How crazy must the debt oppression become
before we have "a shift to another exchange system"?
"According to a myriad number of debt-clock websites, the U.S.
National debt today stands at a number so large, the wine-addled
mind has a hard time comprehending it: $7,908,147,497,266.88.
http://www.brillig.com/debt_clock/ it has changed since THEN so
click on this addie and go there!
ABOVE 26 grand is owed by you and another 26 grand for
every child you have. That's NOW. IN one generation the
debt will be double. The dollar bill will be HALF. It'll be twice as
hard for subsequent generations.
- Forty percent of this debt is owed to foreigners. In other words,
every man, woman and child in America owes $5,200 in federal
debt to foreign interests. But if that seems like gloomy news, wait
another 10 years...
- "If one calculates the cost of all the future promises of Social
Security and Medicare/Medicaid, the number runs to somewhere
around $45 trillion," writes our friend Scott Burns, a columnist
with the Dallas Morning News, in his new book with Larry
Kotlikoff, 'The Coming Generational Storm'. "Without any reform
that number grows to $54 trillion by 2008. Future generations of
taxpayers [read: the young... and the unborn] are going to be left
with this debt."
- Of course, the steps required to amend this divergence will never
be popular with the living - for the government must either raise
taxes or cut spending, immediately. . . . "
OR, HOW ABOUT CANCELLING THE DEBTS?
I mean, how crazy do things have to become before there is a
mass of people asking this simple question, and creating an answer?
How crazy must the debt oppression become before we have "a
shift to another exchange system"?
I also read in today's Daily Reckoning that the number of
people losing their homes in the U.S. has risen 67% since last year
and 1.6 million people sought court protection under the U.S.
THE POSTER sent this to me: In response to my reporting from The Daily
Reckoning last week that one in five people with mortgages are likely to
lose their homes, monetary reformer Thomas Greco wrote:
"The Daily Reckoning points to over-spending, but misses the main
cause of the exponential growth of debt, i.e., the usury that is built
into the debt money system. Americans can't spend money they
haven't got unless the banking system is willing to create it and lend
it to them AT INTEREST. Foreigners must keep accepting it to
keep their own economies from collapsing.
-Soft landing? Only if there is an orderly shift to another exchange
system that does not contain this positive feedback defect.
-How can it happen?
-That's our biggest challenge to figure out.
-Conceptually, we have it - mutual credit clearing.
-The problem is, how to implement it on a massive scale in time to
avoid catastrophe?"Of your kids being sucked dry thru interest rate,
high cost of homes, student loan fees......a heartless, bankrupt system
taking it out on your grandkids.
MY POSTER FRIEND recommend a visit to Tom Greco's site at
http://reinventingmoney.com - "The mission of this site is to demystify
money by presenting the best leading-edge ideas on monetary and
non-monetary exchange. It is a resource devoted to the advancement of
economic democracy, self-determination, and global harmony."
Tom's projects and writings link in well with the E-letters, articles
and talk notes at the What Matters web site - "for love's victory over
the debt cross of the world". In The Daily Reckoning April 9, 2004, Addison Wiggin writes:
* * * * * * * * * * * * * * * * * * * * * * * * * * *
Our 'POSTER-BLOGGER' is ANITA SANDS HERNANDEZ, Los Angeles Writer, Researcher, mother of four and Career Astrologer. Catch up with her websites TRUTHS GOV WILL HIDE & NEVER TELL YOU, also The FUTURE, WHAT'S COMIN' AT YA! FRUGAL LIFE STYLE TIPS, HOW TO SURVIVE the COMING GREAT DEPRESSION, and Secrets of Nature, HOLISTIC, AFFORDABLE HEALING. Also ARTISANRY FOR EXPORT, EARN EUROS....* Anita is at firstname.lastname@example.org ). Get a free natal horoscope "my money/future life" reading now + copy horoscope as a Gif file graphic! No smarter, more accurate career reading out there!
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