Debt Cancellation

Zero Hedge had an article the other day on the decline of the middle class. I would like to include in my discussion the working class because America used to have a skilled work force that was as highly paid as many members of the middle class.
I have dedicated myself to preventing World War III and to the abolition of poverty for the working poor. Today I will address the latter though I believe it will form the basis of saying No to war. Frankly, Americans have the lost the ability to say No to Wall Street and to wars for Israel.

I am writing about the Bankers who are driving 7 billion people off a cliff towards the certain destruction of our economic life. Money is a difficult subject to understand but I think it is worth the effort if it prevents Wall Street and the City of London from starving half a billion people to death and risking World War III for the rest of us.

I am writing about the Bankers who are driving 7 billion people off a cliff towards the certain destruction of our economic life. Money is a difficult subject to understand but I think it is worth the effort if it prevents Wall Street and the City of London from starving half a billion people to death and risking World War III for the rest of us.

There are 30,774,038 federal, state and local government employees if you count the 4.4 million federal contractors and 2.5 million grantees. Are we getting our money’s worth? America has sent 12 million high paying jobs and 56,000 manufacturing plants overseas. We now have 51.5 million low paying workers who pay few if any taxes at all. 27 million individuals and families with children received an average of $1,330 in welfare payments disguised as Earned Income Tax Credits (EITC.) With our declining wages and employment we might ask ourselves are all those people worth it.

There are 30,774,038 federal, state and local government employees if you count the 4.4 million federal contractors and 2.5 million grantees. Are we getting our money’s worth? America has sent 12 million high paying jobs and 56,000 manufacturing plants overseas. We now have 51.5 million low paying workers who pay few if any taxes at all. 27 million individuals and families with children received an average of $1,330 in welfare payments disguised as Earned Income Tax Credits (EITC.) With our declining wages and employment we might ask ourselves are all those people worth it.

A senior Obama administration official told Kyle Bass ‘We’re just going to kill the dollar.’
Let me explain what that means.
Hollywood in recent years made popular movies on slavery. What do you call someone who worked all his life only to have everything he worked for taken away? That’s right. They are slaves.
In the old days prior to the American Civil War masters had to feed their slaves in their old age. In fact the black slaves often were better clothed and fed than the poorest whites.
Fast Forward to the Day After The Dollar Dies.

A senior Obama administration official told Kyle Bass ‘We’re just going to kill the dollar.’
Let me explain what that means.
Hollywood in recent years made popular movies on slavery. What do you call someone who worked all his life only to have everything he worked for taken away? That’s right. They are slaves.
In the old days prior to the American Civil War masters had to feed their slaves in their old age. In fact the black slaves often were better clothed and fed than the poorest whites.
Fast Forward to the Day After The Dollar Dies.

We used to have the moral high ground. We aren’t the Good Guys anymore.     Rob Kirby

A Depression is a period of time when Unpayable Debts are canceled. There are three ways to cancel Unpayable Debts. The first is through a Weimar Republic style Hyperinflation. The second  is through a 1930s style wave of farm foreclosures and business and personal bankruptcies.  Might I remind you that at least 3 million Americans died from starvation in the last Depression?  The Babylonians invented a Third Way to cure a Depression  thousands of years ago. It is through a government sponsored rational Debt Cancellation.

If we do not get Pension Reform done right, we will be losing tens of millions of Canadians, Americans and Europeans over 40 years of age to starvation and healthcare Death Panels.  Depressions are caused by the accumulation of Unpayable Debts through fractional reserve banking and the charging of interest on money created out of nothing by bankers. There are three ways out of a Depression. One is by Hyperinflation (Weimar Republic). Another is bankruptcy and default on bad debts (US 1930s). A third way is to systematically cancel bad debts on a scientific basis.