Can’t wait for the article on peaceful jihad.
We just look über wealthy as a whole right now compared to the rest of the world because we have the best printing presses in the world and an infrastructure in place that was built up by our forefathers and prior generations making for a great illusion. We are probably the most in-debt in the world. We've been robbing Peter to pay Paul and then stealing from Paul for a long time now abp Obama is ensuring that we will never catch up and eventually fall. Those who put him in power knew what they were doing. His job is to set the stones in place that will ensure our destruction. Its too bad that he has al ost half fooled.
I would love to know how he arrives at that figure.
No doubt he calculates part of that net worth using IRAs and 401Ks. If the bloated, rigged Stock Market collapses (and I think it eventually will), then you can wipe out a very large percentage of that.
Whatever is left over after the crisis, the government plans to seize in a "emergency measure."
What else is he using? Bank savings? With laws passed by Congress, our bank savings can be confiscated to cover the Banksters and Wall Street Gamblers derivative exposure.
New law means taxpayers must back banks' 'incredibly risky' derivatives deals
What else? Well, our homes are not really ours, even if we own them outright with no mortgage. Property taxes mean more than an irritant. In a crisis, they mean that governments can charge us whatever "rent" they deem necessary in order for us to live in "our" homes. Try not paying your property taxes and watch what happens to "your" property in a very short period of time.
The average black family has a net worth (after automobiles and clothing are taken out of the equation) of $1,700. That is almost 70 times less than white families.
If we have a collapse, the government will take all it can in an attempt to quell the riots. You can count on it.
I agree with Mark Steyn about most things, but America is far from broke. It’s a grotesque lack of understanding of economics to claim we’re broke. The presence of debt is not equivalent to insolvency.
clueless.