Wake up America

A Gift from the Banks to You
Because
The National Debt belongs to You

  Look at the national debt as if it were an ARM, (Adjustable Mortgage Rate) and we the people as the homeowner. When the Federal Reserve Bank raises the rates in the future our financial problems; because we are the homeowner with the ARM (Adjustable Mortgage Rate,) will become catastrophic.
  The Bureau of Public Debt is a unit of the Department of Treasury, to visit the current government site for debt click here and for interest paid out to the Federal Reserve Bank after clicking here go to bottom of government page. 

  The numbers that are used here are the Total National Debt as listed by the US Treasury Dept. rounded off to the nearest billion This includes the money borrowed from Social Security that needs to be paid back, with interest.
 

Year

Federal Debt

Yearly  Interest Payment

1960

$  284,000,000,000

$  9,000,000,000

1980

$  930,000,000,000

$ 75,000,000,000

2000

$5,674,000,000,000

$362,000,000,000

2004

$7,379,000,000,000

$322,000,000,000

2005

$7,932,000,000,000

$352,000,000,000

2006

$8,507,000,000,000

$405,872,109,315

2007

$9,007,653,372,262

$429,977,998,108

2008

$10,024,724,896,912

$451,154,049,950

2009

$11,909,829,003,522

$383,363,826,680

2010

$13,561,623,030,891

$413,954,825,362

2011

$14,790,340,328,557

$454,393,280,417

For the Biblical crowd that is a lot of usury

TYRANNY OF USURY
Found in a Book

  When the comedy is played out there emerges the fact that a debit and an exceedingly burdensome debit has been created. For the payment of interest it becomes necessary to have recourse to new loans, which do not swallow up but only add to the capital debt. And when this credit is exhausted it becomes necessary by new taxes to cover, not the loan, BUT ONLY THE INTEREST ON IT. These taxes are a debit employed to cover a debit.
 
  If the loan bears a charge of 5 per cent, then in twenty years the State vainly pays away in interest a sum equal to the loan borrowed,($14.79 trillion) in forty years it is paying a double sum,($29.5 trillion) in sixty - treble,($44.3 trillion) and all the while the debt remains an unpaid debt. FEEL USED YET

The National Debt on Sept 30 2011 (last day of fiscal year) $14,790,340,328,557
Interest at the end of 2012 @3.25% will be over $480,686,060,678
If the Federal Reserve Bank doubles the interest rate
Interest on $14.790 trillion @ 6.5% = $961,372,121,356

Stopping this runaway debt and interest serves the “Common Good”

  Just think of the repairs that could have been made to the roads, bridges, schools, national parks, Social Security (which will have to be paid back out of the general fund)… if we had not been forced by our elected officials to pay out over $9 trillion interest (usury) on the National Debt since 1980. 
  There are a large number of people who do not understand the correlation between debt and deficit, the definitions for those words have been included.
DEBT: how deep the hole is: the amount of money that has been borrowed.
DEFICIT: how fast the hole is being dug: how much more the government has spent (like a credit card) during the year then the government has received.
  We as a nation are in a bit of a bind.

Did you know Social Security and Medicare are not legally binding Federal Obligations.

  A Bible search using lend*, borrow*, debt*, bribe*, and *justice* was performed using a computer (* is a wild card symbol when doing computer searches). If the Old Testament is any indication of what happens in the future, there should be a large number of Capital Hill employees (elected officials) working overtime to rectify the problems they manufactured because of the injustices that were created pandering to special interest groups and by writing unfunded feel good legislation.

Chuck Jackson
Editor: scaryreality.com



Year      Total Public Debt Outstanding       Interest Paid Out
2011         $14,790,340,328,557              $454,393,280,417