Author Topic: Dave said it best - this will not end well (Read 2197 times)

Matthew · « **on:** June 16, 2015, 07:20:36 PM »

Dave (from X22report.com) said it best:

Quote

Corporations, individuals and the federal government continue to rack up debt at a rate that is far faster than the overall rate of economic growth. We are literally drowning in red ink from sea to shining sea, and yet we just can’t help ourselves. Consumer credit has doubled since the year 2000. Student loan debt has doubled over the course of the past decade. Business debt has doubled since 2006. And of course the debt of the federal government has doubled since 2007. Anyone that believes that this is “sustainable” in any way, shape or form is crazy. We have accuмulated the greatest mountain of debt that the world has ever seen, and yet despite all of the warnings we just continue to race forward into financial oblivion. There is no possible way that this is going to end well.

Marlelar · « **Reply #1 on:** June 17, 2015, 01:52:46 AM »

I agree. And considering how the world has lost its moral compass, when the crash does come it will be 100 x worse than the "great" depression. I never cease to be amazed just how lazy, selfish, and dependent we have become as a nation. There seems to be an emptiness in the heart of America. I rarely see the "can do" attitude that we were once known for. It is now gimme, gimme, gimme...

I recently overheard two young men talking and one said how there was no purpose to his life, he had no idea what to "do". I felt sad for him. I guess it is no longer enough to grow up, get a job, raise a family, and enjoy the grand kids. Do they all want to be rich and famous like the cardboard people they see on reality TV?

Marlelar · « **Reply #2 on:** June 17, 2015, 12:27:26 PM »

Mr. Williams says it in a nutshell:

"If it were only the economic decline threatening our future, there might be hope. It's the moral decline that spells our doom."

link

Croix de Fer · « **Reply #3 on:** June 17, 2015, 04:34:48 PM »

The Bankersteins know this is coming because they're engineering it, and you can be sure they're planning a mass culling event to prevent or neutralize any substantive awakening and backlash against them. This imminent culling event will also act as a scapegoat for "causing" the coming global economic collapse.

Viva Cristo Rey · « **Reply #4 on:** June 17, 2015, 11:51:19 PM »

What does Catholic teaching and the bible say about debt?

Marlelar · « **Reply #5 on:** June 18, 2015, 06:08:02 PM »

Well I know what Shakespeare said! "Neither a borrower nor a lender be, for loan oft loses both itself and friend, and borrowing dulls the edge of husbandry."
(Hamlet)

Now to be serious: Although I cannot site any chapters in the Bible as a reference I do know that for a long time the Church taught against any kind of interest being paid on a loan. It did however moderate that position when the money lent would be used by the recipient to generate income, say for example opening a store, but it still maintained that money lent for things like fixing a roof or paying for medical care should not be lent with interest.

Those examples are small potatoes though. I have no idea what the Church teaches regarding national and international finance.