Towards the end of 2012, the great sorcerer at the Fed in September announced QE3 to add more quantitative easing and help the economy. This wasn't enough so in December the Wizard added an additional $45 billion a month of quantitative easing through QE4. These guys are truly monetary magicians how they can print money out of thin air and say that this will help the economy with no downside. Last year, the government raved about the reduction in Americans filing for bankruptcy when the number was released showing that only 1.3 million filed. While this all sounds good it's once again more of this smoke and mirrors and sleight-of-hand by the banking wizards. They now own the mainstream media that in the past was supposed to stop them from working their magic if there was some deception going on. Now, the media just blows the trumpets and bangs the drums with no stopping as they march on to what they believe is a utopian collective recovery.
Bankruptcy Counseling, Humble Bankruptcy Lawyer, Bankruptcy Attorneys Portland Oregon,
We as Americans have been warned many times and yet no one really seems to care. The reason that the number of those filing bankruptcy has declined is because the banks now have stacks of funny money pushed out to them by the Fed. Now they have piles of free stinking money to loan out to people buried under a mountain of debt. People are kicking the can down the road by borrowing more money to stave off bankruptcy filing until the economy returns. This whole thing is crazy when you look at just four years ago the debt to income ratio of the average American was close to 50%. That number has now shot up to 154%. I don't know how they got Main Street to start drinking the Kool-Aid, but the numbers are out of control. Don't people understand that they have no alternative but to file bankruptcy to eliminate this debt? Outside of winning the lotto or having a rich uncle leave you their entire estate, it's impossible to pay this debt off. It's now common to see people taking out credit cards or personal loans to pay their past debts and at some point in time when the interest accumulates, these individuals will fall off their fiscal cliff.
Last week, the president told reporters that the White House was responsible for the creation of more than 6 million jobs. When looking at the facts, the truth is the country has lost more than 8 million jobs either through bankruptcy of companies or the company moving the jobs offshore. The media uses every opportunity they can to preach recovery but it is nothing more than propaganda. Most people in the US don't know they are being bamboozled by the politicians, nor do they care. As long as the entitlements keep rolling in, Americans will stay asleep.
With quantitative easing in full swing to infinity and beyond, it's just a matter of time before inflation starts rearing its ugly head. This kind of policy did not work for the Weimar Republic, Zimbabwe or Argentina and it won't work for the US. Many Americans will be forced to file bankruptcy once all of this starts catching up as the dollar is being devalued. Individuals won't be able to borrow money fast enough to even pay the interest on their debts and keep a roof over their head. People should take the time to get a reality check and sit down with a bankruptcy attorney and be honest about their financial situation. Hopefully, the bankruptcy attorney will steer them away from financial bondage and put them back on the road of our elders being debt-free.
Is Bankruptcy Right For You? Talk to Bankruptcy Attorneys Free and Confidential. Licensed bankruptcy attorneys are available. Attorneys will call you to discuss your case for free. Find out if bankruptcy is right for your situation.
Rating of Bankruptcy Attorney Fees
Get Online Application at online Bankruptcy Lawyer.
0 comments:
Post a Comment