The US debt and its citizen’s wealth
By P Alfonso on Dec 13, 2011 | In 1. The Nation
A cat and a mouse; two animals in the same cage.
More BS from the Fed as they claim that QE3 may not be needed. From June of this year to present the US debt has increased by over $800 billion. If China and Japan did not purchase it; then who did? Notice that there is no more talk on who is buying the Treasury bills. Among other options they are likely to be forcing the purchase with your retirement funds, pensions and 401k assets. One can only guess what will become of those funds that are been lent to a bankrupted government that has a growing and unpayable debt (more theft of the American people).
It is obvious that there is something hidden on who is buying the Treasury debt as the Fed claims that QE3 may not be needed. There is no more pursuance of laws or rules; the Federal Reserve and Central Banks have become rogue institutions looting the wealth of nations and their citizens. It actually appears that it was always intended to end this way. A good example of this can be found on a recent incredible remark made by Alan Greenspan claiming that the US Treasury is solvent no matter what the debt is because all it has to do is print more money.
Yes, if you are over 40 and under 60 and have not retired yet it is likely that you never will. If you are retired and live of your 401k, pension or Social Security you will soon be looking for a job if not already. And there is a big possibility that you will be feeding yourself and family from what you will be able to grow in your backyard if still fortunate enough to have a home. Sounds gloomy? Of course, but take a moment to look at the reality that surrounds us to notice that it is not the illusion we are presented.
The US current debt now is $15,111,000,000,000 ($15.111 trillion). The controversial debt ceiling that was raised in July was $14,290,000,000,000 a difference in six months of $821,000,000,000. Visit the US Debt Clock here. While you are at it notice that as they lie about the improving economy and unemployment the Food Stamp recipients roll is quickly approaching the 48 million mark or close to one in every six Americans and an increase in one year of nearly six million. While holding a good job it is easy to judge all of these people as worthless until you find yourself filling out the application to receive food assistance.
It is easy to be distracted with trivia and false information from the fundamentals that are unchanged. As we are being entertained and laughed at about a deficit cut that will never take place before forced by the upcoming economic collapse and the hoax of who is going to save us in the 2012 rigged elections manipulated by the corporate and banking owned media, we are quickly falling off the cliff.

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