Friday, July 27, 2018

We Are About To See A Great, Big Debt-Fueled GDP Number For The 2nd Quarter, But There Is A Catch…

At the end of the day, when all else has been said, the solution is to repeal the Federal Reserve Act of 1913 et al, and repudiate the national debt.
Either that or hand over our national sovereignty to the bankers. Charles Hugh Smith called the year the US becomes insolvent at 2024, roughly the same time SS and Medi reach insolvency. The question is, why are we paying interest on our own money? Yes, I know the answer.
As debt increases, so will the percentage of debt service to GDP, which stands at 10% now. Again, the solution is to repeal the Federal Reserve Act. It may very well require a civil war to do so, but the soveriegnty of our nation is at stake. It may not take until the 2020's for some event to precipitate the next Great Financial Crisis.

http://theeconomiccollapseblog.com/archives/we-are-about-to-see-a-great-big-debt-fueled-gdp-number-for-the-2nd-quarter-but-there-is-a-catch

No comments:

Post a Comment