Americans Are Spending Themselves Into Oblivion Unaware That The End Result Will Be The ir Debt Bomb Will Explode And Result In Them Being Penniless And Enduring A Life Of Penury!

IGNORANT OF THE LESSONS OF THE 2008-2009 FINANCIAL COLLAPSE, AMERICANS ARE LOADING UP ON DEBT IN A SUICIDAL WAY! THEY ARE COMMITTING MASS FINANCIAL SUICIDE IN RECORD NUMBERS BY BORROWING THEMSELVES INTO BANKRUPTCY AND REMOVING THEMSELVES FROM PARTICIPATING IN THE ECONOMY FOR AT LEAST 10 YEARS. ONCE YOU ARE BANKRUPT, YOU HAVE NO ACCESS TO CREDIT EXCEPT PERHAPS THE BUY HERE, PAY HERE CAR DEALER AND THE RENT A CENTER FOR FURNITURE AND APPLIANCES. THE DEBT BUBBLE ON MANY LEVELS IS ABOUT TO POP. GOVERNMENT BORROWING IS OUT OF CONTROL. UNFUNDED PENSION LIABILITIES ARE IN THE TRILLIONS AS THE POLITICAL LEADERS ENTRUSTED THESE FUNDS TO POLITICAL CRONIES AS ACTS OF PATRONAGE AND THEN EXTORTED THESE FUNDS BY PLACING THEM IN INVESTMENTS THAT CHARGED THE HIGHEST COMMISSIONS AND FEES, THEREBY VIOLATING THEIR FIDUCIARY DUTIES OF ACTING IN THE BEST INTERESTS OF THEIR CLIENTS - THE TAXPAYERS WHO PROVIDED THESE MONIES IN THE FIRST PLACE!

VENEZUELA IS IN THE MIDST OF TOTAL FINANCIAL COLLAPSE. THEY SOLD OFF THEIR ENTIRE GOLD RESERVES EARLIER THIS YEAR IN ORDER TO OBTAIN HARD CURRENCY. THEY ARE INDEBTED BY HUNDREDS OF BILLIONS OF DOLLARS TO THE CHINESE. THEIR PETROLEUM INDUSTRY HAS ALL BUT CEASED PRODUCTION AND THE PEOPLE THEIR ARE DRINKING SEWER WATER AND KILLING WILD ANIMALS IN ORDER TO SURVIVE. IT'S AN APOCALYPTIC SCENE THERE.
IN THE 1950'S, THE COUNTRY HAD ONE OF THE HIGHEST STANDARDS OF LIVING IN THE WORLD, NOW, UNDER SOCIALIST RULE, IT HAS TURNED INTO A THIRD WORLD SHITHOLE THAT HAS DESCENDED INTO VIRTUAL COLLAPSE UNDER THE BURDEN OF DEBT.

SEARCH FOR BEN FRANKLIN'S QUOTES ON MONEY. ONE WAS, "I'D RATHER GO TO BED HUNGRY THAN WAKE UP IN DEBT". FRANKLIN WAS WISE AND KNEW THE ADVANTAGES OF SAVINGS AND MANAGING MONEY.

UNLESS THE NATIONAL MINDSET MAKES AN IMMEDIATE AND RADICAL CHANGE AND GIVES UP IMMEDIATE GRATIFICATION FOR LONG TERM SECURITY, DEBT WILL EXPLODE AND BE RUINOUS TO THOSE WHO HAVE EMBRACED AS A WAY OF LIFE.