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Credit and Borrowed Money: Will the Clock Run Out in America in 2013 or 2014?

Updated on March 6, 2014
Time for Monetary and Economic Collapse is Close
Time for Monetary and Economic Collapse is Close | Source

Do We just Print Money?

If we were to print money in our house, how long would we be allowed to keep spending it?

Like credit, the US is printing money, with our credit standing behind it. BORROWED CREDIT!

When the other countries finally say enough is enough, the US will have to stay within its credit status.

When this happens, the products that we buy will either have to be paid for in Gold, Silver or other precious metal, food, or another type of media or currency.

OIL is one of those things that we buy from other countries..... Buyer beware!!!! This is coming to a halt and will have to soon be dealt with.

Is it a wonder that people are beginning to wonder about the fate of our Country? Occupy Wall Street and financial institutions are in the news and for good reason. People are finding out that we have corrupt politicians, business people and bankers. The citizens are becoming concerned about the future of the United States and the world.

The people are living off borrowed money and time. When the time finally catches up with the known value of the money is fast becoming a reality. The money is shrinking faster with each beating moment and the merchandise, products and commodities are increasing in value and price.

The day is coming and just printing more money is not going to be the answer this time.

In the past, we have borrowed into the future and our future generations will be paying on the interest for years to come. The elimination of the factories and companies in the United States took away any hope of the common person making enough money to compensate for the lack of schooling and upbringing.

The politicians and big business raped this country and transferred the wealth, property and future hope to the filthy rich. They have bailed out the inferior and the corrupt businesses with the hard earned money of the American people. Even with the bail out money, the corrupted and the dishonest officials are taxing the public, the small businesses and the struggling to the point of collapse.

The corruption of the banking system goes on with J.P. Morgan with billions lost. Is there another bail out needed for each and every economic disaster? Do the criminals keep going free and keep giving bonuses to those people who abuse the economic systems?

Borrowing to pay back debt

When can a person borrow money to pay off the debt? The answer is if it benefits that person financially. At no time should a person go in debt just to pay off another debt.

The same goes with the Governments. The governments can not keep going in debt just to pay off the loans and debts that are already on the books. The interest rates are eating up any chance of ever paying off the debt already made.

Almost everyone has to tighten their belts to put food on the table, to pay the utility bills and to struggle to put gas in the tank. The jobs of America has be outsourced to other countries for the sake of the almighty buck. The governments have raised taxes to the point of people moving out because they can not afford to survive any more.

The government is increasing taxes, decreases services, raising the Government's payroll and leaving the average citizen out of the loop. These are the people who pay taxes to support the governments and work to be good tax paying citizens. The governments are becoming so big that the massive weight is crumbling the actual structure that made it great in the first place. The people are the ones that made this country great, not the governments and now, the governments are taking the hard earned money from the citizens so that they can continue with the massive spending programs, giving money to third world programs that could not even care about the U.S. and spending it on the corrupt social welfare programs that have people who are taking money for doing nothing to enhance the country. The governments are sucking the citizens dry of their retirements, their wages, and their finances.

So just does this borrowing upon borrowing stop? It will stop when the Governments go dry and no one will trust them anymore. This may take a revolution or may take the Standard and Poor to down rank the credit status again to let the world know that the government can not be trusted, loaned to or be able to do trade with other countries.


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    • LAURENS WRIGHT profile image

      LAURENS WRIGHT 6 years ago

      Thank you somethgblue, for your wonderful comment. Someting seems to be wrong for sure. Billions are going in foreign aid and the United States is struggling. One thing that does make sense of this is that a collapse would change the wealth of the Nation to the bankers and the elite. With a collapse of the economy, most houses, buildings and property would be lost, letting the wealth go back to which the loan came. It is crooked, dishonest and corruption. Has our Nation come this far?

      Thank you for your comment, again!!!

    • somethgblue profile image

      somethgblue 6 years ago from Shelbyville, Tennessee

      And what gets me is that we give Billions away in humanitarian aid which is cool, but you or I couldn't borrow money and give it away, if we had no way of paying it back.

      The politicians must want the American economy to collapse is the only thing that makes any sense!

    • LAURENS WRIGHT profile image

      LAURENS WRIGHT 6 years ago

      Roy Patterson, thank you for your comment. It seems that some people can see what is going on and some people do not or do not want to see the truth of what is going on. The US money is not worth what it was and for the US to keep spending like there is no tomorrow, is crazy. Or maybe I could ask, Is it? Maybe they are planning a collapse. You and many more are getting prepared for what is going to happen. Thank you again!

    • Roy Patterson profile image

      Roy Patterson 6 years ago from Phoenix, Arizona USA

      The time will come in the near future that if the US doesn't get it's fiancial house in order that Runaway Inflation will take place. We are the world's largest debter nation. What is going to happen if China stops buying our debt and the dollar is no longer #1 on the world market? You can only print some much paper money before something bad happens.

      There going to be tough times ahead for American.The sad part is that most people don't have a clue what going to happen and really don't want to know.

      Are Obama and Congress cutting spending? No, they are spending like we have all the money in the world.

      I have my survival supplies, an armed and ready for what is going to happen.Let's hope the fools in Washinton do something postive before all hell brakers lose. Don't bet you life on it. I not going to.