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General Category >> Politics, Religion (Tall Table) >> You're a winnah!
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Message started by justin_o_guy2 on 10/21/17 at 09:19:20

Title: You're a winnah!
Post by justin_o_guy2 on 10/21/17 at 09:19:20

https://americanconsequences.com/a-lottery-nobody-wants-to-win/

Are you old enough to remember when savings and CDs paid enough interest to make money?
Do you know who sets interest rates?
Why aren't interest rates set by the local bank that uses your money and can pay interest?
Why is it that the spread in interest rates between borrowing and saving is so huge?
What changed?
Debt.

And IF interest rates climb, the cost of paying the Interest on the national debt would crush the economy.
So, interest rates are being held down.
Excerpt from the article

Economies collapse when debt-service costs grow faster than income for a long time – usually 50 years or more. These aren’t normal default cycles. These are far different… These are debt-fueled revolutions.

What happens is that debt builds and builds. Once debt-service costs start growing faster than the economy, then the total debt is never reduced. Sooner or later, debt begins to grow geometrically, far faster than income. And then… it simply can’t be managed. That’s when the crisis hits.

Title: Re: You're a winnah!
Post by MnSpring on 10/21/17 at 10:55:16

Try this a different way.
You have a CC, you charge 200.00
you pay, (this month), the 25.00 Min.
Next month you charge, 200.00,
you pay, the 25.00, on the 360.00
(5.00+ each month is interest)

A year, goes by, each month you charge, 200.00,
and pay, 25.00.
You now have 2,160.00 in debt.
(Actually more, because, the more borrowed, the more interest)

But hay, you ONLY, have to pay 25.00.

Some people think that is OK.
Some people, don’t think so.

What do you want, your, Government to do ?

Title: Re: You're a winnah!
Post by justin_o_guy2 on 10/21/17 at 10:59:15

Listen to G.Edward Griffin
Federal reserve speeches
Or
Read
Creature From Jekyll Island

I'm just trying to get people to see what is happening.
Henry Ford said if people understood what the federal reserve was there would be a revolution.
People don't have a clue.
PG does. I don't know if anyone else does.

Title: Re: You're a winnah!
Post by justin_o_guy2 on 10/22/17 at 06:17:20

Too real?