It was once said, “Ask not what your country can do for you, ask what you can do for your country.” (JFK) The greatest thing JFK did for the country was trying to give the people back real money, which is probably why he was killed. Three other presidents were most likely killed over the same issue.
Whenever our government does something for us, it usually does it on credit. The only thing is most of what the government borrows never seems to go to Americans who works their butts off paying taxes, which has never paid any principle on the country’s debt, but always the interest to maintain it.
Whenever our government supposedly does something for the people, it usually does it on credit. Deficit spending is spending more than what one makes or has. It has become a way of life for many Americans, especially in these latter days, as it has always been for the Federal Government, especially since 1913. The only difference is credit limits, which the Fed doesn’t seem to have while Americans are cut off when their limit is reached and your credit score goes south. If one owes taxes because their CPA cheated them and took off for the Bahamas with yours and the government’s money, the IRS doesn’t care. They will take everything left, sell it except the shirt on your back and a guitar and leave you destitute unless you have good friends. Just ask Willie!
The only thing is that most of what the government borrows never seems to go to Americans who works their butts off paying taxes, which has never paid any principle on the country’s debt, but always the interest to maintain it. Almost 2/3rds of your mortgage payments, if you keep it for 30 years, is interest and principal doesn’t really start getting paid down until one is 15 years into the loan. Rapid Equity and turnover is what keeps property prices rising.
The burden of debt is being in bondage to those one is indebted to and usuary (interest) are the chains of that bondage. Inflation is the tightening of the chains as the Fed keeps creating more money out of thin air and it’s printed on 75% cotton linen material, the same material as the “bow” that the white horse’s rider has. (See “Missing Links i Appendix IV” in main menu.) Seems cotton still has it roots in slavery. Soon, a loaf of bread may cost ten pounds (not British pounds) of cotton.
Our Fiat Money (Irredeemable paper money made legal tender by law) System
U.S. Constitution Article 1
Section 10: Powers Denied to the States
No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
How did our money get so worthless?
by John F. Cogan
Deficit spending has been a way of life for the federal government for most years since World War II. A whole generation of elected federal officials has come and gone without ever balancing the budget. The last time that federal budget expenditures were brought into balance with revenues was in 1969, and prior to that the last time was in 1960….
During the first ninety years of U.S. history, spending authority was concentrated in a single committee in each house of Congress, and budgets were balanced except during recessions and wars. But in 1885 the House stripped the Appropriations Committee of much of its spending authority and gave it to numerous authorizing committees. This period of decentralized budgeting lasted until just after World War I.
At the time, some observers recognized the consequences of decentralization. Congressman Samuel Randall, chairman of the Appropriations Committee and a former Speaker of the House, warned in 1884, “If you undertake to divide all these appropriations and have many committees where there ought to be but one, you will enter upon a path of extravagance you cannot foresee the length of or the depth of until we find the Treasury of the country bankrupt.”
Randall’s statement proved prophetic. Immediately after Congress splintered the budget process, federal spending grew at an unprecedented rate. By the mid-1890s federal spending (excluding interest payments) was 50 percent larger than it had been in 1886, and by 1916 it had risen an additional 45 percent.
If interested, here’s more: https://www.bing.com/search?q=last+time+U.S.+government+had+a+balanced+budget&form=QBLH&sp=-1&pq=last+time+u.s&sc=3-13&qs=n&sk=&cvid=B02DD7B948A543B29D90312AD58C9C2A&ntref=1
One can inflate a ballon until its inflation is greater than its capacity to hold the pressurized air and then:
Before there is a great reset, there must first be a great collaspe.
The national debt has grown 1.83 billion since posting “Paying the Pipers”!
National Debt by year 2009 to 1791.
Strong’s definitions embedded.
KJV(i) 1 Behold, the LORD(‘s) maketh the earth (nations) empty, and maketh it waste, and turneth it upside down, and scattereth abroad the inhabitants thereof. 2 And it shall be, as with the people, so with the priest; as with the servant, so with his master; as with the maid, so with her mistress; as with the buyer, so with the seller; as with the lender, so with the borrower; as with the taker of usury, so with the giver of usury to him. 3 The land shall be utterly emptied, and utterly spoiled: for the LORD hath spoken this word. 4 The earth mourneth and fadeth away, the world languisheth and fadeth away, the haughty people of the earth do languish. 5 The earth also is defiled under the inhabitants thereof; because they have transgressed the laws, changed the ordinance, broken the everlasting covenant. (Ref. Daniel 7:27, Lev. 24:8, Matt. 5:17-20, Rev. 14:12)
Come out of Babylon for her judgement is near!
The O’Jays song from 1973, “For the Love of Money,” is playing out.
LikeLiked by 1 person
LikeLiked by 1 person