Here is the quote from the phony and chief:
Remember when the phony piece of crap uttered these words:
“The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents -- number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back -- $30,000 for every man, woman and child,” Obama said on July 3, 2008, at a campaign event in Fargo, N.D.
“That's irresponsible. It's unpatriotic,” said candidate Obama.
I guess the "man" who is quoted above didn't have a mental illness. He was just diabolical and methodical in enslaving an electorate who was nothing more than sycophantic to this piece of crap. A psychopath who tried to destroy an economy and a nation. To the modern day liberal Obama was a moderate, a nice guy who just didn't get the full cooperation he needed to make the country better. Nothing will change until liberals come to grasp with reality and most of them never will.....
Is the government backing up this money? No. Is the private company, the Fed who we are told is backing up this money who claims to provide this insurance to the banks capable of insuring every lenders deposit? No.
Is money worthless backed by nothing? Yes. Is money only useful when there is a system in place where the people have faith in the system and the currency? Yes.
Are real interest rates dependent upon real market factors rather than imposed fiat rates determined by the Fed, a rogue private company? Yes. Did the last twenty years give us interest rates based on reality? No.
Do the people in Congress have any clue that you can't just keep borrowing and printing money without eventually destroying the whole system? No.
Have the savers/responsible people been screwed over the last twenty years by evil corrupt presidents and Congress? Yes.
What will be the end game of a government who chooses to enslave its citizens with endless debt and chooses to bring people into this country who will never save a dime and just create more endless debt? A socialist hellhole which will most likely lead to a Civil War after the financial collapse. Because if there is one thing people care about it, it is their money they worked for their entire lives saving and accumulating. When they see it vanish over night, you will see real outrage and real anger. Something Hussein Obama and George Soros could never contrive in their wildest dreams.
What was the greatest act of treason committed by one single US President? The ten trillion dollars in debt Hussein Obama heaved onto the backs of every US citizen. He did it for one reason: to destroy the US middle class and this nation. The rogue Congress who were also complicit in this crime against America deserve to rot in hell for eternity as well.
From the phoniest and most treasonous president in American history, Barack Hussein Obama. This quote uttered roughly nine years ago, before the nearly ten trillion dollars in debt this piece of crap added onto the American middle class.
To boot this was done at virtually a zero percent interest rate which makes it even more outrageous. Just imagine how much more this figure would be if interest rates weren't rigged for the last decade or so. Here is the quote from the phony and chief:
Remember when the phony piece of crap uttered these words:
“The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents -- number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back -- $30,000 for every man, woman and child,” Obama said on July 3, 2008, at a campaign event in Fargo, N.D.
“That's irresponsible. It's unpatriotic,” said candidate Obama.
I guess the "man" who is quoted above didn't have a mental illness. He was just diabolical and methodical in enslaving an electorate who was nothing more than sycophantic to this piece of crap. A psychopath who tried to destroy an economy and a nation. To the modern day liberal Obama was a moderate, a nice guy who just didn't get the full cooperation he needed to make the country better. Nothing will change until liberals come to grasp with reality and most of them never will.....