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Date Posted: 03:21:42 06/06/05 Mon
Subject: Four paychecks per household
another interesting yet disturbing read:
Four paychecks per household?
Posted: June 3, 2005
1:00 a.m. Eastern
By Devvy Kidd
� 2005 WorldNetDaily.com
On Feb. 4, 2005, while giving one of his Social Security speeches, Mr. Bush had an exchange with a woman named Mary Mornin, who explained she is a single mother with two daughters and one son, who is mentally challenged. Bush reassured this working mother that Social Security would "be there" for her later on. The rest of the exchange was horrifying:
Ms. Mornin: That's good, because I work three jobs and I feel like I contribute.
President Bush: You work three jobs?
Ms. Mornin: Three jobs, yes.
President Bush: Uniquely American, isn't it? I mean, that is fantastic that you're doing that. Get any sleep? (Laughter.)
Multi-millionaire George Bush, Jr., thinks holding three jobs is "uniquely American"? I don't find anything funny about his inane statement. The truth of the matter is that one day in the not-too-distant future, four paychecks will not be enough for two workers per household to keep their heads above water.
Why are the American people ignoring the warning signs about the true state of the economy? I submit to you it's because most don't have a clue about what U.S. Comptroller General David Walker called "chilling" and just waiting in the wings for the first wave of "baby boomers" to retire in 2008. Americans are being lulled into a false sense of security by political doublespeak.
As an example, too many Americans think that just because the interest rates are low right now, that the adjustable rate mortgages they're paying on for home sweet home is still a good deal. Not so. A whopping 82 percent of real estate loans in California are ARMs. Last month, Alan Greenspan � a once staunch backer of a gold-backed monetary system before he sold his soul to the banking cartel � worried that the explosion of interest-only loans and ARMs, along with risky loans and the inevitable rise in interest rates will not only be devastating for homeowners, but will cripple the U.S. economy.
Even a 3 to 5 percent increase in the interest rates will mean foreclosure for those home "owners." I live in a controlled development where houses begin in the low $400,000s. Our neighborhoods are like ghost towns during the day due to the fleecing of the American worker in taxes, forcing the mothers of America into the workplace. A sight becoming more common around here: tow trucks loaded with a Lexus, or Honda. After checking with security � who were also concerned about auto theft � these aren't broken cars, they're bank repos.
Too many Americans forget that when Jimmy Carter left office, interest rates were 21 percent. If the American people think it can't happen again, they know nothing of how inflation is artificially and deliberately created by the privately owned "Federal" Reserve or how the "Fed" and Internal Revenue Service are joined together like a hooker and her pimp. I urge you to get educated on this critical issue by requesting a complimentary copy of my best-seller, "Why A Bankrupt America."
What we are seeing is a very bad sign, but the people themselves have made it all too easy for past presidents and Congresses to pillage the people's purse � exactly what led to the fall of the Roman Empire:
The senator stood on this very podium and he wept for the Republic. He wept that emperors were not elected by the people, but by infamous legions and the idle and ravenous mobs who wished only to devour the fruits of the granaries and the treasures, and to be amused by charlatans and mountebanks and actors and singers and gladiators and pugilists � at public expense ...
For greed, that young senator cried to you, the mobs in this city supported evil Caesars, who lusted only for power, because those Caesars promised them loot from the public treasuries. Venal senators supported those Caesars, for profit and power. ("Dear and Glorious Physician: The Story of St. Luke," by Taylor Caldwell)
Bush spoke this past week on our "strengthening" economy. What? How can you have a "strengthening" economy that is based 100 percent on debt?
On May 31, 2005, the congressionally created national debt to the privately owned banking cartel was $7,777,880,152,594.89. If you are almost $8 trillion in the hole, how can you continue to spend more money that doesn't exist? You can't, but under our unconstitutional monetary system, the international banking cartel � who own you and the fruits of your labor � are loving every minute of it because all this unconstitutional spending has to be borrowed from them!
America is going the way of the Roman Empire. While Democrats and Republicans sit around and point the finger at each, collectively and with the magic pen of Mr. Bush, they are destroying this republic and everything you have ever worked for. They are placing your children in financial bondage for the rest of their lives, serving only the interests of the international banking cartel.
For the sake of your children and the future of this republic, I urge you to get educated on the central bank because it is the key to our downfall � right along with the American people demanding more unconstitutional spending for their pet want or issue. Then get busy and look for that fourth job. You're going to need it.
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