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People always joke about us being screwed, but this country won't exist in about 5 years at the rate we're going. Simply put, the states are going to say "enough is enough and we don't want to be responsible for your $20 trillion in debt"
How much is the current interest bill? 164 billion (2010)
What was borrowed via deficit spending? 1.29 trillion (2010)
See the problem yet?
Paying off old investors with new investors' money is what Bernie Madoff is in prison for doing in the private sector.
"Federal Reserve notes are "backed" by all the goods and services in the economy."
This is from THEIR site ...
All YOUR goods and ALL your labor is claimed by Congress to underwrite that debt.
Of course, you do know that you consented to it - via VOLUNTARY enrollment into FICA / SocSec. That what "contributor" means in legalese. That's how they can call us, "human resources" - chattels - pledged as collateral on their bad debts.
You do know that there is NO LAW compelling participation, nor is there any law that punishes those who do not participate.
It is 100% VOLUNTARY servitude - to bypass the constitutional limitations on INVOLUNTARY servitude.
So if you were misled to assume it was MANDATORY to get "the number", can you guess what else might have been misrepresented to you, in order to get your consent?
Do not believe me.... write a polite letter to "your" representative and ask for a copy of the LAW that obligates all Americans in the USA to surrender their birthright of sovereignty, freedom and independence, and "join up" with national socialism.
*(Don't hold your breath waiting for a reply- there is no law.)
People always joke about us being screwed, but this country won't exist in about 5 years at the rate we're going. Simply put, the states are going to say "enough is enough and we don't want to be responsible for your $20 trillion in debt"
Technically speaking (or is that legally snarking?), the United States of America went bankrupt in 1933, was re-organized into the United Socialist States of America, and proceeded to prosecute the bankruptcy against the people, confiscating their property rights under the aegis of "voluntary" participation in SocSec.
In addition, the government declared a State of Emergency, confiscated all lawful money from the "free" people, and made it a crime for "free" Americans to OWN lawful money (!).
Footnote - the 14 trillion DOLLAR debt cannot be paid with dollar bills (IOUs). Debt cannot pay debt. Pursuant to the Coinage Act of 1792, the 14 trillion DOLLAR debt computes to roughly 700 billion ounces of GOLD stamped into coin.
Problem - Fort Knox has only 147.4 million ounces.
Problem - World wide (estimate) is only 5.3 billion ounces.
At current mining rates, it would only take 87,000 years to mine enough gold (assuming it was there, and the debt and interest were frozen RIGHT NOW).
And no one can question the validity of this "debt" pursuant to section 4, Amendment 14, USCON.
Aren't you glad you don't read law, just like Congress doesn't? You might have upchucked your supper!
Market Skeptics: 22 Painful Signs That Austerity Has Arrived In America (http://www.marketskeptics.com/2011/02/22-painful-signs-that-austerity-has.html - broken link)
22 ways Austerity measures are already in the US
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