"Wealthiest Nation, Ownership Society"??

Are WE wealthy when we are spending more than WE are saving & now more than WE are even earning? Savings have been decreasing for since the early '80's...

Do WE own something when WE are making payments on it? If so, what happens should WE stop making payments on our house, car, etc.? Buying on "credit" has been made easy & "secure"...anyways, it's not like it's actually money, is it?

How long could WE continue to not make payments and keep "our" things? For a while WE can get "new" credit to pay off the "old." For a while....

Are countries truly any different? Perhaps on a different scale, but wouldn't that just make it worse when "new" credit is no longer available?

Who is going to pay the debt interest when WE can't afford food, clothes & shelter? Do you think our creditors will come repossess assets or allow US to file bankruptcy??

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Equal Opportunity?

Opening the door...our privately-held "Federal" Reserve is opening up their hiring requirements for Equal Opportunity...from Monday's Federal Register...

To address the diminishing number of available graduates with Ph.Ds
in economics and other needed skills who are U.S. citizens, the Board
proposes to revise its policy regarding hiring for positions that
require access to sensitive information. This will allow the Board to
hire qualified non-citizens in certain positions of importance to the
Board's duties and for which a growing proportion of qualified
candidates in the applicant pool are non-citizens.

Currently, the Board does not hire individuals who are non-citizens into positions that require access to certain types of sensitive information unless the non-citizen intends to obtain and does, in fact, seek U.S. citizenship. The Board proposes to amend its rule to allow it to hire non-citizens without intention of becoming U.S. citizens into positions that require access to sensitive FOMC information in certain circumstances.
Comments on the proposed rule change are being requested...Rules Regarding Equal Opportunity

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FOXNews.com - Oakland Seizes Land, Swaps Retailer

Tick Tock, Tick Tock..."Public Purpose" & "Re-Development" coming soon to property near you OR perhaps even owned by you.

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To the Penny

Just in case you didn't see or hear about this out there in the "mainstream"...We The People passed a millstone on October 31st.

I know milestone is more correct, but "millstone tied around our necks" is more like it...Talk about Happy Halloween....
The TOTAL U.S. PUBLIC DEBT exceeded eight million, million dollars for the first time ever. This big a number, $8,027,123,404,214 might be easier shown as,
$26, 975 owed by EVERY person in the country
$56,299 owed by EVERY Employed Civilian Worker

Add in CONSUMER (PRIVATE) DEBT...and it's an additional,
$7,233 owed by EVERY person
$15,095 owed by EVERY employed worker

But just remember, GDP is up & growing strong!! Sleep tight & keep spending.

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