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Jun 28, 2009

Debtor Children




A


good man leaves an inheritance to his children's children: and the wealth of the sinner is laid up for the just
........... Mishlei (proverbs) 13:22


When this present admininstration is done the United States of America will be in debt to the tune of 12 Trillion dollars public debt and 11 Trillion dollars in private personal debt.
It is not simply the fault of this present administration. This has been long in the making, but this administration is pushing it hard.

The interest alone on that debt is 26 Billion dollars per month.Thats 300 Billion per year just in interest.



In the next 20 years or so years that interest will rise to over 800 Billion and not one cent of the principle will be paid down. It will be paid out to foreign nations who will in effect own us.

The United States will effectively be so far in debt that it cannot ever hope to emerge. Our children and their children will be penniless and indebted to foreign nations.


They will work to pay off that debt and be the servants of those foreigners. Our children and grandchildren have no inheritance from us. They are left without.

The rich ruleth over the poor, and the borrower is
servant to the lender
....Mishlei (proverbs) 22:7

The principle on the debt will never be paid off. And believe me friends, our creditors will demand payment. Don't be naive!

Social Security and Medicare are huge Ponzi schemes . The money in them was taken out of the trust fund by the government until it is completely empty now. That money was meant to stay in the trust fund.

The US has pledged out 14.6 Trillion in IOU's for social security to replace all they "borrowed" .
Part A and B of medicare have unfunded liabilities of 68 Trillion dollars.
Social Security and Medicare have 99.2 Trillion dollars in liabilities.
But still the spend and tax goes on and on and on and wars are fought that deplete us ever more and we are fast winding down to nothing.

After Roosevelt called a bank holiday in 1936, the people had their gold taken from them and all of their silver certificates too. Silver certificates are what dollar bills used to be.
They say "pay to bearer on demand(this amount) in silver". They replaced them with Federal Reserve Notes based on nothing.

This fall the US Government will call for another bank holiday.
What will they take from you this time and with what shall they replace it?

We are in dire trouble friends and world war is looming on the horizon.
Few watchmen are manning the walls or sounding the alarm anymore.

Post Script:
The Obama administration is a culmination of the work of many previous administratons. Bush, Reagan, Nixon, Johnson, Clinton, Carter all the way back to F.D.R, all
had their part in creating this nightmare that will bring this nation down into national slavery.I don't mean a make believe slavery either..

I mean a REAL slavery.

It is time to WAKE UP

Blogger Sultan Knish said...

I have a silver certificate somewhere around here...

but this has been a generation that was utterly self-centered with no interest in the future, and that is the kind of regime we have now

28/6/09  
Blogger Tovah said...

As a mother of 8 dear children and a grandmother of 2, the direction this nation has chosen to pursue just makes my heart ache.

Love,
Beth (aka Tovah)

28/6/09  
Blogger Keli Ata said...

Obama's spending frenzy is nothing but embezzlement if you ask me, which the last time I checked was a criminal offense.

28/6/09  
Blogger Lemon said...

This regime is a culmination of many regimes. Bush, Reagan all had their part in creating this nightmare that will bring this nation down into national slavery.
I don;t mean a make believe slavery either.. I mean a REAL slavery.
It is time to WAKE UP

28/6/09  

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