The Economic Collapse Blog
Every year when July 4th rolls around, Americans from coast to coast celebrate July 4th with cookouts, outdoor concerts and fireworks. We love celebrating Independence Day and yet we are deeply enslaved to debt. We like to think of ourselves as "free" and yet we have rolled up the biggest pile of debt the world has ever seen. The people that we have borrowed all of this money from expect to be paid. Sadly, instead of addressing the problem, we have been loading more debt on to the backs of future generations with each passing year. What we are doing to our kids and our grandkids is so immoral that is almost defies description. At the heart of this debt-based system stands the Federal Reserve. It is a perpetual debt machine that was designed to trap the U.S. government in a spiral of debt permanently. Today, the U.S. national debt is 4700 times larger than it was when the Federal Reserve was created back in 1913. This year alone, we will add more to the national debt than we did from the presidency of George Washington to the beginning of the presidency of Ronald Reagan. So yes, enjoy the hotdogs and the fireworks, but also remember that we will never be free as long as this constantly expanding debt problem is hanging over our heads. (Read More....)
