(Video) HALF of Americans Die Broke! Pension Funds are GONE!

in money •  7 years ago 

It’s not just the government which has found itself in unpayable amounts of debt. The people of the U.S. have been following suit. Looking around the world we see that most people encountering the same mess. Even cultures who typically don’t use debt and mortgages, have expanded into these ways in recent years. There’s no turning back.

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In This Episode:
It’s not just the government which has found itself in unpayable amounts of debt. The people of the U.S. have been following suit. Looking around the world we see that most people encountering the same mess. Even cultures who typically don’t use debt and mortgages, have expanded into these ways in recent years. There’s no turning back.

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Alarming but not at all shocking.
When you have a govt that prints, spends unreasonably, charges fines to citizens who don't have medical coverage, and then bails out bankers who cause bubbles collapses, all while manipulating precious metal markets.
No wonder!
No one has faith in our fiat deep state system anymore, and they shouldn't.
They should mine steem by posting and become a member of a real working system that cannot be manipulated and sold short.

Debt is a wonderful tool more akin to a double edged sword. If used correctly it is a great financial strategy to better one's life. The problem is that most people, and some countries, treat credit like free money. They should be treating it like fee money.

Certainly like a home which offers much leverage, it also carries a large burden. If someone is careful, they can make a lot of money but if not, they will end up like the subprime crisis and how that spread rapidly.

where did the money go?

Into the hands of the bankers through one way or another.


'splain this then..

It will be the same with Canada & many other countries

Absolutely.

With the depressed interest rates over the last 20 years, most logical people would want to put the spare cash in some financial instruments that will give them a higher return. Instead of helping them, we see mal-investments that led them to lose their hard-earned savings. Such is the monetary system today... to enslave us if we are not careful.

The banking system is created specifically to enslave us. We see how the establishment is trying to hold it all together but it's not doing so well for most people but they don't know what else to do.

Here in Brazil the interest rates rover around 10% a year. So nobody is crazy to get a loan. You spend what you already have, or else, you'll be totally bankrupt and unable to pay the fees.

Thank you for the insider information on Brazil. Countries with higher inflation seem to be taking a toll on the citizens.