Source: The Common Sense Show, by Dave Hodges
I am so sorry that I feel compelled to unleash the realities of such a hellish nightmare that is beginning to engulf this country. The United States is in the early stages of an economic meltdown. I apologize to the cognitive dissonance crowd, but your days of ignorant bliss are coming to and end. How can I be so sure?
We live in country that only takes in $2 trillion dollars per year, yet we are looking at the most staggering debt in world history:
1. $18 trillion dollar deficit and that is the good news.
2. $240 trillion dollar unfunded and mandated liabilities (e.g. Medicare and Social Security).
3. $1.5 quadrillion dollar credit swap derivative debt that the bankers have managed to pass along to the people. The interest alone, on the derivatives debt, was $505 trillion dollars last year.
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