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Drowning In Debt: 35 Percent Of All Americans Have Debt That Is At Least 180 Days Past Due

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drowning-help-public-domainMore than a third of all Americans can’t pay their debts.  I don’t know about you, but to me that is a shocking figure.  As you will see below, 35 percent of the people living in this country have debt in collections.  When a debt is in  collections, it is at least 180 days past due.  And this is happening during the “economic recovery” that the mainstream media keeps touting, although the truth is that Barack Obama is going to be the only president in United States history to never have a single year when the economy grew by at least 3 percent.  But at least things are fairly stable for the moment, and if this many Americans are having trouble paying their bills right now, what are things going to look like when the economy becomes extremely unstable once again.

The 35 percent figure is a nugget that I discovered in a CNN article about Detroit that I was reading earlier today

And the city’s troubles have left a mark on the financial stability of its residents in a big way, according to a new report from the Urban Institute.

About 66% of residents have debt in collections — meaning more than 180 days past due — at a median amount of $1,847. Across the U.S., 35% of Americans have debt in collections.

It is hard to believe that 66 percent of the residents of one of our largest cities could have debt in collections, but without a doubt the city of Detroit is a complete and utter economic wasteland at this point.

But to me, the 35 percent figure for the nation as a whole is a much greater concern.

And much of the debt that is in collections is credit card debt.

In the immediate aftermath of the last financial crisis, many Americans started getting out of debt, and that was a very good thing.

Unfortunately, that trend has completely reversed itself over the past few years, and now credit card balances are rising at a pace that is quite alarming

Using data from the U.S. Census Bureau and the Federal Reserve, ValuePenguin found that the average credit card debt for households that carry a balance is a shocking $16,048 — a figure that has risen by 10% over the past three years. At the average variable credit card interest rate of 16.1%, this translates to nearly $2,600 in credit card interest alone. And many credit cards have interest rates much higher than the average.

Even scarier, consider that based on the average interest rate and a minimum payment of 1.5% of the balance, it would take nearly 14 years for the typical indebted household to pay off its existing credit card debt, at a staggering cost of more than $40,200. Keep in mind that this assumes no additional credit card debt is added to the tab along the way.

Those that have been there know exactly how it feels to be drowning in credit card debt.

You know, they don’t teach you about credit cards in high school or in college.  At least they didn’t in my day.  So once I got out into the “real world” and discovered the joy of instantly getting whatever I wanted with a credit card, I didn’t understand how painful it would be to pay that money back someday.

If you have credit card balances that are out of control, they can keep you up late into the night.  The worry and the fear can eat away at you like a cancer, and many people play a game of moving balances from one card to another in a desperate attempt to stay afloat.

Fortunately I learned my hard lessons at an early enough age to get things turned around.  Now I warn others about the danger of credit card debt through my writing, and my hope is that the things that I share on my websites are doing some good for others that may be struggling financially.

When you are deep in debt, it is exceedingly difficult to build up any wealth of your own.  This is one of the primary reasons why 69 percent of all Americans have less than $1,000 in savings today.

In essence, more than two-thirds of the country is living paycheck to paycheck, and that is a recipe for disaster when the next major economic downturn in the U.S. strikes.

Overall, household debt in America has now reached a grand total of 12.3 trillion dollars.  When you break that down, it comes to $38,557 for every man, woman and child in the entire nation.

So for a family of five, your share of that total would be $192,785.

And remember, that is just household debt.  That total does not include any form of business debt or any form of government debt.

We truly are a “buy now, pay later” society.  We were the wealthiest and most prosperous nation on the entire planet, and previous generations handed us the keys to the greatest economic machine in world history, but that wasn’t good enough for us.

We always had to have more, more, more – and now we have accumulated more debt than any society in the history of the globe.

It is inevitable that this giant debt bubble is going to burst.  Anyone with an ounce of common sense can see that.

What we experienced in 2008 was just a preview of the hard times that are coming.  The next recession is going to be even worse, and most economists are convinced that it will happen within the next four years no matter who is elected president in November.  The following comes from the Wall Street Journal via the Calculated Risk blog

Economists in The Wall Street Journal’s latest monthly survey of economists put the odds of the next downturn happening within the next four years at nearly 60%.

Just like the last time around, millions of those that are “living on the edge” financially will fall out of the middle class and into poverty when they lose their jobs.

Hopefully most of you that have been reading my work for an extended period of time have already been getting out of debt and have been building up a financial cushion.

Sadly, most of the country continues to act as if they are living in a pre-2008 world, and the economic wake up call that is coming is going to be incredibly painful for those that thought they could get away with being exceedingly reckless financially.

 
  • rant1200 .

    Now this is the info that one needs to know.It can help one decide how to manage one’s money and also prepare for the fallout of desparate people.They won’t snatch purses,but food out of your grocery cart.

    • df NJ

      You will be long dead and gone before economy collapses or the second coming of Christ.

      • Bill G Wilminton NC

        Yeshua Is Coming For His Bride SOON….7 Years Later Is The Second Coming Of Christ….

        Shalom

    • SnodtBlossom

      Jerusalem’s Deliverance Foretold
      19 When King Hezekiah heard this, he tore his clothes and put on sackcloth and went into the temple of the Lord. 2 He sent Eliakim the palace administrator, Shebna the secretary and the leading priests, all wearing sackcloth, to the prophet Isaiah son of Amoz. 3 They told him, “This is what Hezekiah says: This day is a day of distress and rebuke and disgrace, as when children come to the moment of birth and there is no strength to deliver them. 4 It may be that the Lord your God will hear all the words of the field commander, whom his master, the king of Assyria, has sent to ridicule the living God, and that he will rebuke him for the words the Lord your God has heard. Therefore pray for the remnant that still survives.”

      5 When King Hezekiah’s officials came to Isaiah, 6 Isaiah said to them, “Tell your master, ‘This is what the Lord says: Do not be afraid of what you have heard—those words with which the underlings of the king of Assyria have blasphemed me. 7 Listen! When he hears a certain report, I will make him want to return to his own country, and there I will have him cut down with the sword.’”

      8 When the field commander heard that the king of Assyria had left Lachish, he withdrew and found the king fighting against Libnah.

      9 Now Sennacherib received a report that Tirhakah, the king of Cush,[a] was marching out to fight against him. So he again sent messengers to Hezekiah with this word: 10 “Say to Hezekiah king of Judah: Do not let the god you depend on deceive you when he says, ‘Jerusalem will not be given into the hands of the king of Assyria.’ 11 Surely you have heard what the kings of Assyria have done to all the countries, destroying them completely. And will you be delivered? 12 Did the gods of the nations that were destroyed by my predecessors deliver them—the gods of Gozan, Harran, Rezeph and the people of Eden who were in Tel Assar? 13 Where is the king of Hamath or the king of Arpad? Where are the kings of Lair, Sepharvaim, Hena and Ivvah?”

  • Fannie

    We have reduced our living standard. We have cut back on all the “gotta-haves” and find pleasure in having the necessaries. What a difference life now is, compared to the 80’s, when everyone was working and jobs were so plentiful. I am grateful for my little part-time job, as that is all I need.

    • SnodtBlossom

      z z z z…

      • Jack Frost

        Is random Bible quoting the result of some head trauma or hallucinogenic experience you’ve previously experienced?

        • SnodtBlossom

          Don’t MOCK godliness!
          You will ROT in HELLLLLLLLLLL

        • Bill G Wilminton NC

          Just Put A Block On Snotty I Did…….!!!!!

        • LIZ THE SHIZ

          she/he was Dr. Timothy Leary in a prior life

  • JJR

    Things will get much worse if Hillary is elected.

    • ALWAYSTOMORROW

      COUNTDOWN. Today, October 14, 2016. In 24 days I predict Mrs. Clinton will be elected our next president.

      • BS1986

        I hope you are wrong-the anger people will have if she wins will be extreme.

        • SnodtBlossom

          HIllary.. Our Glorious new President! 😀

          • Orac4Prez

            And in other news: Obama has decreed that all white men who don’t support LGBT will be sent to FEMA camps for reeducation and/or gender reassignment.

            Hillary has declared her support and has graciously volunteered Bill the be the first neutered(whoops) reassigned male.

          • SnodtBlossom

            Ezra’s Prayer About Intermarriage
            9 After these things had been done, the leaders came to me and said, “The people of Israel, including the priests and the Levites, have not kept themselves separate from the neighboring peoples with their detestable practices, like those of the Canaanites, Hittites, Perizzites, Jebusites, Ammonites, Moabites, Egyptians and Amorites. 2 They have taken some of their daughters as wives for themselves and their sons, and have mingled the holy race with the peoples around them. And the leaders and officials have led the way in this unfaithfulness.”

            3 When I heard this, I tore my tunic and cloak, pulled hair from my head and beard and sat down appalled. 4 Then everyone who trembled at the words of the God of Israel gathered around me because of this unfaithfulness of the exiles. And I sat there appalled until the evening sacrifice.

            5 Then, at the evening sacrifice, I rose from my self-abasement, with my tunic and cloak torn, and fell on my knees with my hands spread out to the Lord my God 6 and prayed:

            “I am too ashamed and disgraced, my God, to lift up my face to you, because our sins are higher than our heads and our guilt has reached to the heavens. 7 From the days of our ancestors until now, our guilt has been great. Because of our sins, we and our kings and our priests have been subjected to the sword and captivity, to pillage and humiliation at the hand of foreign kings, as it is today.

            8 “But now, for a brief moment, the Lord our God has been gracious in leaving us a remnant and giving us a firm place[a] in his sanctuary, and so our God gives light to our eyes and a little relief in our bondage. 9 Though we are slaves, our God has not forsaken us in our bondage. He has shown us kindness in the sight of the kings of Persia: He has granted us new life to rebuild the house of our God and repair its ruins, and he has given us a wall of protection in Judah and Jerusalem.

            10 “But now, our God, what can we say after this? For we have forsaken the commands 11 you gave through your servants the prophets when you said: ‘The land you are entering to possess is a land polluted by the corruption of its peoples. By their detestable practices they have filled it with their impurity from one end to the other. 12 Therefore, do not give your daughters in marriage to their sons or take their daughters for your sons. Do not seek a treaty of friendship with them at any time, that you may be strong and eat the good things of the land and leave it to your children as an everlasting inheritance.’

            13 “What has happened to us is a result of our evil deeds and our great guilt, and yet, our God, you have punished us less than our sins deserved and have given us a remnant like this. 14 Shall we then break your commands again and intermarry with the peoples who commit such detestable practices? Would you not be angry enough with us to destroy us, leaving us no remnant or survivor? 15 Lord, the God of Israel, you are righteous! We are left this day as a remnant. Here we are before you in our guilt, though because of it not one of us can stand in your presence.”

          • Orac4Prez

            Clever girl.. What about a scriptural reference to Blossom(s)?

          • SnodtBlossom

            Luke 12:27-28
            “Consider the lilies, how they grow: they neither toil nor spin; but I tell you, not even Solomon in all his glory clothed himself like one of these. “But if God so clothes the grass in the field, which is alive today and tomorrow is thrown into the furnace, how much more will He clothe you? You men of little faith!
            Exodus 25:31-36
            “Then you shall make a lampstand of pure gold. The lampstand and its base and its shaft are to be made of hammered work; its cups, its bulbs and its flowers shall be of one piece with it. “Six branches shall go out from its sides; three branches of the lampstand from its one side and three branches of the lampstand from its other side. “Three cups shall be shaped like almond blossoms in the one branch, a bulb and a flower, and three cups shaped like almond blossoms in the other branch, a bulb and a flower–so for six branches going out from the lampstand; read more.
            and in the lampstand four cups shaped like almond blossoms, its bulbs and its flowers. “A bulb shall be under the first pair of branches coming out of it, and a bulb under the second pair of branches coming out of it, and a bulb under the third pair of branches coming out of it, for the six branches coming out of the lampstand. “Their bulbs and their branches shall be of one piece with it; all of it shall be one piece of hammered work of pure gold.

          • Orac4Prez

            Close – but no cigar as Bill Clinton might say..

          • SnodtBlossom

            9 Then Job replied:

            2 “Indeed, I know that this is true.
            But how can mere mortals prove their innocence before God?
            3 Though they wished to dispute with him,
            they could not answer him one time out of a thousand.
            4 His wisdom is profound, his power is vast.
            Who has resisted him and come out unscathed?
            5 He moves mountains without their knowing it
            and overturns them in his anger.
            6 He shakes the earth from its place
            and makes its pillars tremble.
            7 He speaks to the sun and it does not shine;
            he seals off the light of the stars.
            8 He alone stretches out the heavens
            and treads on the waves of the sea.
            9 He is the Maker of the Bear[a] and Orion,
            the Pleiades and the constellations of the south.
            10 He performs wonders that cannot be fathomed,
            miracles that cannot be counted.
            11 When he passes me, I cannot see him;
            when he goes by, I cannot perceive him.
            12 If he snatches away, who can stop him?
            Who can say to him, ‘What are you doing?’
            13 God does not restrain his anger;
            even the cohorts of Rahab cowered at his feet.
            14 “How then can I dispute with him?
            How can I find words to argue with him?
            15 Though I were innocent, I could not answer him;
            I could only plead with my Judge for mercy.
            16 Even if I summoned him and he responded,
            I do not believe he would give me a hearing.
            17 He would crush me with a storm
            and multiply my wounds for no reason.
            18 He would not let me catch my breath
            but would overwhelm me with misery.
            19 If it is a matter of strength, he is mighty!
            And if it is a matter of justice, who can challenge him[b]?
            20 Even if I were innocent, my mouth would condemn me;
            if I were blameless, it would pronounce me guilty.
            21 “Although I am blameless,
            I have no concern for myself;
            I despise my own life.
            22 It is all the same; that is why I say,
            ‘He destroys both the blameless and the wicked.’
            23 When a scourge brings sudden death,
            he mocks the despair of the innocent.
            24 When a land falls into the hands of the wicked,
            he blindfolds its judges.
            If it is not he, then who is it?
            25 “My days are swifter than a runner;
            they fly away without a glimpse of joy.
            26 They skim past like boats of papyrus,
            like eagles swooping down on their prey.
            27 If I say, ‘I will forget my complaint,
            I will change my expression, and smile,’
            28 I still dread all my sufferings,
            for I know you will not hold me innocent.
            29 Since I am already found guilty,
            why should I struggle in vain?
            30 Even if I washed myself with soap
            and my hands with cleansing powder,
            31 you would plunge me into a slime pit
            so that even my clothes would detest me.
            32 “He is not a mere mortal like me that I might answer him,
            that we might confront each other in court.
            33 If only there were someone to mediate between us,
            someone to bring us together,
            34 someone to remove God’s rod from me,
            so that his terror would frighten me no more.
            35 Then I would speak up without fear of him,
            but as it now stands with me, I cannot.

          • BS1986

            She’s a criminal……..how can you celebrate her?

          • SnodtBlossom

            Job
            6 Then Job replied:

            2 “If only my anguish could be weighed
            and all my misery be placed on the scales!
            3 It would surely outweigh the sand of the seas—
            no wonder my words have been impetuous.
            4 The arrows of the Almighty are in me,
            my spirit drinks in their poison;
            God’s terrors are marshaled against me.
            5 Does a wild donkey bray when it has grass,
            or an ox bellow when it has fodder?
            6 Is tasteless food eaten without salt,
            or is there flavor in the sap of the mallow[a]?
            7 I refuse to touch it;
            such food makes me ill.
            8 “Oh, that I might have my request,
            that God would grant what I hope for,
            9 that God would be willing to crush me,
            to let loose his hand and cut off my life!
            10 Then I would still have this consolation—
            my joy in unrelenting pain—
            that I had not denied the words of the Holy One.
            11 “What strength do I have, that I should still hope?
            What prospects, that I should be patient?
            12 Do I have the strength of stone?
            Is my flesh bronze?
            13 Do I have any power to help myself,
            now that success has been driven from me?
            14 “Anyone who withholds kindness from a friend
            forsakes the fear of the Almighty.
            15 But my brothers are as undependable as intermittent streams,
            as the streams that overflow
            16 when darkened by thawing ice
            and swollen with melting snow,
            17 but that stop flowing in the dry season,
            and in the heat vanish from their channels.
            18 Caravans turn aside from their routes;
            they go off into the wasteland and perish.
            19 The caravans of Tema look for water,
            the traveling merchants of Sheba look in hope.
            20 They are distressed, because they had been confident;
            they arrive there, only to be disappointed.
            21 Now you too have proved to be of no help;
            you see something dreadful and are afraid.
            22 Have I ever said, ‘Give something on my behalf,
            pay a ransom for me from your wealth,
            23 deliver me from the hand of the enemy,
            rescue me from the clutches of the ruthless’?
            24 “Teach me, and I will be quiet;
            show me where I have been wrong.
            25 How painful are honest words!
            But what do your arguments prove?
            26 Do you mean to correct what I say,
            and treat my desperate words as wind?
            27 You would even cast lots for the fatherless
            and barter away your friend.
            28 “But now be so kind as to look at me.
            Would I lie to your face?
            29 Relent, do not be unjust;
            reconsider, for my integrity is at stake.[b]
            30 Is there any wickedness on my lips?
            Can my mouth not discern malice?

          • LIZ THE SHIZ

            is everyone enjoying Snotties “RoboBible”

          • BS1986

            I think you are a DUMB-O-Crat DRONE who is clearly unemployed to write that much……..

          • Pic889

            I’m with herself. All glory to the Hilary!

      • JJR

        Sadly I have to agree with you.

      • Steve Hansen

        I have predicted the same thing for more than two years now..! I also predict that she will be the “war-president” in the future history books!

    • df NJ

      I heard just like Obama after Hilary gets elected she’s going to come to take ur gunns.

      • BelieveInCod

        That will never happen.

      • SnodtBlossom

        8 Then Bildad the Shuhite replied:

        2 “How long will you say such things?
        Your words are a blustering wind.
        3 Does God pervert justice?
        Does the Almighty pervert what is right?
        4 When your children sinned against him,
        he gave them over to the penalty of their sin.
        5 But if you will seek God earnestly
        and plead with the Almighty,
        6 if you are pure and upright,
        even now he will rouse himself on your behalf
        and restore you to your prosperous state.
        7 Your beginnings will seem humble,
        so prosperous will your future be.
        8 “Ask the former generation
        and find out what their ancestors learned,
        9 for we were born only yesterday and know nothing,
        and our days on earth are but a shadow.
        10 Will they not instruct you and tell you?
        Will they not bring forth words from their understanding?
        11 Can papyrus grow tall where there is no marsh?
        Can reeds thrive without water?
        12 While still growing and uncut,
        they wither more quickly than grass.
        13 Such is the destiny of all who forget God;
        so perishes the hope of the godless.
        14 What they trust in is fragile[a];
        what they rely on is a spider’s web.
        15 They lean on the web, but it gives way;
        they cling to it, but it does not hold.
        16 They are like a well-watered plant in the sunshine,
        spreading its shoots over the garden;
        17 it entwines its roots around a pile of rocks
        and looks for a place among the stones.
        18 But when it is torn from its spot,
        that place disowns it and says, ‘I never saw you.’
        19 Surely its life withers away,
        and[b] from the soil other plants grow.
        20 “Surely God does not reject one who is blameless
        or strengthen the hands of evildoers.
        21 He will yet fill your mouth with laughter
        and your lips with shouts of joy.
        22 Your enemies will be clothed in shame,
        and the tents of the wicked will be no more.”

    • BelieveInCod

      You’re ridiculous. Trump is a spendthrift.

    • SnodtBlossom

      How much prior political experience does Trump have?
      NADA!!! ZIP!!!! ZILCH!!! ZERO!!!
      He talks the talk, but never walked the walk.
      But hey.. it’s only THE PRESIDENCY!
      Maybe next we’ll grab people off the street w/no medical training to do surgery!
      Neither did Ulysses Grant or Dwight Eisenhower have a prior politcal position, though both had a strong military background. Dwight being ” The Supreme Commander of Allied Forces in World War II”
      and Grant “Commanding General of the United States Army”
      How much military background does Trump have? NADA!!! ZIP!!!! ZILCH!!! ZERO!!!

      “no major U.S. company has filed for Chapter 11 more than Trump’s casino empire in the last 30 years.”
      He has filed four business bankruptcies. Maybe he thinks it’s just as easy to file bankruptcy w/the entire government and walk away.

      • df NJ

        He’s good at humping women. And that’s what this country needs right now.

        • LIZ THE SHIZ

          but Bill the First Humper if Hillary is elected

          • SnodtBlossom

            Job 7New International Version (NIV)

            7 “Do not mortals have hard service on earth?
            Are not their days like those of hired laborers?
            2 Like a slave longing for the evening shadows,
            or a hired laborer waiting to be paid,
            3 so I have been allotted months of futility,
            and nights of misery have been assigned to me.
            4 When I lie down I think, ‘How long before I get up?’
            The night drags on, and I toss and turn until dawn.
            5 My body is clothed with worms and scabs,
            my skin is broken and festering.
            6 “My days are swifter than a weaver’s shuttle,
            and they come to an end without hope.
            7 Remember, O God, that my life is but a breath;
            my eyes will never see happiness again.
            8 The eye that now sees me will see me no longer;
            you will look for me, but I will be no more.
            9 As a cloud vanishes and is gone,
            so one who goes down to the grave does not return.
            10 He will never come to his house again;
            his place will know him no more.
            11 “Therefore I will not keep silent;
            I will speak out in the anguish of my spirit,
            I will complain in the bitterness of my soul.
            12 Am I the sea, or the monster of the deep,
            that you put me under guard?
            13 When I think my bed will comfort me
            and my couch will ease my complaint,
            14 even then you frighten me with dreams
            and terrify me with visions,
            15 so that I prefer strangling and death,
            rather than this body of mine.
            16 I despise my life; I would not live forever.
            Let me alone; my days have no meaning.
            17 “What is mankind that you make so much of them,
            that you give them so much attention,
            18 that you examine them every morning
            and test them every moment?
            19 Will you never look away from me,
            or let me alone even for an instant?
            20 If I have sinned, what have I done to you,
            you who see everything we do?
            Why have you made me your target?
            Have I become a burden to you?[a]
            21 Why do you not pardon my offenses
            and forgive my sins?
            For I will soon lie down in the dust;
            you will search for me, but I will be no more.

        • SnodtBlossom

          Esther Made Queen
          2 Later when King Xerxes’ fury had subsided, he remembered Vashti and what she had done and what he had decreed about her. 2 Then the king’s personal attendants proposed, “Let a search be made for beautiful young virgins for the king. 3 Let the king appoint commissioners in every province of his realm to bring all these beautiful young women into the harem at the citadel of Susa. Let them be placed under the care of Hegai, the king’s eunuch, who is in charge of the women; and let beauty treatments be given to them. 4 Then let the young woman who pleases the king be queen instead of Vashti.” This advice appealed to the king, and he followed it.

          5 Now there was in the citadel of Susa a Jew of the tribe of Benjamin, named Mordecai son of Jair, the son of Shimei, the son of Kish, 6 who had been carried into exile from Jerusalem by Nebuchadnezzar king of Babylon, among those taken captive with Jehoiachin[a] king of Judah. 7 Mordecai had a cousin named Hadassah, whom he had brought up because she had neither father nor mother. This young woman, who was also known as Esther, had a lovely figure and was beautiful. Mordecai had taken her as his own daughter when her father and mother died.

          8 When the king’s order and edict had been proclaimed, many young women were brought to the citadel of Susa and put under the care of Hegai. Esther also was taken to the king’s palace and entrusted to Hegai, who had charge of the harem. 9 She pleased him and won his favor. Immediately he provided her with her beauty treatments and special food. He assigned to her seven female attendants selected from the king’s palace and moved her and her attendants into the best place in the harem.

      • LIZ THE SHIZ

        computer engage script control program SnodthBlossum Alpha , make it so

        • SnodtBlossom

          23 So the Jews agreed to continue the celebration they had begun, doing what Mordecai had written to them. 24 For Haman son of Hammedatha, the Agagite, the enemy of all the Jews, had plotted against the Jews to destroy them and had cast the pur (that is, the lot) for their ruin and destruction. 25 But when the plot came to the king’s attention,[a] he issued written orders that the evil scheme Haman had devised against the Jews should come back onto his own head, and that he and his sons should be impaled on poles. 26 (Therefore these days were called Purim, from the word pur.) Because of everything written in this letter and because of what they had seen and what had happened to them, 27 the Jews took it on themselves to establish the custom that they and their descendants and all who join them should without fail observe these two days every year, in the way prescribed and at the time appointed. 28 These days should be remembered and observed in every generation by every family, and in every province and in every city. And these days of Purim should never fail to be celebrated by the Jews—nor should the memory of these days die out among their descendants.

      • zepovososifu

        American Government Debt belongs to China, will not be easy walk away!!

      • Mike Smithy

        yawn…boring…..

        • SnodtBlossom

          I say to God: Do not declare me guilty,
          but tell me what charges you have against me.
          3 Does it please you to oppress me,
          to spurn the work of your hands,
          while you smile on the plans of the wicked?
          4 Do you have eyes of flesh?
          Do you see as a mortal sees?
          5 Are your days like those of a mortal
          or your years like those of a strong man,
          6 that you must search out my faults
          and probe after my sin—
          7 though you know that I am not guilty
          and that no one can rescue me from your hand?
          8 “Your hands shaped me and made me.
          Will you now turn and destroy me?
          9 Remember that you molded me like clay.
          Will you now turn me to dust again?
          10 Did you not pour me out like milk
          and curdle me like cheese,
          11 clothe me with skin and flesh
          and knit me together with bones and sinews?
          12 You gave me life and showed me kindness,
          and in your providence watched over my spirit.
          13 “But this is what you concealed in your heart,
          and I know that this was in your mind:
          14 If I sinned, you would be watching me
          and would not let my offense go unpunished.
          15 If I am guilty—woe to me!
          Even if I am innocent, I cannot lift my head,
          for I am full of shame
          and drowned in[a] my affliction.
          16 If I hold my head high, you stalk me like a lion
          and again display your awesome power against me.
          17 You bring new witnesses against me
          and increase your anger toward me;
          your forces come against me wave upon wave.
          18 “Why then did you bring me out of the womb?
          I wish I had died before any eye saw me.
          19 If only I had never come into being,
          or had been carried straight from the womb to the grave!
          20 Are not my few days almost over?
          Turn away from me so I can have a moment’s joy
          21 before I go to the place of no return,
          to the land of gloom and utter darkness,
          22 to the land of deepest night,
          of utter darkness and disorder,
          where even the light is like darkness.”

  • Liberty First

    What a great piece. Nailed it. Instant gratification. In all spheres of life. Insane.

    • df NJ

      The other 65% who do have discipline was lot higher than I imagined.

      • SnodtBlossom

        Sennacherib Threatens Jerusalem
        17 The king of Assyria sent his supreme commander, his chief officer and his field commander with a large army, from Lachish to King Hezekiah at Jerusalem. They came up to Jerusalem and stopped at the aqueduct of the Upper Pool, on the road to the Washerman’s Field. 18 They called for the king; and Eliakim son of Hilkiah the palace administrator, Shebna the secretary, and Joah son of Asaph the recorder went out to them.

        19 The field commander said to them, “Tell Hezekiah:

        “‘This is what the great king, the king of Assyria, says: On what are you basing this confidence of yours? 20 You say you have the counsel and the might for war—but you speak only empty words. On whom are you depending, that you rebel against me? 21 Look, I know you are depending on Egypt, that splintered reed of a staff, which pierces the hand of anyone who leans on it! Such is Pharaoh king of Egypt to all who depend on him. 22 But if you say to me, “We are depending on the Lord our God”—isn’t he the one whose high places and altars Hezekiah removed, saying to Judah and Jerusalem, “You must worship before this altar in Jerusalem”?

        23 “‘Come now, make a bargain with my master, the king of Assyria: I will give you two thousand horses—if you can put riders on them! 24 How can you repulse one officer of the least of my master’s officials, even though you are depending on Egypt for chariots and horsemen[e]? 25 Furthermore, have I come to attack and destroy this place without word from the Lord? The Lord himself told me to march against this country and destroy it.’”

        26 Then Eliakim son of Hilkiah, and Shebna and Joah said to the field commander, “Please speak to your servants in Aramaic, since we understand it. Don’t speak to us in Hebrew in the hearing of the people on the wall.”

        27 But the commander replied, “Was it only to your master and you that my master sent me to say these things, and not to the people sitting on the wall—who, like you, will have to eat their own excrement and drink their own urine?”

        28 Then the commander stood and called out in Hebrew, “Hear the word of the great king, the king of Assyria! 29 This is what the king says: Do not let Hezekiah deceive you. He cannot deliver you from my hand. 30 Do not let Hezekiah persuade you to trust in the Lord when he says, ‘The Lord will surely deliver us; this city will not be given into the hand of the king of Assyria.’

        31 “Do not listen to Hezekiah. This is what the king of Assyria says: Make peace with me and come out to me. Then each of you will eat fruit from your own vine and fig tree and drink water from your own cistern, 32 until I come and take you to a land like your own—a land of grain and new wine, a land of bread and vineyards, a land of olive trees and honey. Choose life and not death!

        “Do not listen to Hezekiah, for he is misleading you when he says, ‘The Lord will deliver us.’ 33 Has the god of any nation ever delivered his land from the hand of the king of Assyria? 34 Where are the gods of Hamath and Arpad? Where are the gods of Sepharvaim, Hena and Ivvah? Have they rescued Samaria from my hand? 35 Who of all the gods of these countries has been able to save his land from me? How then can the Lord deliver Jerusalem from my hand?”

        36 But the people remained silent and said nothing in reply, because the king had commanded, “Do not answer him.”

        37 Then Eliakim son of Hilkiah the palace administrator, Shebna the secretary, and Joah son of Asaph the recorder went to Hezekiah, with their clothes torn, and told him what the field commander had said.

    • SnodtBlossom

      Hezekiah King of Judah
      18 In the third year of Hoshea son of Elah king of Israel, Hezekiah son of Ahaz king of Judah began to reign. 2 He was twenty-five years old when he became king, and he reigned in Jerusalem twenty-nine years. His mother’s name was Abijah[a] daughter of Zechariah. 3 He did what was right in the eyes of the Lord, just as his father David had done. 4 He removed the high places, smashed the sacred stones and cut down the Asherah poles. He broke into pieces the bronze snake Moses had made, for up to that time the Israelites had been burning incense to it. (It was called Nehushtan.[b])

      5 Hezekiah trusted in the Lord, the God of Israel. There was no one like him among all the kings of Judah, either before him or after him. 6 He held fast to the Lord and did not stop following him; he kept the commands the Lord had given Moses. 7 And the Lord was with him; he was successful in whatever he undertook. He rebelled against the king of Assyria and did not serve him. 8 From watchtower to fortified city, he defeated the Philistines, as far as Gaza and its territory.

      9 In King Hezekiah’s fourth year, which was the seventh year of Hoshea son of Elah king of Israel, Shalmaneser king of Assyria marched against Samaria and laid siege to it. 10 At the end of three years the Assyrians took it. So Samaria was captured in Hezekiah’s sixth year, which was the ninth year of Hoshea king of Israel. 11 The king of Assyria deported Israel to Assyria and settled them in Halah, in Gozan on the Habor River and in towns of the Medes. 12 This happened because they had not obeyed the Lord their God, but had violated his covenant—all that Moses the servant of the Lord commanded. They neither listened to the commands nor carried them out.

      13 In the fourteenth year of King Hezekiah’s reign, Sennacherib king of Assyria attacked all the fortified cities of Judah and captured them. 14 So Hezekiah king of Judah sent this message to the king of Assyria at Lachish: “I have done wrong. Withdraw from me, and I will pay whatever you demand of me.” The king of Assyria exacted from Hezekiah king of Judah three hundred talents[c] of silver and thirty talents[d] of gold. 15 So Hezekiah gave him all the silver that was found in the temple of the Lord and in the treasuries of the royal palace.

      16 At this time Hezekiah king of Judah stripped off the gold with which he had covered the doors and doorposts of the temple of the Lord, and gave it to the king of Assyria.

  • GSOB

    O come on…
    the financial system is rigged by bank loving legislation to milk the consumer.
    Inevitably, debt is unavoidable, as taxes and death are.
    In fact death is a debt….
    How you legally juggle those chains
    is all that matters to the world.

    • algol2000

      There is no such thing as good debt. The debtor will always be a slave to the creditor until he pays all his debts. Mind you, the money you are owing was “ledgered” into existence by these banks, through “fractional banking”.

      • SnodtBlossom

        16 In the seventeenth year of Pekah son of Remaliah, Ahaz son of Jotham king of Judah began to reign. 2 Ahaz was twenty years old when he became king, and he reigned in Jerusalem sixteen years. Unlike David his father, he did not do what was right in the eyes of the Lord his God. 3 He followed the ways of the kings of Israel and even sacrificed his son in the fire, engaging in the detestable practices of the nations the Lord had driven out before the Israelites. 4 He offered sacrifices and burned incense at the high places, on the hilltops and under every spreading tree.

        5 Then Rezin king of Aram and Pekah son of Remaliah king of Israel marched up to fight against Jerusalem and besieged Ahaz, but they could not overpower him. 6 At that time, Rezin king of Aram recovered Elath for Aram by driving out the people of Judah. Edomites then moved into Elath and have lived there to this day.

        7 Ahaz sent messengers to say to Tiglath-Pileser king of Assyria, “I am your servant and vassal. Come up and save me out of the hand of the king of Aram and of the king of Israel, who are attacking me.” 8 And Ahaz took the silver and gold found in the temple of the Lord and in the treasuries of the royal palace and sent it as a gift to the king of Assyria. 9 The king of Assyria complied by attacking Damascus and capturing it. He deported its inhabitants to Kir and put Rezin to death.

        10 Then King Ahaz went to Damascus to meet Tiglath-Pileser king of Assyria. He saw an altar in Damascus and sent to Uriah the priest a sketch of the altar, with detailed plans for its construction. 11 So Uriah the priest built an altar in accordance with all the plans that King Ahaz had sent from Damascus and finished it before King Ahaz returned. 12 When the king came back from Damascus and saw the altar, he approached it and presented offerings[a] on it. 13 He offered up his burnt offering and grain offering, poured out his drink offering, and splashed the blood of his fellowship offerings against the altar. 14 As for the bronze altar that stood before the Lord, he brought it from the front of the temple—from between the new altar and the temple of the Lord—and put it on the north side of the new altar.

        15 King Ahaz then gave these orders to Uriah the priest: “On the large new altar, offer the morning burnt offering and the evening grain offering, the king’s burnt offering and his grain offering, and the burnt offering of all the people of the land, and their grain offering and their drink offering. Splash against this altar the blood of all the burnt offerings and sacrifices. But I will use the bronze altar for seeking guidance.” 16 And Uriah the priest did just as King Ahaz had ordered.

        17 King Ahaz cut off the side panels and removed the basins from the movable stands. He removed the Sea from the bronze bulls that supported it and set it on a stone base. 18 He took away the Sabbath canopy[b] that had been built at the temple and removed the royal entryway outside the temple of the Lord, in deference to the king of Assyria.

        19 As for the other events of the reign of Ahaz, and what he did, are they not written in the book of the annals of the kings of Judah? 20 Ahaz rested with his ancestors and was buried with them in the City of David. And Hezekiah his son succeeded him as king.

        • algol2000

          Thanks but how does your quote from scripture apply to my post?

      • GSOB

        Debt = Risk

        • algol2000

          Those who plan to build wealth using debt eventually end up in a trap because wealth can only be built through expertise.

    • df NJ

      You can’t have a “Lord’ without “slaves”. It amazing how the slavery religion is so popular. It’s like people are masochistic and want to be slaves. Nobody “knows” what the “Lord really knows”. It’s strange how the slave worshipers somehow speak for God.

      • SnodtBlossom

        15 In the twenty-seventh year of Jeroboam king of Israel, Azariah[a] son of Amaziah king of Judah began to reign. 2 He was sixteen years old when he became king, and he reigned in Jerusalem fifty-two years. His mother’s name was Jekoliah; she was from Jerusalem. 3 He did what was right in the eyes of the Lord, just as his father Amaziah had done. 4 The high places, however, were not removed; the people continued to offer sacrifices and burn incense there.

        5 The Lord afflicted the king with leprosy[b] until the day he died, and he lived in a separate house.[c] Jotham the king’s son had charge of the palace and governed the people of the land.

        6 As for the other events of Azariah’s reign, and all he did, are they not written in the book of the annals of the kings of Judah? 7 Azariah rested with his ancestors and was buried near them in the City of David. And Jotham his son succeeded him as king.

      • Bill G Wilminton NC

        God Speaks For Himself In The Bible….

        Shalom

  • Mike Smithy

    “Just like the last time around, millions of those that are “living on the edge” financially will fall out of the middle class and into poverty when they lose their jobs”.

    Well at least they will still have their faded out Obama posters prominently displayed in their junked out van that is parked under the bridge down by the river.

    • SnodtBlossom

      20 Then Isaiah son of Amoz sent a message to Hezekiah: “This is what the Lord, the God of Israel, says: I have heard your prayer concerning Sennacherib king of Assyria. 21 This is the word that the Lord has spoken against him:

      “‘Virgin Daughter Zion
      despises you and mocks you.
      Daughter Jerusalem
      tosses her head as you flee.
      22 Who is it you have ridiculed and blasphemed?
      Against whom have you raised your voice
      and lifted your eyes in pride?
      Against the Holy One of Israel!
      23 By your messengers
      you have ridiculed the Lord.
      And you have said,
      “With my many chariots
      I have ascended the heights of the mountains,
      the utmost heights of Lebanon.
      I have cut down its tallest cedars,
      the choicest of its junipers.
      I have reached its remotest parts,
      the finest of its forests.
      24 I have dug wells in foreign lands
      and drunk the water there.
      With the soles of my feet
      I have dried up all the streams of Egypt.”
      25 “‘Have you not heard?
      Long ago I ordained it.
      In days of old I planned it;
      now I have brought it to pass,
      that you have turned fortified cities
      into piles of stone.
      26 Their people, drained of power,
      are dismayed and put to shame.
      They are like plants in the field,
      like tender green shoots,
      like grass sprouting on the roof,
      scorched before it grows up.
      27 “‘But I know where you are
      and when you come and go
      and how you rage against me.
      28 Because you rage against me
      and because your insolence has reached my ears,
      I will put my hook in your nose
      and my bit in your mouth,
      and I will make you return
      by the way you came.’
      29 “This will be the sign for you, Hezekiah:

      “This year you will eat what grows by itself,
      and the second year what springs from that.
      But in the third year sow and reap,
      plant vineyards and eat their fruit.
      30 Once more a remnant of the kingdom of Judah
      will take root below and bear fruit above.
      31 For out of Jerusalem will come a remnant,
      and out of Mount Zion a band of survivors.

  • ALWAYSTOMORROW

    Staying out of debt only requires knowing how to add and subtract (which is taught in 1st grade) and discipline.

    The discipline thing is the thing that most people never master.

    • df NJ

      Maybe people’s wages are purposely being repressed. Or, in other words, the cartels and monopolies have purchased the market through legislation and now can charge whatever they want which is too much. I think what is interesting is how the corporate propaganda machine has convince people like you it’s the worker’s fault for being in poverty. Debt is the new original sin.

      • jakartaman

        You are in control of yourself or you are too weak and let others dictate to you – like a good little liberal plantation citizen

        • SnodtBlossom

          2 On another day the angels[a] came to present themselves before the Lord, and Satan also came with them to present himself before him. 2 And the Lord said to Satan, “Where have you come from?”

          Satan answered the Lord, “From roaming throughout the earth, going back and forth on it.”

          3 Then the Lord said to Satan, “Have you considered my servant Job? There is no one on earth like him; he is blameless and upright, a man who fears God and shuns evil. And he still maintains his integrity, though you incited me against him to ruin him without any reason.”

          4 “Skin for skin!” Satan replied. “A man will give all he has for his own life. 5 But now stretch out your hand and strike his flesh and bones, and he will surely curse you to your face.”

          6 The Lord said to Satan, “Very well, then, he is in your hands; but you must spare his life.”

          7 So Satan went out from the presence of the Lord and afflicted Job with painful sores from the soles of his feet to the crown of his head. 8 Then Job took a piece of broken pottery and scraped himself with it as he sat among the ashes.

          9 His wife said to him, “Are you still maintaining your integrity? Curse God and die!”

          10 He replied, “You are talking like a foolish[b] woman. Shall we accept good from God, and not trouble?”

          In all this, Job did not sin in what he said.

          11 When Job’s three friends, Eliphaz the Temanite, Bildad the Shuhite and Zophar the Naamathite, heard about all the troubles that had come upon him, they set out from their homes and met together by agreement to go and sympathize with him and comfort him. 12 When they saw him from a distance, they could hardly recognize him; they began to weep aloud, and they tore their robes and sprinkled dust on their heads. 13 Then they sat on the ground with him for seven days and seven nights. No one said a word to him, because they saw how great his suffering was.

      • Scott Comin

        Amen!!!

        • SnodtBlossom

          Isaiah Prophesies Sennacherib’s Fall
          20 Then Isaiah son of Amoz sent a message to Hezekiah: “This is what the Lord, the God of Israel, says: I have heard your prayer concerning Sennacherib king of Assyria. 21 This is the word that the Lord has spoken against him:

          “‘Virgin Daughter Zion
          despises you and mocks you.
          Daughter Jerusalem
          tosses her head as you flee.
          22 Who is it you have ridiculed and blasphemed?
          Against whom have you raised your voice
          and lifted your eyes in pride?
          Against the Holy One of Israel!
          23 By your messengers
          you have ridiculed the Lord.
          And you have said,
          “With my many chariots
          I have ascended the heights of the mountains,
          the utmost heights of Lebanon.
          I have cut down its tallest cedars,
          the choicest of its junipers.
          I have reached its remotest parts,
          the finest of its forests.
          24 I have dug wells in foreign lands
          and drunk the water there.
          With the soles of my feet
          I have dried up all the streams of Egypt.”
          25 “‘Have you not heard?
          Long ago I ordained it.
          In days of old I planned it;
          now I have brought it to pass,
          that you have turned fortified cities
          into piles of stone.
          26 Their people, drained of power,
          are dismayed and put to shame.
          They are like plants in the field,
          like tender green shoots,
          like grass sprouting on the roof,
          scorched before it grows up.
          27 “‘But I know where you are
          and when you come and go
          and how you rage against me.
          28 Because you rage against me
          and because your insolence has reached my ears,
          I will put my hook in your nose
          and my bit in your mouth,
          and I will make you return
          by the way you came.’
          29 “This will be the sign for you, Hezekiah:

          “This year you will eat what grows by itself,
          and the second year what springs from that.
          But in the third year sow and reap,
          plant vineyards and eat their fruit.
          30 Once more a remnant of the kingdom of Judah
          will take root below and bear fruit above.
          31 For out of Jerusalem will come a remnant,
          and out of Mount Zion a band of survivors.

          • LIZ THE SHIZ

            I miss that old AMOZ and Andy shows

          • SnodtBlossom

            21 Satan rose up against Israel and incited David to take a census of Israel. 2 So David said to Joab and the commanders of the troops, “Go and count the Israelites from Beersheba to Dan. Then report back to me so that I may know how many there are.”

            3 But Joab replied, “May the Lord multiply his troops a hundred times over. My lord the king, are they not all my lord’s subjects? Why does my lord want to do this? Why should he bring guilt on Israel?”

            4 The king’s word, however, overruled Joab; so Joab left and went throughout Israel and then came back to Jerusalem. 5 Joab reported the number of the fighting men to David: In all Israel there were one million one hundred thousand men who could handle a sword, including four hundred and seventy thousand in Judah.

            6 But Joab did not include Levi and Benjamin in the numbering, because the king’s command was repulsive to him. 7 This command was also evil in the sight of God; so he punished Israel.

            8 Then David said to God, “I have sinned greatly by doing this. Now, I beg you, take away the guilt of your servant. I have done a very foolish thing.”

            9 The Lord said to Gad, David’s seer, 10 “Go and tell David, ‘This is what the Lord says: I am giving you three options. Choose one of them for me to carry out against you.’”

            11 So Gad went to David and said to him, “This is what the Lord says: ‘Take your choice: 12 three years of famine, three months of being swept away[a] before your enemies, with their swords overtaking you, or three days of the sword of the Lord—days of plague in the land, with the angel of the Lord ravaging every part of Israel.’ Now then, decide how I should answer the one who sent me.”

            13 David said to Gad, “I am in deep distress. Let me fall into the hands of the Lord, for his mercy is very great; but do not let me fall into human hands.”

            14 So the Lord sent a plague on Israel, and seventy thousand men of Israel fell dead. 15 And God sent an angel to destroy Jerusalem. But as the angel was doing so, the Lord saw it and relented concerning the disaster and said to the angel who was destroying the people, “Enough! Withdraw your hand.” The angel of the Lord was then standing at the threshing floor of Araunah[b] the Jebusite.

            16 David looked up and saw the angel of the Lord standing between heaven and earth, with a drawn sword in his hand extended over Jerusalem. Then David and the elders, clothed in sackcloth, fell facedown.

            17 David said to God, “Was it not I who ordered the fighting men to be counted? I, the shepherd,[c] have sinned and done wrong. These are but sheep. What have they done? Lord my God, let your hand fall on me and my family, but do not let this plague remain on your people.”

      • SnodtBlossom

        3 After this, Job opened his mouth and cursed the day of his birth. 2 He said:

        3 “May the day of my birth perish,
        and the night that said, ‘A boy is conceived!’
        4 That day—may it turn to darkness;
        may God above not care about it;
        may no light shine on it.
        5 May gloom and utter darkness claim it once more;
        may a cloud settle over it;
        may blackness overwhelm it.
        6 That night—may thick darkness seize it;
        may it not be included among the days of the year
        nor be entered in any of the months.
        7 May that night be barren;
        may no shout of joy be heard in it.
        8 May those who curse days[a] curse that day,
        those who are ready to rouse Leviathan.
        9 May its morning stars become dark;
        may it wait for daylight in vain
        and not see the first rays of dawn,
        10 for it did not shut the doors of the womb on me
        to hide trouble from my eyes.
        11 “Why did I not perish at birth,
        and die as I came from the womb?
        12 Why were there knees to receive me
        and breasts that I might be nursed?
        13 For now I would be lying down in peace;
        I would be asleep and at rest
        14 with kings and rulers of the earth,
        who built for themselves places now lying in ruins,
        15 with princes who had gold,
        who filled their houses with silver.
        16 Or why was I not hidden away in the ground like a stillborn child,
        like an infant who never saw the light of day?
        17 There the wicked cease from turmoil,
        and there the weary are at rest.
        18 Captives also enjoy their ease;
        they no longer hear the slave driver’s shout.
        19 The small and the great are there,
        and the slaves are freed from their owners.
        20 “Why is light given to those in misery,
        and life to the bitter of soul,
        21 to those who long for death that does not come,
        who search for it more than for hidden treasure,
        22 who are filled with gladness
        and rejoice when they reach the grave?
        23 Why is life given to a man
        whose way is hidden,
        whom God has hedged in?
        24 For sighing has become my daily food;
        my groans pour out like water.
        25 What I feared has come upon me;
        what I dreaded has happened to me.
        26 I have no peace, no quietness;
        I have no rest, but only turmoil.”

      • jaxon64

        And yet you support the Pro-big Corp, Pro-big Pharma, Pro-banker, Pro-military Industrial Complex, Pro-Wall Street candidate in the history of American politics…hypocrite.

    • LIZ THE SHIZ

      add and subtract is probably not taught with common core but what is taught is what gender you want to be when deciding what bathroom you want to use

      • SnodtBlossom

        Job 5New International Version (NIV)

        5 “Call if you will, but who will answer you?
        To which of the holy ones will you turn?
        2 Resentment kills a fool,
        and envy slays the simple.
        3 I myself have seen a fool taking root,
        but suddenly his house was cursed.
        4 His children are far from safety,
        crushed in court without a defender.
        5 The hungry consume his harvest,
        taking it even from among thorns,
        and the thirsty pant after his wealth.
        6 For hardship does not spring from the soil,
        nor does trouble sprout from the ground.
        7 Yet man is born to trouble
        as surely as sparks fly upward.
        8 “But if I were you, I would appeal to God;
        I would lay my cause before him.
        9 He performs wonders that cannot be fathomed,
        miracles that cannot be counted.
        10 He provides rain for the earth;
        he sends water on the countryside.
        11 The lowly he sets on high,
        and those who mourn are lifted to safety.
        12 He thwarts the plans of the crafty,
        so that their hands achieve no success.
        13 He catches the wise in their craftiness,
        and the schemes of the wily are swept away.
        14 Darkness comes upon them in the daytime;
        at noon they grope as in the night.
        15 He saves the needy from the sword in their mouth;
        he saves them from the clutches of the powerful.
        16 So the poor have hope,
        and injustice shuts its mouth.
        17 “Blessed is the one whom God corrects;
        so do not despise the discipline of the Almighty.[a]
        18 For he wounds, but he also binds up;
        he injures, but his hands also heal.
        19 From six calamities he will rescue you;
        in seven no harm will touch you.
        20 In famine he will deliver you from death,
        and in battle from the stroke of the sword.
        21 You will be protected from the lash of the tongue,
        and need not fear when destruction comes.
        22 You will laugh at destruction and famine,
        and need not fear the wild animals.
        23 For you will have a covenant with the stones of the field,
        and the wild animals will be at peace with you.
        24 You will know that your tent is secure;
        you will take stock of your property and find nothing missing.
        25 You will know that your children will be many,
        and your descendants like the grass of the earth.
        26 You will come to the grave in full vigor,
        like sheaves gathered in season.
        27 “We have examined this, and it is true.
        So hear it and apply it to yourself.”
        Footnotes:

    • R. T.

      Anyone born before 1965 ? the only credit is a house and car ( that you can afford , not what you want ) if you don’t have the money you don’t buy it !! That is why you only needed one person in the house with a full time job , houses were smaller and cars were basic !!!!!
      YOU DON”T CHARGE FAST FOOD !!!!!!!!!!!!!!!!!!!!!!!!!!

      • SnodtBlossom

        4 Then Eliphaz the Temanite replied:

        2 “If someone ventures a word with you, will you be impatient?
        But who can keep from speaking?
        3 Think how you have instructed many,
        how you have strengthened feeble hands.
        4 Your words have supported those who stumbled;
        you have strengthened faltering knees.
        5 But now trouble comes to you, and you are discouraged;
        it strikes you, and you are dismayed.
        6 Should not your piety be your confidence
        and your blameless ways your hope?
        7 “Consider now: Who, being innocent, has ever perished?
        Where were the upright ever destroyed?
        8 As I have observed, those who plow evil
        and those who sow trouble reap it.
        9 At the breath of God they perish;
        at the blast of his anger they are no more.
        10 The lions may roar and growl,
        yet the teeth of the great lions are broken.
        11 The lion perishes for lack of prey,
        and the cubs of the lioness are scattered.
        12 “A word was secretly brought to me,
        my ears caught a whisper of it.
        13 Amid disquieting dreams in the night,
        when deep sleep falls on people,
        14 fear and trembling seized me
        and made all my bones shake.
        15 A spirit glided past my face,
        and the hair on my body stood on end.
        16 It stopped,
        but I could not tell what it was.
        A form stood before my eyes,
        and I heard a hushed voice:
        17 ‘Can a mortal be more righteous than God?
        Can even a strong man be more pure than his Maker?
        18 If God places no trust in his servants,
        if he charges his angels with error,
        19 how much more those who live in houses of clay,
        whose foundations are in the dust,
        who are crushed more readily than a moth!
        20 Between dawn and dusk they are broken to pieces;
        unnoticed, they perish forever.
        21 Are not the cords of their tent pulled up,
        so that they die without wisdom?’

        • LIZ THE SHIZ

          just call the exterminator if you have Termanites

      • Damnedifino

        I agree but with one caveat. If you pay off your card every month, charge fast food and get the cash back that the card offers.

        • R. T.

          Like I said if you don’t have the money don’t buy .
          I grew up when CASH was king !

        • Truegrit

          But every time someone swipes a credit card it creates new money out of thin air and lowers the value of existing money. That’s why true inflation is 900% since 1972

          • Damnedifino

            I know about about fractional banking. I never thought about applying the concept to a credit card. Thanks

    • GSOB

      lol

  • Orac4Prez

    So much for a consumer lead recovery. I have an “acquaintance” who believes if you are going to go bankrupt you might as well make it worthwhile and spend up really big.

    • df NJ

      Maybe the way to salvation is by having a profound consideration for others. Leaving this earth in a pile of dung may turn out to be a ticket to eternal damnation. Whatever we do God seems to be indifferent about it because He keeps letting it happen.

      • SnodtBlossom

        32 “Therefore this is what the Lord says concerning the king of Assyria:

        “‘He will not enter this city
        or shoot an arrow here.
        He will not come before it with shield
        or build a siege ramp against it.
        33 By the way that he came he will return;
        he will not enter this city,
        declares the Lord.
        34 I will defend this city and save it,
        for my sake and for the sake of David my servant.’”
        35 That night the angel of the Lord went out and put to death a hundred and eighty-five thousand in the Assyrian camp. When the people got up the next morning—there were all the dead bodies! 36 So Sennacherib king of Assyria broke camp and withdrew. He returned to Nineveh and stayed there.

        37 One day, while he was worshiping in the temple of his god Nisrok, his sons Adrammelek and Sharezer killed him with the sword, and they escaped to the land of Ararat. And Esarhaddon his son succeeded him as king.

  • ali

    If you are a true American you must be in debt.

  • df NJ

    Having debt is a sin. Sinner repent!

    • SnodtBlossom

      In those days Hezekiah became ill and was at the point of death. The prophet Isaiah son of Amoz went to him and said, “This is what the Lord says: Put your house in order, because you are going to die; you will not recover.”

      2 Hezekiah turned his face to the wall and prayed to the Lord, 3 “Remember, Lord, how I have walked before you faithfully and with wholehearted devotion and have done what is good in your eyes.” And Hezekiah wept bitterly.

      4 Before Isaiah had left the middle court, the word of the Lord came to him: 5 “Go back and tell Hezekiah, the ruler of my people, ‘This is what the Lord, the God of your father David, says: I have heard your prayer and seen your tears; I will heal you. On the third day from now you will go up to the temple of the Lord. 6 I will add fifteen years to your life. And I will deliver you and this city from the hand of the king of Assyria. I will defend this city for my sake and for the sake of my servant David.’”

      7 Then Isaiah said, “Prepare a poultice of figs.” They did so and applied it to the boil, and he recovered.

      8 Hezekiah had asked Isaiah, “What will be the sign that the Lord will heal me and that I will go up to the temple of the Lord on the third day from now?”

      9 Isaiah answered, “This is the Lord’s sign to you that the Lord will do what he has promised: Shall the shadow go forward ten steps, or shall it go back ten steps?”

      10 “It is a simple matter for the shadow to go forward ten steps,” said Hezekiah. “Rather, have it go back ten steps.”

      11 Then the prophet Isaiah called on the Lord, and the Lord made the shadow go back the ten steps it had gone down on the stairway of Ahaz.

  • df NJ

    “The Fed chief also cautioned, however, that if low rates remain in place too long, it “could have costs that exceed the benefits by increasing the risk of financial instability or undermining price stability,” she said.

    She added that the benefits and costs “remain hard to quantify, and other policies might be better suited to address the supply side of the economy.

    It really sounds like Yellen is advocating public polices we might consider to be Keynesian economics. We could wait 20 or 30 years for low interest rates to finally do something. Or, it seems to me passing a few job bills to jump-start the economy might not be the end-of-the-world.

    http://www.usatoday.com/story/money/2016/10/14/yellen-keeping-rates-low-may-heal-economy/92054534/

    • SnodtBlossom

      21 Manasseh was twelve years old when he became king, and he reigned in Jerusalem fifty-five years. His mother’s name was Hephzibah. 2 He did evil in the eyes of the Lord, following the detestable practices of the nations the Lord had driven out before the Israelites. 3 He rebuilt the high places his father Hezekiah had destroyed; he also erected altars to Baal and made an Asherah pole, as Ahab king of Israel had done. He bowed down to all the starry hosts and worshiped them. 4 He built altars in the temple of the Lord, of which the Lord had said, “In Jerusalem I will put my Name.” 5 In the two courts of the temple of the Lord, he built altars to all the starry hosts. 6 He sacrificed his own son in the fire, practiced divination, sought omens, and consulted mediums and spiritists. He did much evil in the eyes of the Lord, arousing his anger.

      7 He took the carved Asherah pole he had made and put it in the temple, of which the Lord had said to David and to his son Solomon, “In this temple and in Jerusalem, which I have chosen out of all the tribes of Israel, I will put my Name forever. 8 I will not again make the feet of the Israelites wander from the land I gave their ancestors, if only they will be careful to do everything I commanded them and will keep the whole Law that my servant Moses gave them.” 9 But the people did not listen. Manasseh led them astray, so that they did more evil than the nations the Lord had destroyed before the Israelites.

      10 The Lord said through his servants the prophets: 11 “Manasseh king of Judah has committed these detestable sins. He has done more evil than the Amorites who preceded him and has led Judah into sin with his idols. 12 Therefore this is what the Lord, the God of Israel, says: I am going to bring such disaster on Jerusalem and Judah that the ears of everyone who hears of it will tingle. 13 I will stretch out over Jerusalem the measuring line used against Samaria and the plumb line used against the house of Ahab. I will wipe out Jerusalem as one wipes a dish, wiping it and turning it upside down. 14 I will forsake the remnant of my inheritance and give them into the hands of enemies. They will be looted and plundered by all their enemies; 15 they have done evil in my eyes and have aroused my anger from the day their ancestors came out of Egypt until this day.”

      16 Moreover, Manasseh also shed so much innocent blood that he filled Jerusalem from end to end—besides the sin that he had caused Judah to commit, so that they did evil in the eyes of the Lord.

  • df NJ

    Speaking of debt:

    On September 10th, 2001. Rumsfeld reported $2.3 TRILLION missing from the Pentagon. ‘Dov Zakheim’ Pentagon Comptroller. Former VP of ‘Systems Planning Corporation’ (Flight Termination System). Signatore of PNAC document.

    History of American False Flag attacks. ‘USS Liberty’, ‘Gulf of Tonkin’, ‘Operation Northwoods’, ‘OKC Bombing (Murrah Building)’, ‘1993 WTC attacks’. ‘Patrick Clawson’. Project for the New American Century (PNAC) needed “a New Pearl Harbor”, “Rebuilding America’s Defenses”.

    • SnodtBlossom

      22 Josiah was eight years old when he became king, and he reigned in Jerusalem thirty-one years. His mother’s name was Jedidah daughter of Adaiah; she was from Bozkath. 2 He did what was right in the eyes of the Lord and followed completely the ways of his father David, not turning aside to the right or to the left.

      3 In the eighteenth year of his reign, King Josiah sent the secretary, Shaphan son of Azaliah, the son of Meshullam, to the temple of the Lord. He said: 4 “Go up to Hilkiah the high priest and have him get ready the money that has been brought into the temple of the Lord, which the doorkeepers have collected from the people. 5 Have them entrust it to the men appointed to supervise the work on the temple. And have these men pay the workers who repair the temple of the Lord— 6 the carpenters, the builders and the masons. Also have them purchase timber and dressed stone to repair the temple. 7 But they need not account for the money entrusted to them, because they are honest in their dealings.”

      8 Hilkiah the high priest said to Shaphan the secretary, “I have found the Book of the Law in the temple of the Lord.” He gave it to Shaphan, who read it. 9 Then Shaphan the secretary went to the king and reported to him: “Your officials have paid out the money that was in the temple of the Lord and have entrusted it to the workers and supervisors at the temple.” 10 Then Shaphan the secretary informed the king, “Hilkiah the priest has given me a book.” And Shaphan read from it in the presence of the king.

      11 When the king heard the words of the Book of the Law, he tore his robes. 12 He gave these orders to Hilkiah the priest, Ahikam son of Shaphan, Akbor son of Micaiah, Shaphan the secretary and Asaiah the king’s attendant: 13 “Go and inquire of the Lord for me and for the people and for all Judah about what is written in this book that has been found. Great is the Lord’s anger that burns against us because those who have gone before us have not obeyed the words of this book; they have not acted in accordance with all that is written there concerning us.”

      • Teresa F

        I’m happy to see you’re reading the Bible 🙂

        • SnodtBlossom

          I’m happy you’re happy.. tho I’m still an atheist

          • df NJ

            There’s nothing wrong with being an atheist as long as you are not an evangelical atheist.

          • SnodtBlossom

            lol

  • df NJ

    It’s kind of hard to make sense of this and what it means:

    https://en.wikipedia.org/wiki/Financial_position_of_the_United_States

    Nice to see private debt as a percentage is under 100%.

    “Economist Paul Krugman also explained in December 2011 the causes of the sizable shift from private deficit to surplus: “This huge move into surplus reflects the end of the housing bubble, a sharp rise in household saving, and a slump in business investment due to lack of customers.”

    • SnodtBlossom

      15 She said to them, “This is what the Lord, the God of Israel, says: Tell the man who sent you to me, 16 ‘This is what the Lord says: I am going to bring disaster on this place and its people, according to everything written in the book the king of Judah has read. 17 Because they have forsaken me and burned incense to other gods and aroused my anger by all the idols their hands have made,[a] my anger will burn against this place and will not be quenched.’ 18 Tell the king of Judah, who sent you to inquire of the Lord, ‘This is what the Lord, the God of Israel, says concerning the words you heard: 19 Because your heart was responsive and you humbled yourself before the Lord when you heard what I have spoken against this place and its people—that they would become a curse[b] and be laid waste—and because you tore your robes and wept in my presence, I also have heard you, declares the Lord. 20 Therefore I will gather you to your ancestors, and you will be buried in peace. Your eyes will not see all the disaster I am going to bring on this place.’”

      So they took her answer back to the king.

      • df NJ

        “A lot of the stories in the Old Testament are in fact plagiarized material, particularly from the rich mythical heritage of the Sumerians – the inventors of writing. The story of Noah and the flood story, the creation of man out of clay, Cain and Abel, the gardens of Eden, the tree of knowledge, creation of Eve from Adams rib, and numerous other myths, like the throwing of Moses in the river after he was born, are all but stories found recorded on Sumerian clay tablets dating 5000 years back in time

        The Bible is a fake.

        • Bill G Wilminton NC

          Noah And His Sons: Ham, Shem And Japheth Survived The Flood On The Ark And Lived Many Centuries And Passed The Stories Of Creation And The Flood VERBALLY To All The New Generations Including Those That Became The Sumerians Who First Wrote On Clay Tablets……

          The ” Bible ” Is A Scientific And Spiritual Marvel….

          Shalom

        • LIZ THE SHIZ

          take 2 Sumerian tablets and call Snotty in the morning

        • Jerry C

          Really? That’s your argument? Someone wrote it down first? You do realize that before words or pictures were written down into stone or animal skin, people talked to each other & stories were passed down through generations, no? You’re embarrassing.

  • Jim Clark

    The reason so many people have little savings and mucho debt is they believe the second coming is about to happen and they can escape scot free. Like James Watt said about conversation when he was Secretary of the Interior.

    • SnodtBlossom

      Samaria Resettled
      24 The king of Assyria brought people from Babylon, Kuthah, Avva, Hamath and Sepharvaim and settled them in the towns of Samaria to replace the Israelites. They took over Samaria and lived in its towns. 25 When they first lived there, they did not worship the Lord; so he sent lions among them and they killed some of the people. 26 It was reported to the king of Assyria: “The people you deported and resettled in the towns of Samaria do not know what the god of that country requires. He has sent lions among them, which are killing them off, because the people do not know what he requires.”

      27 Then the king of Assyria gave this order: “Have one of the priests you took captive from Samaria go back to live there and teach the people what the god of the land requires.” 28 So one of the priests who had been exiled from Samaria came to live in Bethel and taught them how to worship the Lord.

      29 Nevertheless, each national group made its own gods in the several towns where they settled, and set them up in the shrines the people of Samaria had made at the high places. 30 The people from Babylon made Sukkoth Benoth, those from Kuthah made Nergal, and those from Hamath made Ashima; 31 the Avvites made Nibhaz and Tartak, and the Sepharvites burned their children in the fire as sacrifices to Adrammelek and Anammelek, the gods of Sepharvaim. 32 They worshiped the Lord, but they also appointed all sorts of their own people to officiate for them as priests in the shrines at the high places. 33 They worshiped the Lord, but they also served their own gods in accordance with the customs of the nations from which they had been brought.

      34 To this day they persist in their former practices. They neither worship the Lord nor adhere to the decrees and regulations, the laws and commands that the Lord gave the descendants of Jacob, whom he named Israel. 35 When the Lord made a covenant with the Israelites, he commanded them: “Do not worship any other gods or bow down to them, serve them or sacrifice to them. 36 But the Lord, who brought you up out of Egypt with mighty power and outstretched arm, is the one you must worship. To him you shall bow down and to him offer sacrifices. 37 You must always be careful to keep the decrees and regulations, the laws and commands he wrote for you. Do not worship other gods. 38 Do not forget the covenant I have made with you, and do not worship other gods. 39 Rather, worship the Lord your God; it is he who will deliver you from the hand of all your enemies.”

      40 They would not listen, however, but persisted in their former practices. 41 Even while these people were worshiping the Lord, they were serving their idols. To this day their children and grandchildren continue to do as their ancestors did.

      • df NJ

        Typical Game of Thrones. Everyone wants to be God. Every town has its own God.

  • XSANDIEGOCA

    If all Americans eschewed debt, the Economy would collapse within 90 days.

    • SnodtBlossom

      Hoshea Last King of Israel
      17 In the twelfth year of Ahaz king of Judah, Hoshea son of Elah became king of Israel in Samaria, and he reigned nine years. 2 He did evil in the eyes of the Lord, but not like the kings of Israel who preceded him.

      3 Shalmaneser king of Assyria came up to attack Hoshea, who had been Shalmaneser’s vassal and had paid him tribute. 4 But the king of Assyria discovered that Hoshea was a traitor, for he had sent envoys to So[a] king of Egypt, and he no longer paid tribute to the king of Assyria, as he had done year by year. Therefore Shalmaneser seized him and put him in prison. 5 The king of Assyria invaded the entire land, marched against Samaria and laid siege to it for three years. 6 In the ninth year of Hoshea, the king of Assyria captured Samaria and deported the Israelites to Assyria. He settled them in Halah, in Gozan on the Habor River and in the towns of the Medes.

      Israel Exiled Because of Sin
      7 All this took place because the Israelites had sinned against the Lord their God, who had brought them up out of Egypt from under the power of Pharaoh king of Egypt. They worshiped other gods 8 and followed the practices of the nations the Lord had driven out before them, as well as the practices that the kings of Israel had introduced. 9 The Israelites secretly did things against the Lord their God that were not right. From watchtower to fortified city they built themselves high places in all their towns. 10 They set up sacred stones and Asherah poles on every high hill and under every spreading tree. 11 At every high place they burned incense, as the nations whom the Lord had driven out before them had done. They did wicked things that aroused the Lord’s anger. 12 They worshiped idols, though the Lord had said, “You shall not do this.”[b] 13 The Lord warned Israel and Judah through all his prophets and seers: “Turn from your evil ways. Observe my commands and decrees, in accordance with the entire Law that I commanded your ancestors to obey and that I delivered to you through my servants the prophets.”

      14 But they would not listen and were as stiff-necked as their ancestors, who did not trust in the Lord their God. 15 They rejected his decrees and the covenant he had made with their ancestors and the statutes he had warned them to keep. They followed worthless idols and themselves became worthless. They imitated the nations around them although the Lord had ordered them, “Do not do as they do.”

      16 They forsook all the commands of the Lord their God and made for themselves two idols cast in the shape of calves, and an Asherah pole. They bowed down to all the starry hosts, and they worshiped Baal. 17 They sacrificed their sons and daughters in the fire. They practiced divination and sought omens and sold themselves to do evil in the eyes of the Lord, arousing his anger.

      18 So the Lord was very angry with Israel and removed them from his presence. Only the tribe of Judah was left, 19 and even Judah did not keep the commands of the Lord their God. They followed the practices Israel had introduced. 20 Therefore the Lord rejected all the people of Israel; he afflicted them and gave them into the hands of plunderers, until he thrust them from his presence.

      21 When he tore Israel away from the house of David, they made Jeroboam son of Nebat their king. Jeroboam enticed Israel away from following the Lord and caused them to commit a great sin. 22 The Israelites persisted in all the sins of Jeroboam and did not turn away from them 23 until the Lord removed them from his presence, as he had warned through all his servants the prophets. So the people of Israel were taken from their homeland into exile in Assyria, and they are still there.

      • df NJ

        google “9/11 purim children” to understand the truth.

    • ALWAYSTOMORROW

      Wory only about your debt. That you can control.

  • billtheguy

    I have been looking at this all wrong! You have a couple out there working two jobs at about $9.00 an hour each and considered poor due to they live in a run down area with other hard working folks. Both of their cars are 14-15 years old, and rarely go out to eat at a nice place like (Applebees?). On the other hand you have a welfare recipient who has everything paid for (including heat where the thermos would be set at 76) including food and a free phone. (and spending money I heard) They have all that free time to do what they want. I thought I read somewhere it cost taxpayers for an average recipient about $38K per year. That’s your new middle class!!! LOL Could this be the way of it?

    • df NJ

      I agree. Since we’ve privatized public utilities rates have shot through the roof and the quality of service is as low as it can possibly be. Meanwhile the utility CEO is pocketing the majority of the profits. Privatization just doesn’t work.

  • normanramsey

    It is not surprising at all when you include medical debt which people choose to make monthly installments on a bill too large to pay at once. But, Michael continue to keep watch over the economy and society. Even so, come quickly Lord Jesus.

    • SnodtBlossom

      23 Then the king called together all the elders of Judah and Jerusalem. 2 He went up to the temple of the Lord with the people of Judah, the inhabitants of Jerusalem, the priests and the prophets—all the people from the least to the greatest. He read in their hearing all the words of the Book of the Covenant, which had been found in the temple of the Lord. 3 The king stood by the pillar and renewed the covenant in the presence of the Lord—to follow the Lord and keep his commands, statutes and decrees with all his heart and all his soul, thus confirming the words of the covenant written in this book. Then all the people pledged themselves to the covenant.

      4 The king ordered Hilkiah the high priest, the priests next in rank and the doorkeepers to remove from the temple of the Lord all the articles made for Baal and Asherah and all the starry hosts. He burned them outside Jerusalem in the fields of the Kidron Valley and took the ashes to Bethel. 5 He did away with the idolatrous priests appointed by the kings of Judah to burn incense on the high places of the towns of Judah and on those around Jerusalem—those who burned incense to Baal, to the sun and moon, to the constellations and to all the starry hosts. 6 He took the Asherah pole from the temple of the Lord to the Kidron Valley outside Jerusalem and burned it there. He ground it to powder and scattered the dust over the graves of the common people. 7 He also tore down the quarters of the male shrine prostitutes that were in the temple of the Lord, the quarters where women did weaving for Asherah.

    • df NJ

      For 25 year now in row healthcare premiums up by an average of 20% per year. The ACA has done absolutely nothing to slow down this trend. This means every 5 years the price of the premium per month has double. At the end of this current cycle my healthcare premium will be more than my mortgage. Something is not right. There is no business in America that is able to sustain a 20% increase in top-line revenue and remain in business if it were not a cartel or monopoly. It’s just not possible.

      You will be long dead and gone before the economy collapses or Jesus returns. But keep praying for mayhem.

      • socalbeachdude

        That is all due to MASSIVE PRICE GOUGING by the hospital and pharmaceutical industries and the ACA did nothing to address that issue which is the CORE ISSUE which must be tackled. In fact, the ACA was written by the lobbyists for the hospital and pharmaceutical industries and greatly compounded the issue of egregious overcharging for medical services and drugs.

        • LIZ THE SHIZ

          when Obama leaves office I’m sure he’ll give plenty of highly paid speeches to the industries and lobbyists he wrote legislation for , he’ll make Bill and Hill look like pikers in the money he and Moochelle will take in

      • ALWAYSTOMORROW

        Actuality it doubles in less than 4 years.

        Math is important to stay out of debt. 🙂

    • Richard O. Mann

      Revelation 22King James Version (KJV)

      22 And he shewed me a pure river of water of life, clear as crystal, proceeding out of the throne of God and of the Lamb.

      2 In
      the midst of the street of it, and on either side of the river, was
      there the tree of life, which bare twelve manner of fruits, and yielded
      her fruit every month: and the leaves of the tree were for the healing
      of the nations.

      3 And there shall be no more curse: but the throne of God and of the Lamb shall be in it; and his servants shall serve him:

      4 And they shall see his face; and his name shall be in their foreheads.

      5 And
      there shall be no night there; and they need no candle, neither light
      of the sun; for the Lord God giveth them light: and they shall reign for
      ever and ever.

      6 And
      he said unto me, These sayings are faithful and true: and the Lord God
      of the holy prophets sent his angel to shew unto his servants the things
      which must shortly be done.

      7 Behold, I come quickly: blessed is he that keepeth the sayings of the prophecy of this book.

      8 And
      I John saw these things, and heard them. And when I had heard and seen,
      I fell down to worship before the feet of the angel which shewed me
      these things.

      9 Then
      saith he unto me, See thou do it not: for I am thy fellowservant, and
      of thy brethren the prophets, and of them which keep the sayings of this
      book: worship God.

      10 And he saith unto me, Seal not the sayings of the prophecy of this book: for the time is at hand.

      11 He
      that is unjust, let him be unjust still: and he which is filthy, let
      him be filthy still: and he that is righteous, let him be righteous
      still: and he that is holy, let him be holy still.

      12 And, behold, I come quickly; and my reward is with me, to give every man according as his work shall be.

      13 I am Alpha and Omega, the beginning and the end, the first and the last.

      14 Blessed
      are they that do his commandments, that they may have right to the tree
      of life, and may enter in through the gates into the city.

      15 For without are dogs, and sorcerers, and whoremongers, and murderers, and idolaters, and whosoever loveth and maketh a lie.

      16 I
      Jesus have sent mine angel to testify unto you these things in the
      churches. I am the root and the offspring of David, and the bright and
      morning star.

      17 And
      the Spirit and the bride say, Come. And let him that heareth say, Come.
      And let him that is athirst come. And whosoever will, let him take the
      water of life freely.

      18 For
      I testify unto every man that heareth the words of the prophecy of this
      book, If any man shall add unto these things, God shall add unto him
      the plagues that are written in this book:

      19 And
      if any man shall take away from the words of the book of this prophecy,
      God shall take away his part out of the book of life, and out of the
      holy city, and from the things which are written in this book.

      20 He which testifieth these things saith, Surely I come quickly. Amen. Even so, come, Lord Jesus.

      21 The grace of our Lord Jesus Christ be with you all. Amen.

      • SnodtBlossom

        7 That day David first appointed Asaph and his associates to give praise to the Lord in this manner:

        8 Give praise to the Lord, proclaim his name;
        make known among the nations what he has done.
        9 Sing to him, sing praise to him;
        tell of all his wonderful acts.
        10 Glory in his holy name;
        let the hearts of those who seek the Lord rejoice.
        11 Look to the Lord and his strength;
        seek his face always.
        12 Remember the wonders he has done,
        his miracles, and the judgments he pronounced,
        13 you his servants, the descendants of Israel,
        his chosen ones, the children of Jacob.
        14 He is the Lord our God;
        his judgments are in all the earth.
        15 He remembers[c] his covenant forever,
        the promise he made, for a thousand generations,
        16 the covenant he made with Abraham,
        the oath he swore to Isaac.
        17 He confirmed it to Jacob as a decree,
        to Israel as an everlasting covenant:
        18 “To you I will give the land of Canaan
        as the portion you will inherit.”
        19 When they were but few in number,
        few indeed, and strangers in it,
        20 they[d] wandered from nation to nation,
        from one kingdom to another.
        21 He allowed no one to oppress them;
        for their sake he rebuked kings:
        22 “Do not touch my anointed ones;
        do my prophets no harm.”
        23 Sing to the Lord, all the earth;
        proclaim his salvation day after day.
        24 Declare his glory among the nations,
        his marvelous deeds among all peoples.
        25 For great is the Lord and most worthy of praise;
        he is to be feared above all gods.
        26 For all the gods of the nations are idols,
        but the Lord made the heavens.
        27 Splendor and majesty are before him;
        strength and joy are in his dwelling place.
        28 Ascribe to the Lord, all you families of nations,
        ascribe to the Lord glory and strength.
        29 Ascribe to the Lord the glory due his name;
        bring an offering and come before him.
        Worship the Lord in the splendor of his[e] holiness.
        30 Tremble before him, all the earth!
        The world is firmly established; it cannot be moved.
        31 Let the heavens rejoice, let the earth be glad;
        let them say among the nations, “The Lord reigns!”
        32 Let the sea resound, and all that is in it;
        let the fields be jubilant, and everything in them!
        33 Let the trees of the forest sing,
        let them sing for joy before the Lord,
        for he comes to judge the earth.
        34 Give thanks to the Lord, for he is good;
        his love endures forever.
        35 Cry out, “Save us, God our Savior;
        gather us and deliver us from the nations,
        that we may give thanks to your holy name,
        and glory in your praise.”
        36 Praise be to the Lord, the God of Israel,
        from everlasting to everlasting.

    • SnodtBlossom

      “The zeal of the Lord Almighty will accomplish this.

      32 “Therefore this is what the Lord says concerning the king of Assyria:

      “‘He will not enter this city
      or shoot an arrow here.
      He will not come before it with shield
      or build a siege ramp against it.
      33 By the way that he came he will return;
      he will not enter this city,
      declares the Lord.
      34 I will defend this city and save it,
      for my sake and for the sake of David my servant.’”
      35 That night the angel of the Lord went out and put to death a hundred and eighty-five thousand in the Assyrian camp. When the people got up the next morning—there were all the dead bodies! 36 So Sennacherib king of Assyria broke camp and withdrew. He returned to Nineveh and stayed there.

      37 One day, while he was worshiping in the temple of his god Nisrok, his sons Adrammelek and Sharezer killed him with the sword, and they escaped to the land of Ararat. And Esarhaddon his son succeeded him as king.

  • World debt comparison with the global debt clock

    The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is familiar to anyone who has been to Times Square in New York, where the American public shortfall is revealed. Our clock shows the global figure for almost all government debts in dollar terms.

    http://www.economist.com/content/global_debt_clock

    • df NJ

      Speaking of debt:

      On September 10th, 2001. Rumsfeld reported $2.3 TRILLION missing from the Pentagon. ‘Dov Zakheim’ Pentagon Comptroller. Former VP of ‘Systems Planning Corporation’ (Flight Termination System). Signatore of PNAC document.

      History of American False Flag attacks. ‘USS Liberty’, ‘Gulf of Tonkin’, ‘Operation Northwoods’, ‘OKC Bombing (Murrah Building)’, ‘1993 WTC attacks’. ‘Patrick Clawson’. Project for the New American Century (PNAC) needed “a New Pearl Harbor”, “Rebuilding America’s Defenses”.

      • You are correct and I have the CSPAN link for support and feel free to share this with anyone.

        SEPTEMBER 10, 2001 Defense Business Practices

        Secretary Rumsfeld and other officials talked with reporters about the need to refine the Defense Department’s business practices. 

        http://www.c-span.org/video/?165947-1/defense-business-practices

        • df NJ

          “Refine” is not a strong enough word. How about life in prison without any chance of parole for violating the public trust?

          • Again, no argument here! Just be sure and file this link and feel free to share this with those who still have no clue NJ!

          • df NJ

            I think more people are becoming aware of how deep the rabbit hole goes. I can’t remember any time in my lifetime where the esteem of government has been any lower.

          • This is at the root of all of our problems today. There are 545 DIRECTLY, LEGALLY, MORALLY, INDIVIDUALLY, RESPONSIBLE FOR EVERY PROBLEM AMERICA FACES.

            https://youtu.be/EH_Izul6J5M

          • df NJ

            The little girl voice was very good given the content. However, most of the people in the forced labor camps died of starvation more than anything else and it had nothing to do with their religion or race. I think the Germans just like having cheap labor.

            I agree that the only thing worse than German leadership during WWII was the German people’s willingness to allow themselves to be led. People love worshiping authority. It’s a cultural phenomena. People love bullies. People love to be bullied. I don’t know what the answer is for this love affair with masochism. It think people like the comfort that comes with not having any responsibilities over one’s own psychological development. Sieg Heil!

            If you want to understand the Nazi mindset, I thought the Alfred Hitchcock movie the Saboteur was very insightful.

            In terms of our democracy, I found the works of Edward Bernays to be very interesting in understanding what has been happening in this country.

            https://www.youtube.com/watch?v=qiKMmrG1ZKU

            Propaganda and public relations is a extremely valuable tool for the corporatists. It’s just amazing how well it works.

          • Well done NJ, I to have read the books on propaganda by Edward Bernays, and public opinion by Walter Lippman, and the crowd by Gustave Le Bon.

            Just to know how the masses are moved, and how it is done. You can also just listen while you are busy as well like a radio.

            Rule from the Shadows – The Psychology of Power – Part 1 Time to look behind the curtain!

            https://youtu.be/p8ERfxWouXs

    • socalbeachdude

      Total global debt is now around $200 trillion with a very significant portion of that having been added over the past 10 years.

      • Start date 9/11 2001!

        ALL WARS ARE BANKERS’ WARS! By Michael Rivero

        I know many people have a great deal of difficulty comprehending just how many wars are started for no other purpose than to force private central banks onto nations, so let me share a few examples, so that you understand why the US Government is mired in so many wars against so many foreign nations. There is ample precedent for this.

        https://youtu.be/WN0Y3HRiuxo

        • df NJ

          I’ve watched that one before. Good one.

  • df NJ

    A farmer got so old that he couldn’t work the fields anymore. So he would spend the day just sitting on the porch. His son, still working the farm, would look up from time to time and see his father sitting there.

    “He’s of no use any more,” the son thought to himself, “he doesn’t do anything!” One day the son got so frustrated by this, that he built a wood coffin, dragged it over to the porch, and told his father to get in.

    Without saying anything, the father climbed inside. After closing the lid, the son dragged the coffin to the edge of the farm where there was a high cliff.

    As he approached the drop, he heard a light tapping on the lid from inside the coffin. He opened it up. Still lying there peacefully, the father looked up at his son. “I know you are going to throw me over the cliff, but before you do, may I suggest something?” “What is it?” replied the son. “Throw me over the cliff, if you like,” said the father, “but save this good wood coffin. Your children might need to use it.”

    • LIZ THE SHIZ

      and then one night a salesman knocked on the farmers door and the farmer said you can sleep here but you’ll have to use this old coffin that my daughter uses to make money for our family

  • df NJ

    There’s a reason why the Chinese are beating us economically. The Chinese have a better social philosophy and religion for governance:

    “The teachings of Confucius are focused on two interrelated areas: Social Teachings, which deal with the proper behaviour of the individual in society and to his fellow men, and Political Teachings, which deal with the art of governance and the proper relationship of the Ruler to the ruled.”

    • socalbeachdude

      The Chinese economy is only about HALF THE SIZE OF THE US ECONOMY and is DROWNING IN DEBT which has increased by 465% over the past 10 years and China is and will be the epicenter of debt crashing – not the USA.

      • GSOB

        They’ll reign in the US debt / gold reserves >3T

  • df NJ

    Gilgamesh was a really bad dude. His was the Donald Trump of his day:

    GILGAMESH went abroad in the world, but he met with none who could withstand his arms till be came to Uruk. But the men of Uruk muttered in their houses, ‘Gilgamesh sounds the tocsin for his amusement, his arrogance has no bounds by day or night. No son is left with his father, for Gilgamesh takes them all, even the children; yet the king should be a shepherd to his people. His lust leaves no virgin to her lover, neither the warrior’s daughter nor the wife of the noble; yet this is the shepherd of the city, wise, comely, and resolute.’

  • Richard O. Mann

    I think the view that it will all come crashing down some time within the next 4 years is very optimistic. I would go more with 6 months to a year. There are just so many other situations going on around the world right now, any one of which could throw the economy into a tail spin.

    • df NJ

      8 million babies born this year. Lots of diapers and spending. It’s not going to crash as long as demand increases.

      • socalbeachdude

        Demand is certainly not increasing for anything in the United States.

        • GSOB

          The dollar is still in demand

      • LIZ THE SHIZ

        how many babies were aborted ?

    • aldownunder

      Why don’t you get old mate Alwaystomorrow to start a countdown for you

  • socalbeachdude

    Total debt outstanding in the United States now exceeds $64 trillion including federal, state, corporate, business, municipal, and consumer debt. The fastest growing segment of consumer debt is student loan debt which now exceeds $1.3 trillion and is non-dischargeable.

  • socalbeachdude

    US TREASURY SAYS $588 BILLION DEFICIT BUT DEBT SOARS BY $1.4 TRILLION…

    U.S. Deficit Up for First Time Since 2009 on Spending Surge

    The U.S. budget deficit as a share of the economy widened for the first time in seven years, marking a turning point in the nation’s fiscal outlook as an aging population boosts government spending and debt.

    Spending exceeded revenue by $587.4 billion in the 12 months to Sept. 30, compared with a $439.1 billion deficit in fiscal 2015, the Treasury Department said Friday in a report released in Washington. That was in line with a Congressional Budget Office estimate on Oct. 7 for a shortfall of $588 billion. As a share of gross domestic product, the shortfall rose to 3.2 percent from 2.5 percent a year earlier, the first such increase since 2009, government figures show.

    The Treasury said receipts in fiscal 2016 totaled $3.27 trillion, or 17.8 percent of GDP, while spending totaled $3.85 trillion, or 20.9 percent of GDP. Receipts rose $18 billion from fiscal 2015, while outlays jumped $166 billion, the figures showed. The department cited higher spending on Social Security, Medicare, Medicaid and interest on government debt.

    http://www.bloomberg.com/news/articles/2016-10-14/u-s-deficit-widens-for-first-time-since-2009-on-spending-surge

    So, then, why exactly did the federal debt rise by $1.4 trillion?

    The amount of the federal debt rose is $812 billion more than the claimed $588 billion deficit and the federal debt increased by more than $1.4 trillion in Fiscal 2016 which ended on September 30, 2016.

    • df NJ

      Time to raise taxes on the CEOs.

      • socalbeachdude

        And what good would that do? Moreover, individuals cannot be targeted for taxes due to their job title and federal income taxes are based on 1) the amount of income, and 2) how that income is derived with long term capital gains being taxed at a much lower rate than ordinary income.

  • socalbeachdude

    America is a CATASTROPHIC DISASTER in many respects, particularly financially as it has over $64 trillion of outstanding debt across all sectors including $19.5 trillion at the federal government.

    Obama Racks Up A $1.4 Trillion Debt Increase

    The United States government closed out the 2016 fiscal year that ended a few days ago on Friday September 30th with a debt level of $19,573,444,713,936.79.

    That’s an increase of $1,422,827,047,452.46 over last year’s fiscal year close.

    Incredible. By the way, that debt growth amounts to roughly 7.5% of the entire US economy.

    http://www.globalresearch.ca/its-official-us-government-ends-fiscal-year-with-1-4-trillion-debt-increase/5549300

    Donald Trump will be very good for the US economy once he is elected and will work to reduce government regulations and costs on businesses.

    • FYI on Trump and Hilary. Jul 7, 2016 The Close Relationship Between Donald Trump and the Clintons

      Donald Trump and Hillary Clinton act as if they are arch enemies. But is it all just politics?

      https://youtu.be/gJGnFDnbmhU

      • socalbeachdude

        There is no “close relationship” at all between Donald Trump and the Clintons.

        • You apparently did not listen to Donald himself in this video. I dare you!

          • socalbeachdude

            The Trumps and Clintons are now ENEMIES of each other and Hellery is on her way to the BIG HOUSE once Donald is elected and Hellery is indicted, convicted, and sentenced to a very long term.

    • df NJ

      Doesn’t Congress and not Obama decide spending?

      • socalbeachdude

        Yes, but the President proposes spending budgets and must sign all Congressional spending authorizations into law – or veto them.

  • Robert

    Most bankruptcies are due to medical costs. Those on this sight who criticize people with debt problems need to consider that not all debt is due to profligate spending. Perhaps you will be told one day that you have a deadly cancer and btw your insurance does not cover everything. Some families have a child with severe disabilities which drain their bank accounts. The arrogance I see here is nauseating. In my many decades I have learned that a major fall does usually occur with the arrogant and those full of themselves.

    More boring are the comments by Amateur theologians who waste space passing along their anti-Christian views that are as old as scripture itself and which have been debunked over and over. Boring and tiresome.

    I think we are going to see a LOT of debt repudiation. I am all for that. The country will not collapse but we will see a restructure of how banking and finance will be conducted. Perhaps the vast numbers of Americans will just say enough and tell their credit card company to go to hell. Come get the TV.

    • df NJ

      Not as boring as endless quotes of meaningless scripture that have more to do with goat herding than anything with the modern world.

      • Bill G Wilminton NC

        My Father Was A WW2 Marine….He Survived The Pacific Beach Invasions Of Iwo Jima, Saipan, Tarawa, New Guineau, and Guadal Canal. A Beach Invasion Is When A Small Craft With 20 Men Heads Towards The Beach ( thousands of men hundreds of these craft) The Front Of The Craft Drops Down And All The Men Move Out Into The Water With 75 pd Backpacks And Their Carbine Held Up Over Their Heads. The Men Try To Make It To The Beach, Under Heavy Machine Gun Fire Many Men Die Right In The Water Never Making The Beach…..On The Beach ( if the marine made it ) Many More Marines Died…….My Father Said ” There Were No ATHEISTS On The Beach”

    • socalbeachdude

      This is a SITE, not a “sight.” Where do you come up with the false notion that “most bankruptcies are due to medical costs?” That is not the case at all. Medical bills can SIMPLY BE IGNORED and hospitals stand little chance of collecting on them. Other bills such as mortgages cannot be ignored or foreclosure and losing one’s house will be the consequence of doing that.

  • DeenaLarsen

    No. A LOT of this is medical debt or debt that is in dispute.

    • df NJ

      Hospitals should be non-profit like there were in the 50s and 60s.

      • socalbeachdude

        Yes. Back then 90% of hospitals with non-profits with charitable operations, and now 90% of all hospitals are for profit corporations with no charitable operations.

        • df NJ

          Corruption.

          • socalbeachdude

            Yes, and that needs to be stringently regulated to reverse that situation.

    • socalbeachdude

      Where do you come up with that notion, Deena?

  • J B

    Must have latest iphone or everybody will think I’m a loser.
    Must have latest fashion or everybody will think I’m out of time.

  • ONLYJB1

    I believe it to be more than 35%. What has happened to the middle class of America? Take a look around. More people need jobs than there are jobs available and the jobs out there don’t pay a living wage today. 35% of Americans are knocking on the poor house door. They are teetering on the verge of destruction. Does this not want to make you cry?

    • df NJ

      The problems with this country are not rocket science. The lobbyists force the politicians to pass laws creating cartels and monopolies in exchange for campaign financing. It doesn’t matter how much money you pay in taxes. What does matter is the purchasing power of your take home pay. Today’s mega-corporations are like the company store. It doesn’t matter what they pay you in wages because the company store charges just enough to suck up everything you make. We have no competition for the mega-corporations. Say you want to start a hardware store. Do you really think you can compete with Home Depot or Walmart?

      • socalbeachdude

        Nope. The Congress folks DO EXACTLY WHAT THE VAST MAJORITY OF THE AMERICAN PEOPLE DEMAND which is to vastly overspend by running up huge deficits and the federal debt while not sending a bill out to the American people to pay for such vastly excessive spending. Please name the last time that a candidate won for Congressional office on a platform to significantly cut federal spending! That’s the real problem.

        • df NJ

          Just raise taxes.

          I don’t see Republicans advocating closing some of the 700+ foreign military bases we have all over the world. You bring those troops home and our economy will get a huge jump-start.

          • socalbeachdude

            And just whom do you expect to pay the higher taxes you propose? Currently the top 20% of income earners in the US already pay more than 80% of all federal income taxes while the bottom 50% pay absolutely zero in federal income taxes.

            The total amount of military spending in the federal budget is only 20% of the budget and 16% of that is for military and the other 4% is for Veteran’s Benefits.

            If military bases abroad were closed and troops brought back to the USA, just who would hire any of them?

          • df NJ

            They can pay the same rates they paid under Bill Clinton. No big deal.

          • socalbeachdude

            Or they could pay the 90% federal income tax rates that were applicable from the mid 1940s plus the 13.2% state tax for those who live here in California for a total effective income tax rate of 103.2% of their annual incomes!!!

            By the way, much of CEO income derives from stock options which deliver LONG TERM CAPITAL GAINS which is not taxable as ordinary income.

    • socalbeachdude

      No. They did it to themselves by pricing themselves out of the global labor market. USA wages are FAR TOO HIGH compared to labor elsewhere particularly in places like China, Vietnam, Mexico, etc. and manufacturers get far higher labor quality in those countries than in the USA.

      • ONLYJB1

        Who is “They”?

        • socalbeachdude

          The “they” is obviously the people in the so-called “middle class.”

          • ONLYJB1

            Dude, you have it all wrong. The middle class are innocent! Go to home depot and purchase a nice ceiling fan. The cost for the fan is $189.00 + tax. Do you realize that the cost of that fan to home depot is roughly $49.95 cost paid to China. Dude, UNIONS did this! Slick willey’s NAFTA did this! The progressive socialist working towards NWO did this. They realize the middle class American has to be eliminated to bring about the CHANGE! Wake up to the truth!

          • socalbeachdude

            Nope. That same “nice ceiling fan” at Home Depot available for $189.00 would like cost north of $600.00 if it were produced here in the USA at union labor rates. Markups on retail goods are typically 100% to 300% of the wholesale cost of the item as that is simply how the retail industry operates.

          • ONLYJB1

            O good. You realize the problem. Union labor, NAFTA and all other stupid foreign trade deals that have been agreed to. Take a drive through the “Rust Belt”! It will bring a tear to your eye!

      • mtntrek3

        Take our wage scale down to levels of China, Vietnam, Mexico? That’ll solve our problems? ? That’ll make us just like them in short order. AND….. it’s in the works BTW. It’s good business to go for the lowest labor cost until your customers can’t afford your product. Then……. you’re cutting your own throat.

        • socalbeachdude

          Well, globalism has opened the doors to FULL LABOR COMPETITION and at the current prices being charged by American workers that is why they are being fired and replaced with manufacturing abroad and nothing will change that except for TRADE TARIFFS and REGULATIONS that deal with those issues head on.

          I don’t know where you think money would come from to “pay a living wage” as a must at all as that notion would simply raise the price of goods in the US very significantly and lower the US standard of living accordingly.

  • Willard Ferch

    The economic future, if there is a future, belongs to China. We had a nation blessed by the Lord, but since we are no longer a Christian nation, according to our king O,, our blessings have been removed. Only a hubristic, absolutely corrupt hierarchy such as our government has become, plus the delusional Liberals and atheists, don’t understand this. Fiddlin

    • socalbeachdude

      Laughably false. China is a MASSIVE INSOLVENT DEBT WRECKAGE and its debt has increased by 465% over the past 10 years while China has created more than $30 trillion in bogus new renminbi (RMB / yuan) all on the back of the US dollar as the renminbi is pegged to the US dollar for value. By contrast, the money supply in the US only increased by about 50% from around $8 trillion to presently around $12 trillion, and the US economy is about double the size of the Chinese economy.

      China is the epicenter of the current and coming global financial crash as its money and economy are more bogus than a $3 Euro and all of that rapid “growth” was created with massive money printing that is absolutely unprecedented in the history of the world and massively unbridled debt which has rising by 465% over the past decade creating enormous bubbles in commodities, stocks, bonds, real estate, and the enormous shadow banking industry in China.

    • socalbeachdude

      China’s richest man warns of ‘the biggest bubble in history’

      Chinese billionaire Wang Jianlin, whose vast property and entertainment empire reportedly brought in $44 billion in revenue last year, appeared on CNN Wednesday to warn about what lies ahead for the country’s overheated real-estate market.

      Wang Jianlin: It’s the biggest bubble in history… I don’t see a good solution to this problem. The government has come up with all sorts of measures — limiting purchase or credit — but none have worked.

      Jianlin pointed to the troubling fact that real estate prices just keep rising in the major cities, like Shanghai and Beijing, while falling across the rest of the country, where smaller cities are littered by properties that lie vacant.

      http://www.marketwatch.com/story/chinas-richest-man-warns-of-the-biggest-bubble-in-history-2016-09-28

      • Willard Ferch

        That is no doubt correct. The article I read, and I read so much I can”t remember where, told of how China is setting itself up for the future. They’re lining up raw material access, some of which we’re short of, such as “rare earth” (whatever that is) and other things. They plan for far into the future while we try to push Russia into a war that may eliminate the future. Thanks for the info. Fiddlin

  • Barefoot in MN

    Not all of us are putting “luxeries” on the credit cards! it’s a simple fact that the middle class is being eliminated. And it’s happening FAST — for example, you could start college 4 years ago, and in that time the economy has plunged so far down, so badly, so fast, that now you are graduating there are no jobs in your field…. but you need to pay first and last month’s rent plus a deposit on your apartment so you can work somewhere. So you turn to the parents… or a credit card.. or the parents use THEIR credit card…. medical expenses, car repairs, these are not luxuries, they are necessities. My cell phone is 8 years old and is not a smart phone; my car is 24 years old; I am self-employed, an expert in my field, but the demand for my skills is vanishing. And yes I put things in the credit card. Gas to get to a customer’s location, repairing a flat tire, that sort of thing. I am careful, I don’t splurge on things, but it’s not easy. Don’t ASSume that all people struggling with credit card debt are lazy self-indulgent oafs.

    • JC Teecher

      Agreed, but if the stats were available, most of those overburdened by CC debt, have “not” made a change to “lower” their standard of living either. By that, I mean; able to live more simple, and without many excesses of the world.

      The whole idea of keeping up with the “Jones”, and not being viewed as a failure, has actually led to ultimate failure, in most cases.

      Houses that are too big, vehicles that are too new, and toys (grown up toys), that are not a necessity, are actually things that keep people in bondage, even beyond the financial bondage, they become a bondservant to the world/worldly, of which Satan rules over.

      A person, in most cases, that is focused all the time on their debt and holding on to their “stuff”, is usually a picture of someone that has lost focus on their Saviour and Creator.

      • Kountry Bumpkin

        Oh, I can’t get rid of my grown up toys but I did pay cash for them and they only require something when I pull the trigger. 🙂

        • JC Teecher

          Yep, but even though we can have what may seem as “too” many, and they begin to look like big boy toys, those are not actually toys because they fit into a classification of either security/safety tools, or investments.

          They will be worth their weight in gold/silver, when the NWO/liberal agenda becomes full on reality, and those items become almost impossible to find at the usual Hunting Stores.

    • Kountry Bumpkin

      I can tell you how to plug your own flat tire if it’s something like a nail hole, it’s real easy, if it’s split you’ll need a patch and/or eventually a new or used tire.

  • mtntrek3

    Some live beyond their means credit wise because of greed……… some live by credit because they’re trying to survive. More the latter all the time. We can’t continue much longer on retail and service sector jobs as a majority of the employment. Simple. Can’t do business with people with little to no money.

  • Mondobeyondo

    “A splendid time is guaranteed for all” – Beatles, 1967

  • mtntrek3

    My heart goes out to the younger and middle generations that are working on paying off certain things that mostly have to be done on credit. Homes, property and vehicles for example. When it hits…… . Life isn’t fair.

  • Mondobeyondo

    “More, more, more…
    How do you like it, how do you like it…”
    – Andrea Love Connection, 1976
    ————-
    And that in a nutshell defines America’s debt binge. Always wanting more. Never satisfied. George Carlin once said, “A house is a place where you put your stuff while you go out to get more stuff”. He was right.

    • mtntrek3

      You know, five years ago I was looking to get my trek mountain bike repaired (back when I was still cycling). At the cycle shop, the owner was trying to get me to go for a new model and let my 10 year old bike go. I said I couldn’t do it unless I put it on a card. He said, “Well…… debt is the American way”. I said ” It’s not this American’s way”….. and left the shop. We have to learn to say no at times. I still have my mountain trek bike. I repaired it as able and rode it until my knee/hip joints started saying no to it. Some things are not necessary. We need to learn to say no to some things. You’re right about much of our debt. Can’t get enough. Take care.

    • socalbeachdude

      This is not an American phenomenon, but rather a GLOBAL ISSUE where total global debt now exceeds $200 trillion with $64 trillion of that spread across all sectors in the US. The most egregious debtor in the world is the PEOPLE’S REPUBLIC OF CHINA where debt has exploded by 465% over the past 10 years while China has printed more than $30 trillion in renminbi (RMB / yuan) expanding their money supply exponentially from less than $3 trillion 10 years ago to now more than $33 trillion. Japan is the second most egregious debt and money printer in the world and its national debt is now around 250% of its GDP compared to the US federal debt being around 107% of US GDP.

  • Thomas D Guastavino

    The government and especially the Democrats desperately need to have the middle class in debt so that they have to continually work themselves to death so the government can get its “cut” and use the money to buy the loyalty of the poor. They then lie to the middle class that they can shift the tax burden to the “rich”, knowing full well that they can’t. Just like the 2008 crisis was triggered by homeowners default, this one will be triggered by middle class exhaustion.

    • df NJ

      The Republicans are the ones who own the banks not the Democrats. Up is down. Down is up. Oh wait, you are a Republican.

      • Thomas D Guastavino

        What part of the “government” did you not understand? Or perhaps you missed the little tidbit of news about Hillary Clintons speeches to the banks ?It is the democrats whose constant mantra is “vote for me and I will give you more free stuff and take it from these evil people here”

      • socalbeachdude

        Absolutely false. The major banks are the LARGEST CONTRIBUTORS TO DEMOCRATS and that has been the case for a very long time.

  • Jack Frost

    Restraint is the key aspect of successfully wielding credit in any manner. If you can make purchases and pay them off monthly, then the credit is an asset and convenience. When you use it to extend your purchasing power beyond your normal wages, it is servitude and bondage. It is always amazing to see people overwhelmed by debt who still have convenience “utilities” like cable, internet, cellphones, etc. People lived without those items previously. But you can get internet at libraries, wifi at retail locations, and there is not only free TV but it is in HD now. The telephone company still offers wired phones, but bare minimum phones are an option where you buy airtime in chunks to save money. Credit cards only facilitate the desire to live beyond one’s means!

    • GSOB

      To be successful in this bankers world, you have to build up your credit score, which implies proven success in debt management.

      Play the game.

  • Peter Rhoades

    How to get out of debt? Just stop paying the crooks! They print money by factional reserve banking so its no problem to suck it up when people default on their debt obligations. When I awoke to the own “system is rigged” back in ’09 when I let my house go and had a 87K line of equity owed and 55k in credit card debt, I just said “screw you banksters” and presto! No more debt. I just stopped paying. Man, the weight was lifted off my shoulders. But of course it took a few years for my credit score to come back up but I could care less since I never want to be a slave to those evil bankers again.

    • socalbeachdude

      There is not such thing as you assert with “factional [sic] (fractional) reserve banking” creating any money. All the Federal Reserve RESERVE REQUIREMENTS do is to stipulate that banks must typically retain a 10% reserve in cash on all deposits which means that they can never lend out more than 90% of the amount of aggregate customer deposits. Due to the current extremely low demand for loans by qualified borrowers, the current ratio of lending by banks to customer deposits is a RECORD LOW 67% and the banks have the highest amount of EXCESS RESERVES INSIDE THE FEDERAL RESERVE in the history of banking which now amounts to more than $2.5 trillion in excess reserves.

      • df NJ

        The Federal Reserve is not harmless like you are suggesting. It has a huge cost to citizenry.

        • socalbeachdude

          The Federal Reserve not only does not cost US taxpayers a single penny but is the single largest entity contributor each year to the US Treasury as it rebates more than 94% of all of its annual profits to the US Treasury which now amounts to nearly $100 billion a year of income to the US Treasury and that has always been the practice of the Federal Reserve for the entire past 103 years.

          • df NJ

            You have no idea what you are talking about. It costs the US citizen huge amounts of purchasing power of their take home pay through inflation.

          • socalbeachdude

            Absolutely false. We currently have DEFLATION as the biggest issue, and not inflation at all. Commodities prices have experienced HUGE PLUNGES for the past 5 years since 2011 and purchasing power with the US dollar has SOARED UPWARDS as a result of that over the past 5 years.

            The US dollar is now over 98 on the DXY and is the most important currency in the world by far with no challenger at all in the foreseeable future. It will soon cross 100 on the DXY and may soar all the way up to as high as 164 where it was in 1985.

  • JC Teecher

    Looking at this article is like seeing a nightmare coming to reality, and then you see nothing around you but quicksand. One upset of that “income apple cart”, by which those surrounded by the quicksand debt burden, whereby they can no longer keep up with the interest, let alone, the actual principal; and you got a recipe for financial bankruptcy.

    Actually; the bankruptcy laws, are the only “out” many have when they have lived on credit, especially high interest CC debt, for way to long.
    It used to be a simple solution, that kept people from making the same mistakes, over and over. Not so much anymore.

    Even though Bankruptcy Filing, and Court proceedings, used to be a simple matter, that cost about a thousand bucks; it has gotten way more expensive and lengthy. Now, from all I have heard, it can cost as much as $3000.00 for personal bankruptcy.
    Business bankruptcy is usually handled by lawyers, and accountants, for the most part. So the costs is just the headache part.

    So, many millions of debt ridden folks usually have bankruptcy in the back of their mind as they continually, “whip out the plastic”.
    Easily one can rack up $30k in credit card debt if they started out with a little stability (five to ten years in real estate debt, at the same general location, with on time paying history). Lenders that see ability to pay, will keep sending out new, pre-approved, plastic offers, and those that see it as a positive….get sucked into the swamp of quicksand.

    When the mountain of over the limit fees, late fees, and collection fees, start piling up; they look to the yellow pages or internet for the most available Bankruptcy attorney.
    In most of people’s minds, they think they can take on a second part-time job and close the gap of rising interest debt, and fees, back to a steady pay down of their original principal. In this economy, it rarely ever works out that way, and bankruptcy is the only feasible way to keep most of their stuff.

    Usually, after six months, the offers continue coming from the banksters again, and without real restraint, the cycle begins again, until the seven year reset, for filing again.

    I can see a possibility of a sure fire way to bankrupt people’s lives, and that is for the gov, to put heavy restrictions, or even stop, personal bankruptcy.

    I can’t see tptb ever stopping business bankruptcy, because too many of the elite and wealthy, already use it like a customary practice for doing business, and ripping off the tax payers.

    • apzzyk

      Bankruptcy is a right under the Constitution because too many indentured servants came to the US to avoid the Debtor’s Prisons. There should be a Federal Usuary law since the banks got SD to eliminate its; there should also be a regulation on the maximum interest rate that can be charged, based on the cost of fund – the Fed’s Overnight Rate. The use or misuse of the FICA score should be eliminated and each bank and each portfolio should have its own, just because a person pays the mortgage on time does not mean that they will pay the Best Buy card the same way. When a lender offers a 0 or below normal interest rate to a person, instead of using this rate to see if a person qualifies, it should be the interest rate that will be charged with the full interest rate. For the sake of competition, the too big to fail banks should be broken up. There is a revolving door there where a person starts at bank A, and the only way to get a good raise or promotion is to go to Bank B, then Bank C – so the same ideas are essentially shared by all of the banks so that if one idea fails they all fail – it is like being attacked by a virus on your computer.
      Also, by law or regulation, the banks should be forbidden to loan money to anyone who is over 50% debt budened – only 50%, including mortgages and car loans, can be committed to making payments.
      All of these will go over like farts in a space suit from the banks, so don’t expect anything soon.
      I am a former Credit Policy Analyst from Cit, and I got canned for making the same suggestions.

      • df NJ

        Institutionalized corruption.

      • JC Teecher

        Got a minor in Banking & Finance, and after five years of the brown nosing that is required to advance in that industry, I soon realized I had made a mistake, for my personal sanity, towards a career in banking.

        You have some good points, albeit, common sense is not a forte’ of the Rothschilds and all their lower spawn of evil.

      • socalbeachdude

        Bankruptcy has nothing whatsoever to do with the US Constitution, but is provided as a means of debt discharge by the FEDERAL BANKRUPTCY CODE which is the set of laws governing bankruptcy and the various Chapters which apply to particular parties.

        As to USURY LAWS, I agree that fixed cap amounts should be put in place on interest charged, but that should not have any relationship at all to the Federal Funds Rate or the Federal Discount Rate which are RISK FREE BORROWING BY THE BANKS on either an interbank basis or directly from the Federal Reserve for liquidity purposes for very short terms (typically overnight) on a FULLY COLLATERALIZED BASIS.

        Credit card borrowing is UNSECURED DEBT which is not in any way collateralized and has a vastly higher risk of default and therefore a much higher amount of interest charged on it.

        There are 3 components to interest rates.

        Interest rates are comprised of:

        1) real rate (typically around 3% historically)

        2) inflation adjustment (now correctly at zero)

        3) risk of default (now rising astronomically)

        The risk of DEFAULT is higher than ever and will continue to rise.

        • df NJ

          Nobody but yourself will up-vote your posts. What a loser.

          • socalbeachdude

            I’d suggest you focus on SUBSTANCE and start learning about the actual issues.

  • df NJ

    The Federal Reserve which a private corporation having nothing to do with the federal government creates an unlimited supply of fiat money with interest. Our country will never be able to pay off the debt. It’s just impossible. The system rigged. It is designed to have debt that is never paid off. What are you going to do? Spit at the wind?

    • socalbeachdude

      False. The Federal Reserve is a quasi public/private organization that was CREATED BY CONGRESS and is controlled by Congress. The Federal Reserve has always REBATED 94% OF ITS PROFITS each year to the US Congress and that now amounts to nearly $100 billion a year making the Federal Reserve the largest single entity contributor to US Treasury revenues.

      The Federal Reserve does not cost US taxpayers a single penny to operate nor it is in any way responsible for any of the federal debt RUN UP BY CONGRESS AND THE WHITE HOUSE which now amounts to more than $19.5 trillion as a result of reckless and profligate spending by those entities.

      The Federal Reserve does not run up any debt at all and has no debt due anyone, but rather owns and holds about $2.5 trillion (13%) of the outstanding federal debt. That debt is owed to the Federal Reserve and is essentially INTEREST FREE to the US Treasury since the Federal Reserve rebates nearly all of its annual profit to the US Treasury.

      • df NJ

        Wow. You could not be MORE wrong.

        I like how our profile is private. What do you have to hide? I guess you can’t deal with it. I wanted to understand your politics. I’ve never seen anyone defend the Federal Reserve before.

        • socalbeachdude

          What I stated is, of course, 100% true, accurate, and correct.

          With what particular statement do you in any way disagree?

          • df NJ

            You are wrong. You statements are true on the surface. But they do not reflect the actual reality. You are some kind of pro-Federal Reserve bozo. Fiat money with interest will guarantee the country will never get out of debt. If you do not understand then you have to study currency theory. You just do not know what you are talking about.

            Yes, the Federal Reserve is not a government program like Medicare. But it cost the American citizen EVERYTHING in inflation!

          • socalbeachdude

            All of my statements are not only “true on the surface” but 100% factually correct and do reflect actual reality.

            The Federal Reserve does not charge interest to the US Treasury other than the interest it receives on US Treasuries owned by the Federal Reserve and then it rebates 94% of its total annual profits to the US Treasury making those $2.5 trillion or so of US Treasuries owned by the Federal Reserve entirely INTEREST FREE.

            The Federal Reserve does not cost US taxpayers or the US Treasury a single penny and contributes nearly $100 billion a year to the US Treasury which significantly helps offset the federal deficit each and every year.

  • socalbeachdude
  • socalbeachdude

    Grocery prices are plunging – Bloomberg

    Call it the Great Grocery-Store Giveaway of 2016.

    In Austin, Texas, Randalls slashed prices for boneless beef ribs by 40 percent, to $3.99 a pound. Not to be outdone, the H-E-B grocer down the street charged $1 a pound less. Not long ago, Albertsons advertised a deal you don’t normally see on your finer cuts of meat: “buy 1 get 1 free” specials on “USDA Choice Petite Sirloin Steak.”

    And what does $1 buy these days? In North Bergen, New Jersey, you could pick up a dozen eggs at Wal-Mart. OK, the price was actually $1.14. A mile away, check out Aldi, the German supermarket discounter, which can actually break the buck — 12 eggs for 99 cents. A year ago, you would have paid, on average, three times that price.

    In a startling development, almost unheard of outside a recession, food prices have fallen for nine straight months in the U.S. It’s the longest streak of food deflation since 1960 — with the exception of 2009, when the financial crisis was winding down. Analysts credit low oil and grain prices, as well as cutthroat competition from discounters. Consumers are winning out; grocery chains, not so much. Their margins and, in some cases, their stock prices, are taking a hit.

    Eggs and beef have have grown especially inexpensive, and it isn’t only an American phenomenon.

    http://www.bloomberg.com/news/articles/2016-09-27/eight-cent-eggs-consumers-gobble-cheap-food-as-grocers-squirm

    • df NJ

      After prices our doubled or more I guess they are starting to feel guilty. Or they’ve priced themselves so high people have stopped buying at their stores.

      • socalbeachdude

        DEMAND IS FALLING OFF at the higher prices and in order to sell the goods, the prices are being lowered. Simple ECONOMICS 101 with a focus on SUPPLY AND DEMAND.

  • socalbeachdude

    The medical industry stands about ZERO CHANCE OF COLLECTING ANYTHING if folks simply refuse to pay and throw their bills in the circular file on the floor.

  • socalbeachdude

    US TREASURY SAYS $588 BILLION DEFICIT BUT DEBT SOARS BY $1.4 TRILLION…

    U.S. Deficit Up for First Time Since 2009 on Spending Surge

    The U.S. budget deficit as a share of the economy widened for the first time in seven years, marking a turning point in the nation’s fiscal outlook as an aging population boosts government spending and debt.

    Spending exceeded revenue by $587.4 billion in the 12 months to Sept. 30, compared with a $439.1 billion deficit in fiscal 2015, the Treasury Department said Friday in a report released in Washington. That was in line with a Congressional Budget Office estimate on Oct. 7 for a shortfall of $588 billion. As a share of gross domestic product, the shortfall rose to 3.2 percent from 2.5 percent a year earlier, the first such increase since 2009, government figures show.

    The Treasury said receipts in fiscal 2016 totaled $3.27 trillion, or 17.8 percent of GDP, while spending totaled $3.85 trillion, or 20.9 percent of GDP. Receipts rose $18 billion from fiscal 2015, while outlays jumped $166 billion, the figures showed. The department cited higher spending on Social Security, Medicare, Medicaid and interest on government debt.

    http://www.bloomberg.com/news/articles/2016-10-14/u-s-deficit-widens-for-first-time-since-2009-on-spending-surge

    So, then, why exactly did the federal debt rise by $1.4 trillion?

    The amount of the federal debt rose is $812 billion more than the claimed $588 billion deficit and the federal debt increased by more than $1.4 trillion in Fiscal 2016 which ended on September 30, 2016.

    • df NJ

      Just raise taxes on the CEO. Close some of the 700+ foreign military bases. America FIRST!!!

      • socalbeachdude

        That wouldn’t even make the slightest bit of a dent in the current $1.4 trillion annual deficit where nearly the entire problem is the massive scope of SOCIAL WELFARE AND MEDICAL spending which accounts for 63% of the federal budget.

        A summary of the fiscal 2015 US federal government expenditures totaling nearly $4 trillion is as follows:

        WELFARE & MEDICAL (63%)
        33% Social Security, Unemployment, Labor
        27% Medicare & Health
        ..3% Housing & Community

        MILITARY (20%)
        16% Military
        ..4% Veterans Benefits

        INTEREST ON DEBT (6%)
        ..6% Interest on Debt

        FOOD & TRANSPORTATION (6%)
        ..3% Food & Agriculture
        ..3% Transportation

        EDUCATION & SCIENCE (3%)
        ..2% Education
        ..1% Science

        ENERGY, ENVIRONMENT, & INTERNATIONAL (2%)
        ..1% International Affair
        ..1% Energy & Environment

        OTHER EXPENSES (1%)
        ..1% Government Expenses (general)

        The complete breakdown of Fiscal 2015 expenditures is extensively detailed including actual numbers as well as pie-charts with various percentage breakdowns as to discretionary and non-discretionary expenditures at:

        https://www.nationalpriorities.org/budget-basics/federal-budget-101/spending/

        • df NJ

          Not true.

          • socalbeachdude

            False. Those numbers are absolutely correct for Fiscal 2015.

  • df NJ

    The American people just love slavery. It’s never going to end:

    “During the Civil War (1861-1865), President Lincoln needed money to finance the War from the North. The Bankers were going to charge him 24% to 36% interest. Lincoln was horrified and went away greatly distressed, for he was a man of principle and would not think of plunging his beloved country into a debt that the country would find impossible to pay back.

    Eventually President Lincoln was advised to get Congress to pass a law authorizing the printing of full legal tender Treasury notes to pay for the War effort. Lincoln recognized the great benefits of this issue. At one point he wrote:

    “(we) gave the people of this Republic the greatest blessing they have ever had – their own paper money to pay their own debts…”

    The Treasury notes were printed with green ink on the back, so the people called them “Greenbacks”.

    Lincoln printed 400 million dollars worth of Greenbacks (the exact amount being $449,338,902), money that he delegated to be created, a debt-free and interest-free money to finance the War. It served as legal tender for all debts, public and private. He printed it, paid it to the soldiers, to the U.S. Civil Service employees, and bought supplies for war.

    Shortly after that happened, The London Times printed the following: “If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and the wealth of all coun­tries will go to North America. That govern­ment must be destroyed, or it will destroy every monarchy on the globe.

    The Bankers obviously understood. The only thing, I repeat, the only thing that is a threat to their power is sovereign govern­ment’s printing interest-free and debt-free paper money. They know it would break the power of the international Bankers.

    “Give me control of a nations money supply, and I care not who makes it’s laws”. Mater Amschel Rothschild

    • socalbeachdude

      That reckless action by Lincoln caused a CRASH in the value of the US currency.

  • df NJ
    • socalbeachdude

      The Federal Reserve generates almost $100 billion each year for the US Treasury as it rebates 94% of its annual profits to the US Treasury and has done so for its entire existence over the past 103 years.

      The Federal Reserve was created by Congress and is controlled by Congress through the Federal Reserve Act and I would suggest you read and attempt to comprehend all 36 sections of the Federal Reserve Act at:

      http://www.federalreserve.gov/aboutthefed/fract.htm

  • df NJ

    Wealth Inequality in America, what is really wrong with this country:

    • socalbeachdude

      It is what it is. What will burst that is the collapse of the US equities (stock) markets and increases in interest rates due to RISK which will dramatically lower bond prices which are inverse to yields as well as significant falls in the real estate markets as nearly all of the wealth of the top folks in the US is in bonds, stocks, and RE.

      That will, of course, also significantly lower federal income tax revenues dramatically increasing the federal debt unless spending is dramatically cut!

  • df NJ

    Wealth inequality in America, what is really wrong with this country:

    https://www.youtube.com/watch?v=QPKKQnijnsM

    People just don’t know how bad it really is. If you think it’s bad, it’s actually 1000 times worse than anything you could ever imagine! It’s actually too painful to watch.

    • socalbeachdude

      So what? What would you like to do about that?

      • df NJ

        It’s important because it destroys our culture. And culture is what makes living interesting and fun. So the net result of all our poverty is less culture for everyone to enjoy. I guess living in poverty is okay. You could have more happiness playing cards with a group of friends than anything that will ever be achieved in Washington. However, the depths of human suffering caused by wealth inequality may be a moral issue if having morals is something you value.

        • socalbeachdude

          Cultures always evolve and America is a huge MELTING POT OF CULTURES and will continue evolving.

          As to “wealth inequality” it has always been that way throughout the history of the world and most all of the world’s 7+ billion people will always remain very poor and that’s just the way the world works.

  • df NJ

    Absolutely the best video on why we are in so much debt. Just as true as it was in 1996 when it was created:

    https://www.youtube.com/watch?v=B4wU9ZnAKAw

    • socalbeachdude

      You don’t need a video to explain why the US and other countries are in so much debt. The answer is PROFLIGATE IRRESPONSIBLE BORROWING AND SPENDING and the cure is to cut spending. Simply as that.

      • df NJ

        You have no idea what you are talking about. And stop up-voting your own lame posts.

        • socalbeachdude

          Absolutely false, and laughably so!

          • df NJ

            You are up-voting your own posts. I can see it.

          • socalbeachdude

            So what?

          • df NJ

            Lame.

            Fiat money is bad. It’s quicksand and you know it. You only reason you defend it is because either you benefit from the way things are. Or you have no idea where money comes from. Either way, watch the video.

            Spending is not the problem. Government corruption is the problem. But if you want to stop spending, start with closing the 700+ foreign military bases before cutting welfare.

          • socalbeachdude

            Laughably false. The world operates on DIGITAL CURRENCY and there is no reversing that at all and digital money is by far the best form of money ever devised and is what runs the world today.

            Spending is VERY MUCH THE PROBLEM and the biggest issue with US government spending is that around 63% is being spent each year on SOCIAL WELFARE AND MEDICAL EXPENSES and that amount will continue to rise dramatically.

            There is very little in the way of federal spending that is “corruption” or “waste” and that is a totally bogus argument. Military spending including Veterans benefits amounts to only about 20% of total annual federal government spending.

            Only 20% of the US government annual spending is for total military spending with 16% for actual military spending and 4% for Veterans Benefits.

            The biggest part of the spending is SOCIAL PROGRAMS including the Social Security and Medicare insurance programs which are NOT ACTUARILY SOUND and which are paying out vastly more than they have taken in with payroll taxes.

            A summary of the fiscal 2015 US federal government expenditures totaling nearly $4 trillion is as follows:

            WELFARE & MEDICAL (63%)
            33% Social Security, Unemployment, Labor
            27% Medicare & Health
            ..3% Housing & Community

            MILITARY (20%)
            16% Military
            ..4% Veterans Benefits

            INTEREST ON DEBT (6%)
            ..6% Interest on Debt

            FOOD & TRANSPORTATION (6%)
            ..3% Food & Agriculture
            ..3% Transportation

            EDUCATION & SCIENCE (3%)
            ..2% Education
            ..1% Science

            ENERGY, ENVIRONMENT, & INTERNATIONAL (2%)
            ..1% International Affair
            ..1% Energy & Environment

            OTHER EXPENSES (1%)
            ..1% Government Expenses (general)

            The complete breakdown of Fiscal 2015 expenditures is extensively detailed including actual numbers as well as pie-charts with various percentage breakdowns as to discretionary and non-discretionary expenditures at:

            https://www.nationalpriorities.org/budget-basics/federal-budget-101/spending/

          • df NJ

            Opinions cannot be false. You are an idiot.

          • socalbeachdude

            What I have stated are the accurate facts, but you appear to have issues with facts.

          • df NJ

            Social security should not be in that list. It’s will be paid back by US Treasuries.

            Healthcare is a cartel and monopoly full of corruption. They charge more than the Pentagon charges for hammers and toilet seats back in the 80s. But nobody ever goes to prison. The for-profit Hospitals perform multiple tests for no reason just to drive the bills up. The problem is not spending. The problem is corruption. That is just one example.

            But you are some kind cut everything let people die kind of person. I’m just not an a hole like you. I think we can do better with BIGGER government and more taxes. We just need to fight corruption better. But you want to get rid of government altogether because why? It’s hard to fight corruption?

          • socalbeachdude

            The Social Security and Medicare Trust Funds only have about $5 trillion in total accumulated US Treasuries that they own (they are required by law to invest only in US Treasuries) and THAT MONEY HAS ALREADY BEEN TOTALLY SPENT BY THE US GOVERNMENT leaving nothing behind but US Treasuries (bills, bonds, notes, and TIPS) that MUST BE FUNDED OUT OF CURRENT US GOVERNMENT TAX REVENUES as there is no other source of funding. Are you not aware of that?

            As to the size of the US government, obviously we need MUCH SMALL GOVERNMENT in line with the intent of the founders and the last thing in the world we need is ever larger government and higher taxes to fund ever increasing profligate and absurd federal spending.

  • df NJ

    _Is having the Chinese Yuan pegged to the dollar 6 to 1 a good thing or a bad thing?

    • socalbeachdude

      The peg of the renminbi (RMB / yuan) is a FLOATING PEG with minimal float and renminbi is expected to CRASH AGAINST THE US DOLLAR to over 8 renminbi per US dollar by the end of 2018. If the peg to the renminbi were to be totally removed by China now the renminbi would TOTALLY CRASH AGAINST THE US DOLLAR creating vast economic crisis inside China and globally as nearly all of its value is derived and held based on its minimal float peg to the US dollar.

      As the renminbi slides in value – or crashes – that would make Chinese goods and manufacturing FAR CHEAPER IN US DOLLARS and would greatly increase trade issues and tensions between China and the world.

      China, now for duration of Obama presidency, escapes being named currency manipulator

      China has managed to escape getting called a currency manipulator for the entire eight years of Barack Obama’s presidency.

      The U.S. on Friday again declined to name any country a manipulator of its currency. The Treasury is required by Congress to identify whether any nation is manipulating currency twice a year, and it announced no major trading partner fell into that category.

      The last time China was cited as a currency manipulator was in 1994.

      Switzerland joined China, Japan, South Korea, Taiwan and Germany as countries that are under scrutiny for practices including a trade surplus in excess of $20 billion, a current account surplus larger than 3% of GDP and persistent intervention in currency markets in excess of 2% of an economy’s GDP. No countries broke all three of those actions, the Treasury Department said.

      http://www.marketwatch.com/story/china-now-for-duration-of-obama-presidency-escapes-being-named-currency-manipulator-2016-10-14

      • df NJ

        It’s been 6 to 1 for 20 years. 6 to 1 means a CEO gets 6 Chinese workers for every 1 American worker. Get rid of the currency advantage and none of the American factories would have ever closed.

        • socalbeachdude

          You are apparently very confused about currency exchange rates and the nominal values of currencies. The relationship of the number of renminbi (RMB / yuan) has nothing whatsoever to do with the number of Chinese workers to US workers. The exchange rate of yen in Japan is around 102 yen for every US dollar. The renminbi has an essential peg to the US dollar but is allowed to flat within a tight range against the US dollar.

          The big issue with the renminbi is that it is EGREGIOUSLY AND MASSIVELY OVERPRINTED relative to the US dollar as China has increased its money supply by more than $30 trillion over the past 10 years to now around $33 trillion from only around $3 trillion and that was done on the back of the US dollar due to their peg to the US dollar. China’s money is now essentially MONOPOLY MONEY WITH LITTLE FUNDAMENTAL VALUE AT ALL and its economy is about half the size of the US economy which only has a money supply of around $13 trillion in M2.

          Most of this money in China has been loaned out and there is a MASSIVE BUBBLE that was created as a result particularly in the real estate and stock markets and throughout the entire huge shadow banking industry and trillion of dollars of debt have gone bad with at least $6 trillion of debt that will go bad very soon.

  • socalbeachdude
  • socalbeachdude

    The use of the US dollar is NOT DIMINISHED AT ALL and the US dollar is now MORE IMPORTANT THAN EVER in the global economy.

    The US dollar has been managed SUPERBLY and the two currencies which have been most EGREGIOUSLY MISMANAGED are the Japanese yen and the Chinese reniminbi (RMB / yuan) with the renminbi taking the prize as the most egregiously mismanaged currency the world has ever seen.

    The US dollar is right around 98 on the DXY and will continue rising and will like reach at least 120 on the DXY and could go a high as 164 and will simply keep rising for a multitude of reasons. The US dollar is used in 83% of all global transactions and accounts for 63% of all global currency reserves and there is no other currency that can ever challenger the US dollar in the foreseeable future.

    AEP: Dollar hegemony endures as share of global transactions keeps rising

    The US dollar is tightening its grip on the global financial system at the expense of the euro, entrenching American hegemony and rendering the US Federal Reserve more powerful than at any time in history.

    Newly-released data from the Bank for International Settlements (BIS) show that the dollar’s share of the $5.1 trillion in foreign exchange trades each day has continued rising to 87.6pc of all transactions.

    It is the latest evidence confirming the extraordinary resilience of the dollar-based international order, confounding expectations of US financial decline a decade ago.

    Roughly 60pc of the global economy is either in the dollar zone or closely tied to it through currency pegs or ‘dirty floats’, and the level of debt issued in dollars outside US jurisdiction has soared to $9 trillion.

    http://www.telegraph.co.uk/business/2016/09/01/dollar-hegemony-endures-as-share-of-global-transactions-keeps-ri/

    China has printed more than $25 trillion in bogus currency like China did over the past 10 years to increase its money supply from around $2 trillion to over $27 trillion despite the fact that China’s economy is HALF THE SIZE OF THE US economy and the US money supply M1 size is only $3 trillion and the broadest MZM measure in the US is only $13.5 trillion.

    China’s currency value is as BOGUS AS A $3 EURO and the whole world knows that. There comes a point – like starting on August 11, 2015 – when the renminbi (RMB / yuan) was depegged by China from the US dollar that the whole world starts realizing that and then it all starts coming crashing down in value which is, of course, exactly what is now going on in the currency markets causing MASSIVE TURMOIL throughout the global markets for commodities, currencies, bonds, and equities.

    China is a display of MIND BOGGLING INCOMPETENCE these days and the renminbi is rapidly heading towards being TOTALLY WORTHLESS.

    The total M1 money supply in the US is only $3 trillion and only $1.3 trillion of that is printed currency. This is confirmed by the Federal Reserve H.3 report:

    http://www.federalreserve.gov/releases/h3/current/

    M2 which includes M1 plus savings balances is only around $13. None of the QE funds increased the money supply at all but only served to increase the MONETARY BASE with 100% of those funds remaining inside the Federal Reserve.

    That LITTLE BIT OF MONEY supports the largest economy in the world which is now an $18 trillion a year economy.

    • df NJ

      Chinese owns all the factories. We don’t make anything here. They have all the engineers and scientists we all the brains to make stuff. We have nothing but bankers, politicians, lawyers, shysters, and bad actors. Who do you think is going to win in the long run?

      I think China is a much better position for the future.

      • socalbeachdude

        Where on earth do you come you with that totally false assertion? The USA remains the second largest manufacturing country in the world and is a very close second to China. The big difference is that the USA manufactures mostly HIGH VALUE ADDED GOODS whereas China manufactures low value added consumer goods.

        The USA remains the leader for domestic manufacturing in planes (Boeing), turbines (GE), construction equipment (Caterpillar) and an array of other high value added goods. What has been ceded in the way of manufacturing in the USA are low value added goods.

        Moreover, much of the manufacturing in China is CONTROLLED BY USA MULTINATIONALS such as Apple, HP, Dell, and other consumer products companies and is not uniquely Chinese in design at all, but is produced by USA companies in China on contract with large Chinese manufacturers such as Foxconn. That manufacturing could be rapidly WITHDRAWN FROM CHINA which would send its economy swirling down the drain even faster than it already is as Chinese exports are plummeting.

        China Export Dip Tempts Policy Makers to Keep Weakening Yuan

        “China is running out of options and letting the yuan go is the lowest-cost option for them,” said Sue Trinh, head of Asia FX strategy at RBC Capital Markets in Hong Kong. “We’ve seen them move in this direction. There’s more work to do.”

        The yuan is headed for the biggest weekly decline since January as mainland markets returned from holiday to face intensified depreciation pressures from a rising dollar. The yuan has dropped 3.4 percent against the dollar this year, the biggest decline in Asia.

        China’s total debt grew 465 percent over the past decade, according to Bloomberg Intelligence. Total debt rose to 247 percent of gross domestic product in 2015, from 160 percent in 2005, with corporate debt jumping to 165 percent of GDP from 105 percent.

        “China is still being kept afloat by a housing bubble and massive state stimulus,” said Michael Every, head of financial markets research at Rabobank in Hong Kong. “The export backdrop merely underlines some of the downside risks to GDP growth ahead. Expect the yuan to move down with it.”

        http://www.bloomberg.com/news/articles/2016-10-13/china-s-export-drop-tempts-policy-makers-to-keep-weakening-yuan

        • df NJ

          “Stagnant wages over last ten years

          The key driver of these income trends, besides lower employment and hours in the aftermath of the financial crisis, has been wage stagnation over the last dozen years. In 2014, the median man working full-time, full-year experienced a slight decrease in real earnings of 0.9 percent, from $50,834 to $50,383. On the other hand, the median woman working full-time, full-year saw a slight increase of 0.5 percent, from $39,427 to $39,621. By these measures, real wages have failed to grow since 2007 for either men or women. Looking over a longer horizon, the trends are starkly disappointing. The median woman working full-time, full year saw her earnings grow from $30,180 in 1973 to $39,757 in 2002, and then stagnate in the 2002–2007 recovery and during the recession since 2007, reaching only $39,621 in 2014. Since 1973, the median man working full-time, full-year has seen no sustained growth, dropping from $53,291 in 1973 to $51,902 in 2002 and falling further over the 2002-07 recovery and the recession to $50,383 in 2014.

          To get household incomes rising we will need to get real wages of the typical man and woman to rise, something that we haven’t seen for more than a decade.”

          http://www.epi.org/blog/income-stagnation-in-2014-shows-the-economy-is-not-working-for-most-families/

  • socalbeachdude

    All Article 1 of the US Constitution states regarding bankruptcies is:

    “To establish a uniform rule of naturalization, and uniform laws on the subject of bankruptcies throughout the United States;”

    That merely gives the federal government the power of that issue versus states and it certainly does not establish bankruptcy as any sort of “right” at all.

  • df NJ
  • df NJ

    The Federal Reserve is NOT your friend:

    Absolutely the best video on why we are in so much debt. Just as true as it was in 1996 when it was created:

    https://www.youtube.com/watch?v=B4wU9ZnAKAw

    This explains why the Federal Reserve is costing the American citizen EVERYTHING!!!!

  • mark8076@msn.com

    And then what do they do once the credit cards are maxed out, they’ve had to file bankruptcy’ and can’t get any new credit cards or loans????……….
    MOM! I’m six months behind on my electric bill and if I don’t pay them the $1500 in full by 5:00 today they will shut off our power and your grandkids will have no lights and no airconditioning.

  • mtntrek3

    It does seem that some young people have the “heck with working”mindset. True.

  • Gave

    Let the bubble burst.
    Let America collapse so that the American people will finally awaken and …….goodbye America.

    • df NJ

      You can go commit suicide if you want. But there are a lot of innocent children that should not be made to suffer because you are some kind of loser.

  • chet

    Much debt is from medical bills, where the payor or insurance company only pays part of the bill and the rest is sent to collections by the provider. It is estimated that 75% of all adults have some medical debt, and about half of that debt is probably not legitimate.
    Other things in collections may not be actual debts.
    I have two things in collections from companies that tried to cheat me, or a company that purchased another company and tried to stick me with a fee or increased cost.
    Problems for regular people today relate to not having any authority to fix something that was wrong.
    For example, when your mobile phone company changes your plan, charges you more, and then bills for late fees on the new charges.
    You have to pay these fees and fines or take it on your credit report, even though you did not request the change and were not notified.

  • Bruce

    Look on ANY street corner. We are surrounded by payday loans, Title loans and the like. Rent to own everything from beds to suv rims. We are sinking as a nation and fast. Use to be the husband worked and the wife raised the children and kept the house clean. Then it turned out that both needed to work. Now, they have adult children and they all need to pitch in just to make it. Can anyone not see that this cannot stand? Can anyone not see we are all about to go belly up. Maybe the real discussion should be less about what, when and if it is coming but rather preparations and survival tactics for the INEVITABLE.
    I most recently got a small taste of what it will be like when Hurricane Matthew roared through my city. I went without lights for 6 days. Lost all my frozen foods, boiled water for a bath and ate many sandwiches. Light out everywhere, trees blocked by trees and travel restricted due to a mandatory curfew. Grocery stores with empty shelves and no fuel anywhere. It was just for 6 days but rest assured in was no fun. No TV to take your mind away to no fan at night to hum you to sleep. Imagine life being that way every single day, week after week, month after month maybe even year after year.

    • Jerry C

      Say it ain’t so! No fan to hum you to sleep? Good God!!

      • Bruce

        You missed the whole point!

        • Jerry C

          I agreed with your comment, so mine was an attempt at humor. I sleep with a fan too, so I know what you meant. lol

    • df NJ

      There’s something really wrong right now in the cities. The corruption is institutional.

  • Kountry Bumpkin

    I had CC debt about 20 years ago but I paid it off and now I don’t even own a CC, my monthly bills consist of my house pmt, power, water, auto insurance, TV and internet, I’d like to get rid of the TV and internet because I view it as saving $160 a month but my husband wont let me, I haven’t had a cell phone or home phone in years, got to the point I could stand the thing and I’m not a person that likes to be at the beck and call of others 24/7. Because I have a fireplace I got rid of my gas service back when Clinton deregulated it, now I have a wood cook stove that not only heats my house I get to cook on it all winter. My plan is when we replace our roof with a tin one to get some solar panels, I plan to build my own wind and water turbine for more power (doing my best Tim Allen grunt). Since the creek is only about 20 yards from my house I also hope down the road to set up a solar powered water pump, I already have a hand pump. I’ve just gotten overall to the point where I hate giving my money to other people, my husband calls me a penny pinching miser. When the whole back of the freezer side of my frig. started forming ice 2″ thick I took the back off and cleaned out the drain but it didn’t stop it, my husband wanted to buy a new one but I wasn’t about to if I could fix it, I went online and read articles and watched videos, took the back out of the inside a discovered the heater was broken, it cost me $50 to buy the new heater to fix my freezer with. I work on my own truck, I own my own mechanic tool, building tools, chainsaw and etc. Anybody that’s not to stupid to learn can save money by doing a lot of things themselves that they pay others to do.

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