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Deluged with Debt
The JBS recently commented on the Dow hitting 12,000:
The value of the dollar continues to decline. The major reason? More of them are being produced to pay for government programs. This is the way inflation ought to be explained. Referring to inflation as rising prices, the usual blather, is akin to insisting that wet streets cause rain. Stock prices reach new highs because they are measured with less valuable dollars.
America is committing suicide through indebtedness. Until a President and Congress cease their spendthrift, borrowing and print-up-more-dollar ways, the dollar’s value will continue to sink. It can’t sink forever without drowning.
All the talk about protecting America’s children seems never to include the fact that they are being forced to shoulder trillions of indebtedness. “No child left behind” ought to be applied to their debt burden.
Uncle Sam continues to pull out loans from the “Federal” Reserve to pay for unnecessary government programs and expensive unconstitutional wars. Printing extra money naturally dilutes the purchasing power of the dollar, thus raising costs, stock prices, and inflation rates. Brace yourselves for an impending economic collapse. We all must obey the Prophet and get out of debt as fast as we can.
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#1 Dustin Davis | October 23rd, 2006 1:29 PMI’ve paid off nearly $9K this year… still going though. For great help, visit http://www.DaveRamsey.com
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