Mudrat
04-24-2009, 07:30 AM
Rant on . . .
Watch the video ... (http://www.youtube.com/watch?v=lNS8IY_Td14)
Sad thing is 90% of the people STILL don't understand the GOVERNMENT does not print or control, money anymore (in violation of the US Constitution, Article I section 8, “To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;”). They "Borrow" it from the banks and pay INTEREST on it (since 1913 with enactment of the Federal Reserve Act (http://en.wikipedia.org/wiki/Federal_Reserve_Act) under the 28th President, Woodrow Wilson (D) ). So, think about this ... you borrow $300K for your house or business on a 30 year note at 5%, what are you going to pay over those 30 years?
$631,814.40!! (principle and interest only does not include taxes or insurance). more than twice what you "paid" for it!!
And that's if you don't ever borrow against it or add to the mortgage by borrowing on 'a second'. Do you REALLY think Congress, the President or THE GOVERNMENT will do that?? Hell no!! They 'borrow more and more each year (month?), and our current 'president' has DOUBLED that “loan” value in his first 2 months - not a good record to start with - but he TOLD us what he was going to do and the 'American Public' said "OK" by electing him!!!!!
So let's take the 2 TRILLION dollars the US Government owes the banking system right now (just the banks, not the total US Debt), just from the last 6 months, and see how long it will take to pay back that 2 TRILLION dollars IF the government never borrows against it (and figure the odds there!!) Actually, I'm not sure the on-line calculator will go that high, let's see . . . it won't. It locks up at 20 BILLION, and using exponents in this case doesn't work.
But if you look at the numbers, we (The People) have to pay the banks (the same ones who screwed us up to start with, but are still allowed to print money like Monopoly because Congress, and the President say its “OK”) over $750 BILLION a year for 30 years at 2.2% interest to pay back what 'our Government' has borrowed to date. And that's NOT including what they are going to borrow next month or next year!! And will just involve our children’s debt load for OUR government today!! (quick math, that's $2,500.00 for every man woman and child (including newborns) owe right now to pay this debt off. 111!!! and the 'illegals' don't pay squat the the percentage goes up to close to $3,300.00 per person then #-o )
The National Debt Clock at http://www.brillig.com/debt_clock/ (http://www.brillig.com/debt_clock/) is broken right now . . . possibly trying to figure the current debt?!?!
However, not to fret, http://zfacts.com/p/461.html (http://zfacts.com/p/461.html) is showing $11 Trillion in debt with about $6 Trillion owed “by the public”? (quick math = $20,000 'instant debt' for every man woman and child born today, or take the ileagals out, thats $22,222 per person) Which means this is the portion the ‘Big Government” has assigned to “We The People” (like Pelosi’s $570 Million per year in jet fuel so she can go home weekly, or the recent $8.7 Billion + in Pork so far in the “bail-out” plan)) because they can’t keep it in their pants– or what “We The People” owe those who don’t have a job, but the Government (and in this case it’s not the Royal use of the word, but “We The People” owe according to the politicians) is paying for. Spread the Wealth – that’s what Obama promised, remember?? But he didn’t come right out and say that we will owe double what we did in the first 2 months of his ‘Reign’. And hasn’t set a time line for repaying the now $11 + TRILLION ‘government’ debt.
Yup, do what you can to secure 'something' for your children, grand children, great grand children, and great-great grand children, because "Big Brother" is going to need 100% earnings from every man, woman and child for the next 120 years to pay the banks back the total debt we have right now.
Welcome to Amerika; Welcome to CHANGE!!
Let’s give another $ 27.6 Billion (2007 statistics, http://www.america.gov/st/washfile-english/2007/May/20070524165115zjsredna0.2997553.html (http://www.america.gov/st/washfile-english/2007/May/20070524165115zjsredna0.2997553.html) ) PER YEAR to countries that don’t like us and are actually waging war against us?? $27 Billion would at least DENT the $750 Billion a year we owe the banks and without foreign Aid, the “Government” would NOT have to borrow it to give away!!!
Rant off . . .
Watch the video ... (http://www.youtube.com/watch?v=lNS8IY_Td14)
Sad thing is 90% of the people STILL don't understand the GOVERNMENT does not print or control, money anymore (in violation of the US Constitution, Article I section 8, “To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;”). They "Borrow" it from the banks and pay INTEREST on it (since 1913 with enactment of the Federal Reserve Act (http://en.wikipedia.org/wiki/Federal_Reserve_Act) under the 28th President, Woodrow Wilson (D) ). So, think about this ... you borrow $300K for your house or business on a 30 year note at 5%, what are you going to pay over those 30 years?
$631,814.40!! (principle and interest only does not include taxes or insurance). more than twice what you "paid" for it!!
And that's if you don't ever borrow against it or add to the mortgage by borrowing on 'a second'. Do you REALLY think Congress, the President or THE GOVERNMENT will do that?? Hell no!! They 'borrow more and more each year (month?), and our current 'president' has DOUBLED that “loan” value in his first 2 months - not a good record to start with - but he TOLD us what he was going to do and the 'American Public' said "OK" by electing him!!!!!
So let's take the 2 TRILLION dollars the US Government owes the banking system right now (just the banks, not the total US Debt), just from the last 6 months, and see how long it will take to pay back that 2 TRILLION dollars IF the government never borrows against it (and figure the odds there!!) Actually, I'm not sure the on-line calculator will go that high, let's see . . . it won't. It locks up at 20 BILLION, and using exponents in this case doesn't work.
But if you look at the numbers, we (The People) have to pay the banks (the same ones who screwed us up to start with, but are still allowed to print money like Monopoly because Congress, and the President say its “OK”) over $750 BILLION a year for 30 years at 2.2% interest to pay back what 'our Government' has borrowed to date. And that's NOT including what they are going to borrow next month or next year!! And will just involve our children’s debt load for OUR government today!! (quick math, that's $2,500.00 for every man woman and child (including newborns) owe right now to pay this debt off. 111!!! and the 'illegals' don't pay squat the the percentage goes up to close to $3,300.00 per person then #-o )
The National Debt Clock at http://www.brillig.com/debt_clock/ (http://www.brillig.com/debt_clock/) is broken right now . . . possibly trying to figure the current debt?!?!
However, not to fret, http://zfacts.com/p/461.html (http://zfacts.com/p/461.html) is showing $11 Trillion in debt with about $6 Trillion owed “by the public”? (quick math = $20,000 'instant debt' for every man woman and child born today, or take the ileagals out, thats $22,222 per person) Which means this is the portion the ‘Big Government” has assigned to “We The People” (like Pelosi’s $570 Million per year in jet fuel so she can go home weekly, or the recent $8.7 Billion + in Pork so far in the “bail-out” plan)) because they can’t keep it in their pants– or what “We The People” owe those who don’t have a job, but the Government (and in this case it’s not the Royal use of the word, but “We The People” owe according to the politicians) is paying for. Spread the Wealth – that’s what Obama promised, remember?? But he didn’t come right out and say that we will owe double what we did in the first 2 months of his ‘Reign’. And hasn’t set a time line for repaying the now $11 + TRILLION ‘government’ debt.
Yup, do what you can to secure 'something' for your children, grand children, great grand children, and great-great grand children, because "Big Brother" is going to need 100% earnings from every man, woman and child for the next 120 years to pay the banks back the total debt we have right now.
Welcome to Amerika; Welcome to CHANGE!!
Let’s give another $ 27.6 Billion (2007 statistics, http://www.america.gov/st/washfile-english/2007/May/20070524165115zjsredna0.2997553.html (http://www.america.gov/st/washfile-english/2007/May/20070524165115zjsredna0.2997553.html) ) PER YEAR to countries that don’t like us and are actually waging war against us?? $27 Billion would at least DENT the $750 Billion a year we owe the banks and without foreign Aid, the “Government” would NOT have to borrow it to give away!!!
Rant off . . .
