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    HOUSEHOLD DEBT

    SIX FEET UNDER DEBT

    A new report from the Federal Reserve shows that American households are now sitting on $13.2 trillion in debt, and household net worth – defined as the difference between assets and liabilities – was down a staggering $2.4 trillion from the previous quarter.

    WE LOST 4 TRILLION IN HOME VALUES

    Fed analysts say the decline in net worth was attributable to a decline in the value of financial assets, which fell 5.2% in the third quarter. A fractional drop in U.S. home values (0.6%) contributed as well. Total U.S. home values slid to $16.1 trillion, down from approximately $21 trillion in 2007, just as the recession began to generate some steam.

    COLLECTIVELY WE ARE OVER $37.8 TRILLION IN DEBT TO THE BANKSTERS

    Monitoring household debt is akin to watching a train wreck in slow motion. The $13.2 trillion beats the $13.1 trillion in total government debt, or the $11.5 trillion in debt racked up by non-financial businesses in the U.S., the Fed reports.

    In plain language, U.S. households are deeper in debt than U.S. businesses and – stop the presses – the much-maligned federal government.

    Viewed through another prism, the $13 trillion consumer debt figure almost reaches the total GDP of the U.S., $15 trillion. And losing that $2.4 trillion in Q3 is similar to losing about 16% of total GDP, which would be considered a catastrophic depression in economic circles.

    The trend in lost net income most likely started in 2007, when household net worth crested at $66.8 billion. But four years later, that figure has plunged to $57.4 trillion, the Fed reports.

    The Great Recession, which in hindsight may have been closer to another Great Depression, has inflicted a world of hurt on U.S. households. And that pain is going to take some time to recover from.

    So, all considered we are screwed if we allow our generation to be ruined, our children’s generation to pay for all of this, and our Country to be dropped to its knees attempting to pay for this.  What should we do?

    I think Iceland has the right idea with forgiveness of mortgage debt. This household debt was created using fraudulent inflated appraisals the banks coerced to snooker us into believing the homes were worth the amount we mortgaged.  This would help the average family to stabilize.

    I think collecting taxes from all the offshore vehicles the banks set up to receive our mortgage payments would make a dent in the National debt problem.

    I think the fines should fit the crimes, and all fines should go toward the National debt as these were crimes against the people. 

    I think the Federal Reserve and its bank partners should be exiled from America for treason against the United States of America and the crime of financial terrorism. Why do we need them. We need to go back to being a sovereign Nation in control of its own currency.  The U.S. is the guarantor of most of the mortgage debt through the FDIC, FHA, FANNIE, FREDDIE, VA, AIG,

    MAIDEN LANE, and God knows what else. Why do we need the banksters who lend take money from the FED at 0% interest then lend it to our government for a profit.  This is insane.

    STOP THE INSANITY!

    What would Albert Einstein say?

    The mortgage meltdown and the Wall Street and US government response to it:

     ”We can’t solve problems by using the same kind of thinking we used when we created them.” Einstein

    The US government leaving the mortgage industry and Wall Street in charge of loan modifications and fixing the financial meltdown:

     ”The definition of insanity is doing the same thing over and over again and expecting different results.” Einstein

    QUESTION EVERYTHING:

    “The important thing is not to stop questioning. Curiosity has its own reason for existing.” Einstein

    Find the courage and take the time to understand this complex financial lunacy. If I can do it, you can too. You must question everything you’ve heard in the news because most of it is what the banks want you to believe.

    The turmoil in the world:

    “Peace cannot be kept by force. It can only be achieved by understanding.” Einstein

     We have been given a beautiful EARTH that we all share.  We chose whether to make it heaven or hell on this planet. We were given everything to delight all our senses, sight, smell, taste, touch, and sound, and yet we chose to destroy it and fight with each other.   Imagine a world where we really cared about and shared with each other? What would there be to fight over?

    Your neighbor who is in trouble is not the enemy, the banks who created this mess are the enemy. Focus your anger where it belongs. 

    The military industrial complex wants wars and destruction, not peace and prosperity for all.  Do you feel safer now then you did after 9/11?

    THINK FOR YOURSELF

     RESEARCH AND FIND THE TRUTH

    AND YOU WILL FIGURE OUT WHO THE REAL ENEMY IS

     

     

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